Gabrich full corporate_offer_july_to_sept_2015

GABRICH Global Services Limited-RC761010

. . . Consistently Excellent Oil & Gas Services

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FULL CORPORATE OFFER-(FCO) FOR SALES AND PURCHASE OF NIGERIA BONNY LIGHT CRUDE OIL- (OFF-OPEC). Our Ref: GGSL/NBLCO/FCO/06/2015 Date Issued: 1st July, 2015 Expiry Date: September, 2015 To: Reseller/ Intermediary/ Buyer Mandate & End Buyer

Dear Sir,

SUBJECT: Sale and Purchase of Bonny Light Crude Oil

GABRICH Global Services Limited is a reputable indigenous company set up in 2005 as

GABRICH Global Concept and was registered with The African Trade Centre- As Honorary

Partner of The Foundation For The Development Of Africa (FDA), Supporting the promise . . .

Lets Trade.

In 2008, The Company was incorporated as a Limited Liability with the Corporate Affairs

Commission (CAC) under the Company and Allied Matters Act 1990 of the Federal Republic

of Nigeria- RC 761010, Established as Engineering, Procurement and Construction (EPC)

Services provider, to render range of professional services in the Upstream and Downstream

sectors of the Oil & Gas industry, construction companies and Government sectors.

The company is licensed by the Department of Petroleum Resources (DPR) to undertake

projects under Engineering, Procurement, Construction, Installation and Commissioning

(EPCIC).

In pursuit of Sustainable Growth of the company, we added Business Development

Consultancy Services which includes Nigeria Bonny Light Crude Oil Marketing as part of our

global services.

In an effort to reach a successful resolution, we GABRICH Global Services Limited, acting

with full corporate responsibility and authority as Oil & Gas Consultant/Mandate With

NNPC/JVOPS Sellers Both OPEC & OFF-OPEC Record With (COMD) representing NNPC

Terminal Trading Companies of OFF-OPEC Bonny Light Crude Oil, hereby wish to confirm

that we are willing and able to transact and supply Nigeria Bonny Light Crude Oil (NBLCO)

under following terms and conditions; and have been authorized to negotiate on behalf of

NNPC Terminal based on our stimulated agreement with buyer.

Hereby submit, on behalf of NNPC/JVC Terminal Trading Companies our FULL

CORPORATE OFFER for supply of 2 million minimum per month of NNPC OFF-OPEC

Crude Oil for a period of 1 Year with rollover based on the following terms and conditions:



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PROOF OF PRODUCT/CARGO INFORMATION ALLOCATION DETAILS:

NOTE:

WE HAVE DIFFERENT PROOF OF PRODUCTS BASED ON DIFFERENT SELLERS. PROOF OF PRODUCT WILL BE INSERTED INSIDE THE SALES AND PURCHASE AGREEMENT (SPA)

THE PRODUCT OFFERED BY THE SELLER AND ACCEPTED BY THE BUYER IS BONNY LIGHT CRUDE OIL THAT SHALL BE LIFTED FROM NNPC BULK APPROVED EQUITY

ALLOCATION SHARE-OFF OPEC RECORD.

QUALITY: NIGERIAN LIGHT CRUDE OIL OF STANDARD EXPORT GRADE.

BONNY LIGHT CRUDE OIL SPECIFICATION

If the specification of the product as per inspection for NNPC Export Grade fails to conform

with the Bonny light Crude Oil specification, as agreed to in the contract, the price per barrel

shall decrease by USD 0.02 (two United States Cents) for each 1/10th

(one tenth) of a percent

above 0.15% wt., Sulphur for the Crude Oil.

