Avaliability of Direct Seller of BLCO – Tavoniko Group Limited
Note: We no longer work with Tavoniko Group Limited
The price at us for bbl Net-1,5/Gross-2$ Discount.
Conditions CIF.
We are JV partners of joint venture with NNPC. If your Buyer accept the price and prepare LOI, then we are ready to prepare FCO for Buyer company. FCO that will receive will be fully checked security service; we understand the concerns of all Buyers so we try to satisfy the conditions of each!
In the FCO will be specified Transaction Reference Number and the number of our JV Contract with NNPC. You can check it out by calling absolutely any office NNPC.
After approval and signing of the FCO, Buyer will be able to call with an officer of our bank for confirmation. The monthly quantity of crude oil that we can deliver is a minimum of 4,000,000 bbls maximum of 8,000,000 bbls.
Specifications: Standard and export grades of Bonny Light
Origin: Nigeria.
Quantity: 48.000.000 bbls (+/-5%).
Contract terms: 1 year up to 5 years.
Monthly delivery: 4.000.000 bbls per month (+/-5%).
Destination: CIF
Single shipment: TBA.
Inspections: SGS Inspections.
First delivery: The first delivery within 3 days after financial instrument.
Price: Platt’s McGraw Hill 1,5$ Net/Gross -2$ USD
Commission: USD 0.5$ Split 50/50
Procedures CIF
1. Buyer issues LOI to Tavoniko Group Ltd
2. Seller issues Full Corporate Offer to the Buyer Name
3. Buyer signs and stamps FCO accepting it duly and thereby creating an enforceable Contract.
4. Buyer and Seller sign, seal and exchange copies of this Contract / S.P.A and IMFPA, lodging with banks.
5. Buyer issues BCL/ RWA or POF bank to bank only to the SELLER per instructions.
6. Seller provides initial Proof of Product Seller moves vessel to TOGO
7. Buyer may elect to board their own supercargo, order independent Q & Q report etc. Seller will provide SGS report.
8. Upon verification of Cargo Q & Q. Buyer’s bank shall issue by swift,
confirmed, irrevocable, transferable and divisible RDLC to Seller’s bank in favour of Seller to one month cover the cost of cargo. (Terms CIF Incoterms 2000)
9. Starting 72hours after Seller’s bank confirms receipt of this issued payment instrument will provide all documents in the sales and purchase agreement including complete proof of product to the Buyer’s Bank consisting of the following:
a. Bill of Lading
b. Cargo Manifest
c. Certificate of Authenticity
d. Certificate of Quantity
e. Certificate of Quality
f. Master Receipt of Samples
g. Ullage Report
10. Sellers bunker vessel(s) will have the Capt. /s issue ETA to buyer’s pod and set sail to the said port of discharge. During this voyage the captain(s) shall be allowed to open controlled communication with buyer and the buyer must have constant direct 24/7 communication with the seller until the vessel(s) in voyage berths at the pod and cargo discharged into buyer’s receiving / storage facility and payment confirmed.
11. Delivery of days, will be depends on destination. Seller authorizes master of his loaded vessel to issue MARINE NOR to Buyer’s discharge port facility/receiving vessel (this NOR shall legally commit the vessel and the Buyer’s disport facility).
Disport Manager or vessel Master shall, after due confirmation of the issued NOR, acknowledge receipt and confirm readiness to receive cargo on behalf of the Buyer (he shall do so in writing and forward to Seller’s Captain and the Seller by email)
12. Upon arrival at Buyer’s disport and within 24hrs of arrival thereat allow for Q&Q certification inside the vessel in berthed position at POD. Vessel shall discharge cargo into Buyer’s ready and waiting mother vessel or receiving tank farm soon afterwards.
13. Buyer shall ensure that all support equipment and machinery necessary for the discharge operation is available, ready and functional within the same 24to 48 hrs of vessel arrival. The Buyer shall ensure safe tug-in berthing and tug-out to International waters after discharge. Buyer shall be responsible for inward and outward custom clearance, etal. Seller allows a tolerance delay period of 24to 48 hrs after arrival: further delay attracts payment of $70,000.00 per day as cover for demurrage and shall subsist for 7 days; thereafter, the Buyer’s bank shall make payment to the Seller based on the Q&Q report at off load port and Seller’s commercial Invoice. Payment shall also be made for the demurrage amount accrued every 7days.
(1) Within 24hrs after berthing, Buyers Inspectors shall carry out Q&Q certification inside the vessel and issue the report to both the Seller and the Buyer. Discharge of cargo into Buyer’s storage facility shall be affected and concluded within 24-72hrs.
(2) The Seller shall collate all cargo and marine documents and swift same to
Buyer/Buyer’s bank for payment. Buyer’s bank shall within 24hrs of receipt of all the transaction documents as enumerated in the SPA, SWIFT ALL PAYMENTS to the Seller.
(3) The BUYER shall be responsible for the bank charges due from all payments.
Banking fees clarified:
a. Buyer pays their respective banking fees.
b. Seller pays their banking fees.
Place your request if you are ready to work with this direct Seller at Buy Crude Oil