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I write to introduce myself formally to you as one of the syndicates in the crude oil business in nigeria. I am mr francis lawson, a retired naval rating from bayelsa state of nigeria(niger delta region). I saw your proposal

For sourcing to purchasing nigerian crude oil through the website stating your requirement for any potential seller who could give a performance bond. As a matter of fact i have genuine accredited suppliers of crude oil who could give a 2% p/b on FOB basis, i have also dealt with some clients in germany and the united state in the past who have disappointed me woefully simply because the our brokers and not the end buyers. In this regards i wish to know if you are the end buyer, and i also demand that i require a power of attorney from you.

Transaction of this nature which involve cooperative business relationship with outside bodies we demand for a power of attorney which will enable us to conclude some preliminary business transaction on behalf of the buyers in nigeria. Without prejudice to the power of attorney which you may have given to any nigerian or anybody for that matter, may i suggest that in view of my direct connection on oil matters in nigeria, you may consider given me the power of attorney on oil matters.

Besides, i also want to note that nnpc does not give p/b in their crude oil sales since creation just incase you require nnpc allocation. It is only individual allotees that do not give p/b presently we have an nnpc bulk allocation of 24 million barrels. I have forwarded under the transaction modalities for both nnpc allocation and individual allocation procedures.

Transaction procedures/modalities

A. Nnpc bulk allocation

I. Buyer verify allocation at nnpc/shell screen london.

Ii. Buyer/seller sign spa.

Iii. Buyer releases vessel perticulars/cpa to seller for programming.

Iv. Seller programme vessel and given laycan for loading.

V. Buyer confirms programmed vessel at nnpc/shell screen london.

Vi. Buyer issues payment instrument to seller, dlc covering the total qty.

Vii. Buyers vessel sails to loading port and must not exceed the laycan date.

Viii. Seller loads vessel at bonny terminal.

Ix. Upon conpletion of loading, qandq is conducted by an appionted inspector by the buyer.

X. Vessel is cleared to sail from the port of loading.

Xi. Funds are released immediately to the seller and the commission agents within 48hrs with all shaping documents handed over to the buyer.

Xii. Price: Less a gross discount of usd$6.00 pbb below brent shared usd$3.00 net to buyer

Commission: Buyer agent usd$1.00 pbb

Seller agent usd$1.00 pbb

Facilitators usd$1.00 pbb

B. Individual allottee allocation

I buyer verifies allocation at nnpc nigeria.

Ii as in a2 to a4 above

Iii. Buyer issues pre-advice of dlc to seller.

Iv seller issues 2% p/b to activate the pre-advice dlc.

V. As in a7 to 11 above.

Sir, if the transaction modalities as mentioned above are okay by you, kindly issue the p. O. A to me as

Soon as possible to effect this transaction immediately.
Industry FocusCrude Oil
Products/ServicesCrude oil
Our MarketsWorldwide
No. of Employees5 - 10 People
Annual Sales Range(USD)Below US$1 Million
Year Established1994
Legal Representative(CEO)mr barristerb ayo
Certificatesinformation technology
Contact Information
Company NamePetrolog Nig Ltd
Contact PersonMr eladebi sunday
Company Address#21 Dim Str Mile 3 Diobu, Port-harcourt, Rivers State, Nigeria
Postal Code23401
Telephone Number234 802 7973479
Mobile Number2348027973479
Fax Number234 01 7931662
WebsitePetrolog Nig Ltd, http://www.bizearch.com/company/Petrolog_Nig_Ltd_118704.htm
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