Norway Blco is a Crude Oil product. Key specs — Origin: Norway.
Product Description
Specifications: We offer 2-10 million barrels of bonny light crude oil (blco) on ttt Procedures: Ttt 1 seller and buyer sign purchase agreement and deposit their individual original Copies of the agreement with their respective banks, if applicable.
2 seller furnishes buyer with the nnpc vessel details, confirmable POP of a Loaded cargo coded with transaction codes (ttt 48hr deal). 3 upon positive confirmation of the documents furnished by seller, buyer Provides cpa + vessel particulars to seller. 4 seller confirms vessel, exchange nor with e. T. A of buyer vessel.
5 seller post usd100,000 cash bond to buyer\'\'s bank. 6 buyer opens an irrevocable, transferable, divisible stand by letter of Credit/dlc to seller for the full worth of cargo. 7 sellers loaded vessel long-sides with buyer vessel at agreed transshipment Point as buyer issues the confirmed, irrevocable documentary letter of credit.
8 q and q test is conducted by independent inspectors approved by buyer and seller. 9 payment effected on out-turns barrel upon presentation of all relevant Shipping documents within maximum of 48hrs
