Mt799 Format Sample: Fill & Download for Free

It's all in the seller's Procedure, From my experience I read a seller's procedure and I can tell you. If seller is real or fake. Same with Buyer's there are buyers who come up with ridiculous procedures. These buyer's are either fraudulent or are not into crude oil business.In order to be successful in this business you you need to learn about ICC Banking regulations. This can protect you from such people. Below is a Procedure for DLC Instrument. It takes a serious Seller to give such. For Interested Buyers you can reach me via what's app only +2348060084228CIF TRANSACTION PROCEDURES FOR OPERATIVE MT700 DLC WITH 2% PERFORMANCE BOND WITH PRE ADVICE.FOR RE-SELLERS / RE-SELLING TO REFINERY!THIS PROCEDURE IS NOT FOR REFINERY!DO NOT SEND THIS PROCEDURE TO A REFINERY!!!!IF YOU ARE DIRECT TO A REFINERY – CONTACT US FOR REFINERY DIRECT PROCEDURE !!!ABSOLUTELY NO CHANGES TO THIS PROCEDURE WILL BE ACCEPTED!1. SELLER PREPARES SALES PURCHASE AGREEMENT (SPA) AND SENDS SPA TO BUYER. WITHIN FOUR (4) BUSINESS DAYS BUYER & SELLER SIGNS AND SEALS SALES PURCHASE AGREEMENT (SPA) AND EXCHANGES THE SIGNED COPY OF THE SPA BY ELECTRONIC MAIL. GCT SHALL ISSUE LETTER OF CONFIRMATION AND ACCEPTANCE TO BUYER WITHIN TWENTY FOUR (24) HOURS AND A AUTHORITY TO SELL (ATS) ISSUED BY THE NNPC, AND A COPY OF SELLER’S INTERNATIONALPASSPORT OR IDENTIFICATION AND COPY OF SELLER’S BUSINESS REGISTRATION.. THE ELECTRONIC SIGNED AND SEALED COPY OF THE SPA BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE AND SHOULD BE LODGED IN NOMINATED BUYER AND SELLER BANKS.2. BUYER SENDS SELLER FULL DETAILS OF THE RECEIVING PORT OF DISCHARGE (POD) TO INCLUDE FULL DETAILS OF HARBOR MASTER, SHIPPING AGENCY, INSPECTION COMPANY, AND FULL NOR/ETA/ATB FORMATS.3. WITHIN 3 BUSINESS DAYS AFTER SIGNING OF SPA BUYER’S BANK SENDS PREADVICE VIA MT199 OR MT999 OR MT799 TO SELLER’S FIDUCIARY NOMINATED BANK STATING BUYER BANK WILL SEND SELLER BANK OPERATIVE MT700 DLC UPON CONFIRMATION THAT SELLER BANK WILL POST 2% PERFORMANCE BOND UPONRECEIPT OF BUYERS’OPERATIVE MT700DLC. SAID PRE ADVICE WILL ALSO ATTACH THE VERBIAGE OF THE OPERATIVE MT700 DLC THAT WILL BE SENT UPON RECEIPT OF SELLER’S BANK REPLY TO THE BUYER’S BANK PRE ADVICE. SEE ATTACHED VERBIAGE FOR ADOPTION.4. SELLER BANK CONFIRMS PRE-ADVICE AND RESPONDS TO BUYER’S BANK WITH READINESS TO RECEIVE OPERATIVE MT700 DLC AND ISSUE 2% PERFORMANCEBOND (PB) TO BUYER’S NOMINATED BANK ACCOUNT UPON RECEIPT OF FULL FUNDED OPERATIVE MT700 DLC INSTRUMENT.5. BUYER UPON CONFIRMATION AND RECEIPT OF PRE-ADVICE TO ISSUE 2% PB, RESPONDS WITHIN 72HRS, BUYER'S BANK ( ANY TOP 25 WORLD PRIME BANK ), ISSUES CONFIRMED, IRREVOCABLE, UNCONDITIONAL, DIVISIBLE, TRANSFERABLEOPERATIVE MT700 DLC VIA SWIFT IN FAVOUR OF THE SELLER TO THE SELLER’S FIDUCIARY NOMINATED BANK (WITHIN 72 HRS) WITH VALIDATION