These are the procedures for the immediate transhipment of one to two million barrels of bonnylight
These are the procedures for the immediate transhipment of one to two million barrels of bonnylight crude oil. Send LOI or signed SPA with these procedured to our email better or call for further details 1. The Seller signs this SPA 2. The Buyer signs this SPA 3. Seller provides his Charter Party agreement, or the NNPC feeder vessel Q88. 4. Buyer posts a Bank Guarantee covering total cargo required (in the place of a Documentary Letter of Credit) 5. Buyer provides his full Charter Party Agreement 6. Vessel Captains agree on a rendezvous point. 7. Vessels long-side 8. Q & Q by Independent inspector (SGS, Saybolt etc as agreed between buyer and seller) verifies cargo before the transfer and exchange of cargo 9. Bank Guarantee is activated for payment upon SGS verification for all involved.