Must Crude Oil buyers introduce another country's policy on sales to another country, is it not medium of iintroducing fraudulent practices?
BONNY LIGHT CRUDE OIL, CRUDE OIL, etc... Petroleum products business is not for ALL. It is meant for BANK credible companies and individuals. Fraudulent acts are caused by "corner cutting, short cut operators, cheaper than world fixed price seekers"Every country oil producing company have policies which have to be strictly followed for the benefit and coexistence of the country and the institution. Adhere to their principles. Buyers negotiate for products from seller, not introducing Sale Formula of his benefit to seller, Buyer don't force seller to your style, you will end in the hands of those that will give you your style to your detrimentFor genuine buyers of BONNY LIGHT CRUDE OILs etc.. follow the strictly the procedure as explained below and get your products. Buyer read seller procedure with carefulness, issue icpo on product to buyer, Seller issue draft SPA to Buyer`, Buyer read and confirm or effect changes with seller pointBuyer & Seller signed and seal Sales & Purchase Agreement (SPA) after due acceptance.Both parties lodge the fully executed SPA with their respective banksaster, shipping agency, Inspection Company etc.Buyer's issuing bank (Top 50 World Prime Bank) shall request for the 2%pb upfront from seller bank. The 2% performance bonds is the security to both the buyer and seller for this transaction. This the bonds that is binding the seller and buyer, protect their interest whatsoever to a successful end of the transaction. Bonny light crude oil and every other petroleum products in Nigeria belongs to the Federal Repuublic of Nigeria . Their rules, principles and bylaws and other conditions are given by them through NNPC, the Public has to follow it if you realy want to buy the products. Crude oil or any petroleum products was not for poor due to its cost implication. To cut corner is to introduce fraudulent act. Until one submit SBLC, Vessels details , buyer ICPO and other relevant documents to NNPC before transaction process start. In Nigeria NNPC ,No one gets POP, bill of lading without submitting the above mention items , if any does is fake, wrhen it happens do not blame or condemned Nigeria , know that you are the one encouraging fraudulent acts. Even after submitting those documents they pass thro process coming out one after another . Have confidence with your bank the most heaviest gurantor. If your country policy do not favour you producing LC to your business, your bank should advise you on what to do if you are in good relationship with your bank, don't allow your country policy to be an excuse for corrupting another country system, please find your solution, I tell you many from that your country are doing the wright thing here and their products are perfectly deliver to them. Join others and do the wright thing and be happy . Let your bank protect your money and do what they know to do and do well. 6.Seller's fiduciary bank authenticates and confirms the Pre advice via MT799 sent from Buyer's bank. Within 120 banking hours Seller's Bank issues Operative 2% Performance Bond Guarantee (including value: US$3M, duration as per Buyer accepted verbiage) via MT760 transmission to Buyer Bank. ***All above , still bank to bank paper work, Seller on receiving the SBLC by his bank will use his money to meet up some transactions, NNPC also with confirmation from Seller bank issuing LC on cargo produce necessary paperwork for the loading of the vessel. All these step by step process is to avoid fraudulent acts that spoiled Nigeria, which you too say. Please let us reasong together and follow the protective Formula. You are not asked to give any money for any step by step procedures here. Why worry and complain still seeking to what still remains ghost to you. Vessel is loaded and Seller boards his independent inspection company to conduct Quantity & Quality inspection on the loaded cargo..10. Bank Guarantee issued to NNPC crystallises and Seller pays 100% cost of cargo loaded on his vessel to NNPC. The documents to be issued by NNPC to Seller on the loaded cargo shall include but not limited to the following ONLY: Note until full payment is made before NNPC release all these documents. Please my friend, this Nigeria govt way to protect his name and property and to save you, let us joyfully follow it and say bye bye to oil 419After payment these documents are released from NNPC:Clean Ocean Bill of Lading, One (1) Original and Three (3) CopiesSeller’s Commercial Invoice, One (1) Original and Three (3) CopiesCertificate of Origin issued by N.N.P.C, One (1) Original and Three (3) CopiesCertificate of Authenticity issued by NNPC, One (1) Original and Three (3) CopiesCargo Manifest, One (1) Original and Three (3) CopiesCertificate of Quality, One (1) Original and Three (3) CopiesCertificate of Quantity, One (1) Original and Three (3) CopiesMaster’s Receipt for Samples Master’s Receipt for DocumentsTanker Ullage ReportTanker Time SheetCharter Party AgreementCertificate of Ownership & Warranty of Title (N.N.P.C Certified Title on cargo)N.N.P.C Authority to Sell (A.T.S)Export Clearance Permit (Nigerian Ports Authority waiver, Custom Export Clearance Certificate etc.)Q&Q Inspection Report Performed at Loading Port by InterteOther relevant documents related to the cargo N.B: Seller shall furnishes Buyer with copies of the CPA, Q88, Q&Q report and release non-negotiable copies of some of the above full shipping Cargo documents for onward forwarding to Buyer’s BanksTanker Ullage ReportTanker Time SheetCharter Party AgreementCertificate of Ownership & Warranty of Title (N.N.P.C Certified Title on cargo)N.N.P.C Authority to Sell (A.T.S)Export Clearance Permit (Nigerian Ports Authority waiver, Custom Export Clearance Certificate etc.)Q&Q Inspection Report Performed at Loading Port by InterteOther relevant documents related to the ccaro*** Please this is very direct and simple, be on a close watch, those countries that issues documents to buyer before payment, you hear the level of fraudulent practices that will go on. As long as this business is concerned, many fools will lose their money., old documents will turn to new with fictitious seria numbers and date, just to collect your money and disappears to the sky. There is no documents a fraudstar can not produce, even your signature. It is only careful wright way that served. Different countries with different policy, this is Nigeria, this is it 's working system, please bear with us, continue to patronising us, we love you, it is for your good. Request for full procedures Request for full procedure. Thank you and God bless you, expecting your ICPC soon.Best Regards,Bishop Solomon Stephen Whatsapp :email@example.com