BONNY LIGHT CRUDE OIL (BLCO)

Description

 a vessel to long distance is 2mil bbl 
PROCEDURE
*  BUYER  LOI  
* SELLERS PURCHASE AGREEMENT(SPA) 
 *SELLER AND BUYER SIGN CONTRACT  WITH FULL BANKING DETAILS ; 
*BUYER SENDS NOR/ ETA  FORMAT AND DETAILS OF BUYER SHIPPING AGENT AND INSPECTORS
*BUYER ISSUE SBLC/ DLC TO SELLERS ACCT / UPON  CONFIRMATION SELLER WILL POST 2% 
  PERFORMANCE BOND.
*NNPC  REASSIGNED SPOT/ CIF PRODUCT ORIGINAL FULL CARGO AND WARRANTY DOCUMENT    DIRECT TO BUYERS BANK 
* SELLER INSPECTS CARGO 
*BUYERS INSTRUMENT BECOMES CASH KTTMT**3  COVERING CARGO WITHIN 4 HRS - BUYERS BANK RELEASES SWIFT