Odira Oil and Ga

Dear Sir, OUR PROCEDURE FOR /TTO/TTT CONTRACT BLCO/FORCADOS PRODUCT I am willing to released the mention document upon receipt of a letter from buyer’s bank stating his willingness and able to place non operative LC/BG/MT/103/23 of full cargo to be activated with seller’s 2% bond, upon receipt of this letter in our bank by swift bank to bank, the mention Document will be swift to buyer’s bank within 72 hrs, upon meeting the requirement Stated in the pop /procedure, then seller nominate a vessel and programmed in the name of the buyer, register in LOYLDS/SHELL screen. The request letter must come from buyer’s bank with the bank letter head to sellers Bank and copied to the seller’s e-mail. Document to be confirmed by the buyer a. Letter of Authorization to sell the Product b. NNPC Permit to sell the Product c. NNPC Allocation – Confirmable – available OUR PROCEDURE FOR TTO CONTRACT BLCO/FORCADOS PRODUCT 1 Seller signs and seals the contract and dispatches to the Buyer in form of email. 2. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail. 3. Buyer and Seller deposit same at their respective Banks. 4. Seller Bank Swift POP documents of allocation available in which upon the Buyer’s Bank place non operative L/C that will be activated with Seller’s Bank 2% Bond, upon confirmation by both parties Bank, Seller nominate a vessel, load and Programs in the name of Buyer register on Shell/London Screen for Buyer’s Independent verification at the expense of Buyer. 5. After confirmation of the product, Seller issues Marine ATB/Clearance to Buyer to board cargo in Togo waters, SGS Conducted. 6. Re-assignment of cargo is done in Buyer’s name and re- charter vessel. 7. Vessel sails to Buyer’s port of discharge 8. Seller’s Bank valid shipping documents, which shall include the following: A). Notarized Commercial Receipt naming Buyer, contract number, goods and