QUANTITY: Shipment 2 Million Barrels On CIF PER (MONTH/ 1YR) ROLLOVER

STANDARD EXPORT SPECIFICATION NIGERIAN BONNY LIGHT CRUDE OIL

(BLCO) 1 Specific Gravity at 60ºC 0.8397 - 0.8498 2 API Specific Gravity at 60ºC 35.0 (35.1) 3 Density at 60 ºC 0.85 max 4 Pour Point Below 40ºF 5 Sulfur Content, % Wt. 0.50 max 6 Colour Dark Brown 7 Salinity TB at 0.10% BS&W 47 max 8 Acid Number 0.39 max 9 Reid Vapour Pressure 6.52 psig max 10 Water Content, Pct.(%) 0.50 max 11 Sediment Content, Pct.(%) 0.50 max 12 Iron Wt. Ppm 1.00 max 13 Nickel Wt. Ppm 4.00 max 14 Vanadium Wt. Ppm 2.00 max

If the specification of the product as per inspection for NNPC Export Grade fails to



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conform with the Bonny light Crude Oil specification, as agreed to in the contract, the price per barrel shall decrease by USD 0.02 (two United States Cents) for each 1/10th (one tenth) of a percent above 0.15% wt., Sulphur for the Crude Oil. Please, note that the lifting of the Crude Oil will be made through the Bulk Equity Allocation in the 3rd Quarter of the year 2014 and also the transaction is off OPEC records.

NON- NEGOTIABLE SELLER PROCEDURES – NNPC DIRECT TERMINAL

NNPC OFFER FOR CIF WITH PAST PERFORMANCE & PPOP, WITH A

2% PERFORMANCE BOND ADVANTAGE. Financial Bank Instrument and

Final Payment into NNPC Account. (CIF / TTT/TTO)

GROSS: USD$12

NET: 7USD

COMMISSION: USD$5

SELLER SIDE: USD$3 CLOSED

BUYER SIDE: USD$2 OPEN

. OR

GROSS: USD$13

NET: 7USD

COMMISSION: USD$5

SELLER SIDE: USD$3 CLOSED

BUYER SIDE: USD$2 OPEN



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SHIPMENT & PROCEDURES

1. NNPC Bonny Terminal and Buyer countersign the SPA contract. SPA documents are

lodged in their respective banks which are binding, enforceable and cannot be changed.

Necessary or relevant third Party Documents are allowed in all communications.

2. NNPC Bonny Terminal sends CLASSIFIED past performance documents to buyers,

Buyer opens the Non-operative, Non-transferrable, Confirmable and Revolving Bank

Guarantee (BG) OR SBLC directly into NNPC Bank via MT799/MT 760, within 10 (Ten)

international banking days after the date of signing SPA.

3. NNPC Bonny Terminal opens the 2% Revolving Performance Bond within 7 (seven)

international banking days after receiving the SWIFT MT 760 ( BG) OR SBLC to

activate the L/C.

4. After receiving SBLC, NNPC Bonny Terminal nominates a vessel and pays for the

charter, then both parties signs charter party agreement (CPA).

5. NNPC Bonny Terminal positions vessel and loads with cargo within 7 working days

after the day of receiving the L/C.

6. Master of vessel shall send E.T.A. to Buyer’s discharge port.

7. Payment by Buyer for the crude oil and all commission to be effected by TT for the

value of crude oil indicated in the Seller’s correct invoice. All Payments shall be made

within THREE international banking days after completion of discharge at the Buyer’s

Discharge Port and final Q&Q of turn- out barrels confirmed by SGS or equal.

NNPC BONNY OCEAN TERMINAL PROCEDURE FOR FOB- (WITHOUT

BANK INSTRUMENT)

GROSS: USD$14

NET: 9USD

COMMISSION: USD$5

SELLER SIDE: USD$2.50 CLOSED



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BUYER SIDE: USD$2.50 OPEN

1. Below is the procedure for a buyer that has vessel to load direct from

NNPC Bonny Ocean Terminal (FOB).

NNPC Bonny Terminal issues draft Sales And Purchase Agreement (SPA)

with Proof Of Product (POP) details. The proof of product can only be

confirmed in Nigerian National Petroleum Corporation, Abuja and Bonny

Terminal, Port Harcourt and Not NNPC, London or elsewhere outside

Nigeria.

2. Buyers confirm the Lay can details and Proof Of product (POP) given on

the first page of the contract and sign and return Sales And Purchase

Agreement (SPA) with details of his Vessel: Name of Vessel, IMO Number,

Call Sign, CPA, Q88, Charterer Invoice and Authority to Load, Domain

Email Address of Captain and Emails of Buyer’s representative to copy.

