SOURCING FOR FORCADOS LIGHT CRUDE OIL FROM NIGERIA

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SOURCING FOR FORCADOS LIGHT CRUDE OIL FROM NIGERIA

Foraminifera, a business development firm in the petroleum sector of the Nigeria economy, hereby express our desire to work with end buyers of Nigerians Forcados light crude oil, in the sourcing and sales of the product through reliable sellers in order to remove the difficulty associated with the business.

Below is our standard procedure for a successful completion of the transaction.

Product: Standard Export Grade Nigerian Forcados Light Crude Oil {FLCO}

Trade Model: Tanker to Tanker {TTT} / Tanker Take Over {TTO}

Price: A reflection of the prevalent price. It is in dollars or naira, the official legal tender in Nigeria.www.farriconsultingng.blogspot.com

Payment: DLC, reinstated either per shipment or monthly. DLC cannot be divisible. DLC can be transferable one time only, if the transferee is specified, with banking, in the SPA.

Commission: Buyer strongly discourages fees that the total is greater than $2. Buyer strongly discourages more than two groups; sellers’ side and buyers’ side and the fee should be 50/ 50.


Procedure {TTT}:

1. Seller signs SPA

2. Buyer signs SPA

3. Buyer sends CPA, Q88 and ATL

4. Seller’s vessel master sends NOR to the buyer’s vessel master

5. Buyers issues a DLC to the seller for the payment of the product

6. Buyers vessel master send ETA to the sellers vessel master

7. Both vessels meet for trans-shipment. Transfer of crude takes place and the total time required for the entire cargo to the transferred shall not exceed eight {8} days.

8. Buyer undertakes Q and Q inspection during transfer

9. Documentation formalities completed by buyers’ vessel master including Q and Q inspection. Shipping and Q and Q documents are faxed and sent to the buyer and his bank.

10. Seller provides invoice based on actual barrels transferred. Buyer’s bank upon confirmation and verification of shipping documents send payments by swift wire transfer to sellers and paymasters banking account as stated in the SPA.


Procedure {TTO}:

1. Seller signs SPA

2. Buyer signs SPA with ATB and supercargo details

3. Seller issues ATB

4. Buyer conducts Q and Q

5. Buyer issues a DLC to the seller for the payment of the product

6. Documentation formalities for the re-chartering of the vessel is completed. Shipping and Q and Q documents are faxed and sent to the buyer and his bank.

7. Seller provides invoice based on the Q and Q. Buyer’s bank upon confirmation and verification of shipping documents send payments by swift wire transfer to sellers and paymasters banking account as stated in the SPA.

Under arrangement we can also arrange for the loading of the product from the terminal.

Going forward, do contact us at enquiries@foramfera.com for our mandate letter to enable us start work with your firm. You can read through our website at www.foramfera.com or blog www.farriconsultingng.blogspot.com for other investment opportunities in Nigeria.


Anaekwe Everistus Nnamdi is a Business Development Consultant by day and blogs on investment opportunities in Nigeria by Night. He is the administrator of www.nigeriabusinessplace.com ,a forum focused on business in Nigeria.

To contribute / promote your business and read about other investment opportunities from other writers and organizations, register on the forum.

Visit his inspiring and educative blogs at

www.farriconsultingng.blogspot.com
www.propertyforsaleinnigeria.blogspot.com


You can reach the writer on + 234 {0} 8033782777, +234 {0} 7082530855 or
enquiries@foramfera.com