3 vessels of 2m brls ready for sales. Request IMO No. We are direct mandate to NNPCL seller. WhtAp Call/Msg + 4474 7163 6384
3 vessels of 2m brls ready for sales. Request IMO No. We are direct mandate to NNPCL seller. WhtAp Call/Msg + 4474 7163 6384
We are reliable, you can count on us and we're prepared to satisfy your needs.
1. Buyer sends an LOI on their Letterhead (aka; RFQ, CPO, etc)
a. Please submit this document
b. Disclose ‘buyer agreed’ broker fee and broker name(s) [if any]
2. When we receive an LOI; our office staff will:
a. Confirm the business entity is in good standing
b. Contact the LOI Signer with the POF amount. Proof of Funds (POF) is needed as seller is the TITLEHOLDER to the products we DELIVER. We need confirmation the buyer can:
a. Issue a Collateral Instrument from an acceptable bank
b. Send payment via bank wire [MT103] AFTER we deliver the vessel
c. POF amount is determined by the LOI Product Request
4. POF Option One: Documents/data must be < 60 days old:
a. Bank Statement, Bank Capacity Letter (BCL), Banker Signed Tear Sheet, Banker to Client Email, Banker to sellers office Email
b. A ‘banker signed’ Ready Willing and Able (RWA) Letter to issue a Bank Collateral Instrument for the buyer
POF Option Two: the buyer sends our office an Authorization to Verify (ATV) document
a. We can provide an ATV template
b. A seller attorney will validate the buyer’s financial capacity
c. A Buyer can use a third-party financier to send the POF or Bank RWA Letter
6. The buyer can send their POF documents to:
a. One of the seller offices, seller attorney or one of the seller bankers
7. Upon receipt we contact the LOI Signor to arrange an introductory call
a. Brokers can attend this call.
When the POF is verified, seller issue a Formal Corporate Offer (FCO) to the BUYER;
a. Seller prices are WELL BELOW PLATT
b. FCO’s are given to buyers.
9. When the FCO is accepted we issue the Sale Purchase Agreement. (SPA) to the BUYER
a. This SPA has price, index discount, volume, load/discharge ports, timeline, product specifications and other tacit data.
b. The SPA is given to the BUYER i. Brokers receive a Fee Protection Agreement (FPA)
ii. Our USA attorney remits if closure occurs. When the buyer returns the SPA, the product is committed
a. The SPA is registered with seller office, seller attorney and our banker
b. The bankers are introduced to transmit the Bank Instrument
11. When the Bank Instrument is validated, we issue the 2% Performance Bond
a.We lease and LOAD a vessel at OUR expense
b. We deliver the product per the Sale Purchase Agreement.
c. The Bank Collateral Instrument is NOT used for payments
d. We get a Bank Wire 3 days AFTER buyer inspection at target port Product, Loading, Shipping, Inspection Documents are sent ONLY to the BUYER:
a. Charter Party Agreement (CPA)
b. Vessel Questionnaire (Q88)
c. Notice of Readiness (Berthed for Loading)
d. Bill of Lading (Cargo Manifest)
e. Ullage Report (Exact Loaded Amount)
f. Inspection Report (SGS, Intertek, Saybolt, IncoLab, etc.)
g. Certificate of Origin (Refinery Issued)
h. Certificate of Quality (Lab Issued)
i. Vessel Insurance Policy (LLOYDS)
j. Other Documents [MSDS, Timeline Sheet, etc]
13. Seller and/or my signature will be on many of these documents
a. Buyer can validate ALL documents back to their creator
b. Buyer gets [wet signature] Hard Copy Documents via Courier
c. Buyer can track or communicate with the vessel at their convenience
d. Vessel TakeOver is Possible when in International Waters (Buyers Choice)
Our Vessel Captain contacts supplier and the target harbormaster PRIOR to arrival
a. Seller sign the Authorization to Board (ATB) and Dip test Authorization (DTA)
b. Customs breaks tank seal with our representative [and buyer] per local rules
15. Certificate of Title Transfer is issued AFTER buyer inspection
a. Shore tanks are injected at harbormaster direction (or other buyers’ option)
b. My Signature will Pass Title
· Seller delivers at OUR expense and there are NO UPFRONT FEES
Payment is made AFTER buyer INSPECTION
· The LLOYDS of London Vessel Policy Guarantees DELIVERY
LOI Template is Attached.
