RJ Hender – Honest Oil Seller
Sun, Nov 30, 2014
Subject: Oil Refinery Allocations 2015
To start, you must know that I work directly with the #2 source for BLCO. Here are more details of our BLCO performance… At the bottom of this article, I will display the procedures…
Thanks for thinking of me. Just as an FYI, we don’t do CIF to China
because of past disputes over quality with their CIQ not agreeing with
the findings of the SGS.
The only way we will deal with China is if they are willing to do a TTO
(Tank Turn Over) in Port Tema, Ghana using SGS and then they recharter
the boat to China from there.
The discount would be 12/8: $8 net to buyer, $4 commission split
between buyer and seller (although most likely the Chinese won’t give
any of the commission to intermediaries).
We are happy to show proof of past performance, bills of lading from
this year’s previous transactions, authorization to sell from the NNPC
and will offer a 2% PB to activate their bank instrument…
The year 2015 is getting here, faster than I expected. We have had significant Oil Successes and Failures this year. Trust take time, as new buyers meet with my direct to refinery oil sources. Even as I help introduce legitimate buyers to my seller mandate(s) at times, personalities
or procedures or prices have gotten in the way of some oil transactions.
Now, I will do my best every time to verify Authentic End Buyers. I will do my best to introduce you to my Direct to Refinery sources, but you must know that the Refinery sets the procedures. If you are prepared to provide your legitimate End Buyer ICPO or LOI, along with a CP then I can then provide you with the Seller’s SCO and eventually, I can arrange an oil Conference Call. RJ@MorningLiberty.com
Even with a Table Top meeting between the Title Holder and End Buyer, there are no guarantees. You can bet that Buyers, with $Billions to spend on oil have plenty of attitude and they believe they are in charge.
You can also bet that Sellers, with the JP54, D2, LNG, Mazut, D6, ULSD, JPA1, BLCO or other fuel products, that are in high demand, they have plenty of attitude too.
I can help introduce legitimate buyers to my direct to refinery sellers, but I can’t force them to get along or trust one another. Because there are so many liars and thieves in this Oil Business, it’s more difficult for oil buyers or oil sellers to trust any one. Some times, we have ways of checking someone out to determine whether they have oil honesty and integrity or not.
Perhaps I should apologize for 1 of my Bonny Light seller mandates who is taking a month vacation, after closing so many blco transactions this year, it has worn him out. If you’re a legitimate blco buyer and you are willing to follow procedures, provide your ICPO and CP then I could help you secure the blco you need. Contact me RJ@MorningLiberty.com
Perhaps I should apologize for 1 of my direct to Russian Refinery sources for oil because they shut down their operations from Dec 1st until Jan 15, 2015. Well, it’s a good thing that our oil sources secure our –
your jet fuel and diesel fuel and heating fuel and crude oil from other sources. We continue to have JP54, D2, JPA1, LNG, Mazut, BLCO and other fuel products for our buyers.
I think Shell Oil production contracts are the best way to secure fuel products. My Shell Oil guys, are completing many oil transactions with people who have gone everywhere else for oil, but they ended up empty
handed. I can help secure these Shell Oil products for you… RJ@MorningLiberty.com
Even though many people are scrambling for their JP54 and BLCO and Mazut and D2 and ULSD and LNG and JPA1 needs, my current buyers are satisfied already.
Will you follow procedures?
Are you ready to provide your ICPO and CP – so we can then set up the oil conference call for you? Give me a call, and I will do my best to assist you. RJ@MorningLiberty.com
Seller’s Procedures for BLCO
1. PRODUCT: Nigerian Bonny Light Crude Oil 2. QUALITY: Standard Export Quality APT @ 60 Deg F Min 35.5 Max 37.00 3. QUANTITY: TBA million barrels (+/-10%) 4. DURATION: Spot lifting then a contract for 12months with possible rollover right on buyer. 5. SHIPMENT: TBA million Barrels (+/-10%) per month. 6. DELIVERY: TBA (Bonny Ocean Terminal Loading Port).
7. PRICE: Based on 3 (three) days average of the mean Brent (DTD) Platt (Dated New York) price,less discount. The price shall be average of the day before the date of loading, the day of loading and the day after the day of loading. The applicable currency in respect of payment for the cargo shall be United States Dollar (USD). 8. DISCOUNT: AS PER AGREEMENT.
