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Bonny Light Crude Oil (Offer to Sell)

Melhem Services pty ltd
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Trade Lead Description:

Buyer send TOI

Seller issues contract with full banking coordinates and proof of product (POP) in Seller’s name with NNPC as the consignor.

Buyer & Seller sign and seal contract

Buyer’s bank issues confirmed, irrevocable, non-operative LC by SWIFT in favor of the seller.

Seller’s bank lodges a 2% PB to activate the buyer’s LETTER OF CREDIT.

Seller nominates vessel: Ship Name, Call Letters, Captain’s Name and a Copy of the Aspatankvoy Sub-Charter Party, the cargo will be officially registered and programmed in buyer’s name to reflect on SHELL network screen London, Lloyd’s

Within 15days after discharge of crude oil at Buyer’s port of destination the Buyer pays for the crude oil as per the Final Q & Q Report issued by independent inspector at the port of discharge.
Payments are made by SWIFT wire transfer directly to the seller’s authorized beneficiary agent nominated bank accounts and commission agents as stipulated in the MFPA in the contract
Type of Offer: Offer to Sell
Quantity: 48,000,000
Packaging: not specified
Price / Incoterms Conditions: not specified

Posted from Australia - New South Wales on 2 November, 2015
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Company Details
Company Name: Melhem Services pty ltd Top Member - Become a Top Member
Contact Person: Ibrahim Melhem
Location: Australia - New South Wales
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Classification: Chemicals - Petroleum Products: Crude Oil
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