Crude Oil Brokerage Agreement

By April 9, 2021 Uncategorized No Comments

10 9. Custom LEVIES AND DUTIES All export duties and taxes, customs duties and taxes payable at Last Port are on the seller`s account. All customs duties, taxes and port taxes payable at the time of handling (if applicable) are the responsibility of the buyer. SAMPLE CONTRACT AGREEMENT FOR THE SALES AND PURCHASE OF NIGERIA PETROLEUM PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL SELLER S INITIAL 10. TITLE AND RISK Property and risk of loss or deterioration of crude oil transferred from seller to buyer after the seller`s ship has transferred the crude oil into the buyer`s ship. 8 documents covering the entire 280,000MT (2,000,000 BBLS) will not pass through the banks, but will be sent directly to the buyer after the discharge and payment. 4. PROCEDURE a. The buyer and seller sign SPA. B. The buyer gives vessel s Q88 and BCL for confirmation. c.

The seller`s vessel provides the buyer`s captain with NOR as proof of the product. d. Buyer after confirmation by his captain, provides means of payment, e. Both ships arrive side by side for transshipment. f. The seller can also ensure that the buyer`s ship is summoned for direct lifting (if the buyer and seller consent) g. 5 The price is the average of the average value for dated Brent, as published in Platts Markt Fil (spot price) the day before the date of the bill of lading. If Platt`s publication is not available at any of these days, the publication will be used immediately after to determine the price 3a. PAYMENT MODE AND DOCUMENTATION Depending on the determination of the quantity transferred on board the ship, each batch of 280,000 MT (2,000,000 BBLS) must be paid to the ship by transfer quickly in accordance with the instructions on the payment plan.

3 max. (vii) REIB Steam pressure: iv. QUANTITY: 280,000 metric tons (2,000,000 BBLS) -/-10% in batches (2,000,000 BBLS) and if possible (4,000,000 BBLS) 560 tons per month. v. DESTINATION: transfer of ships to ships in the waters of Togo International or in a logistically profitable location for both vessels. VI. DELIVERY PERIOD: 7 days after receiving the irrevocable buyer, Confirmed VII. SBLC and the details of the ship and the charging authority. The seller also has the right to use a lot of 280,000MT (2,000,000 BBLS) depending on the availability of a 2 million capacity ship.

4 SAMPLE CONTRACT AGREEMENT FOR THE SALE AND PURCHASE OF PETROLEUM NIGERIA PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL S INITIAL S INITIAL S 2. PRICE: Gross discount of U.S. dollars dated under Brent. (i) net U.S. dollars to the buyer. (ii) Commission to the buyer`s representative. (iii) Commission to the seller`s agent. (Closed) (iv) Commission paid through the buyer (v) to the seller (FERMÉ) SHIPMENT 2 AND ALL SHIPMENTS SUBSEQUENCES: Dated (DTD) Brent decreased the us dollar lowered crude per barrel: us dollar per net bbl to buyers; USD-USD per bbl to the intermediary, divided as follows: to the seller (Closed); USD to buyer agent; Through the buyer () as above. 9 The handling of the goods is carried out, Q-Q, documents and payment are arranged simultaneously within 24 hours. h.

boat sail. 5. BANK CHARGES Seller cost on behalf of the seller, buyer bank cost for buyer S Account 6. INSPECTION has. Buyer ship inspection fee on behalf of buyer 7. FREIGHT From the loading port to the buyer`s ship, for the duration of these contracts on behalf of the seller. 8. LIGHTERAGE if necessary, lighter age sufficient to pull the vessel from the seller at the transshipment point to account for the seller`s account, and a lighter age sufficient to steal the buyer`s vessel at the transshipment point to establish the buyer`s accounts.