N.N.P.

C / SHELL / AGIP
JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

SALES & PURCHASE CONTRACT

SELLERS NAME:
REGISTRATION NUMBER:
HOME ADDRESS:
REPRESENTATIVE ADDRESS:
REPRESENTED BY:
DESIGNATION:
NATIONALITY:
PASSPORT NUMBER:
PASSPORT EXPIRATION DATE:
MOBILE NUMBER:
TELEPHONE NUMBER:
EMAIL:

BETWEEN

DUBEGS GLOBAL CONCEPTS NIG LTD
TBA
NO 162 AWOLOWO WAY RADIO BUSTOP ALAUSA
IKEJA
PLOT 42 ACME ROAD AGIDINGBI IKEJA LAGOS
IFEAYI CHRISTIAN OGUZIE
MD, MANAGING DIRECTOR
NIGERIAN
A05099823
25TH, AUGUST, 2018
TBA

Hereinafter referred to as Seller/Supplier;

AND

BUYERS NAME:

IN JOINT VENTURE AGREEMENT
ADDRESS:

REPRESENTED BY:

DESIGNATION:

MOBILE NUMBER:

TELEPHONE NUMBER:

EMAIL:

Hereinafter referred to as Buyer with Business Office situated at

SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

WHEREAS: The Seller/Supplier makes an irrevocable and firm commitment to source and supply, and the
Buyer also makes an irrevocable and firm commitment to purchase and take delivery of the said product.
WHEREAS: The Buyer and the Seller/Supplier are desirous to purchase and supply respectively the said
product under the terms and conditions contained herein in the agreement. Therefore, for and in
consideration of the promises, mutual covenants and agreement herein contained; Seller and Buyer
contract as follows:
ARTICLE 1: PRODUCT AND ORIGIN
The product to be supplied under this agreement shall be BLCO. The country of origin of the product is
Nigeria.
ARTICLE 2: QUANTITY
Cargo size shall be 280,000 MT (Two Million Barrels) +/- 5 percent in Buyers as agreed by operational
shipping tolerance and subject to the Loading Terminals acceptance.

ARTICLE 3: PRODUCT QUALITY/SPECIFICATIONS
The quality of the product to be supplied under this agreement shall be of normal export quality as made
available at the time of loading for standard BLCO.
ARTICLE 4: DURATION /TIME PERIODS
POSSIBLE RESOLVING DEAL FOR TWO YEARS
ARTICLE 5: DELIVERY:
DIP AND PAY ON CHINA WATERS
ARTICLE 6: QUALITY AND QUANTITY INSPECTION
Buyer will nominate a mutually agreed independent inspector and the costs shall be borne by the Buyer.
Findings of Inspector to be deemed as final and binding for all parties.
ARTICLE 7: PRICING
Buyer shall pay to Seller for each Barrel of the crude oil based on Bill of Lading figures, net of bottom
sediments and water; The DIP AND PAY price for the crude oil shall be the average of the Brent (Dtd) mean
quotations as published in Platts crude oil market wire effective for five consecutive publishing as follows:
Average of : (-2) 2 days Prior to Bill of lading Date, (0) 1 day Bill of lading date, (+2) 2 days after B/L Date
At US$10.00 Less $4.00 ($2.00 to Buyers Agent(s) and $2.00 to Sellers Agent(s). USD $6.00 NET TO BUYER
SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

ARTICLE 8: MODE OF PAYMENT
Buyer to open a LC/ BG) in favor of the seller from () to sellers bank of choice. Documents will be presented
for acceptance and negotiation at the counters of () only.
Payment shall be made in UNITED STATES OF AMERICA DOLLAR ($) by swift wire transfer, in full without
discount, withholding, set off or counterclaim, latest 2 calendar days after and upon presentation of the
following original shipping documents

Clean Ocean Bill of Lading, One (1) Original and three (3) copies.
Sellers Commercial Invoice, One (1) Original and three (3).
Certificate of Origin issued by NNPC, One (1) Original and three (3) copies.
Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies
Certificate of ownership.
Masters Receipt for Samples
Masters Receipt for Documents
Cargo Manifest

All bank charges, including communication charges, incurred at Seller's bank shall be for Seller's account.
All other charges incurred at Buyer's bank shall be for Buyer's account.
ARTICLE 9: SEVERABILITY CLAUSE:
If any provision (s) of this agreement is/are found and determined to be invalid or unenforceable by court
of Competent Jurisdiction or appropriate arbitration tribunal, such ruling be final, binding and conclusive
on all parties, but shall not affect the validity or enforcement of any clauses contained herein.
ARTICLE 10: LAW AND DISPUTE RESOLUTION:
This Agreement shall be governed by and construed in accordance with the laws of the Federal republic of
Nigeria.
The Parties hereto also accept alternatively, London High Court as the proper legal venue for the
settlement of any controversy or dispute that may arise in connection with, or as a result of, the
Agreement without recourse to arbitration;
SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