3. NNPC Bonny ocean Terminal send acknowledgment letter to the buyer

to proceed with the payment of Programming and Custom/Naval

Clearances Certificate which enable buyers details to be programmed

in NNPC/SHELL SCREEN MARKET WEBSITE and enter the Terminal to load.

(Payment shall be made directly into NNPC Bank Account).

4. NNPC Bonny Ocean Terminal confirms the payment and calls buyer's

vessel for programming and loading of the product and buyer shall

conduct an independent verification of such programming (LAYCAN

and Window dates).

5. After loading, NNPC Bonny Ocean Terminal provides details of

preliminary documents of loading to Buyer for confirmation in the name

of Buyer for his independent verification, for the Cargo of Two Million

(2,000,000) Barrels, officially assigned in Buyer’s name as the consignee

of product by the officers in marine and shipping department of the

Nigerian National Petroleum Corporation (N.N.P.C) Bonny Ocean

Terminal (Proof of Product) the complete full set of original shipping

documents after loading in favor of the Buyer including:



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Authority To Sell.

Full Set of 3 Original and non-negotiable Copies of Bill of Lading.

1 Original and 3 Copies of Certificate of Quantity.

1 Original and 3 Copies of Certificate of Quality.

1 Original and 3 Copies of Certificate of Origin.

1 Original and 3 Copies of Master’s Receipt of Samples

1 Original and 3 Copies for Master’s Receipt of each one-copy

document

1 Original Ullage Report issued at loading Terminal.

1 Original and 3 Copies of Cleanliness Report at loading Port.

1 Original and 3 Copies of Customs clearance certificate.

6. Upon confirmation of the preliminary documents of loading, the buyer’s

captain gives attestation to the buyer that they have successfully

loaded into buyer’s vessel and the product is in their possession.

7. Buyers bank swift’s MT103 payment via wire transfer to NNPC and all

other commissions to intermediaries Bank Accounts.

8. NNPC Bonny Terminal advises Master of the vessel to set sailing to Buyer’s

discharge port of destination and Vessel discharges into buyer’s Tank

Farm.

NNPC BONNY OCEAN TERMINAL PROCEDURE FOR FOB- (WITH BANK

INSTRUMENT, BUT NOT UPFRONT)

GROSS: USD$14

NET: 9USD

COMMISSION: USD$5

SELLER SIDE: USD$2.50 CLOSED



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BUYER SIDE: USD$2.50 OPEN

1 Below is the procedure for a buyer that has vessel to load direct from NNPC

Bonny Ocean Terminal (FOB).

NNPC Bonny Terminal issues draft Sales And Purchase Agreement (SPA) with Proof

Of Product (POP) details. The proof of product can only be confirmed in Nigerian

National Petroleum Corporation, Abuja and Bonny Terminal, Port Harcourt and Not

NNPC, London or elsewhere outside Nigeria.

2 Buyers confirm the Lay can details and Proof Of product (POP) given on the first page

of the contract and sign and return Sales And Purchase Agreement (SPA) with details

of his Vessel: Name of Vessel, IMO Number, Call Sign, CPA, Q88, Charterer Invoice

and Authority to Load, Domain Email Address of Captain and Emails of Buyer’s

representative to copy.

3 NNPC Bonny ocean Terminal send acknowledgment letter to the buyer to proceed with

the payment of Programming and Custom/Naval Clearances Certificate which enable

buyers details to be programmed in NNPC/SHELL SCREEN MARKET WEBSITE

and enter the Terminal to load. (Payment shall be made directly into NNPC Bank

Account).

4 NNPC Bonny Ocean Terminal confirms the payment and calls buyer's vessel for

programming and loading of the product and buyer shall conduct an

independent verification of such programming (LAYCAN and Window dates).

5 After loading, NNPC Bonny Ocean Terminal provides details of preliminary

documents to Buyer for confirmation to enable buyer issue MT 799 or MT 760 for

NNPC to issue documentation of loading in the name of Buyer for his independent

verification. The Cargo of Two Million (2,000,000) Barrels, will be officially assigned

in Buyer’s name as the consignee of product by the officers in marine and shipping

department of the Nigerian National Petroleum Corporation (N.N.P.C) Bonny Ocean

Terminal (Proof of Product) the complete full set of original shipping documents after

loading in favor of the Buyer including:

Authority To Sell.

