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SOURCING OF DUAL PURPOSE KEROSENE {DPK} FOR THE NIGERIAN MARKET.
Foraminifera, a business development firm in the petroleum sector of the Nigeria economy, hereby express our desire to work with end sellers of NNPC standard grade of Dual Purpose Kerosene {DPK}, in the sourcing and sales of the product from our network of reliable buyers in Nigeria in order to remove the difficulty associated with the business.
Below is our standard procedure for a successful completion of a transaction.
Product: NNPC Standard Grade of DPK
Mode of Transaction: Tanker to Tanker {TTT}
Price: The price would be a reflection of the prevalent price and would be quoted in naira, the official legal tender in Nigeria.
Quantity: 5000 to 50,000 MT
Payment: BG, reinstated either per shipment or monthly. BG cannot be divisible and transferable.
Commission: Buyer strongly discourages fees that the total is greater than N 3. Buyer strongly discourages more than two groups; sellers’ side and buyers’ side and the fee should be 50/ 50.
Procedure {TTT}:
1. Seller signs SPA
2. Buyer signs SPA
3. Buyer sends CPA, Q88 and ATL
4. Seller’s vessel master sends NOR to the buyer’s vessel master
5. Buyers issues a BANK GUARANTEE {BG} to the seller for the payment of the product
6. Buyers vessel master send ETA to the sellers vessel master
7. Both vessels meet for trans-shipment. Transfer of product takes place and the total time required for the entire cargo to the transferred shall not exceed eight {8} days.
8. Buyer undertakes Q and Q inspection during transfer
9. Documentation formalities completed by buyers’ vessel master including Q and Q inspection. Shipping and Q and Q documents are faxed and sent to the buyer and his bank.
10. Seller provides invoice based on actual quantity transferred. Buyer’s bank upon confirmation and verification of shipping documents send payments by swift wire transfer to sellers and paymasters banking account as stated in the SPA.
Get our market intelligence report on the following related topics by clicking on any of the titles below
1. MARKET REPORT ON THE INVESTMENT OPPORTUNITIES IN THE DOWNSTREAM SECTOR OF THE OIL AND GAS INDUSTRY IN NIGERIA.
2. INVESTMENT OPPORTUNITY IN MARINE SUPPORT SERVICES IN THE PETROLEUM SECTOR.
3. ESTABLISHING A MODULAR REFINERY IN NIGERIA
4. HOW TO SECURE AND EXECUTE LOCAL PURCHASE ORDER {LPO} FOR THE SUPPLY OF REFINED PETROLEUM PRODUCTS.
At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for start-ups and those already
in business.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
Do
you require one- on- one consultancy on the subject matter? Contact us
with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}
Office Address:
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Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining
and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
Foraminifera
Market Research is a dynamic market intelligence company providing
comprehensive market research solutions and strategic intelligence
services to start-ups and existing businesses in Nigeria.
We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
In
keeping with our vision of providing services that adds value to our
clients business and resources to develop their business into a strong
and visible global brand, we would like to introduce to you to our
sister websites
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com {Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}
