Crude Oil (Nigeria) is a Crude Oil product. Key specs — Origin: Nigeria.
Product Description
See procedure bellow if interested. Only buyes or their mandates are to contact mcif procedures: 1: Seller/buyer exchange loi/fco 2: Buyer accept & sign/return fco with icpo 3: Seller issue draft contract and forward it to buyer for review/signature.
4: Seller charters vessel and issues to buyer cpa, q88 and a written confirmation from vessel owner under name of buyer. 5: Upon vessel verification, bank of the buyer issues letter of undertaking (lou) equal to cash value of monthly shipment. 6: After buyer confirmation/acceptance of vessel, seller under 72 hrs load vessel and notify buyer or his agent.
7: Seller conclude loading and forward to buyer q&q with b/l and any other relevant document as required. 8: Buyer issues non transferable, non divisible, dlc in favor of seller. 9: Seller vessel sail to buyer destination to discharge cargo. Q&q at discharge port on account of buyer. 10: All other terms/conditions as per contract.
