REBCO, ESPO, BLCO, LNG, EN590, JET A1 FUEL, D6 AND ETC
WITH POF/SBLC OUR TITLE HOLDER DELIVER FUEL, CRUDE TO POD, BUYER INSPECT PRODUCT AND PAY, BUYER’S SBLC NOT USE AS GUARANTEES
WELCOME TO JOHNFAL VENTURES LIMITED Driving Excellence, Delivering Quality
JOHNFAL VENTURES LIMITED UK IS A LEADING PETROLEUM PRODUCTS
TRADE BROKERAGE AND FACILITATION COMPANY WITH A STRONG TRACK RECORD OF SUCCESS .
WE ARE A BROKER WITH EXTENSIVE EXPERIENCE IN THE OIL AND GAS INDUSTRY. WE WORK DIRECTLY WITH THE OUR RESELLER.
EN590, JET A1 FUEL, D6 AND ETC. SAME PROCEDURE USED FOR FOB VTT, CIF
YOU CAN CONTACT US FOR OUR SELLER DIP AND PAY PROCEDURE FOB TANK TO TANK TTT, TANKER TO VESSEL TTV, TANK TAKE-OVER TTO AND CIF.
WE CAN ARRANGE DIRECT CONNECTION BETWEEN BUYER AND SELLER OR MANDATE TO MANDATE. DEPENDING ON BUYER’S CIRCUMSTANCES.
SELLER’S PROCEDURE IS SACROSANCT.
OFF-OPEC BONNY LIGHT CRUDE OIL
NNPC BONNY TERMINAL STANDARD OFF-OPEC TRANSACTION FOR WORKING PROCEDURE ON
FREE ON BOARD (FOB) BASIS
1. Buyer issues LOI + BCL + POF + ICPO + Corporate Resolution + Passport of signatory per Seller/NNPC Trading procedure for review.
2. SELLER ISSUES DRAFT SPA
Upon review of Buyer’s documents, Seller issues Draft NNPC Trading SPA for Buyer’s legal review and acceptance.
3. BUYER ISSUES PROOF OF FUNDS
Buyer’s bank issues MT799/MT103 Pre-Advice + Proof of Funds to Seller’s bank
confirming funds for first monthly lift.
4. SELLER ISSUES DRAFT SBLC
Seller issues Draft SBLC/Draft MT760 wording for Buyer’s bank confirmation.
5. BUYER ISSUES VERIFIED SBLC
Buyer’s bank issues irrevocable, confirmed, transferable, divisible SBLC/MT760 in favor of NNPC Trading/Seller per SPA terms. SBLC to be verified via SWIFT MT799 RWA.
6. SELLER ACTIVATES ALLOCATION
Upon confirmation of verified MT760 SBLC, Seller/NNPC issues:
➢ Approved SPA for execution
➢ Injection schedule + Tank Storage Agreement
➢ NOR + Title Transfer + ATB
7. TITLE TRANSFER & LOADING
Buyer provides vessel details 10 days prior to laycan. SBLC funds are released to Seller/NNPC upon completion of title transfer and successful loading at Bonny Terminal.
8. SUBSEQUENT MONTHLY LIFTS
Procedure repeats monthly for 12 months R&E. Each lift subject to new MT799 RWA and injection schedule from NNPC.
NOTES:
➢ All banking via SWIFT MT700/MT760/MT799 only
➢ All costs, taxes, levies at Seller/NNPC terminal to Seller’s account
➢ Buyer bears vessel, insurance, freight from Bonny Terminal
➢ This procedure is subject to final NNPC Trading SPA terms
Who We Are
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.
PROFESSIONAL INTEGRITY
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.