Procedures: (only use the one that is applicable to your transaction)
1. SELLER AND BUYER SIGN CONTRACT AND BUYER RETURNS SIGNED CONTRACT WITH VALID VESSEL DOCUMENTS, CPA, INVOICE OF CHARTER AND Q88 FOR SELLER TO VERIFY. 2. SELLER GIVES BUYER PARTIAL POP FOR VERIFICATION. 3. BUYER ISSUES PRE ADVISE MT199 (SEE VERBIAGE) TO SELLERS BANK BY SWIFT. 4. SELLERS BANK ISSUES 2% PB TO BUYERS BANK 5. BUYERS BANK ISSUES MT 760 SBLC FOR THE TOTAL VALUE OF THE CARGO. 6. SELLER CALLS IN BUYERS VESSEL FOR LOADING, AFTER LOADING, NOMINATE AN INDEPENDENT INSPECTION COMPANY FOR Q AND Q. 7. Q AND Q IS DONE AND IT’S OK BY BOTH PARTIES.
8. SELLER’S ISSUES ALL DOCUMENTATION IN BUYERS NAME.
9. SELLER MOVES THE VESSEL TO INTERNATIONAL WATER FOR BUYERS INSPECTION TO CONDUCT SECOND Q AND Q. AND IT’S OK BY BOTH PARTIES. 10. FULL PAYMENT FOR THE PRODUCT IS MADE VIA MT103 TO SELLER AND ALL BROKERS.
A. BUYER AND SELLER SIGN AND SEAL CONTRACT AND LODGE WITH THEIR RESPECTIVE BANKS; ELECTRONIC COPIES OF EXECUTED CONTRACT ARE DEEMED LEGAL. BUYER VERIFIES THE BULK ALLOCATION INFORMATION CONTAINED IN THE CONTRACT WITH APPROPRIATE AUTHORITIES AS THIS SERVES AS SELLER’S POP.
B. BUYER’S BANK SENDS RWA TO SELLER’S NOMINATED BANK STATING WILLINGNESS AND ABILITY TO CONCLUDE THE TRANSACTION AND CONFIRMATION THAT FUND IS SET ASIDE FOR THIS CONTRACT.
C. UPON SELLER’S BANK RECEIPT OF THE RWA, SELLER INSTRUCTS HIS BANK TO CONFIRM TO BUYER’S BANK, SELLER’S ABILITY TO PLACE 2% PERFORMANCE BOND.
D. UPON BUYER’S RECEIPT OF THIS CONFIRMATION (PROCEDURE 3 ABOVE), BUYER’S BANK WITHIN 5 BANKING DAYS, PLACES INSTRUMENT FOR ENTIRE CARGO VIA MT760 BG OR MT700 DLC. SELLER’S BANK RESPONDS WITH A 2% PERFORMANCE BOND TO BUYER’S BANK WITHIN 3 BANKING DAYS OF POSITIVE VERIFICATION OF THE FINANCIAL INSTRUMENT.
E. WITHIN 5 BANKING DAYS, SELLER LOADS VESSEL, ISSUES COMPLETE CARGO DOCUMENTS TO BUYER AND INSTRUCTS CAPTAIN TO ISSUE NOR TO REFINERY /PORT OF DISCHARGE. CAPTAIN OF VESSEL SHALL ISSUE A CONFIRMED ETA.
F. CAPTAIN OF VESSEL SHALL ISSUE ATB TO BUYER’S INSPECTORS AND SUPERCARGO AT LEAST 24HOURS BEFORE ARRIVAL AT POD.
G. WITHIN 24 HOURS AFTER BERTHING AT POD, BUYERS INSPECTORS SHALL CARRY OUT Q AND Q INSPECTION INSIDE THE VESSEL BEFORE DISCHARGE AND ISSUE AND REPORT TO SELLER AND BUYER.
H. BUYER’S BANK MAKES FINAL PAYMENT VIA SWIFT MT103 AND ALL INTERMEDIARIES ARE PAID. IF THESE PROCEDURES ARE ACCEPTABLE TO YOU, PLEASE PROVIDE US WITH THE NAME OF THE BUYER (COMPANY NAME) AND OUR SELLER WILL
Here’s to a strong 2014 Oil Year… RJ Hender
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