Genuine Sellers only will be accommodated. We do not accomodate fake offers. Do not ask for BCL / BG / SBLC or POF before POP in Secondary contracts under CIF / FOB Terms. We do not accomodate TTT Contracts or Spot Offers. Seller to accept or provide similar sequential procedures in order to progress further. Quantity: 2-4, 000. 000 barrels per month Contract duration: 12 months, with possible extensions Quality: NNPC export standard Delivery: CIF or FOB Price: 3 days average, the day before, the day of and day after B / L mean quotation for platt CIF Discount: Us $5, 00 gross and us $3. 00 net pbbl. FOB Discount: UD $6. 00 gross and US $4. 00 net pbbl. Commission: 50 / 50 Seller and Buyer's side. Payment: Irrevocable, non transferable, non divisible, revolving DLC. Inspection: SGS / Saybolt at Loading Port / Discharge Port. CIF PROCEDURES: 1: Seller / Buyer Exchange LOI / FCO 2: Buyer Accept & Sign / Return FCO with ICPO 3: Seller Issue Draft Contract and Forward it to Buyer for review / signature. 4: Seller charters Vessel and issues to Buyer CPA, Q88 and a written confirmation from Vessel owner under name of Buyer. 5: Upon Vessel verification, Bank of the Buyer issues Letter of Undertaking (LOU) equal to cash value of monthly shipment. 6: After Buyer confirmation / acceptance of Vessel, Seller under 72 hrs load Vessel and notify Buyer or his agent. 7: Seller conclude loading and forward to Buyer Q & Q with B / L and any other relevant document as required. 8: Buyer issues Non Transferable, Non Divisible, DLC in favor of Seller. 9: Seller Vessel sail to Buyer destination to discharge cargo. Q & Q at discharge port on account of Buyer. 10: All other terms / conditions as per contract. FOB PROCEDURES: 1. Seller / Buyer Exchange LOI / FCO 2. Buyer Accept & Sign / Return FCO with ICPO 3. Seller Issue Draft Contract and forward to Buyer for review / signature. 4. Seller issue to Buyer written confirmation from NNPC London Office, Stating genuine nature of Seller allocation. 5. Upon verification of written NNPC London, confirmation letter, Bank of Buyer issues Letter of Undertaking (LOU) equal to cash value of monthly shipment. 6. Buyer sends all needed vessel information to Seller for Seller to call in Vessel for loading. 7. Seller calls in vessel, concludes loading and forwards to Buyer Q & Q with B / L, SGS / Saybolt and any other relevant document as required. 8. Buyer pays the Seller and other parties upon receipt of relevant shipping documents at counter of Bank of the Buyer. 9. Buyer Vessel sails to destination to discharge cargo. All other terms / conditions as per contract.