Full Set of 3 Original and non-negotiable Copies of Bill of Lading.

1 Original and 3 Copies of Certificate of Quantity.

1 Original and 3 Copies of Certificate of Quality.

1 Original and 3 Copies of Certificate of Origin.



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1 Original and 3 Copies of Master’s Receipt of Samples

1 Original and 3 Copies for Master’s Receipt of each one-copy document

1 Original Ullage Report issued at loading Terminal.

1 Original and 3 Copies of Cleanliness Report at loading Port.

1 Original and 3 Copies of Customs clearance certificate.

6 Upon confirmation of the placement of the instrument in favor of NNPC, NNPC Bonny

Terminal advises Master of the vessel to set sailing to Buyer’s discharge port for

destination inspection.

7 Vessel issues a Marine NOR/ETA to Buyers Port of discharged. Upon arrival at Buyers

Port of discharge, Buyers independent inspectors perform destination inspection to

confirm out turn of barrels.

8 Buyers bank swift’s MT103 payment via wire transfer to NNPC and all other

commissions to intermediaries and Vessel discharges into buyer’s Tank Farm.

CONSIGNEE / RESELLER AND FIDUCIARY SELLERS PROCEDURES – DIRECT NNPC TERMINAL LOADING

NO.1

PROCEDURE WITH PROOF OF FINANCIAL CAPACITY VIA

SWIFT MT-799 TO SELLER’S (C.I.F)

GROSS: USD$12-

DISCOUNT: USD$8.

COMMISSION: USD$4.

SHARING FORMULA- USD$2 FOR SELLERS AGENT CLOSED.

USD$2 FOR BUYERS AGENT FULLY OPEN.

1 Seller issues Sales Purchase Agreement. (S.P.A) with Passport and ATS appended.

(ANNEX D & E)

2 Buyer accepts/sign’s (S.P.A) and issues Proof of Financial capacity via SWIFT

MT-799 to seller’s fiduciary bank as per attached Verbiage.**ANNEX B**



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3 Sellers nominate, laycan’s, loads and moves vessel to buyers discharge Port and

avails buyer full set of loading documents.

List of the documents to be provided:

• Clean Ocean Bill of Lading, One (1) Original and three (3) copiers.

• Seller’s Commercial Invoice, One (1) Original and three(3) copies.

• SGS/Saybold Certificate of Quality and Quantity, One(1) Original and

three (3) copies

• Certificate of Origin issued by NNPC, One (1) Original and three (3)

copies

• Certificate of Authenticity issued by NNPC, One (1) original and three

(3) copies.

• Master’s receipt for Samples.

• Master’s receipt for Documents

• Cargo Manifest

• Cleanness report at loading Port and Lines B Charter Party

Agreement.

• Authority To Sell (ATS) from NNPC

4 Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to

buyers discharge Harbor/Tank.

5 Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s

board for Quality and Quantity (Q&Q) analysis at agreed designated location.

6 On successful conclusion of Q&Q analysis, buyer issues MT-103/23 to sellers Bank

for confirmation.

7 All Original Cargo Documents shall be transferred to buyer.

8 Transshipment to buyer's Storage Tank commences.

9 Payment for Product and commissions is released to seller and all agents

nominated banks; 72 hours after transshipment of product by MT-103(swift transfer) at

out turn barrels upon presentation of the transaction documents at buyer’s bank.

NO.2

PROCEDURE WITH PRE-ADVISE IN-OPERATIVE ,

CONFIRMABLE, TRANSFERABLE DOCUMENTARY

LETTER OF CREDIT VIA MT-700. (C.I.F)

GROSS: USD$12-

DISCOUNT: USD$8.



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COMMISSION: USD$4.



PROCEDURES (C.I.F)

1 Seller issues Sales Purchase Agreement. (S.P.A), Buyer signs and return with port

of discharge and NOR detail. Seller issues corporate purchase Invoice.

