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10KMT OF AUTOMOTIVE GAS OIL FOR TANK FARM DELIVERY TO LAGOS

  • Nigeria Nigeria  
  • Quantity Required: 10000 Metric Ton
  • Annual Purchase Volume: 60000 Metric Ton
  • Last Updated:
    Posted on: 22 Jul 2021

  • Buying Frequency: Monthly
  • FOB Unit Price (USD): 155 Metric Ton
  • Payment Terms: T/T
  • Shipping Terms: TANK FARM DELIVERY
  • Destination Port: LAGOS

RFQ Details

TANK FARM DELIVERY TO LAGOS.

1. SELLER ISSUES A SIGNED SPA BY ELECTRONIC MEANS, BUYER SIGNS AND
BOTH PARTIES LODGE IN RESPECTIVE BANK. THE ELECTRONIC SIGNED
COPIES ARE LEGALLY BINDING AND ENFORCEABLE ON BOTH PARTISES AND
ALSO SEND TO THEIR INDIVIDUAL BANKS.

2. AFTER SIGNING OF SPA CONTRACT, BUYER SENDS THE MARINE NOR/ETA AND ATB FORMATS AND DETAILS OF BUYER'S TEAM (SUPERCARGO AND INSPECTOR).
SELLER WILL ISSUE MATB TO BUYER'S TEAM TO BOARD PREGNANT VESSEL AND CONDUCT Q&Q ANALYSIS AND SEND REPORT TO BOTH PARTIES TO CONFIRM THE PRODUCT SPECIFICATIONS ARE APPROPRIATE AS NNPC/ DPR EXPORT GRADE. BUYER'S SUPERCARGO STAYS ON BOARD VESSEL.

3. AFTER QNQ ANALYSIS HAS BEEN CONFIRMED, BUYER SENDS THE FOLLOWING
DOCUMENTS TO SELLER:
a) THROUGHPUT AGREEMENT,
b) VALID TANK FARM CONTACT DOCUMENTS
INCLUDING RECEIPT IF LEASED WITH DETAILS INCLUDING ADDRESS, EMAIL AND PHONE NUMBERS AND DETAILS OF TANK FARM MANAGER.

4. SELLER’S BANK CONTACTS BUYER'S BANK RELEASING PROOF OF PRODUCT TO SELLER FOR BUYER TO CONFIRM OWNERSHIP OF PRODUCT AND INSTRUCT HIS BANK TO ISSUE MT103 Instrument (Blocked Fund) OR RELEASE 50% OF TOTAL VALUE OF CARGO TO SELLER.

5. SELLER CONFIRMS BUYER'S BANK MT103 INSTRUMENT (Blocked Fund) OR 50% PAYMENT, INSTRUCTS VESSEL CAPTAIN TO ISSUE NOR/ETA TO TANK FARM MANAGER IMMEDIATELY.
MANAGER CONFIRMS, ACKNOWLEDGES THE NOR RECEIVED AND RESPOND FOR THE CARGO LADEN VESSEL TO COME IN. SELLER SAILS VESSEL TO
BUYER'S TANK FARM JETTY.

6. ON ARRIVAL AT THE BUYER'S AGREED TANK FARM, CAPTAIN ISSUES CLEARANCE IN READINESS TO BERTH PREGNANT VESSEL TO DISCHARGE PRODUCT INTO BUYER'S STORAGE FACILITY.
DIPPING CONDUCTED AFTER SETTLEMENT TO DETERMINE ACTUAL
QUANTITY RECEIVED IN STORAGE FOR INVOICING.

7. BUYER PAYS SELLER TOTAL VALUE OF CARGO AND ALL FACILITATOR'S ACCOUNT NAME AND NUMBER PROVIDED IN THE SPA LESS 50% PREVIOUSLY PAID.

GSM-07034421280