A.P.PLC
| About us | Do not contact if you are not the buyer/mandate. We are tired of people claiming to be buyers mandate only to find out along the way that they are just agent and want the seller to sign a ncndc in thier favour. We don't want agents only direct source to the buyer will be entertained. We can offer the buyer 1/10m/b/m for 24m. Below is our procedure. Procedure on CIF 1. Seller and buyer initial and sign the spa. 2. Buyer's bank issue to the seller's bank the buyer's bank endorsed icpo. 3. The seller's bank issues to the buyer's bank the 2% performance bond together with windows to the cargo and cpa(charter party agreetment). 4. Buyer's bank issues to the seller's bank l/c in favour of seller. 5. Seller's commence loading after confirmation of the buyer's l/c within 14 days. 6. Seller delivers products to the discharge port within 21 days after the loading date Price: Us$3.00 below the brent. Us$2.00 net to the buyer and us$1.00 to the seller/buyers mandate. Procedure on FOB 8.1 the seller provides a draft contract for the buyer's approval. 8.2 the buyer and the seller agree on the draft contract format, sign and seal. Hard copies are then exchanged. 8.3 buyer pays the programming and reassignment fee to ppmc account, through a letter of undertaking or letter of credit(l/c) to be made payable 48 hours(forty eight hours)after all documents are with european bank. Letter of undertaking to be opened immidiately before reasignment and programming commences.. 8.4 seller reassigns product to reflect buyer's name and allow confirmation by buyer on the shell london screen 8.5 within 7 days after seller has provided and buyer has received and approved the following documents: - A. Programming on shell screen indicating buyer's name inclusive of 3 day loading widow. B. Programming by nnpc operations C. Details at lloyds, london The seller also to provide and the buyer to confirm the receipt of and approval of the following: A. Allocation number B. Export license number C. Reference number Thereafter the buyer will open an irrevocable documentary letter of credit in favour of the seller and other beneficiaries as specified in clause 7.1 of the agreement. 8.6 vessel will be called in for loading. Inspectors conduct quality and quantity inspection before and after the actual loading and endorsed by the vessel captain. 8.7 full documents are collated and presented to buyer's bank. 8.8 payments are made by swift wire transfer directly to the nominated bank accounts within 14(fourteen) days after presentation of stated documents at buyer's bank. 8.9 price: Us$5.00 below the brent. Us$4.00 net to the buyer and us$1.00 to the seller/buyers mandate. Agent pleae do not contact we will deal with only serious buyers who have viewed our procedure and ready to do bussiness. We are still searching for the buyer that can prove us wrong. |
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| Industry Focus | Crude Oil |
| Business Type | Trading Company |
| Products/Services | Blco crude oil, crude oil |
| Our Markets | Worldwide |
| No. of Employees | 5 - 10 People |
| Annual Sales Range(USD) | US$5 Million - US$10 Million |
| Year Established | 1964 |
| Legal Representative(CEO) | MCANDREW |
| Certificates | RC NO 32660 |