2 Buyer’s bank issues in favor of seller a pre-advise in-operative , confirmable,

transferable documentary letter of credit via MT-700.

3 Sellers nominate, laycan’s, loads and moves vessel to buyers discharge Port and

avails buyer full set of loading documents.

List of the documents to be provided:

• Clean Ocean Bill of Lading, One (1) Original and three (3) copiers.

• Seller’s Commercial Invoice, One (1) Original and three(3) copies.

• SGS/Saybold Certificate of Quality and Quantity, One(1) Original and

three (3) copies

• Certificate of Origin issued by NNPC, One (1) Original and three (3)

copies

• Certificate of Authenticity issued by NNPC, One (1) original and three

(3) copies.

• Master’s receipt for Samples.


• Cargo Manifest

• Cleanness report at loading Port and Lines B Charter Party

Agreement.

• Authority To Sell (ATS) from NNPC

4 Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to buyers

discharge Harbor/Tank.

5 Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board

for Quality and Quantity (Q&Q) analysis at agreed designated location.

6 On successful conclusion of Q&Q analysis, buyer issues MT-103/23 to sellers Bank for

confirmation.

7 All Original Cargo Documents shall be transferred to buyer.



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8 Transshipment to buyer's Storage Tank commences.

9 Payment for Product and commissions is released to seller and all agents nominated

banks; 72 hours after transshipment of product by MT-103(swift transfer) at out turn barrels

upon presentation of the transaction documents at buyer’s bank.

NO.3

PROCEDURE WITH Buyer’s bank contacts Seller’s fiduciary bank

via pre-advice (SWIFT MT.199) as stated in "ANNEX C"

indicating interest to issue an operative, transferable Standby

Letter of Credit (SBLC via SWIFT MT760) (C.I.F)

GROSS: USD$12-

DISCOUNT: USD$8.

COMMISSION: USD$4.



PROCEDURES (C.I.F)

1. Seller issues Sales Purchase Agreement. (S.P.A), Buyer sign's and return with port of discharge and NOR detail. 2. Buyer’s bank contacts Seller’s fiduciary bank via pre-advice (SWIFT MT.199) as stated in "ANNEX C" indicating interest to issue an operative, transferable Standby Letter of Credit (SBLC via SWIFT MT760) based on the agreed SBLC verbiage according to “ANNEX B” of this agreement..

3. Seller’s fiduciary bank confirms to the buyers bank via pre-advise that it is ready willing and able (RWA) to issue a 2% Performance Bond of the equivalent of the first delivery of 2 Million BBL after confirmation of Buyer’s transferable SBLC. 4.Upon receipt of Seller’s RWA pre-advise, Buyer’s bank will automatically issue the SBLC to Seller’s fiduciary bank. Seller’s fiduciary bank reciprocates with a 2% Performance

Bond. 5. Seller nominate, Laycan (Programming), loads and commences movement of vessel to buyers discharge Port and avails buyer full set of loading documents. List of the documents to be provided:

• Clean Ocean Bill of Lading, One (1) Original and three (3) copiers. • Seller’s Commercial Invoice, One (1) Original and three (3) copies. • SGS/Saybold Certificate of Quality and Quantity, One(1) Original and three (3) copies • Certificate of Origin issued by NNPC, One (1) Original and three (3) copies • Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies. • Master’s receipt for Samples.




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• Cargo Manifest • Cleanness report at loading Port and Lines B Charter Party Agreement. • Authority To Sell (ATS) from NNPC 6. Seller authorizes vessel captain to give Notice of Readiness (N.O.R/ETA) to buyers

discharge Harbor/Tank. 7. Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location.

8. On successful conclusion of Q&Q analysis, all original cargo documents shall be

transferred to Buyer's name. 9. Transshipment to buyer's storage tank commences. 10. Payment for product and commissions is released to seller and all agents nominated banks; 72 hours after transshipment of product by MT-103 (swift transfer) at out turn barrels upon presentation of the transaction documents at buyer’s bank.

