BLCO Buy Requirement from India - 07-Sep-2026

Hi,

We are looking for BLCO on a CIF basis.
Just wanted to connect and check while if your requirement
is still active and if you are interested in proceeding. We understand
you have a requirement for BLCO on a CIF basis, with the destination
port being Rotterdam or Fujairah.

Could you please confirm the required quantity in barrels, including
the trial lift quantity if applicable.

We are sharing the CIF transaction procedure below for your review.
Please go through it and let us know if you are comfortable with the
procedure. Once confirmed, we can discuss the pricing and proceed
accordingly. As per the procedure, we would require the LOI on CIF
terms to move forward.

CIF Procedure: Any Safe World Port
Send LOI
Seller issues SPA while Buyer signs and returns the SPA with
CIS, port of discharge agent details, ATB/NOR/ETA formats.
Within 72 hours, Buyers prime Bank issues Pre-Advice via
MT799 to the seller's nominated bank, stating readiness to
issue SBLC via MT760.
Within forty-eight (48) hours, the Sellers nominated bank shall
issue a non-operative 2% performance bond to the Buyer's bank.
After successful authentication of the Seller's 2% performance
bond, within 48 hours thereafter, Buyer's bank shall issue a
genuine and operative SBLC via MT760 for $170 million covering
the total cargo value, valid for the duration of the 12-month contract
(one year and one day) with Sellers verbiage.
Sellers Bank validates/authenticate the SBLC, within seven (7)
banking days seller load or reassign an exclusive vessel in Buyers
name issues full set of vessel and cargo documents to the Buyer
in the name of Buyer as the Consignee of record and authorizes
Vessel Captain to move vessel to Buyers port of discharge with
periodic NOR/ETA to the Buyer and Buyers Discharge Harbor/Tank Agent.
At the Buyers discharge port, Buyer's shipping agent clears the vessel
while the Captain Issues Authority To Board (ATB) to enable Buyers
independent inspectors to perform Q&Q at a mutually agreed location.
Upon successful conclusion of Q&Q analysis, Inspectors release
report to both parties while Seller issues Commercial Invoice to the
Buyer with exact Q&Q report figures.
Buyer releases full payment for cargo to Seller's nominated bank
within 48 hours after inspection against Q/Q Report, Commercial
Invoice and Cargo Documents by MT-103 (cash wire).
Seller confirms payment and authorizes Captain to discharge cargo
into Buyers storage tank.
Seller pays commission to all agents involved in the transaction
per the contract.
Seller commences subsequent shipments on simple DIP/CI/PAY
basis. All BLCO cargo can be tracked.

Regards,

Contact: Ms. Sayali Mohite

Posted on : 07-Sep-2026
Posted From : India

Related Products / Keywords

• BLCO

• Petroleum