Variations and Variaties of Procedures we work with for particular groups of Sellers and Buyers 

Run them Down, You May meet your Favourite!
Looking for long term Business Partnership contact us if you accept any of the under-mentioned transaction procedures on

 SECTION A

ALL PRODUCTS RUSSIA ORIGIN ON CIF/FOB ROTTERDAM ANY SAFE WORLD PORT (ASWP)
TRANSACTION PROCEDURE (Preferable for some particular buyers)

1. Seller issues official Full Corporate Offer,
2. Buyer accept FCO sign and send to Seller Letter of Intent-LOI with Full Banking Details,
3. Seller send to Buyer the Draft SPA for all parties to review and endorsed along with the NCNDA/IMFPA,
4. Upon signing the contract, the seller will legalize and register the hardcopies of the contract with the Appropriate Ministries in Charge
5. Seller gives 2% performance bond to buyer bank and sends to Buyer the Scanned copy of the Legalized and Notarized hardcopies SPA alongside the Partial Proof of Product (POP) and Shipping documents as listed below via email and also via courier: i). Statement of Product Availability ii) Refinery Commitment to Supply the product
iii) Certificate of Origin of the product iv) Company License to Export v) Company Registration Certificate vi) Product Passport (Dip Test Result)
vii) Tank Receipts and provide the buyer with the "Passport Sdelki)
6. Upon receipt of the above documents by the buyer, buyer verifies the documents and issue to Seller bank non-operative LC that activates the 2%PB
7. Shipment will commence within 2 -3 days upon receiving L/C from the Buyer's bank and upon arrival of the cargo at the discharge port, payment will be made for the product by the buyer via T/T Wire transfer after CIQ/SGS Inspection at discharge port.
8. Seller will release payments to the intermediaries involved within 48 hours of receiving the Payment for the product from the Buyer's bank.
9. Delivery continues as per schedule and agreed in the contract

10. Buyer's bank will issue an IRDLC, which will be revolving for the period of the contract monthly to the Seller's bank and payments will be made at sight against SGS inspection at the discharge port for upward deliveries or as maybe finally
agreed upon.

 SLCO Procedure – ARAMCO (Direct from Aramco)

1. Offer via Email (Soft Offer)

2. LOI

3. Confirmation of Official Terms and Conditions

=> Commitment from ARAMCO for Allocation/Registration

=> Master Fee Protection

4. Confirmation from the buyer of readiness to present refineries at TTM and BCL (bank to bank)

=> Official ARAMCO Confirmation for TTM

5. Presentation of Processing MOU with refineries at TTM

=> Bank Statement for ARAMCO Fee (Approx.1Mill US$) covering the Registration Fees by the buyer

6. Official Aramco Registration of the buyer

=> ARAMCO Fees will be paid

=> BCL from a Prime Bank covering first Contract

=> (Negotiated between the Banks)

=> Processing Agreements with Refineries

7. ARAMCO Invitation for signing supply contract

 SLCO Procedure – NON ARAMCO (Allocation/Titleholders/Sellers)

1. Offer via E-Mail (Soft Offer)

2. LOI

3. Confirmation of Official Terms and Conditions (FCO and draft contract)

=> Allocation in seller's name

4. Confirmation from the buyer of readiness to present refineries and BCL bank to bank

5. Presentation of Processing MOU with refineries

=> BCL from a Prime Bank covering first contract

=> (Negotiated between the banks)

=> Processing Agreements with refineries

6. Signing supply contract

SECTION B

BLCO CIF Rotterdam Procedure

1. Seller issues FCO.

2. Buyer issues LOI.

3. Seller issues draft SPA to the Buyer with his full coordinates, full banking details, open for amendments with verifiable copies
of the following documents:

• Full Allocation ("Proof of Allocation") document,

• Authority to Sell (ATS),

• Export License.

Each of these documents has to be issued directly or endorsed by NNPC Marketing Department Abuja in the name of Seller.

4. Upon successful verification of the above mentioned documents, Buyer completes the SPA and returns it to Seller within 2 banking
days from verification.

