FOBPROCEDURE:

Pr
ice:$1
2les
s$4.
1.BuyerShal
lIssueALetterOfI
ntent(
LOI),Copyofhi
sint
ernat
ionalPasspor
t(CP)
,
Certi
fi
cateofi
ncor por
ati
onAndCl i
entI
nformati
onSheet(CI
S)ToSeller
.

2.Sel
lerIssuesDraftContract,Si
gnedAndSealedToTheBuyerwi
thhisi
nter
national
Passport(CP),Certi
fi
cat
eofi ncorpor
ationAndCli
entI
nfor
mati
onSheet(
CIS)Inclusi
ve
ofthepar ti
alproofofproduct(All
ocati
onDetai
ls)
:

3.BuyerShallSi
gn,SealAndRetur
nt hecontr
actToSellerWi
thi
ntwo(2)Banki
ngDays
with:
(i
).TheQ88andChar t
erpartyagreement(CPA)orEvi
denceofowner
shipofthe
vessel
(s)bybuyertosell
erf
orprogrammingandl oadi
ng.
(
ii
).ReleaseanAUTHORI
TYTOLOAD(
ATL)t
osel
ler(
Tobewr
itt
enonBuyer
sof
fici
al
l
etter
head) .
(
ii
i)
.Ready,Wi
ll
ingandAbl
e(RWA)f
rom hi
sbankt
oissueanNT799BLOCKEDFUNDS.

4.Withi
nThree(
3)Banki
ngDays,BuyersbankShallswi
fttheMT799BLOCKEDFUNDS
forenti
reval
ueoft
hecargot
oseller
'sf
iduci
aryaccount,f
acevalueofxxxM USD
(Vali
dForOneYear(1
)AndOne(1)day).

5.Withi
nfourteen(14)daysofr ecei
ptandconfi
rmati
onoft heMT799BLOCKED
FUNDS,Sell
ershalloffi
ciall
yprogrammebuyersvessel(
s)forl
oadingandgivethe
detai
lstobuyerforconfirmati
onandcauseal aycandat e/window t
obeissuedto
Buyerforl
oadingbyNNPC.
6.Sel
lerpr
ovi
despr
ogr
ammi
ngdet
ail
stobuyerf
orconf
irmat
ion.
7.Ter
minalnot
iceofr
eadi
ness(
NOR)i
sissuedt
obuyer
svessel
(s)t
ocomei
nfor
l
oading.
8.Sel
lercl
earsBuyersvessel
(s)
.Buyershallensuret
hathisvessel
(s)arr
iveson
ti
me/schedul
eandi savail
ableforl
oading.Andt hemaster(
s)ofHisvessel(
s)ar
e/i
s
readytoanswerwhencal ledtobeguidedintotheloadi
ngbayf orloading.
9.Uponcompl eti
onofloadi
ng,Sell
ershal
lissuetot
heBuyerhiscommer ciali
nvoice
andr el
easesoftcopi
esoftheloadi
ng/marinedocument
stobuyerint hebuyer sname.
(sof
tcopiesofloadi
ngdocument swil
lbereleasedt
obuyerforconf
irmation).The
Buyerwi l
lappendhissi
gnatur
eandsealtot hecommerci
alinvoi
ceandr eturnacopy
totheSellervi
aemail.
1
0.Thef
oll
owi
ngshi
ppi
ng/l
oadi
ngdocument
swi
llber
eleasedt
obuyer
:
A.)Bil
lOfLadi ng
B.)Certi
fi
cat eOfQual i
ty
C.)Certi
fi
cat eOfQuant it
y
D.)Certi
ficateOfOr i
gin
E.)Master sReceiptForSampl es
F.)CargoMani f
est
G.)TankerUl lageRepor t
H.)TankerTi meSheet
I.
)CustomsCl earanceCer t
ifi
cat
e
J.
)Cer t
ifi
cat eofOwner ship
K.)War r
ant yofTi t
le
L.)Authoritytosale.

11.Uponconfi
rmat
ionofloadi
ngofhisvessel(
s)byt
heBuyer
,Buyershallissuefull
paymentviaSWIFTMT1 03tosell
eraccountandpayal
lcommissi
ons.(Paymentf or
cargoandallcommissi
onshallbeeff
ectedwithi
n72hour
sby/vi
aSWI FTMT1 03).
1
2.Sel
lerconf
irmspaymentandr
eleasesal
ltheor
igi
nalcar
godocument
stoBuyer
.
1
3.Vessel
(s)ar
e/i
sal
lowedt
osai
ltoBuyer
sdest
inat
ion.
1
4.Nextl
oadi
ngcommencesaccor
dingt
omont
hlyschedul
e/t
imet
abl
e.
NOTE:
****CostofSGSr
epor
toranyot
heragentatdest
inat
ionshal
lbepai
dbybuyer
.****

****Wi
tht
her
eleaseoft
heQ&Qr
epor
t,Sel
lershal
lrel
easehi
scommer
ciali
nvoi
ce.
****

****Buyershallemai
lcopiesofal
lbanki
ngi
nst
rument
sper
tai
ningt
othi
str
ansact
iondi
rect
ly
tosel
lerendorsedbyhisbankoffi
cer
****