Bonny Light Crude on FOB Basis!
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2Million Barrels Per Month X 12months
$1.00 Seller Agent (CLOSED) sorry!
$1.00 Buyers Agent
Procedures for Bonny Light Crude Oil on FOB basis:
7 Buyer issues LOI
7 Execution of Contract.
7 Reassignments of Allocation/Laycan by NNPC by fax or Email.
7 Nomination of Vessel/Charter Party Agreement.
7 Confirmation of Loading by Captain of Vessel.
7 Placement of Bank Guarantee.
7 Vessel departs to Buyer's port of discharge.
7 Upon confirmation of quality and quantity by any independent inspector, payment is made.
**THIS IS NOT AND WILL NOT BE A PERFORMANCE BOND**