NO.4

CIF PROCEDURE FOR NON-OPERATIVE STANDBY LETTER OF

CREDIT (SBLC) VIA MT760 BLOCK FUND TO SELLER WITH A 2%

PERFORMANCE BOND

1. Seller send official FCO to the buyer on seller's letter head included the product

specifications.

2. Buyer sends ICPO with full bank details and full signatory details.

3. Seller and Buyer sign SPA which include the Seller’s NNPC/JVC Proof Of Product

(POP) from Bulk Equity Account with Share Allocation details confirmable at NNPC

Crude Oil and Marketing Department, Off-OPEC Division Data Base, NNPC/JVC

Bonny, and deposit same with their respective Banks. (E-mail and Facsimile copies

shall be accepted as originals).

4. Upon confirmation of the Proof of Product (POP), Buyer’s bank SWIFT a Non-

operative STANDBY LETTER OF CREDIT (SBLC) Bank Instrument via MT760

(blocked Fund) in strict accordance to the seller’s verbiage for the total value of the

cargo into the nominated seller’s Bank Account, which will be activated by Seller’s

Performance Bond.



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5. Upon receipt of above within 3 days (72hrs), Fiduciary Seller’s Nominated Bank

places a 2% Performance Bond in favor of the Buyer which automatically

activates Buyer’s STANDBY LETTER OF CREDIT (SBLC).

6. Upon receipt and confirmation of buyer's SBLC/MT760 for this transaction, seller

nominates vessel, Programs to reflect on Terminal Database, Reassigns Allocation in

the name of buyer, the Provisional Lifting Right, in the buyer’s name, AUTHORITY

TO SELL in seller’s name. The Lifting Right documentations shall consist of the

following: The Quantity to be lifted, The Cargo Authority Number, Stem Number,

Window Number, Name of nominated vessel, Laycan Window Time, IMO No. of

nominated vessel.

7. Seller loads vessel, NNPC the Consignor the buyer as the Consignee, all the shipping

documents will be in the buyer’s name and sends details of loaded vessel to buyer for

confirmation.

SELLER GIVES BUYER A PIN WHICH BUYER WILL USE FOR

CONFIRMATION THAT THE VESSEL IS LOADED IN HIS NAME.

8. Upon confirmation, seller issues both ETA, NOR and copies of CIF standard

shipping documents, furnish both buyer and buyer’s bank with CPA & Q88 and the

following documents in buyer’s name which includes:

a. Clean on board ocean Bill of Lading

b. Certificate of Quality

c. Certificate of Quantity

d. Certificate of Origin

e. Vessel Ullage Report

f. Receipt of Samples

g. Cargo Manifest

h. Authority to Sell (ATS)

i. Seller Commercial Invoice.

9. Upon arrival at buyer’s port of Discharge, seller’s vessel captain issues NOR to

tender the vessel’s arrival and issues Marine ATB from his vessel domain via e-mail to

the buyer.



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10. Buyer’s appointed super cargo and inspectors board the vessel and conduct Quality

and Quantity analysis test and the Result is tendered to both the buyer and seller. Upon

positive Q & Q Result, the crude oil is discharged into the buyer’s tanks.

11. Payment is made within three banking days by MT103 directly to seller’s account

by SWIFT for the total value of the crude oil and agents nominated accounts as

stipulated in the SPA per out-turn barrel upon presentation at the counter of buyer’s

bank all the originals of the shipping documents in the buyer’s name and seller’s

commercial invoice.

NO.5

CIF PROCEDURE FOR MT799 BLOCK FUND TO SELLER,S

WITHOUT PERFORMANCE BOND

1. Seller send official FCO to the buyer on seller's letter head included the product

specifications.

2. Buyer sends ICPO with full bank details and full signatory details.

3. Seller and Buyer sign SPA which include the Seller’s NNPC/JVC Proof Of Product

(POP) from Bulk Equity Account with Share Allocation details (POP) confirmable at

NNPC Crude Oil and Marketing Department, Off-OPEC Division Data Base,

NNPC/JVC Bonny, and deposit same with their respective Banks. (E-mail and

Facsimile copies shall be accepted as originals).

