Supply of Refined Products for West Africa

DELIVERY OF REFINED PRODUCTS ON TTT, TTO & CIF WITHIN W. AFRICA

Refined petroleum products are derived from crude oils through processes such as catalytic cracking and fractional distillation. We are partnership the NNPC/Licensed Importers to deliver highest quality grade of refined petroleum products of NNPC/DPR Specification to Buyers in Nigeria, Ghana, Liberia, Togo and other West African countries. We supply between 2,000 -50,000 metric tons  of Automotive Gas Oil (AGO), Premium Motor Spirit (PMS), Dual Purpose Kerosene (DPK), Low Pour Fuel Oil (LPFO) and other refined petroleum on Tanker to Tanker (TTT), Tanker Take Over (TTO) and C.I.F to Tank farms within  West Africa in Nigerian Naira.  

Automotive Gas Oil (AGO) 
Automotive Gas oil, (AGO) also known as diesel, is generated from crude distillation process and is used to efficiently power internal combustion diesel engines. Automotive Gas Oil, or AGO, is the fuel intended for use in road vehicles (trucks, buses, vans and cars) powered by diesel engines.

Premium Motor Spirit (PMS)
Premium Motor Spirit, also known as petrol or gasoline or mogas, is used to power internal combustion engines mostly in vehicles and generators

Dual Purpose Kerosene (DPK)
Dual  Purpose Kerosene (DPK) popularly known as kerosene is a combustible hydrocarbon liquid generated from crude oil used for lamps, cooking stoves, etc.. It is a common household oil in Africa. It can also be used as aviation fuel, and as cooking and heating oil hence its name dual purpose kerosene. 


 

TANKER TO TANKER (TTT) PURCHASE PROCEDURE FOR REFINED PRODUCTS

1. Buyer sends an ACCEPTANCE LETTER of this offer to Seller and Seller sends an INDEMNITY AGREEMENT for Buyer to sign, NOTARIZE in court and return to Seller as a caution against failure from any party.

2. Seller send contract (SPA) for Buyer to counter-signs and return with their (a) NOMINATED Vessel particulars (b) ‘NOR’ format (c) Q&Q Inspector ID with their phone numbers.

3. Buyer instructs their Nigerian Bank to issue any ONE of the following instrument OPTIONS: (Buyer must indicate their preferred options in their Acceptance Letter)

*OPTION A: Sends by hand their Ready, Willing and Able (RWA) Letter to Seller’s Bank STRICTLY according the verbiage specified on the last page of the SPA.

*OPTION B: Buyer’s pre-advises their Bank of their readiness to block a total sum of N200 million in favour of Seller’s and their nominated Vessel Handler/Cargo Handler. 

4. Seller confirms Buyer’s Bank RWA Letter OR Blocked Funds, loads a vessel and instructs the Captain of the cargo laden vessel to release ‘marine NOR’ to Buyer’s receiving Vessel.

5. Seller’s Vessel Captain opens communication with Buyer’s Vessel Captain for a mutual hookup point of STS and trans-shipment of product into Buyer’s vessel takes place immediately. Buyer must ensure Venders are holes are in their vessel for trans-shipment process.

6. Buyer’s Bank issues their irrevocable, transferable and confirmed cash backed BANK GUARANTEE covering the entire cargo in favour of Seller STRICTLY according to the specified verbiage if Bank RWA was issued earlier but if Blocked funds was issued, Buyer’s bank issue BANK COMFORT Letter.

7. Buyer’s Bank releases the N200 million into the Beneficiary accounts if blocked fund was issued earlier. Buyer’s Inspector conducts Q&Q and submits the report to both parties via email within 12 hours.

8. Seller sends their Commercial invoice to Buyer and  Buyer’s Bank SWIFT payment into Seller’s Nominated Account immediately.

9. Buyer’s vessel is FREE to sail away with hard copy of any cargo document and commission Agents are paid according the IMFPA.

TANKER TAKE OVER (TTO) PURCHASE PROCEDURE FOR REFINED PRODUCTS

1. Buyer sends an ACCEPTANCE LETTER of this offer to Seller and Seller sends an INDEMNITY AGREEMENT for Buyer to sign, NOTARIZE in court and return to Seller as a caution against failure from any party.

