real talk ,,,,oil and Nigeria
DAVID JOHNSON
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Monday, April 30th 2012 at 7:04AM
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719 views
I deal with NNPC (google it) and there is so much corruption that in order to do a dip test on a vessel you got to have a GUN SHIP or you might get jack in the open seas,Nigeria produces some of the best oil in the world its called bonny light ,it comes from a island called Bonny in Nigeria and the oil is light weight Im telling you the people work for oil ,,,yes the government pays the people in oil and the people try to sell the oil to whom ever got the money i have a firend from there and we have closed a few deal because he knows how to get the fuel out and i know financing / banking thats why when I hear people say they are in financing I question it because that is what i do i own a finance company.
my friend was telling me that there is so much money comming in and out of this regain of Africa because of the oil and a thought came to my mind !
THE RICHEST CONTINENT IN THE WORLD BUt THE MOST SUFFERING OF PEOPLE ON EARTH WHAT IS WRONG WITH THIS PICTURE !,,,,,,,GREED !
YOU HAVE TO SLEEP WITH ONE EYE OPEN ALL THE TIME!!
Commodity: D2 GOST 305-82
Total Quantity: 500,000 Metric Ton Spot (Five Hundred Thousand Metric Tons) with Rolls & Extensions
Currency: United States Dollar ($USD)
Price: $695/mt gross and $675/mt net FOB Rotterdam
Delivery:FOB ROTTERDAM
Payments Term: MT 103/TT WIRE TRANSFER
POP: Provided by Seller to buyer per documents list.
Inspection: SGS or an internationally recognized first class Independent Surveyor Company shall be appointed at designated Loading Ports, to assess the Quality and Quantity of the Product
PROCEDURES
1. Buyer issues ICPO with full Banking Coordinates and Soft Probe Authorization from bank.
2. Seller issues Draft SPA open for Buyer’s amendments, Buyer signs and returns SPA with full banking.
3. Seller issues (SGS Report & Dip Test Authorization)
4. Within 48 hours of buyer will issue an SBLC to cover cost of one month product value (Top 50 World Bank).
5. Buyer provides Logistics to Seller and request window for loading. (Orders product to be tested by Intertek, Say bold or equivalent.
6. Seller verifies buyer’s LC and within five days of buyers requested window for loading, Seller will provide to buyer the following documents: (Terminal Authorization to load documentation, or refinery Proof of product injection documentation).
7. Buyer pays for the amount of lift able product, In US DOLLARS via MT-103 within 24 hours of receipt of DTA results.
8. Buyer loads product at requested pull out terminal, and title transfers.