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Sell OFFER BLCO FOR 2MILLION BARRELS 2%PBOND

Sell OFFER BLCO FOR 2MILLION BARRELS 2%PBOND

    

Sell OFFER BLCO FOR 2MILLION BARRELS 2%PBOND
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Date Posted : 2009/02/12
Category : Energy > Petrochemical Products > Other Petrochemical Related Products
Offer Type : Sell
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Godswill Oil Consulting Ltd

Membership Type : Free member
Registration Date : 2009-02-11
Country/Region : Malaysia Ukraine
Address : udviga svodi 51a kharkiv kharkiv, Ukraine
Phone : 380-80-633362278
Fax : 380-80-null
Contact : GODSWILL GABRIEL

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PERFORMANCE INDEMNITY AGREEMENT
SELLER AND BUYER of Petroleum Products, of NNPC Import/Export Standard Grade, and NNPC Technical Specifications do indemnify each other as follows: the buyer or seller will pay the sum of ;N10,000,000 {Ten Million Naira} only to With full corporate and legal responsibility, we hereinafter referred to as the other party.
1.        Buyer and seller signs SPA.The electronically signed documents will be accepted as a legal binding document even when both parties request for the hard copy.
2.        Buyer releases his vessel CPA ,Q88,ATL addressed to the seller and vessel handlers details.
3.   Seller confirms buyer’s funds
4.        Seller loads, issues NOR to buyer’s captain. Buyer’s vessel replies with ETA.

5.        Upon long/side buyer’s independent inspector boards seller’s vessel and confirm  Q/Q of cargo in sellers vessel Discharge into buyer’s vessel takes place as provided by buyers quantity shall be determined by out-turn barrels from the carrier after adjustment for temperature corrections to 60 degrees Fahrenheit, utilizing applicable volume corrections tables. Normal industry practice will be utilized as to de-escalation of price, when applicable, as to quality and quantity. This result/the discharge certificates signed by both captains shall be sent to all parties including both seller and buyer banks.      
6.        Payment is effected to all nominated accounts on Out-Turn basis by SWIFT Transfer to all accounts including agents 24hours after discharge/outturn reports.    


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