4. Upon confirmation of the Proof of Product (POP), Buyer’s bank SWIFT MT799

BLOCK FUND in strict accordance to the seller’s verbiage for the total value of the

cargo into the nominated seller’s Bank Account.

5. Upon receipt and confirmation of buyer's MT799 for this transaction, seller nominates

vessel, Programs to reflect on Terminal Database, Reassigns Allocation in the name of

buyer, the Provisional Lifting Right, in the buyer’s name, AUTHORITY TO SELL in

seller’s name. The Lifting Right documentations shall consist of the following: The

Quantity to be lifted, The Cargo Authority Number, Stem Number, Window Number,

Name of nominated vessel, Laycan Window Time, IMO No. of nominated vessel.

7. Seller loads vessel, NNPC the Consignor the buyer as the Consignee, all the shipping

documents will be in the buyer’s name and sends details of loaded vessel to buyer for

confirmation.

SELLER GIVES BUYER A PIN WHICH BUYER WILL USE FOR

CONFIRMATION THAT THE VESSEL IS LOADED IN HIS NAME.



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8. Upon confirmation, seller issues both ETA, NOR and copies of CIF standard

shipping documents, furnish both buyer and buyer’s bank with CPA & Q88 and the

following documents in buyer’s name which includes:

a. Clean on board ocean Bill of Lading

b. Certificate of Quality

c. Certificate of Quantity

d. Certificate of Origin

e. Vessel Ullage Report

f. Receipt of Samples

g. Cargo Manifest

h. Authority to Sell (ATS)

i. Seller Commercial Invoice.

9. Upon arrival at buyer’s port of Discharge, seller’s vessel captain issues NOR to

tender the vessel’s arrival and issues Marine ATB from his vessel domain via e-mail to

the buyer.

10. Buyer’s appointed super cargo and inspectors board the vessel and conduct Quality

and Quantity analysis test and the Result is tendered to both the buyer and seller. Upon

positive Q & Q Result, the crude oil is discharged into the buyer’s tanks.

11. Payment is made within three banking days by MT103 directly to seller’s account

by SWIFT for the total value of the crude oil and agents nominated accounts as

stipulated in the SPA per out-turn barrel upon presentation at the counter of buyer’s

bank all the originals of the shipping documents in the buyer’s name and seller’s

commercial invoice.

NOTE 1. THE BUYER MUST AS A MATTER OF ACCEPTANCE AND CAPABILITY TO

DEAL IN THIS SEGMENT, BE READY TO SHOW EVIDENCE OF HIS FINANCIAL

CAPACITY TO PAY FOR THE CARGO/PRODUCT AT THE END OF THE DAY,

VIA REGULATED BANK INSTRUMENT FROM 50 TOP RATED PRIME BANK.

PLEASE BE GUIDED ACCORDINGLY TO KICK START THE TRANSACTION.



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NOTE 2. FINAL PAYMENTS SHALL BE MADE VIA MT103 BY SWIFT WIRE TRANSFER

DIRECTLY TO THE SELLER’S BANK ACCOUNTS AND COMMISSION AGENTS

AS STIPULATED IN THE SALES AND PURCHASE AGREEMENT AFTER Q&Q

BUYER PORT OF DISCHARGE.

This is special offer but Note that “the above discount could change on every Monday (London Time) based on the global crude market price fluctuation” we offered this based on OFF-OPEC CRUDE OIL. ONCE the Contract is signed then the Gross/Net Discount figures REMAIN CONSTANT during Contracts Term for 1year DURATION PERIODS OR AS AGREED THIS OFFER IS VALID FOR 90DAYS (THREE MONTHS) CALENDAR DAYS FROM THE DATE STATED ABOVE. Thanking you for your cooperation and understanding. Thanks

Engr. UFOMBA, Gabriel Chinedu,

CEO-Managing Director,


Oil & Gas Consultant/Mandate With NNPC/JVOPS Sellers Both OPEC & OFF-OPEC

Sellers With (COMD) No. 10 Nzimiro, Amadi Flat Old G.R.A,

Port Harcourt, Rivers State, Nigeria

"Exploring Global Opportunities Is Our Every Day Duty, We Go Global"



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