13/07/2020
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โช *A NEW BADGE OF TEN MILLION BARRELS (10MBBLS) OF LOADED BLCO STORED IN ONSHORE CHINA TANK FARM IS AVAILABLE FOR OUTRIGHT LIFTING/PURCHASE; WITH THIS BELOW PROCEDURE'S TERMS & CONDITIONS:*
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โช *PROCEDURE FOR NEW BADGE OF CHINA ONSHORE TANK FARM STORAGE.*
1). *ANY INTERESTED BUYER IS TO CAREFULLY REVIEW THIS ONSHORE CHINA TANK FARM BLCO STORED PRODUCT OUTRIGHT LIFTING/PURCHASE PROCEDURE, AND IF FULL SPELLED TERMS AND CONDITIONS ON THIS PROCEDURE IS ACCEPTABLE BY THE BUYER, THE BUYER IS REQUIRED TO ISSUE A CORPORATE LETTER OF ACCEPTANCE OF THIS PROCEDURE, OR A LETTER OF INTENT (LOI) WITH THIS EXACT PROCEDURE COPIED AND PASTED ON THE ACCEPTANCE LETTER OR ON THE LOI, AS PART OF THE CONTENT; FOR FURTHER GUARANTEE AND ASSURANCE OF ACCEPTANCE.*
2). *UPON SELLER'S RECEIPT AND CONFIRMATION OF THE BUYER'S ACCEPTANCE LETTER OR LOI, THE SELLER WILL SIGN THIS TRANSACTION'S SPA, AND FORWARD HIS SIGNED COPY TO THE BUYER, ALONG WITH SCAN COPY OF SELLER'S COMPANY REGISTRATION CERTIFICATE AND INT'L PASSPORT DATA PAGE IN NNPC DTA FORM.*
3). *BUYER SHALL COUNTER SIGN AND ENDORSE THE SPA WITH HIS CORPORATE SEAL AND THEN RETURN TO THE SELLER ALONG WITH SCAN COPY OF BUYER'S COMPANY REGISTRATION CERTIFICATE AND INT'L PASSPORT DATA PAGE IN A FILLED DTA FORM. BOTH PARTIES DEPOSIT COPIES WITH THEIR RESPECTIVE BANKS. THE ELECTRONICALLY SIGNED SPA IS THEN CONSIDERED LEGALLY BINDING ON BOTH PARTIES.*
4). *UPON SUCCESSFUL SIGNING OF CONTRACT/SPA/FILLED NNPC DTA FORM BY BOTH PARTIES, SELLER SHALL SEND CONTACT DETAILS OF HIS AGENT IN CHINA TO BUYER WHO WILL MEET WITH BUYER'S LEGAL TEAM.*
5). *BUYER WILL FOLLOW SUIT AND OPEN COMMUNICATION WITH SELLER'S AGENT IN CHINA AND ARRANGE A ONE ON ONE MEETING IN CHINA TO SIGN GUARANTEE LETTER WITH BUYER/BUYER'S REPRESENTATIVE.*
โช *NOTE: UPON SUCCESSFUL DIP TEST ANALYSIS, THE SELLER'S CHINA TANK FARM AGENT WILL NO LONGER BE LIABLE TO THE GUARANTEE LETTER.*
6). *UPON SUCCESSFUL SIGNING OF GUARANTEE LETTER WITH SELLER'S AGENT IN CHINA,