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Dec 16, 2022 · DIRECT SALE OF CRUDE OIL AND DIRECT PURCHASE OF PETROLEUM PRODUCT (DSDP) (2021 – 2022) TABLE OF CONTENT. ARTICLE 1 – DEFINITIONS AND INTERPRETATIONS. ARTICLE 2 – DURATION. ARTICLE 3 – CRUDE OIL DELIVERY OBLIGATIONS AND REMEDIES FOR DEFAULT OF LIFTING. ARTICLE 4 - PETROLEUM PRODUCTS DELIVERY OBLIGATIONS AND REMEDIES FOR DEFAULT.
These General Conditions shall constitute the standard and general terms and conditions applicable to the sale of Nigerian Crude Oil by the Nigerian National Petroleum Corporation and together with Part I form the Contract for Sale and Purchase of Nigerian Crude Oil. ARTICLE 1: QUANTITY MEASUREMENT. 1.1.
Dec 16, 2022 · NIGERIAN CRUDE OIL These general conditions shall constitute the standard and General Terms and Conditions applicable to the sale of Nigerian Crude Oil by the SELLER and together with Part I forms the Contract for the sale and purchase of Nigerian Crude Oil. ARTICLE 1 QUANTITY MEASUREMENT 1.1.
Dec 16, 2022 · (1) SELLER is willing to enter into crude oil sales and purchase contract with BUYER for the sale of ………………………………… Barrels per day of specified Nigerian crude oil for a period of ……………………………… subject to the terms and conditions specified under Part I and Part II of this Contract.
PART I CONTRACT FOR SALE AND PURCHASE OF NIGERIAN CRUDE OIL. THIS CONTRACT made on the ............of........ 2011 BETWEEN NIGERIA NATIONAL PETROLEUM CORPORATION, a Corporation established under the laws and acting on behalf of the Federal Republic of Nigeria having its head office at NNPC Towers, Herbert Macaulay Way, Central Business District
6) SELLER BANK RESPOND TO BUYER BANK WITH PRE ADVICE CONFIRMING THEIR READINESS TO ISSUE 2% BOND ON RECEIPT AND CONFIRMATION OF THE BUYER MT799 OR MT760 VALID FOR ONE YEAR AND ONE MONTH. 7) BUYER BANK SWIFTS MT799 BLOCK FUND VALID FOR ONE YEAR AND ONE MONTH ON THE SELLER APPROVED VERBIAGE TO THE SELLER BANK. 8) SELLER BANK SWIFT 2% PERFORMANCE ...
Since 2015 the government of Nigeria has made several public commitments to publish petroleum contracts: 2015 public statement by the minister of state for petroleum resources.
