《SALESANDPURCHASEAGREEMENTNIGERIANBONNYLIGHTCRUDEOILONTTODELIVERY》由会员分享，可在线阅读，更多相关《SALESANDPURCHASEAGREEMENTNIGERIANBONNYLIGHTCRUDEOILONTTODELIVERY（19页珍藏版）》请在金锄头文库上搜索。
1、 Seller Buyer iSALES AND PURCHASE AGREEMENTNIGERIAN BONNY LIGHT CRUDE OIL ON TTO DELIVERY This Contract is made between the following Parties:FYMAK MARINE (including pilotage, port authority, etc). 12. PROCEDURE.1.Seller and Buyer sign the contract with full banking details and each party submits a
2、copy to his/their Bank. Electronic copies shall be binding and enforceable.2.Buyer provides ATB format Supercargo / Inspector information (name, passport number, telephone number, email addresses). Seller instructs his Captain to issue a Authority to Board (ATB) to Buyers Inspectors and Supercargo t
3、o board on Nigerian waters. 3.Buyer provides N10 million Certified Bank Check from a prime Nigerian Bank in favor of UNISOLAR LIMITED, for chopper / Security clearance to board the Inspector and Supercargo and bring Inspector back to land. 4.Buyers Inspector(s) conduct Q&Q and report to both buyer a
4、nd seller. Supercargo remains on board. Ten million Naira draft is cashed once inspectors come down with samples.5.Within 24 hours of release of Q&Q report, Buyers bank issues a DLC or MT103/23 covering total cost of cargo and commissions. (Verbiage Annexed) Seller Buyer vii6.Seller links Buyer to t
5、he Handler of vessel for successful take-over. After successful take-over, Seller releases to buyer bank copies of the full particulars / cargo documents re-issued in Buyers name.7.Within 24 hours of the release of copies of product documents in Buyers name, Buyers bank then releases payments by SWI
6、FT / KTT to Sellers bank for the full value of entire cargo and commissions to the bank accounts of all agents / intermediaries Paymasters nominated bank accounts.8.Seller, within 24 hours, confirms payment and releases original documents to the Buyer/Buyers Captain. 9.Vessel sails to Buyers destina
7、tion port.13. Lay time and Demurrage Lay Time shall not be more than a month except where Buyer request for an extension. No demurrage is applicable. The Seller releases the vessel in this TTO contract after completing loading and payments.14. Warranties The Seller warrants that it has the clear and
8、 qualified rights to sell or otherwise dispose of the Cargo as offered to him by his suppliers which, is the subject matter of this Contract Agreement and that the Cargo is clear of all liens and encumbrances.15. Documents Some of the documents which, will be handed over to the Buyer for confirmatio
9、n that the product has been loaded on the Vessel are as listed below: 1. Certificate of Quality. 2. Certificate of Quantity. 3. Master of Vessels receipt for samples. 4. Cargo Manifest. 5. Bill of lading, e.t.c.16. Taxes, Duties & Charges Seller shall pay ordinary agency fees, towage, pilotage and s
10、imilar port charges, port duties and after taxes against Vessel at the loading Port.17. Force Majeure Neither Seller nor Buyer shall be responsible for any failure to fulfill their respective obligation under the Agreement if fulfillment has been prevented or curtailed by any circumstances whatsoeve
11、r which are beyond the reasonable control of Seller or Buyer as the case may be including without prejudice to the generality of the foregoing. a.Compliance with any order, demand or request of any government or of any international, nation, port, transportation, local or other authority or agency o
12、r of anybody or person purporting to be or to act for such authority or agency.Seller Buyer viiib. Any strike, lockout or labor dispute. c.Adverse weather, perils of the sea or embargos. d. Delays of Vessel due to breakdown provided always that nothing contained herein shall relieve Buyer of any of
13、its obligations to make payments due to Seller under the Agreement by the due dates or accordingly. i. In case of circumstances of Force Majeure lasting more than ninety (90) days, the Buyer shall have the right to cancel the Contract, partly or in total. In such a case, none of the parties hereof s
14、hall have the right to any compensation for possible losses from the other party. ii. The party seeking relief under (a) of this paragraph shall advise the other party as soon as practicable of the circumstances causing the failure to fulfill its obligations and shall thereafter provide such informa
15、tion as is available regarding the progress cessation of those circumstances. iii. The certificate issued by the respective Chambers of Commerce in the country where Force Majeure arises shall be sufficient proof of such circumstances and their duration.18. Liability and Penalty After receiving a Guarante
