If you review the procedure of the team of our seller, it looks fair enough to the two parties, that is the buyer and seller. Requests like we need documents of loaded vessel first before we issue any instrument will not be entertained. Any serious person knows that before a seller goes ahead to load vessel with crude oil, he must be certain that the buyer can pay for it.
The procedure are standard NNPC procedures. If you adhere to this procedure, you are assured of getting product from us. The seller will only ask for proof of fund to determine if the buyer is capable of paying for his requested crude and no upfront payment of any kind will be asked for. Payment is made after satisfactory QnQ by the buyer’s inspectors. We will not accept any buyer’s procedure. Any buyer who can not follow our procedure should not border to disturb, rather he should look for another seller.