*OFF-OPEC BLCO CIF Procedure*
Product: *Bonny Light Crude Oil*
Quantity: 2 MILLION Barrels minimum
Payment: *SBLC*
*Transaction CIF Procedure*
1. SELLER will provide BUYER with a Draft Sales and Purchase Agreement (SPA) for BUYER’s review and acceptance which will include BUYER’s current and complete Customer Information Sheet (CIS):
a. Draft Non-Circumvent, Non-Disclosure & Working Agreement (NCNDA), Irrevocable Master Fee Protection Agreement (IMFPA), and Bank Endorsed Payment Order to be completed by all Agents/Facilitators. This NCNDA-IMFPA Agreement must be included in the SPA by Reference Number.
2. Upon BUYER’s review and acceptance of SELLER’s SPA, the BUYER must transmit them to SELLER:
a. The SPA of the undersigned SELLER, which confirms the official acceptance by the BUYER of all Procedures, Terms and Conditions contained in the SPA; and
b. Current and Complete BUYER’s Marine Notice of Readiness (NOR), Estimated Time of Arrival (ETA) and Authority to Board (ATB) Formats, Port of Discharge (POD) Details, Shipping Agency Details, Inspection Company Details, Etc.
3. Upon completion of the SPA, SELLER will submit a SPA for final approval by BUYER. BUYER and SELLER deposit the endorsed SPA with their respective Bank Institutions.
a. The completed IMFPA must also be signed and notarized by both the BUYER and SELLER. Digital signatures for the IMFPA beneficiaries are legal and binding.
b. BUYER and SELLER must have all documents notarized by a Public Notary or Court.
4. Within two (2) international banking days after BUYER and SELLER shall lodge the endorsed SPA with their respective Banking Institutions, BUYER, through its Bank, shall issue a Pre-Advice via MT799 Swift Transmission as per acceptable verbiage to SELLER’s Bank stating its Readiness, Willingness and Able (RWA) to issue one Unconditional, Irrevocable, Divisible, Assignable, Transferable and Confirmed SBLC via MT760 Swift Transmission of face value covering the total cost of Two (2) Million Barrels of Nigerian Light Crude Oil. The Pre-Advice shall also ask SELLER to confirm its RWA to receive the SBLC:
a. The SBLC is a Payment Guarantee covering the total cost of Two (2) Million Barrels of Nigerian Light Crude Oil and shall have a tenure of one (1) year and one (1) day.
Request for your procedure
Established in 2022 in Liverpool, UK, Johnfal Ventures Limited stands as a premier player in the realm of Petroleum Products Trade Brokerage and facilitation. We specialize in a diverse range.
of petroleum products, including the export of Nigerian Bonny Light Crude Oil (BLCO), Supply of Automotive Gas Oil (AGO) Grade, EN590 50ppm/10ppm, Low Pour Fuel Oil (LPFO), Jet A1 Fuel, and Gasoline (Motor spirit). Committed to excellence and integrity, we have swiftly carved a niche for ourselves as a reliable and professional entity, dedicated to serving our clients with the utmost efficiency and transparency.
Johnfal Ventures Limited UK is a leading petroleum products trade brokerage and facilitation company with a strong track record of success.
With years of experience in the oil and gas industry, Johnfal Ventures Limited UK has become a leading provider of oil and gas services. We have a team of highly skilled professionals who have a deep understanding of the industry trends and technologies. We leverage our expertise to provide customized solutions to our clients.
Upholding an unmatched commitment to Upholding an unmatched commitment to
ethical business practices and professional
integrity, we prioritize clear transparency,
honesty, and trust in all our dealings.
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Our stringent quality control measures
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