Petroleum and crude oil

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Information about Petroleum and crude oil
Business & Mgmt

Published on March 9, 2014

Author: saidbenameur39

Source: slideshare.net

Description

petroleum and crude oil procedures

PETROLEUM PRODUCT / CRUDE OIL www.abitrade.webs.com http://www.saidaloevera.com/ http://www.saidaloevera.com/pages/petroles-etderives/recherche-fournisseur-directe-de-crude-oil.html http://www.saidaloevera.com/pages/petroles-et-derives/achat-ded2-et-jp54-fob-procedures.html BEN AMEUR SAID 0033658783666 Skype: scarsad25 www.abitrade.webs.com http://www.saidaloevera.com/ UNE AUTRE FAÇON DE VOIR LE MONDE PAR L’INTERMÉDIATION !!! PETROLEUM PRODUCT / CRUDE OIL

PETROLEUM PRODUCT / CRUDE OIL PROCEDURE CIF DELIVERY: 1. . . TO ACTIVATE THE DLC Seller and Buyer sign, seal sales/purchase Agreement with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks. Within five (5) banking days after signing the Contract by both parties, Seller's bank shall send 2. a) SWIFT MESSAGE VIA RWA MT799 to buyer’s bank to confirm that seller is ready and able to deliver the products, and confirm that seller has lodged with seller’s bank the following documents: EXPORT ALLOCATION/LICENSE REF: NO. BULK APPROVED MPRREFERENCE: NO. CARGO AUTHORITY/PERMIT NUMBER: SELLER TRANSATION CODE: AUTHORISED FOR EXPORT IN LICENCE REF:(FROM NNPC BONNYTERMINAL). REF: 2. b) THEN BUYER OPEN NON OPERATIVE DLC TO SELLER'S BANK– 3. SELLER THROUGH SELLER'S BANK OPEN 2 % P.B 4. shall issue a DLC in favor of the Seller, thereby automatically making the PB operative. The issued MT 700 will be only opened after successful Q & Q and confirmed SGS Reports are done and confirmed versus the original Lab Test Document Analysis Report. 5. Seller issues vessel name, IMO number, along with the Certified Specification and Lab Test Document Analysis/Report issued by NNPC for the loaded crude oil. 6. Seller shall provide the Buyer the confirmed charter party agreement vessel and notification of estimated time of arrival (ETA) to the buyer’s Designated Discharge Port. 7. Loading takes place as per laycan date and Shipping documents formalities completed. 8. Seller issues ATB and Clearance to Buyer's Inspection Company and Supercargo. 9. Seller issues ATB and Clearance to Buyer's Inspection Company and Supercargo. 10. Seller’s vessel captain upon arrival notifies Buyer immediately and upon confirmation from Buyer, Prepares to move vessel to inspection area. PETROLEUM PRODUCT / CRUDE OIL

PETROLEUM PRODUCT / CRUDE OIL 11. Buyer, boards his inspectors/supercargo immediately upon the arrival of the cargo vessel. 12. Buyer, immediately after Cargo Confirmation and Q&Q Calibration, issues to Seller, payment for the full cargo value a payment Instrument by MT103, this is done at the End of unloading, and is paid in full on out-turn barrels. 13. Vessel is dispatched to the Tank Storage/Refinery (buyer bares the cost of the movement of the ship from international waters to refine- Buyer must have tank storage in place. Delays in ry’s storage tanks discharge will be to buyers account. 14. Seller transfers title and Buyer releases hold on MT103 for full payment of Cargo. 15. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries' nominated Bank Accounts, within two banking (2) days. 16. Vessel returns to Bonny Terminal for reloading and instructions for next delivery PETROLEUM PRODUCT / CRUDE OIL

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