2. Seller send contract (SPA) for Buyer to counter-signs and return with their (a) ATB Format  (c) Supercargo & Q&Q Inspector ID with their phone numbers.

3. Buyer instructs their Nigerian Bank to issue any ONE of the following instrument OPTIONS: (Buyer must indicate their preferred options in their Acceptance Letter)

*OPTION A: Sends by hand their Ready, Willing and Able (RWA) Letter to Seller’s Bank STRICTLY according the verbiage specified on the last page of the SPA.

*OPTION B: Buyer’s pre-advises their Bank of their readiness to block a total sum of N200 million in favour of Seller’s and their nominated Vessel Handler/Cargo Handler. 

4. Seller confirms Buyer’s Bank RWA Letter OR Blocked Funds, loads a vessel and instructs the Captain of the cargo laden vessel to release ‘marine ATB’ to Buyer’s Inspection team for physical confirmation of cargo and as well as Q&Q test. 

5. Buyer’s Bank issues their irrevocable, transferable and confirmed cash backed BANK GUARANTEE covering the entire cargo in favour of Seller STRICTLY according to the specified verbiage if Bank RWA was issued earlier but if Blocked funds was issued, Buyer’s bank issue BANK COMFORT Letter.

6. Buyer’s Bank releases the N200 million into the Beneficiary accounts if blocked fund was issued earlier. Buyer’s Inspector conducts Q&Q and submits the report to both parties via email within 12 hours.

7. Seller sends their Commercial invoice to Buyer and  Buyer’s Bank SWIFT payment into Seller’s Nominated Account immediately.

8. Buyer re-charters vessel and takes over cargo with hard copy of any cargo document and commission Agents are paid according the IMFPA.

DELIVERY TO TANK FARM  (CIF) PURCHASE PROCEDURE FOR REFINED PRODUCTS 

1. Buyer sends an ACCEPTANCE LETTER of this offer to Seller and Seller sends an INDEMNITY AGREEMENT for Buyer to sign, NOTARIZE in court and return to Seller as a caution against failure from any party.

2. Seller send contract (SPA) for Buyer to counter-signs and return with their (a) NOMINATED Storage  particulars (b) ‘NOR’ format (c) Q&Q Inspector ID with their phone numbers.

3. Buyer instructs their Nigerian Bank to issue any ONE of the following instrument OPTIONS: (Buyer must indicate their preferred options in their Acceptance Letter)

*OPTION A: Sends by hand their Ready, Willing and Able (RWA) Letter to Seller’s Bank STRICTLY according the verbiage specified on the last page of the SPA.

*OPTION B: Buyer’s pre-advises their Bank of their readiness to block a total sum of N200 million in favour of Seller’s and their nominated Vessel Handler/Cargo Handler. 

4. Seller confirms Buyer’s Bank RWA Letter OR Blocked Funds, loads a vessel and instructs the Captain of the cargo laden vessel to release ‘marine NOR’ to Buyer’s tank farm.

6. Buyer sends a ‘’NOR acknowledgement Letter along with copies of clearance documents to Seller for easier clearance of cargo by Buyer on arrival while Buyer’s Bank issue  issues their irrevocable, transferable and confirmed cash backed BANK GUARANTEE covering the entire cargo in favour of Seller STRICTLY according to the specified verbiage (if Bank RWA was issued earlier).

7. Seller move cargo to Buyer’s Jetty and instructs the Captain of the Cargo laden Vessel to issue marine ATB for physical inspection of cargo by Buyer’s Inspectors as vessel anchors at Buyer’s Jetty. Buyer Bank releases the N200 million into their respective Bank Accounts and issue a BANK COMFORT LETTER if blocked funds was issued earlier.

8. Buyer’s Inspect conducts Q&Q report and submits the reports to both parties within 12 hours. Buyer takes over the cargo and move it to discharge at the storage. Buyer’s Bank release full payment for entire cargo (minus N200 million earlier paid).

9. Hard copy of any cargo documents are given to Buyer and Brokers receives their commission based on IMFPA.