JP54-SPOTS-PRINCIPLE TO PRINCIPLE PROCEDURE-SGS & TANK RECEIPT UPFRONT (Offer to Buy)
Trade Lead Description:
N-OVATIVE OIL, INC. is Buyer Representative
and our buyer is looking for JP54 SPOTS.
JP54
FOB Rotterdam or Houston
Quantity
500k BBLS to 10M BBLS
Platt Minus Pricing Net to Buyer, will
Consider offers at a Fixed price. Seller Pays his people & Buyer Gets
Net Price. Buyer Will Not Pay Commissions.
PROCEDURES
1) Buyer & Seller Conference Call
2) Buyer Sends ICPO with Full Banking
(Top 25 Bank) to the seller (No Soft Probe) 3) Seller issues Draft Contract within
24 hours
4) Buyer and Seller Sign Contract and Lodge
with Banks
5) After Contract Lodging Sellers Bank will
send SGS Report & Tank Receipts
6) Buyer Verifies Proof of Product & Pays for
Lift Able product via MT 103/23 & Non-
Transferable RDLC for any product not
lift able
We will Consider Contracts that have an
Immediate Spot Lift.
!!! WARNING !!!
We will not deal with brokers. Only serious
Sellers & their Mandates are welcome to
inquire. If found out that Sellers, Buyers, or
Brokers are Falsifying their positions or
Committing acts of Arbitrage extreme legal
action may be the result Posted from US - Nevada on 27 November, 2009
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