Our Switzerland Seller CIF Procedure is live on the BLCO section.
We can book an online meeting with seller for your comfort.
Our Switzerland Seller CIF Procedure is live on the BLCO section.
We can book an online meeting with seller for your comfort.
We are reliable, you can count on us and we're prepared to satisfy your needs.
Products: Nigerian Bonny Light Crude Oil (BLCO)
Automotive Gas Oil (AGO)Grade EN590
50ppm/10ppm
Low Pour Fuel Oil (LPFO)
Jet A1 Fuel
Gasoline (Motor spirit products
*Swiss Seller 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.
5. Within two (2) international banking days after SELLER’s Bank receipt and authentication of BUYER’s MT799 Pre-Advice Swift Transmission, SELLER’s Bank shall issue an Answer-Back via MT799 Swift Transmission to BUYER’s Bank confirming its RWA to receive the SBLC via MT760 Swift Transmission and authentication of the SBLC.
6. Within five (5) international banking days after BUYER’s Bank receipt and authentication of SELLER’s MT799 Answer-Back Swift Transmission, BUYER’s Bank shall issue the SBLC via MT760 Swift Transmission:
a. SELLER is required to issue an Irrevocable Conditional Bank Payment Order to the Nominated Banking Accounts of all BENEFICIARIES of the IMFPA with copies of the Payment Order sent to each BENEFICIARY.
b. The condition which shall trigger payment to all BENEFICIARIES of the IMFPA shall be SELLER’s receipt of Final Cargo Payment after Cargo Discharge at BUYER’s Storage Facility.
7. Within Fifteen (15) international banking days of receipt of the SBLC, the SELLER shall nominate/assign/load a vessel and pay for single voyage/one-way charter. The vessel is loaded and the SELLER conducts Q&Q inspection even as SELLER Secures Full Cargo Documents and Title of Cargo to be issued in BUYER/CONSIGNEE name. The SELLER furnishes the BUYER with copies of the complete Cargo Documents.
8. Loaded Vessel issues Marine NOR to BUYER’s Group / BUYER’s POD and also copies the SELLER. The BUYER Shipping Agency replies and confirms readiness to receive cargo at BUYER’s POD. Loaded vessel is cleared out of loading terminal/berth and sends Marine ETA to the BUYER’s Group / BUYER’s POD also copies the SELLER.
9. Upon Vessel arrival at BUYER’s POD, vessel master shall announce its arrival to Port Control Towers. BUYER’s Shipping Agency pays all port levies and charges and clears loaded vessel into the POD Anchorage. Vessel Master issue a Marine ATB / Clearance as invitation to BUYER’s Inspection Company (SGS or Equivalent) to come onboard and conduct Q&Q Operations:
a. The loaded vessel will only anchor in the international waters of the POD country pending Clearance from BUYER shipping agent. Any expenses; port charges, levies, security, tugging etc. that might arise as a result of vessel coming into the POD country harbor/port/terminal/storage or waters will be borne by the BUYER. All clearing processes will be carried out by the BUYER’s Shipping Agent. If after three (3) days upon vessel arrival and there is congestion at the port which thus causes delay, BUYER shall bear cost of demurrage.
10. Q&Q Operations shall be completed and the report submitted to BUYER, SELLER and their respective Banks. Vessel Master shall issue a Marine NOR/ETA to BUYER’s Storage Facility and set sail. Upon arrival at BUYER’s Storage Facility, Vessel is cleared to discharge terminal/berth and shall begin discharge.
a. Final Cargo Q&Q shall be determined from samples taken at flange at regular intervals and from discharge meters respectively as reflected in the generated Discharge Certificate.
11. SELLER shall issue a Final Commercial Invoice with values from the Discharge Certificate. Commercial Invoice shall be submitted at the counters of the BUYER’s Bank along with all original relevant Cargo Documents for final Cargo payment.
12. BUYER’s Bank shall make full Payment of Cargo via MT103 TT-Cash to SELLER’s Bank within two (2) international banking days.
a. Earlier issued Irrevocable Bank Payment Orders to the IMFPA BENEFICIARIES shall be honored by SELLER’s Banks simultaneously.
13. Completion of Spot Delivery shall be considered achieved. Term deliveries shall commence per agreed terms and conditions.
Jet A1 is a widely used aviation fuel. Its casual name is kerosene. Professionals value it highly because it enables the aircraft to get the maximum energy.
The seller, the Automotive Gas Oil (AGO) Grade EN590 50ppm/10ppm is manufactured to meet rigorous industry standards, ensuring reliability and performance for your business operations.
Gasoline, mixture of volatile, flammable liquid hydrocarbons derived from petroleum and used as fuel for internal-combustion engines.
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.
Providing you with the assurance of a
reliable and ethical business partnership
Our stringent quality control measures
guarantee the delivery of high-grade and
certified petroleum products, adhering to
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providing you with products of
uncompromising quality and reliability.
Offering a selective comprehensive
selection of petroleum products, we offer range of products to a wide spectrum of industrial as well as
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