Commission Agreement Crude Oil

4 SAMPLE CONTRACT AGREEMENT FOR THE SALE AND PURCHASE OF PETROLEUM NIGERIA PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL S INITIAL S INITIAL S 2. PRICE: Gross discount of U.S. dollars dated under Brent. (i) net U.S. dollars to the buyer. (ii) Commission to the buyer`s representative. (iii) Commission to the seller`s agent. (Closed) (iv) Commission paid through the buyer (v) to the seller (FERMÉ) SHIPMENT 2 AND ALL SHIPMENTS SUBSEQUENCES: Dated (DTD) Brent decreased the us dollar lowered crude per barrel: us dollar per net bbl to buyers; USD-USD per bbl to the intermediary, divided as follows: to the seller (Closed); USD to buyer agent; Through the buyer () as above. 10 9. Custom LEVIES AND DUTIES All export duties and taxes, customs duties and taxes payable at Last Port are on the seller`s account. All customs duties, taxes and port taxes payable at the time of handling (if applicable) are the responsibility of the buyer.

SAMPLE CONTRACT AGREEMENT FOR THE SALES AND PURCHASE OF NIGERIA PETROLEUM PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL SELLER S INITIAL 10. TITLE AND RISK Property and risk of loss or deterioration of crude oil transferred from seller to buyer after the seller`s ship has transferred the crude oil into the buyer`s ship. 6 If the quantity on board the buyer`s ship is approved signed by the buyer`s captains and buyer, the payment must be approved by the buyer`s bank. Faxes, electronic or digital documents relating to this transaction are considered original copies, including the signatories and the discharge certificate. The original shipping documents are issued at the time of the final unloading and after the delivery of the entire product on board the buyer`s ship and payment for the same payment received and confirmed by the Seller. The following documents are made available to the purchaser before the vessel enters the unloading port. 9 The handling of the goods is carried out, Q-Q, documents and payment are arranged simultaneously within 24 hours. h. boat sail. 5. BANK CHARGES Seller cost on behalf of the seller, buyer bank cost for buyer S Account 6. INSPECTION has.

Buyer ship inspection fee on behalf of buyer 7. FREIGHT From the loading port to the buyer`s ship, for the duration of these contracts on behalf of the seller. 8. LIGHTERAGE if necessary, lighter age sufficient to pull the vessel from the seller at the transshipment point to account for the seller`s account, and a lighter age sufficient to steal the buyer`s vessel at the transshipment point to establish the buyer`s accounts. 8 documents covering the entire 280,000MT (2,000,000 BBLS) will not pass through the banks, but will be sent directly to the buyer after the discharge and payment. 4. PROCEDURE a. The buyer and seller sign SPA.

B. The buyer gives vessel s Q88 and BCL for confirmation. c. The seller`s vessel provides the buyer`s captain with NOR as proof of the product. d. Buyer after confirmation by his captain, provides means of payment, e. Both ships arrive side by side for transshipment. F.

The seller can also ensure that the buyer`s vessel is summoned for direct lifting (if the buyer and seller consent to it) z.B. 7 A. Signed Commercial Invoice-Original plus 3 copies. b. Original Bill of Lading, plus 3 non-negotiable copies. c. Original quality certificate plus 3 copies. d. Original quantity certificate plus 3 copies.

E. Certificate of origin. F. Certificate of ownership. G. Independent Inspector`s Original Report on Unloading plus 3 copies h. Sub-received from buyer and seller Captain SAMPLE CONTRACT AGREEMENT FOR THE SALE AND ACHAT OF NIGERIA PETROLEUM PRODUIT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER SELLER INITIAL SELLER INITIAL NOTE: The buyer and his bank must be ready, Swift Wire Payment for all 280,000MT delivered (2,000,000 BBLS) to authorize the buyer of its boat crew. 3 max. (vii) REIB Steam pressure: iv. QUANTITY: 280,000 metric tons (2,000,000 BBLS) -/-10% in batches (2,000,000 BBLS) and if possible (4,000,000 BBLS) 560 tons per month.