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BETWEEN

SELLER
NORTHFIELD RESOURCES MGT LIMITED

CONTRACT NO: MIR/200803/TTT/TANK FARM DELIVERY


SELLER’S TRANSACTION CODE: RH/MIR/202017
AND

REPRESENTED BY

This Agreement is made on this: JANUARY 3rd, 2018


SELLER: NORTHFIELD RESOURCES MGT LIMITED
(Herein after referred to here as the seller)
and referred to here as the Buyer:

3. PRODUCT: {Automotive Gas Oil} {AGO}


4. QUANTITY: 10,000MT
5. QUALITY: AGO– NNPC grade.

6. DELIVERY: Lagos Tank Farm.

7. PRICE: N144.00 LESS 3


Commission: N3:00. SELLER’S SIDE CLOSED N1:00 BUYER’S SIDE OPEN N1:00.
BUYERS MANDATE AND FACILITATORS
SELLERS MANDATE AND FACILITATORS
CLAUSE 8 – Payment

8.1 IN NAIRA, BY IBPU /or BG to the SELLER’S BANK ACCOUNT.

.2 The amount in NAIRA corresponding to the Purchase of 10,000MT EACH SLOT


DELIVERY.-OR A FRACTION THEREOF (SGS REPORT SPECIFICATIONS).

3 The banking charges for the transfer of payment will be borne by BUYER.

8. CLAUSE 8b – Claims:
8.1 Any claims that either party may have, due to an occurrence, has to be submitted in
writing to the other party within a period of ten (10) days from the date of that
occurrence.
8.2 In the event that the quality of any one of the batches fails to comply with the
contractual

9. INSPECTION:
To be conducted by buyer’s nominated Inspectors on Buyer’s account.
THIS PROCEDURE IS REGARDED AS A LEGAL DOCUMENT AND IT IS
ENFORCEABLE BY LAW.

PROCEDURE: (STS &TANK FARM DELIVERY LAGOS)

ARTICLE 10: TRANSACTION DYNAMICS (PROCEDURE):


1) Seller drafts Contract/SPA and sends to Buyer for signing, sealing and
other information as may be necessary and exchange the signed copies by
electronic mail. The electronic signed copies by both parties are considered
legally binding and enforceable in the law court. The executed SPA is lodged
in their respective banks;

2) Buyer returns signed SPA with:


a)Tank farm details (Charterer receipts/Throughput agreement);
b) NOR format; & BLOCK FUND OR Buyer ESCROW 100Million in the
favour of seller bank for NOR.

3) Upon seller's satisfactory verification/confirmation of Buyer's claims as


stated above, seller instructs his Captain to send NOR to the Buyer's
nominated Tank farm and copy all major stakeholders for necessary action;
Upon Buyer's confirmation/acknowledgement of MNOR by the Tankfarm
manager, Seller’s captain sends NOR/ETA. Seller clear the vessel to buyer
Tank farm. Upon receipt/confirmation of Q&Q
4) Buyer inspectors confirms product. & unblock the ESCROW 20mill Naira
becomes cash able & releases Irrevocable bank payment undertaking (IBPU)
covering the entire agreed quantity.

5) Upon Seller's confirmation of release the letter of IBPU/logistics, cargo


moves to the Tank farm for discharge.

6) Upon successful Q&Q tests, cargo discharge, documents issued and full
payment made

11. GENERAL: Buyer& Seller both agree and hereby append their signatures
and Seal to comply with the terms and conditions.

REQUIRED MESSAGE:Text Message: The S.W.I.F.T. or Clear Stream text message


covering all remittances shall clearly state the following: "CLEAN, CLEARED, LIEN
FREE AND UNENCUMBERED FUNDS, EARNED FROM FINANCIAL CONSULTING FEES ON
COMMERCIAL ENTERPRISES OF NON-CRIMINAL AND NON-TERRORIST ORIGINS, KNOWN
BY BUYER, FOR SAME DAY SETTLEMENT.