OF ONE YEAR AND ONE DAY IN THE AMOUNT TO COVER EACH SHIPMENTACCORDING TO SELLERSBANK VERBIAGE. SELLER CONFIRMS RECEIPT OF BUYER’S DLC. THIS DLC ACTS AS A GUARANTEE FOR SHIPMENT, AND THE FINAL PAYMENT SHALL BE SETTLED MT103.NOTICE: ANYPURCHASE/LEASE OR RENTED INSTRUMENT MUST BE CASH BACKED!!6. UPON RECEIPT OF BUYER’S OPERATIVE DLC, THE SELLER SHALL PROVIDE A PERFORMANCE BOND OF 2% THAT IS EQUIVALENT TO TWO PERCENT OF THE RECEIVED DLC’S AMOUNT.7. WITHIN FIFTEEN – TWENTY ( 15-20 ) BANKING DAYS, SELLER NOMINATES VESSEL AND PAYS FOR CHARTER. SELLER WILL FURNISH BOTH BUYER & VESSEL HOME OFFICE/FOREIGN HANDLER WITH DETAILS OF LAYCAN FOR THEIR RECORDS.NOTE TO BUYER: Fifteen-Twenty (15-20) banking days period involves Nominating the Vessel, Payment for Charter, Securing Laycan & Clearing Vessel with Customs, sailing Vessel into Loading Terminal & Actual Loading & Full Cargo Documentation.8. VESSEL IS LOADED AND SELLER SECURES FULL CARGO DOCUMENTS AND TITLE ISSUED IN BOTH SELLER’S AND BUYER’S NAME TO INCLUDE:Clean Ocean Bill of Lading, One (1) Original and Three (3) Copies.Seller’s Commercial Invoice, One (1) Original and Three (3) Copies.Certificate of Origin issued by NNPC, One (1) Original and Three (3) Copies.Certificate of Authenticity issued by NNPC, One (1) Original and Three (3) Copies.Cargo Manifest, One (1) Original and Three (3) Copies.Certificate of Quality, One (1) Original and Three (3) Copies.Certificate of Quantity, One (1) Original and Three (3) Copies.Master’s Receipt for Samples.Master’s Receipt for Documents.Tanker Ullage Report.Tanker Time Sheet.Charter Party Agreement.(NNPC IS THE SHIPPER NO NEED OF CPA)Certificate of Ownership & Warranty of Title.Q&Q Inspection Report Performed at Loading Port.(CALIBERATE INSPECTIONS ,LOCAL INSPECTORS ACCREDITED BY BONNY TERMINAL )Other relevant documents related to the cargo.NOTE TO BUYER: Non-negotiable electronic copies of some of these Above Cargo documents will be sent to the Buyer and Buyer’s and Seller’s Banks. Q&Q Inspection is conducted by independent inspectors at the Buyer’s POD and result released to both Buyer & Seller.9. SELLER SECURES ALL DOCUMENTATION AND OUTWARD CLEARANCE FOR LOADED VESSEL TO SAIL TO BUYER DISPORT. SELLER SHALL NOT RAISE INSURANCE COVER ON CARGO EVEN AS LOADED VESSEL CAPTAIN SENDS MARINE NOTICE OF READINESS (NOR) TO BUYER SHIPPING AGENCY AT DISPORT. BUYER SHIPPING AGENT ACKNOWLEDGES NOR AND REPLY THEIR READINESS TO RECEIVE THE CARGO ON BEHALF OF BUYER.10. VESSEL SAILS TO BUYER’S POD. FURTHER ETA UPDATES TO BE SENT TO BUIYER’S POD AT TEN (10) AND FIVE (5) DAYS AND THEN AT FORTY EIGHT (48),TWENTY FOUR (24), and TWELVE (12) HOURS PRIOR TO ARRIVAL AT POD. UPONARRIVAL AT BUYER’S POD, VESSEL ANNOUNCES ARRIVAL TO PORT AUTHORITY/NAVY. BUYER’S SHIPPING AGENCY CLEARS VESSEL INTO THE POD ANCHORAGE.NOTE TO BUYER: The loaded