5. Seller signs, seals and returns the SPA to Buyer wihin3 banking days.

6. Buyer signs, seals and returns the SPA to Seller within 3 banking days.

7. Seller, within 3 banking days from receipt of signed contract, loads a trial tanker vessel with 2 million bbls and forwards copies of the ship's documents to Buyer including copy of the "Master Copy" of the BOL (Bill of Loading), WOT (Warranty of Title) issued by NNPC to the seller and CPA (Chartered Party Agreement).

Important: The seller has to be Consignee (Owner) of the Cargo and B/L and other shipping documents in his name. In case the seller has bought the goods and try to resell them, he must prove, that he bought these goods from the original consignee and that the original seller has transferred the title to him.

8.   Captain gives NOR and ETA to Buyer and Seller issues ATB to allow SGS inspectors to board the vessel and carry out Q&Q inspection for the Buyer and Seller's CI (Corporate Invoice).

9. Once the ship's documents have been successfully verified, Buyer's bank issues POF (bank to bank).

10.   Within 3 banking days from receipt of POF, Seller's bank  issues  a non-operational Performance Bond guarantee worth 2% of the value of the trial tanker vessel to Buyer's bank.

11.  Upon receipt and acceptance of 2% PB, Buyer's bank issues within 5 banking days a fully operational, non-transferable non-divisible Irrevocable DLC to seller's bank that activates the first 2% PB.

NOTE: WOT-Warranty of Title and CPA –Chartered Party Agreement (first and last pages) are needed for issuing a payment instrument and are always available for a loaded tanker vessel.

12.  Within 72 hours from completion of discharge and receipt of all original documents for payment, actual money transfer by MT 103 SWIFT wire into seller's bank account takes place.

13.  Once the trial tanker vessel has been unloaded and paid, Seller's bank issues an initially non-operative 2% PB guarantee, to be subsequently activated by a non-transferable, non-divisible Irrevocable Revolving Documentary Letter of Credit ("IRDLC", monthly value)

14.  Buyer's bank then issues IRDLC to activate 2% PB, before the second tanker vessel is loaded.

15. Within 72 hours from completion of discharge of the second tanker vessel and receipt of all original documents for payment,
actual money transfer by MT 103 SWIFT wire into seller's bank account takes place. This payment procedure is carried out for each and every delivery from the second one onward.

BLCO TTO Terms and Conditions

The following TTO Procedure is the only acceptable procedure for TTO Deals and not negotiable. We only accept TTO offers if:

1. The Seller is Consignee (Owner) of the Cargo and B/L and other shipping documents in his name (*).

2. The Shipping Company is a West European First Class Shipping Company.

3. Q&Q issued by SGS or similar not older than 14 days.

4. Corporate Invoice are issued by Seller with full cargo and contact details.

5. Bank Account is in Sellers name.

6. Q88 is available.

7. Captain Details are available.

8. Copy of Platt's Quotations provided for price verification.

9. Total Commission is not more than USD-$ 2, 00 per BBL.

(*) In case the Seller has bought the goods and
try to resell them, he must prove, that he bought these goods from the original
Consignee and that the Original Seller has transferred the title to him.

Procedure for the transaction of this TTO terms and conditions

1. Seller issues Corporate Offer.

2. Buyer accepts Offer by signing this.

3. Seller sends Copy of:

a. Charter Party Agreement,

b. Letter to Authorize Buyer to verify all details with the Shipping Company,

c. Letter to Authorize Buyer to verify all details with the Captain of the Ship,

d. Copy of B/L in the name of the Seller (*),

e. Copy of Q&Q,

f. Copy of Q88,

g. Company Profile.

4. Buyer verifies above and confirm, after successful verification within 3 days acceptance.

5. Seller issue Corporate Invoice.

6. Buyer accepts CI and instructs his Bank, to issue BG, payable against transfer of title after discharge into buyer's tank. All costs from the date of CI are on buyers account.

(*) In case the Seller has bought the goods and try to resell them, he must prove, that he
bought these goods from the original Consignee and that the Original Seller has
transferred thee title to him.