SELLER‘S BANK RECEIVES N20MIL ESCROW FUND / IBPU &


N141:00K ( IMFPA)
NAME OF BANK Zenith Bank Plc
BANK ADDRESS Aka Road Uyo
AKWA IBOM STATE.
SORT CODE
BENEFICIARY ACCOUNT NORTHFIELD RESOURCES MGT LIMITED
ACCOUNT NUMBER 1015073618
ACCOUNT OFFICER Mr Asuquo ita
ACCOUNT OFFICER EMAIL asugua.ita@zenithbank.com

SELLER’S AGENT COORDINATE TO RECEIVE N0.70K/LTR


BANK: GTBANK PLC
ADDRESS: AKOWONJO LAGOS
ACCOUNT NAME 0ARHE ODION GEORGE
SORT CODE: 058152366
ACCOUNT NUMBER: 0251902268
ACCOUNT OFFICER
ACCOUNT OFFICER
EMAIL
A/C OFFICER PHONE

SELLER’S MANDATE COORDINATE TO RECEIVE N0.30K/LTR


BANK: GTBANK PLC
ADDRESS: ORILE COKER
ACCOUNT NAME ELIGBUE CHARLES
SORT CODE:
ACCOUNT NUMBER: 0208713734
ACCOUNT OFFICER
ACCOUNT OFFICER EMAIL
A/C OFFICER PHONE
INTERMEDIARIES MANDATE COORDINATE TO RECEIVE
N0.20K/LTR
ACCESS BANK OFFSHORE and INLAND FUND
PAYMENTS
SEND FUNDS TO CITIBANK NY, 111 Wall Street, New York, N.Y. 10043
SWIFT CODE CITIUS33
ABA IDENTIFICATION Commented [PETROTRAD1]:

FOR CREDIT TO 021-000-089 ACCESS BANK, PLC


ACCOUNT NUMBER 36145842
BANK ADDRESS 41, IDIMU STREET, IKOTUN, NIGERIA
FINAL CREDIT TO DAVID ADEYEMI ADEDIPE
ACCOUNT NUMBER <0037202639>
REQUIRED MESSAGE: The S.W.I.F.T. or Clear Stream text message covering all remittances shall clearly state the
following: Clean, Cleared, Lien free and unencumbered funds, earned from financial consulting fees on Commercial
Enterprises of Non-Criminal and Non-Terrorist origins, for same day settlement. All Wire transfers shall incorporate
above

INTERMEDIARIES AGENTS GROUPS BANKING CORDINATES TO


RECEIVE N0.15K/LTR (HON. PAT EZE ,ANTHONY GROUP MOU
CLOSED).(DO NOT TOUCH)
NAME OF BANK G T B
A D D R E S S EFFURUN,WARRI.DELTA-STATE.
ACCOUNT NAME C H R I S T O P H E R . E . B U R U
A C C O U N T N O 0 2 4 8 0 8 7 1 1 6
S O R T C O D E 0 5 8 - 0 8 3 9 7 2
S W I F T C O D E G T B I N G L A

INTERMEDIARIES AGENTS GROUPS BANKING CORDINATES TO


RECEIVE N0.15K/LTR
BENEFICIARY BANK FIDELITY BANK PLC
BANK ADDRESS IYANA-IPAJA, LAGSO-STATE
SWIFT CODE FIBINGLA
ACCOUNT NAME CHENEWA ESTHER.N.
ACCOUNT NUMBER: 6235132209
BANK OFFICER:
WIRE /DRAFT INSTRUCTION COMMISSION PAYMENT FOR SALE OF BLCO
SPECIAL INSTRUCTIONS FUNDS ARE CLEAN AND CLEAR, OF NON-CRIMINAL ORIGIN AND ARE
PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY RECIPIENT’S BANK.

INTERMEDIARIES AGENTS GROUPS BANKING CORDINATES TO


RECEIVE N0.20K/LTR (HON. PAT EZE ,ANTHONY GROUP MOU
CLOSED).(DO NOT TOUCH)
NAME OF BANK G T B
A D D R E S S K A U R A N A M O D A , A B U J A .
ACCOUNT NAME M O H A S T E P H E N N W A E Z E
A C C O U N T N O 0 2 4 4 1 9 7 5 2 7
S O R T C O D E 0 5 8 - 0 8 3 9 7 2
S W I F T C O D E G T B I N G L A

