Trade Lead Description:
Please accept this as our letter of intent (subject to final approval), for your company (subject to final approval). We are interested in moving forward to a successful conclusion as follows:
Commodity: BLCO
Originality: Nigeria
Specification: Standard Nigerian Export Crude.
Quantity: Minimum of 2 Million barrels per month. Will consider twelve (12) and thirtysix (36) month contracts.
Shipment: Each Shipment not to be less than 1 million barrels.
Port of Delivery: ASWP for CIF. Seller may propose restrictions.
Commission: Paid by the buyer’s mandate under the terms of the DLC, by Irrevocable
Fee Protection Agreement. 50% buyer side closed, 50% sell side. Not to exceed $………on CIF andFOB. Not to exceed $……….. on TTT transactions.
Payment: By Top 25 World Bank Rating with irrevocable, confirmed, non-divisible, one time transferable non-revolving Documentary Letter of Credit (DLC) issued by Prime Bank.
Posted from Belgium - Brussels on 26 April, 2006
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