Sell BLCO and Forcados
Uptown Oil Enterprises is willing to do business with any genuine crude oil seller for Bonny light crude oil (BLCO), Forcados sweet crude oil or Aqua light (Qua Iboe) as long as they are able, willing and ready and most of all they must be willing to release our preferred POP type.
Proof of product is the first thing we require from any willing crude oil seller that wants to work with us. We will not accept SPA of any form before POP. Please do not send us SPA or even NCNDA form before you release POP because it will never ever work. There is a preferable POP we accept, anything other than our preferred POP will be rejected. We can accept any of the following POP below.
1. Loaded vessel documents which is not more than 2 days old. If the documents are not current (more than 2 days old) we will not accept it. The loaded vessel documents should including the following:
i. ATB. We will want to see the ATB issued to the initial buyer (consignee) whose the vessel was issued in his name. The name on the ATB must match with the name on other documents named above. If the ATB is more than 2 days old, it automatically means the vessel is no longer available. We will not accept outdated loaded vessel documents.
ii. Certificate of quality.
iii. Certificate of origin
iv. Cargo manifest
v. Vessel ullage report
vi. Certificate of quantity.
vii. Bill of lading
viii. ATS from NNPC
In most cases, we may require the seller to release the name of the vessel, location of the vessel, IMO name, call sign and other vessel details. This is usually needed to track and ascertain the availability of the said loaded vessel.
2. The second thing we require as POP from any AWR seller before we can begin to trade with him is Lifting Lease/License, Offer Letter or Authority to Sell (ATS) from NNPC. This must be in a paper format and on NNPC company letterhead. We can accept a scanned copy of the said document and it must be certified, valid, authentic and verifiable. It must contain the issued date and expiration date. It must be signed. Please do not send us any fake ATS or Lifting Lease. We verify all POP documents sent to us and we will not fail to report to EFCC if any POP documents sent to us by a seller turns out to be fraudulent. We take this seriously and all defaulters should be ready to answer questions at EFCC.
These are the only two types of POP documents we accept. We will not accept POP references. If you are a seller and you do not have any of our preferred POP, please do not contact us. We will only attend to sellers who meet our POP requirements.
Once we receive our preferred POP, we will go ahead to verify it and if it turns out to be valid and genuine, we will move it to our AWR buyer to do his own verification. After successful verification and acceptance by our buyer, the next thing is signing of SPA and the seller’s procedure for selling of BLCO will be followed accordingly.
Any seller who is ready to work with us should read through these terms of conditions and abide with it. Please send the POP requirements using the form below. You should use PDF to attach all the documents as one and upload it using the option provided below. If the document is in microsoft word (doc, docx), image (jpg,jpeg), move all of them to microsoft word and convert it to pdf using this pdf converter tool (FreePDFConverter or PDFOnline)