Misc: Nigerian Crude Oil

This particular spam is so odd that I thought I'd share it. At first glance I thought it was going to be a 419 scam, what with the mention of Nigeria, but on closer inspection it's the weirdest spam ever: an attempt to sell twenty four million barrels of crude oil! Are they looking for really really rich suckers here, or what?

From: bright coker <coker_bright@yahoo.com>
Date: 12-Apr-2006 00:53
Subject: URGENT RESPONCE NEEDED


Dear Sir/madam
    This is an offer to you on Nigerian Crude Oil ( Bonny light ).Pls let me have
your leter of inttent .
Regards;

FOB TRANSACTION PROCEDURE

QUANTITY AND CARGO SIZE: the total contractual quantity is Twenty-Four
Million (24,000,000) Barrels (+/-5%), to be lifted in shipments of Two Million (2,000,000) barrels (+/-5%) per Month.

PRICE: The price payable by Buyer for the Crude Oil sold and delivered hereunder
shall be equal to the “Brent Price” (as defined below), as FOB Brent minus
discount of:
GROSS US$6.00 (US SIX DOLLARS); NET US $3.00 (US THREE DOLLARS) PER BARREL TO BUYER, AND US$3.00 (US THREE DOLLARS) AS SERVICE
FEES TO MANDATE, BROKERS AND FACILITATORS AS FOLLOWS: US$1.00 (US ONE DOLLAR) PER BARREL TO FIDUCIARY MANDATE, US$1.00 (US ONE DOLLAR) TO BUYER’S BROKERS AND FACILITATORS, US$1.00 (US ONE DOLLAR) TO SELLER’S BROKERS AND FACILITATORS.

TRANSACTION PROCEDURE

12.1 Seller and Buyer sign Sales/Purchase Contract Agreement with both Parties banking details and Cargo Information/Proof of Product [POP]
12.2  Within five [5] banking days from signing of SPA, Seller gives Corporate Letter of Commitment to Re-assign the product with the allocation number consigned to the Buyer and programs the product in the buyer’s name. Buyer’s Bank issues Letter of Payment Undertaking covering the Cargo, re-assignment and programming logistics to Seller’s nominated Bank and the balance to the account of the fiduciary mandate. 
i.                    Seller forwards Letter of Commitment to re-assign product.
ii.                  Buyer’s Bank raises a Letter of Payment guarantee /Undertaking of $170,000 to seller’s nominated bank and $180,000 handling fee to the fiduciary mandate.
iii.                Buyer nominates 2,000,000 million barrel capacity vessel and forward the Q88, Provisional Charter Party Agreement, to the Seller.
iv.                Seller program product for lifting in buyer’s name/vessel confirmable   
on SHELL GLOBAL NETWORK and Lloyds Screens at the Buyer’s Expense after loading.
12.3    Buyer confirms details of programming on SHELL GLOBAL NETWORKS and LLOYDS SCREENS.
12.4    Buyer formalizes vessel charter
12.5    After confirmation of programming in Buyer’s name/vessel, Buyer’s Bank shall issue Operative Irrevocable Confirmed and Divisible Letter of Credit for the total cost of the product and programming logistics.
12.6    Upon confirmation of Buyer’s Letter of Credit, Seller shall pilot Buyer’s 
Programmed Vessel into the appropriate Loading or Feeding Bay at                                Ima -Terminal off Bonny, loaded and/or fed in lots of 140,000 m/t per tranchee
          for a total of two [2] tranchees.
12.7    At the completion of the loading, expenses of quantity and quality test
          Conducted by Buyer’s nominated Inspectors [SGS agent] would be paid by
          the Buyer with test certificates and all the documents mentioned and listed
          in the SPA to be presented to the buyer’s bank with copies to the Buyer.
12.8    Buyers bank makes payment of Cargo, programming and handling fees, and Commission simultaneously by SWIFT Wire Transfer [KTT] upon presentation of all relevant shipping Documents issued in favour of the Seller.


TTT TRANSACTION PROCEDURE

1.    Price: Selling Price shall be the mean quotation of (3) days, on
DTB Platts, calculated around the Bill of lading date, less a discount of  US$8.00 per bbl (Gross) to Buyer and all Agents on both sides of Seller and Buyer. 
5. For the purpose of placing financial instruments, Buyer shall issue DLC, at the above stated platt price rate, less Buyer’s discount of US$5.00/bbl (Net), and such instrument shall be made in favour of Seller, Fiduciary Mandates, and all Agents on both sides of Seller and Buyer.

                              PROCEDURE
1.                  Sales and Purchase Agreement signed by the Buyer and Seller with their banking details

2.                  Buyer sends proof of Funds (POF), in the form of pre-advised DLC to the Seller’s Bank account, and release Q88 to Seller.

3.                  Seller’s Bank raise Cash Bond of US$100,000.00 as performance guarantee in favour of Buyer, to Buyer’s Bank, and this automatically activates Buyer’s pre- advised DLC to fully active and irrevocable, DLC.

4.                    Buyer sends CPA 1st & Last pages, along with Authority to load (ATL) to    the Seller.

5.        Seller upon confirmation of Payment instrument, and CPA, sends proof of product in form of Notice of Readiness (NOR) to the buyer’s vessel.

6.Buyer’s appointed inspectors perform Q+Q on board Seller’s vessel.                           

7. Buyer takes possession of loaded cargo and release payment to the nominated accounts
            Before the vessel depart to destination, against presentation of the following shipping documents.

                           
                  CIF PROCEDURE
THIS IS THE PROCEDURE FOR THE CIF. BUYER TO GIVE ACCEPTANCE LETTER IN CORPORATE LETTER HEAD, STATING BANKING DETAILS, ADDRESS ,SIGN AND RETURN TO SELLER TO ENABLE HIM ISSUE THE SPA. THANKS,

4.        PROCEDURES:

4.1Buyer signs for acceptance and returns SPA along with including buyer’s bankindetails to seller.
4.2 Buyer shall (through its Banker) issue POF to seller’s bank.
4.2        Seller’s Bank posts a transferable non-operative 2% bond to the Buyers Bank by swift.

4.3      Buyer’s Bank issues irrevocable and Non-transferable Letter of Credit to Seller’s Bank by swift to the benefit of seller. This would activate the 2% bond.

4.4      Upon confirmation of L/C by Seller’s Bank from Buyer’s Bank. The Seller nominates vessel(s) giving her name including the particulars by “Q ‘88” for the Buyer to verify, to approve and confirm acceptance within 24 hours.

4.5      After the Buyer has confirmed acceptance of the vessel, Seller LOAD vessel and notifies buyer for buyer’s verification.

4.6      Seller loads vessel and NOR is sent to buyer for preparation for discharge of the product to buyer’s storage tank.

4.7      Vessel set to sail to buyer’s designation to discharge cargo to buyer’s storage tank.

4.9              In the event that the Seller fails to deliver as stipulated herein, the buyer is entitled to confiscation of the Performance Bond.

All other terms and conditions according to the sale and purchase Agreement.


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