We under penalty of perjury hereby issue this Soft Corporate Offer with full power and authority with given terms and conditions and confirm our readiness to execute a Full Corporate Offer and then straight to sales and purchase Agreement with end buyer, with the ability to supply the following commodity according to the terms and conditions stipulated in this soft corporate offer.
Commodity: NIGERIAN BONNY LIGHT CRUDE OIL
Delivery: Up to 2,000,000 Millions Barrels per month for up to 12 months on CIF.
Details to be specified in contract.
14.1. Seller issues draft contract, signed and sealed to the buyer.
14.2 Buyer sign, seal and return to Seller, with SPA lodged to
Buyer's Bank. Seller lodges the same with his Bank. The electronically
signed and sealed contract is legally binding and enforceable.
14.3. Buyer’s Bank SWIFTS to seller’s bank a ready willing and Able
(MT799 RWA) stating that
buyer’s Bank has the ready finances/funds for the transaction. AND
Seller's bank SWIFTS, WITH FULL BANK RESPONSIBILITY IN MT799 RWA
FORMAT, stating seller’s Bank is in possession of verified documents
as and Ready, willing and able to present 2% PB and start the
procedures of the SPA, over to Buyer's bank.
14.4 Within three banking days of receipt of Buyer’s Bank RWA,
Seller’s Bank shall send to the Buyer’s bank (in bank to bank system)
the pro-forma Invoice supported with respective copies of Platts
quotations proving invoice value plus a non-operative Performance Bond
covering 2% of the invoice value and verifiable POP documents.
14.5 Buyer's Bank within 3 (Three) banking days after receipt and
verification of PB and POP Documents issues operative
Non-transferable Documentary Letter of Credit (DLC) to Seller's Bank
in favour of Seller which activates Seller’s Performance Bond
14.6 The Seller within 5 (five) banking days confirms acceptance of
Buyer’s DLC nominates a vessel and notify the Buyer for acceptance.
14.7 Within 3 (three) banking days of the vessel’s acceptance by the
Buyer, the Seller provides the electronic copies of the ASPATANKVOY
Charter party agreement, available shipping documents and information
on the loaded Cargo vessel for the buyer’s independent check as to the
form of issue.
14.8 Upon confirmation of shipping documents’ approval by the Buyer as
issued in correct way by the Seller, the loaded ship sets off sailing
to Buyer's Destination.
14.9 Upon Vessel arrival at Destination, the Cargo shall be inspected
by the Buyer's designated inspectors for Q & Q and product
verification before the Cargo shall be discharged.
14.10 Upon Verification and confirmation of the product after full
discharge, the Buyer’s bank shall settle payment with the Seller by
Swift against the shipping documentation as per contract.
Interested Refineries or Mandates are invited.Kindly summarize and document your interest for further communication)
Tel:+234 814 121 8877