http://www.nairaland.com/1013002/q-q-before-buyer-
Post# of 22940
Posted On: 08/15/2016 2:58:01 PM
http://www.nairaland.com/1013002/q-q-before-buyer-posts
"Genuine Crude oil seller is here and we are looking for serious crude oil buyers all over the world and also investors who are willing to invest in crude oil...we are not time waster and we do not welcome time wasters. We sell BLCO (Bonny Lite Crude Oil), FLCO (Forcadoes Lite Crude Oil), AGO(Automobile Gas Oil) which is also known as diesel, PMS (Premium Motor Spirit) also known as Petrol etc. We work with all buying procedures, CIF, TTT, TTO and FOB. We work with top banks in the world which makes it smooth for us to charter a tanker or vessel and load for our buyers, we take care of all logistics and bring the product to the buyer depending on the procedure....all we require is a Proof Of Fund through bank to bank and we provide your product for you. We sell all quatity ranging from 5000mt to 10milliom barrels."
http://www.rebco.us/documents.html
"PROCEDURE for the purchase REBCO, D2, Mazut M -100:
1. Buyer issues Irrevocable Confirmed Purchase Order (ICPO) to the Seller’s Mandate.
2. Seller’s Mandate issue Full Corporate Offer (FCO).
3. Buyer should sign/seal FCO and send it back. Then Buyer sends Bank Comfort Letter (BCL) confirmation by SWIFT via MT-799 to Seller’s Bank referring to issued ICPO.
4. Seller's Bank sends SWIFT message to Buyer's Bank of Seller being ready, willing and able to issue Proof of Product (POP) from Russian Supplier within (6) Banking days and to provide Performance Bond (PB) after receiving BCL by SWIFT from Buyer’s Bank.
5. Seller issues electronic version of the Contract for the Buyer’s agreement.
6. The Seller/Buyer issues the copy of the Contract with their Banks.
7. Seller’s Bank confirms via SWIFT the POP documents:
8. The Proof of Product consists of the following:
- Copy of License to export issued by the Russian Ministry of Energy.
- Copy of Approval to export issued by the Russian Ministry of Justice.
- Copy of Statement of Availability of the Product.
- Copy of the refinery commitment to produce the product.
- Copy of the Charter Party Agreement(s) to transport the product to discharge ports.
- Copy of the Banking Passport of the Bargain
- Copy of the Contact with AK “Transneft” to transport the product to the port.
9. The Buyer’s Bank issues non-operative financial instrument to the Seller’s Bank.
10. Seller’s Bank issues the 1,5-2% Performance Bond (subject to financial instrument of the Buyer) which shall automatically operate the financial instrument.
11. The first delivery is performed according to the agreed delivery schedule. Both, the Seller and the Buyer agreed upon the delivery schedule for subsequent month shipments.
12. Within 35 days the Seller makes the first delivery under the present Contract terms and conditions."
"Genuine Crude oil seller is here and we are looking for serious crude oil buyers all over the world and also investors who are willing to invest in crude oil...we are not time waster and we do not welcome time wasters. We sell BLCO (Bonny Lite Crude Oil), FLCO (Forcadoes Lite Crude Oil), AGO(Automobile Gas Oil) which is also known as diesel, PMS (Premium Motor Spirit) also known as Petrol etc. We work with all buying procedures, CIF, TTT, TTO and FOB. We work with top banks in the world which makes it smooth for us to charter a tanker or vessel and load for our buyers, we take care of all logistics and bring the product to the buyer depending on the procedure....all we require is a Proof Of Fund through bank to bank and we provide your product for you. We sell all quatity ranging from 5000mt to 10milliom barrels."
http://www.rebco.us/documents.html
"PROCEDURE for the purchase REBCO, D2, Mazut M -100:
1. Buyer issues Irrevocable Confirmed Purchase Order (ICPO) to the Seller’s Mandate.
2. Seller’s Mandate issue Full Corporate Offer (FCO).
3. Buyer should sign/seal FCO and send it back. Then Buyer sends Bank Comfort Letter (BCL) confirmation by SWIFT via MT-799 to Seller’s Bank referring to issued ICPO.
4. Seller's Bank sends SWIFT message to Buyer's Bank of Seller being ready, willing and able to issue Proof of Product (POP) from Russian Supplier within (6) Banking days and to provide Performance Bond (PB) after receiving BCL by SWIFT from Buyer’s Bank.
5. Seller issues electronic version of the Contract for the Buyer’s agreement.
6. The Seller/Buyer issues the copy of the Contract with their Banks.
7. Seller’s Bank confirms via SWIFT the POP documents:
8. The Proof of Product consists of the following:
- Copy of License to export issued by the Russian Ministry of Energy.
- Copy of Approval to export issued by the Russian Ministry of Justice.
- Copy of Statement of Availability of the Product.
- Copy of the refinery commitment to produce the product.
- Copy of the Charter Party Agreement(s) to transport the product to discharge ports.
- Copy of the Banking Passport of the Bargain
- Copy of the Contact with AK “Transneft” to transport the product to the port.
9. The Buyer’s Bank issues non-operative financial instrument to the Seller’s Bank.
10. Seller’s Bank issues the 1,5-2% Performance Bond (subject to financial instrument of the Buyer) which shall automatically operate the financial instrument.
11. The first delivery is performed according to the agreed delivery schedule. Both, the Seller and the Buyer agreed upon the delivery schedule for subsequent month shipments.
12. Within 35 days the Seller makes the first delivery under the present Contract terms and conditions."
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