vessel will only anchor in the international waters of the POD country pending Clearance form Buyer shipping agent. Any expenses; port charges, levies, security, tugging etc. that might arise as a result of vessel coming into the POD country harbor/port/terminal/storage or waters will be borne by the Buyer. All clearing processes will be carried out by the Buyer’s Shipping Agent. If after seventy-two (72) hours upon vessel arrival and there is congestion at the port which thus causes delay, Buyer shall bear cost of demurrage.11. VESSEL IS CLEARED INTO BUYER’S DISCHARGE PORT, AND VESSEL CAPTAIN ISSUES A MARINE AUTHORITY TO BOARD (ATB) TO BUYER’S NOMINATED INDEPENDENT INSPECTOR’S AS PER BUYER’S FORMAT. Q&Q ANALYSIS IS CONDUCTED AT BUYER’S EXPENSE. INSPECTION AGENCY MUST BE EITHER SGS, INTERTEK, SAYBOLT, CIQ OR EQUVALENT AND MUST BE ACCEPTABLE TO SELLER AND MUST BE INDEPENDENT. THE FINAL Q&Q REPORT IS SENT TO BOTH BUYER AND SELLER RESPECTIVELY.12. UPON RECEIPT OF THE INSPECTOR’S Q&Q REPORT BY BOTH BUYER AND SELLER, SELLER ISSUES THE FINAL COMMERCAIL INVOICE BASED ON OUT-TURN BARRELS INSPECTED.NOTE TO BUYER: The Calculated Price for The Final Commercial Invoice Shall Be Based on the Q&Q Report at POD and On The THREE-DAY AVERAGE OF DATED (DTD) BRENT Day of Closing. As Stated in The Daily Published PLATT’S CRUDE OIL MARKET-WIRE REPORT/EUROPEAN MARKET-SCAN.13. BUYER’S BANK MAKES FULL PAYMENT IN USD TO SELLER’S NOMINATED ACCOUNT VIA TELEGRAPHIC TRANSFER WITHIN THREE (3) BANKING DAYS OF RECEIVING THE FINAL COMMERCIAL INVOICE AND SIMULTANEOUSLY PAYS ALL BROKERS COMMISSIONS AS PER SIGNED NCND MASTER FEE PROTECTION AGREEMENT IN THIS AGREEMENT OR ADHERED TO THIS AGREMENT. BUYER’S BANKWILL ADVISE SELLER’S BANK BY SWIFT OR TELEX QUOTING THE VALUE DATE OF THE TRANSFER, THE AMOUNT, THE INVOICE NUMBER, AND THE CLEARING BANK, IF ANY. SUCH ADVICE IS TO BE SENT IN DUE TIME SO AS TO ENABLE SELLER’S BANK TO CREDIT SELLER WITH VALUE ON DUE DATE.NOTE TO BUYER: If Full Payment is NOT received within a maximum of five (5) banking days of Buyer receiving the Final Commercial Invoice, Full Cargo Document and Title on Cargo, Seller’s Bank has the right to call the Buyer’s Documentary Letter of Credit (DLC) for settlement of total value of cargo in accordance to item 4 outlined under the clause 7 herein.14. SELLER’S BANK CONFIRMS PAYMENT AND SELLER SENDS ORIGINAL COPIES OF ALL SHIPPING DOCUMENTS, TITLE AND DISCHARGE CERTIFICATE TO BUYER VIA 1st CLASS COURIER.15. SELLER INSTRUCTS VESSEL CAPTAIN OF LOADED VESSEL TO DISCHARGE CARGO INTO BUYER’S STORAGE FACILITY.

BONNY LIGHT CRUDE OIL,CRUDE OIL, etc...Petroleum products businessis 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 proceduresRequest for full procedure. Thank you and God bless you, expecting your ICPC soon.Best Regards,Bishop Solomon StephenWhatsapp :[email protected]