INTERMEDIARIES AGENTS GROUPS BANKING CORDINATES TO


RECEIVE N0.20K/LTR CLOSED
BANK NAME: FIRST BANK PLC
ADDRESS: IKOTUN EGEBE,LAGOS
SORT CODE:
EMAIL
FOR CREDIT TO: NWANOKWAI CHUKS

BENEFICIARY
ACCOUNT NUMBER: 3097454156
TEL NUMBER
ACCOUNT OFFICER:

INTERMEDIARIES AGENTS GROUPS BANKING CORDINATES TO


RECEIVE N0.10K/LTR CLOSED

BANK NAME FIRST BANK


BANK ADDRESS

SORT CODE
ACCOUNT NAME ADEBOYEJO O. JERRY
ACCT NUMBER 2010286665

ACCOUNT OFFICER NAME


ACCT. OFFICER PHONE NO.

Email:

BUYER'S ACCOUNT TO PAY N144.00 PER LITRE


BANK NAME

BANK ADDRESS

SORT CODE
ACCOUNT NAME
ACCT NUMBER
ACCOUNT OFFICER NAME
ACCT. OFFICER PHONE NO.

Email:
SPECIAL WIRING INSTRUCTIONS: Pre advice must be sent via SWIFT prior to wire transfer. Email a notification immediately
upon each trenches transfer payment together with the transaction code(s) to:
REQUIRED MESSAGE: All transfer instructions shall state: "Funds are clean and clear, of non-criminal origin and are
payable in cash immediately upon receipt by beneficiary's bank."

BUYER MANDATE /FACILITATOR ACCOUNT TO RECEIVE N1:00KPER LITRE

BANK NAME
BANK ADDRESS

SORT CODE
ACCOUNT NAME OPEN
ACCT NUMBER
ACCOUNT OFFICER NAME
ACCT. OFFICER PHONE NO.
Email:
SPECIAL WIRING INSTRUCTIONS: Pre advice must be sent via SWIFT prior to wire transfer. Email a notification immediately
upon each trenches transfer payment together with the transaction code(s) to:
REQUIRED MESSAGE: All transfer instructions shall state: "Funds are clean and clear, of non-criminal origin and are
payable in cash immediately upon receipt by beneficiary's bank."

IN WITNESS WHEREOF the parties hereto declare that they have read and understood this
Contract and are fully aware of the interpretation of all the provisions, terms and conditions herein
and further that they have signed by their hand below, and have accepted and approved all
covenants, terms and conditions of this Contract.
We, hereby with full corporate responsibility and with the power vested in its Officer,
accept, confirm and agree to abide by this Contract.
We, hereby with full corporate responsibility and with the power vested in its
Officer, accept, confirm and agree to abide to this Contract.
NOTE: Prior written authorization and confirmation of approval is required for
ANY contact with Buyer’s or Seller’s Bank branches; there are no exceptions.
The Buyer and Seller reserve the right to change their Banking Institution. Said
change shall not interfere, disrupt or delay the time table as set within this
contract. Said change information shall be forwarded to the other party within
twenty-four hours of the change via email, fax or other written documentation.

CONCLUSIONS DECLARATION AND SIGNATURES


All parties to this Agreement hereby agree to be bound by the Terms and Conditions stipulated
herein.

IN WITNESS WHEREOF, the parties have understood all of the terms and conditions of this
Sales Agreement and hereby agree to honor all clauses with the privileges, rights and
immunities pertaining therein, making this Sales/Purchase Agreement effective on and as of
the Effective Data upon signing by all parties. This Agreement is executed in multiple
counterparts. Facsimile copies of the signed Sales/Purchase Agreement are hereby accepted as
originals, and will be deemed to be valid and effective for all purposes. The parties will
distribute the original copies among themselves promptly.

For and on behalf of the Seller:


NORTHFIELD RESOURCES MGT LIMITED

Name: CHIEF UFONDU EDWARD OKWUDILI


Title: CEO/MD
Signed this Day: 3rd JANUARY , 2018
This contract can be signed electronically, and be considered fully enforceable.

IN WITNESS WHEREOF, the parties have executed this agreement as on 3rd JANUARY ,
2018.

Chairman/CEO

SIGNED, AGREED AND ACCEPTED ON BEHALF OF THE BUYER


Company's Name:
END OF CONTRACT