DERIVADOS DE PETROLEO

PROCEDIMIENTOS PARA COMPRA DE DERIVADOS DE PETRÓLEO

PROCEDURES FOR PURCHASE OF PETROLEUM

Requerimiento de  Derivados
COMPRADOR  ESPBER/MAY	COMPRADOR  ESPTEO/MAY
FUEL OIL 180 .. 500.000 MT JP Up to 5.000.000M Bbls D2 Up to 500.000MT D6 Up to 300.000MT Mazut Up to 300.000MT	FUEL OIL 180 .. 500.000 MT JP Up to 5.000.000M Bbls D2 Up to 500.000MT D6 Up to 300.000MT Mazut Up to 300.000MT Bonny Ligth  2.000.000 Barriles

En el caso de los productos derivados D2 Y JP54, expuestos con anterioridad, el procedimiento a seguir es el siguiente:

0.-  SELLLER MUST BE SEND SCO + PROFILE

1.    BUYER ISSUES ICPO WITH BANKING INFORMATION AND NCND/IMFPA

2.    SELLER ISSUES FCO TO BUYER TO SIGN AND RETURN

3.    SELLER ISSUES DRAFT SPA CONTRACT (OPEN FOR AMENDMENTS)

4.    BUYER AND SELLER SIGN AND SEAL THE CONTRACT, THE ELECTRONIC SIGNATURES SHALL BE DEEMED VALID AND ENFORCEABLE.

5.    SELLER SIGNS AND SEALS CONTRACT AND RETURNS PDF COPY TO BUYER.

6.    SELLER AND BUYER LODGE CONTRACTS WITH THEI RESPECTIVE BANKS.

7.    SELLER ISSUES COMMERCIAL INVOICE INCLUDING: FULL POP (CERTIFICATE

OF ORIGIN, TSR,SGS Q&Q, DTA,AND OTHER RELEVANT DOCUMENTS) SEND TO THE BUYER TO SIGN, SEAL AND RETURN TO SELLER.

8.    BUYER´S BANK PROVIDES PROOF OF FUNDS POF FOR THEVALUE OF FIVE

(5) MILLION BARRELS OF PRODUCT AS PER ANNEX B BY BANK COMFORT LETTER (BCL) VIA EITHER SWIFT MT199, OR EMAIL OR BY FAX BANK TO BANK

WITHIN 3 (THREE) DAYS.

9.    ONCE BANK TO BANK PROOF OF FUNDS (BCL) IS COMPLETED, THEN SELLER ISSUES THE REST OF THE BELOW POP DOCUMENTS TO BUYER FOR REVIEW

AND VERIFICATION.

10.   UPON VERIFICATION OF POP, BUYER ISSUES A MT103 AGAINST TITLE TRANSFER FOR THE FULL AMOUNT OF THE LIFT ABLE PRODUCT

11.   REMOVED

12.   BUYER’S BANK ISSUES AN INACTIVE IRDLC FOR THE TOTAL OF 600 MILLION

US DOLLARS. SELLER ISSUES A 2% PERFORMANCE BOND THAT ACTIVATES

THE IRDLC.

13.   BUYER PAYS 100% AT SIGHT WITH MT103 FOR EACH LIFT AND THE IRDLC

STANDS IN THE BACKGROUND THROUGHOUT THE CONTRACT.

14.   THE TRANSACTION IS CONSUMMATED AS PER CONTRACT.

PROCEDIMIENTO PRODUCTOS DERIVADOS D6 Y M-100,

0.- SELLER MUST BE SEND SCO + PROFILE

1.   BUYER ISSUES ICPO WITH BANK DETAILS ALONG WITH IMFPA/NCNDA.

2.   SELLER ISSUES CONTRACT + CI + IMFPA/NCNDA.

3.   SELLER BANK TO BUYER BANK ISSUES POP FOR LIFTABLE: SGS, DIP TEST

AUTHORIZARTION, TANK.

4.   BUYER SIGN AND SEAL AND RETURN CI WITH CPA/Q88.

5.   BUYER DIPS AND PAYS VIA WIRE MT103.

6.   RDLC FOR SUBSEQUENT LIFT.

7.   BUYER PAYS COMMISSIONS AS AGREED AFTER SUCCESSFUL LIFT.

8.   DELIVERY COMMENCES.

PROCEDIMIENTO DE COMPRA BONNY LIGTH

*  Bonny Light: (SPOT)/. 2.000.000 bbls x 12. En este caso es muy necesario saber que garantías se pueden aportar para que mi cliente tenga la seguridad de que se le podrá servir producto durante el plazo de 12 meses si faltar ningún mes.

En el caso de Bonny Light respecto a ofertas en TTO / . Por motivo de diversos problemas que existe en Nigeria y en especial con la NNPC, al no hacerse responsable con los problemas derivados de posibles estafas, el procedimiento seria el siguiente.

0. SELLER MUST BE SEND SCO + PROFILE

1.  Buyer & Seller sign and seal contract and exchange the signed copies by electronic mail. The electronic signed copy is considered legally binding and enforceable.

2.  Seller issues FULL POP [vessel details: Name of vessel, call sign, Imo no., vessel flag and location, Quantity of cargo loaded, Bill of lading, Performa Invoice, Certificates of Quality and Quality, ,Certificate of Origin,

Cargo Manifest, Q&Q report, CPA and Q88], Seller issues clearance and Marine ATB to buyer inspectors and Supercargo to track/verify and go on board for Q and Q at COTONU water.

3.  Buyer informs to seller ATB format and tugboat details. Buyer's inspectors/Supercargo go on board the vessel to conduct Q and Q at buyer's expense in cotonu water.

4.  After successful Q&Q analysis, Inspection, Company sends a copy of report to Buyer’s and Seller’s e-mail account. (Seller links the buyer to vessel international owner to recharter the vessel.).Etc

5.  Seller issues a commercial invoice and payment is made as per contract via wire transfer/swift MT103 into seller’s account within (24/48hrs) banking days after Q&Q and cargo documents are transfer to buyer’s name while buyer take over vessel .

6.   Vessel sails to buyers port of destination [POD].

NOTE: VESSEL CAN ONLY SAIL TO BUYERS DESTINATION AFTER CONFIRMATION OF PAYMENTS INTO SELLER’S AND INTERMEDIARIES ACCOUNTS.

Douglas Davis

President -  CEO