SECTION C

Procedure on SPOT Transaction-FOB

For D2-Gasoline, Mazut100/75, JPA1/54

Looking for buyer send us FCO if you accept our working procedure below. Please find our Generalized Procedures for SPOT Transaction:

PROCEDURE FOR SPOT:

1. Seller issue FCO on Letterhead signed and seal, confirming that they are legal Owner of the goods

2. Buyer countersign FCO and sends back as acceptance

3. Seller issues Invoice with all terms and conditions for a SPOT transaction

4. Seller and Buyer engage there banks to confirm capability between each other (Via SWIFT MT799)

5. Buyer accepts Invoice and sends them countersigned back

6. Seller sends SGS / Storage Facility points of contact for Buyer to verify Seller fuel at tank storage or on Ship.

7. Buyer dips the tanks

8. Buyer issues MT103 for liftable product, DLC for balance of contract as POP documents are exchanged bank to bank

9. Lifting commences as per contract

PROCEDURE FOR ANNUAL CONTRACT – FOB

For D2-Gasoline, Mazut100/75, JPA1/54

Looking for buyer send us FCO if you accept our working procedure below. Please find our Generalized Procedures for Annual Contract:

PROCEDURE:

1. Seller issue FCO on Letterhead signed and seal, confirming that they are legal Owner of the goods

2. Buyer countersign FCO and sends back as acceptance

3. Seller SENDS CONTRACT with all terms and conditions for amendments

4. Buyer and Seller sign the contract

5. Sellers Bank sends a POP or partial POP via MT799 to buyers' bank

6. Buyers bank will answer with BCL

7. Seller sends SGS / Storage Facility points of contact for Buyer to verify Seller fuel at tank storage or on Ship.

8. Buyer dips the tanks

9. Buyer issues MT103 for liftable product, RDLC for annual contract

10. Lifting commences as per contract

SECTION D

Buyer's Standard Procedure for M100, LNG, LPG and PROPANE Products:

1) BUYER ISSUE LOI OR ICPO

2) SELLER ISSUES DRAFT CONTRACT (with the details of full bank information) OPEN FOR AMENDMENTS.

3) BUYER COUNTERS SIGN AND SEALS THE DRAFT CONTRACT AND SENDS VIA EMAIL TO SELLER.THEN SELLER CONFIRM CONTRACT AND CONTERSIGN IT TO BUYER

4) BUYER ISSUE THE BCL OR MT799 OR PREADVICE OF LC TO SELLER BANK FOR VERIFYING THE FINANCIAL CAPACITY OF BUYER

5) SELLER ISSUE AND SEND FULL PROOF OF PRODUCT (POP) AND 2%PB TO BUYER'S BANK FOR VERIFICATION TO BUYER BANK ACCOUNT

6) BUYER ISSUES THE DLC FOR THE FIRST TRIAL SHIPMENT. SUBSEQUENT SHIPMENTS PAID VIA DLC/SBLC/RDLC+ T/T (ALL THE TERMS OF THE SBLC SHOULD BE CONFIRMED AND EXECUTED BY BOTH PARTIES)

7) DELIVERY COMMENCES AS PER CONTRACT AND THE SHIPMENT SHOULD ARRIVE AT BUYER'S DISCHARGE PORT WITHIN 20/25 DAYS.

8) UPON RECEIPT OF ALL THE SHIPPING DOCUMENTS, BUYER RELEASE PAYMENT TO SELLER BANK AFTER CIQ INSPECTION AT
DESTINATION PORT AFTER DELIVERY

9) SELLER PAYS THE COMMISSION TO ALL AGENTS AND MANDATES AS PER SIGNED IMFPA

SECTION E

Alternative Transaction Procedures

Seller's Legitimate Procedures will be Acceptable or as May be negotiated, on all Russian Products and other Countries.
These are meant for other partner Buyers we have.

Prospective Sellers/ Seller Mandates send us Soft Corporate Offers (SCOs) or Full Corporate Offers (FCOs) as you may wish. Please only serious sellers. Keep in mind that Due Diligence (DD) will be conducted on your Offer and Seller. Be guaranteed that we will give you buyer within Forty-eight hours working days.