Bonny Light Forcados (Nigeria)

Letter of intent to supply bonny light forcados Tanker to tanker ( spot lifting) Procudure to follow 1. The buyer and the seller sign the contract. 2. The seller issues stand-by lc from top western bank for usd $100,000 to buyers bank to insure sellers feeder vessel arrives for ttt. 3.

The seller provides the buyer with the call sign, captain\'\'s name and other relevant coordinates of his feeder tanker with proven certification for the cargo verified by buyer. 4. The buyer instructs his bank to issue a documentary letter of credit open in favour of seller this dlc will contain feeder vessel name, call sign and captains name. 5.

Within 12/48 hours, buyer responds with his mother vessel establishing direct communication link with the seller\'\'s vessel and is guided through to a safe and secured discharge point. 6. The buyers vessel is at the discharge point and meets the feeder tankers. 7. The tanker-to-tanker transfer would take place. 8.

An independent sgs inspector appointed by the buyer monitors the transfer of cargo, ascertains the quality and quantity and reports back the same to the buyer and the seller. 9.

Crude oil as per q&q report and other documents as per the documentary letter of credit will be paid at the counters of the buyers bank in full within 72 hours of the transfer of the cargo into the buyers vessel. Require this. Please if you are interested contact us for more information on