BONNY LIGHT CRUDE OIL: CIF DELIVERY SPOT DELIVERY: Vadinar,...
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BONNY LIGHT CRUDE OIL: CIF DELIVERY
SPOT DELIVERY: Vadinar, (Jamnagar) India

2,000,000 BBLS SPOT SHIPMENT

CLAUSE 6 – PRICE
6.1 The price shall be determined by the average of the three days around the Unloading date (the day before, the day of Unloading and the day after) referred to in Platt’s publication heading: DTD BRENT.

The Official Net Platt discount is minus - 2.00USD Per BBL NET To Buyer

6.2. The Buyers and Sellers agree that the loading port shall be Bonny Terminal, Bonny Rivers State Nigeria or as directed by NNPC.

ALL COMMISSIONS SHOULD BE PAID BY SELLER

6.3. Price referred to throughout this agreement shall be paid in U.S. Dollars.

PROCEDURES

1. Contract is signed by both parties with full banking details. The said contract is lodged with their respective banks

2. Seller issues PPOP:



· Bill of Laden

· Ullage Report

· Cert. of Origin

· Master Receipt for Cargo

· Cert. of Quantity

· Cargo Manifest

· ATS (From Title Holder)



3. Buyer nominates SGS India to conduct inspection of the cargo. Seller issues ATB/DTA.

(When Seller provides ATB/DTA, the Buyer will provide details of the port of discharge. When clearance is secured and vessel moves into the port, before SGS will be allowed to come on board and perform analysis.)

4. Seller instructs vessel captain to issue ETA (Estimated Time of Arrival) by email/fax to Buyer and its agent identifying cargo on board and certifying ability to deliver to buyer upon seller's instructions.

5. Buyer procures clearance (3 Days Laycan) for vessel to enter jurisdiction

6. Seller sends his vessel to Buyer’s the Port of Vadinar (Jamnagar), India and provides ATB/DTA.

7. Buyer performs Dip Test at Port of Discharge.

8. Q&Q Report is received and within 24-48 hours Buyer issues a Bank Confirmation to Pay from the Buyer Bank to the Seller Bank as guarantee of payment after discharge

9. Seller unloads vessel. Upon completion of unloading, THE BUYER’S BANK AFTER RECEIPT OF THE COMPLETED SHIPMENT DOCUMENTS (LISTED IN PAYMENT TERMS INCLUDING ALL DOCUMENTS REQUIRED TO PASS GOOD TITLE) MAKES IMMEDIATELY PAYMENT TO THE SELLER’S BANK BY SWIFT MT103/TT WIRE TRANSFER PAYABLE 100% in exchange for the Title to the Buyer and simultaneously remits all commission and fees due and payable under the Contract.
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  • Дата создания
    27 февраля 2014

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