The United Nations Convention on Contracts of the International Sale of Goods (1980) shall not govern this
Agreement or the performance thereof.
ARTICLE 11: PROCEDURE FOR CIF
1. Buyer & Seller Sign & Seals Contract and exchange the signed copy by electronic mail. The electronic
signed copy by both Parties is considered legally binding and enforceable.
2. Seller avails Buyer Cargo documents on China waters in QUINGDAO port. Buyer confirms the POP and
places by Swift, PRE-ADVICE OR CONDITIONAL MT103/72 TEXT, FOR ONWARD RE-AIGNALE OF ALL CARGO
DOCUMENT AND TRANFER OF TRANFER OF WARRANTY AND TITLE OF ONWERHIP DOCUMENT.
3. The Swift TEXT for the Cargo is verified and Vessel Makes announcement on behalf of the Buyer and
Captain immediately issues Marine Authority To Board for confirmation and Quality/Quantity Inspection.
4.QnQ report is released to the Seller/Buyer and after confirmation the Buyer issues acceptance letter.
5. Product is delivered to Buyer's nominated Port of Discharge against presentation of stated shipping
documents, Q & Q reports, Commercial Invoice, etc. (non-negotiable copies) at the Buyer's bank.
6. Within 48 hours after discharge, the Captain releases the Discharge Certificate (DC) and Master Receipt
(MR) to Buyer and Seller.
7. Payment for the crude oil shall be made by the Buyers bank via Swift Wire Transfer MT103, to the
Seller's designated bank account, and the bank accounts of all Mandates, Agents, and Consultants before
discharge of the crude oil at Buyers Port of Destination. Buyer pays for the crude oil as per the final Q and
Q issued by independent
Inspector at the port of discharge per Seller's Pay Order.
ARTICLE 12: NON CIRCUMVENTION AND NON-DISCLOSURE
1. The parties irrevocably agree not to circumvent, or by pass each other, or any of the brokers directly or
indirectly, to avoid payment of fees or commissions in any product or services, any additions, Renewals,
extensions, rollovers, amendments, negotiations, new contract or third party assignments thereof. The
parties do hereby accept and agree to fulfill all obligations due to the brokers and intermediaries
throughout the duration of this contract and subsequent transactions, renewals, rollovers and extension
with variation or modification of the same according to the terms at the time.

2. In the event of direct circumvention through a third party, the circumvented broker shall be entitled to a
legal monetary award equal to the maximum services it should have realized from the recovery of the
funds, including but not limited to attorney fees, cost and disbursements as permitted by law, and
statutory interest thereon.
SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

3. The parties hereby agree that this contract and its content are confidential and shall be treated as such.
Neither party shall disclose any information with regards to this contract to any third party unless
necessary for the successful completion of this transaction, save as necessary within the law to do so.

ARTICLE 13: COMMUNICATION
Both parties agree that any dissemination or communication of information required or allowed to be
forwarded to either party shall be in writing in English language only.
ARTICLE 14: OTHER TERMS
1. Neither Seller nor Buyer shall assign the whole or any part of its rights and obligations
hereunder without the prior written consent of the other party.
2. After signing of the present Contract all previous negotiations and correspondence between the Parties
in connection with the Contract shall be considered null and void.
3. All amendments and additions to the present Contract are valid only if agreed to by both Parties and
made out in writing signed by both Parties.
4. UCP Rules and regulation govern all financial Clauses.
5. INCOTERMS with latest amendments govern relevant terms of contract

By signing this Agreement in the places provided herein below, the Seller and the Buyer agree to be bound
by the provision hereof. In witness thereof, both parties hereof have signed and dated this contract with
the corporate sealing respectively on the date mentioned above.
BANKING COORDINATES:

SELLER ACCOUNTS COORDINATES:

CORRESPONDENT BANK NAME

SWIFT CODE
ABA ROUTING NUMBER
IN FAVOUR OF
ACCOUNT NUMBER
SWIFT CODE
ADDRESS
FURTHER CREDIT TO
DOMICILIARY ACCOUNT NO
BANK OFFICER
EMAIL



SELLER

UNITED BANK FOR AFRICA PLC,NIGERIA

UNAFNGLA
033154240
DUBEGS GLOBAL CONCEPT NIG LTD
1018017783
Unafngla

42,ACME ROAD ALAUSA IKEJA LAGOS

DUBEGS GLOBAL CONCEPT NIG LTD
1018017783
RASHIDAT ADEWUMI
Rashidat.aderogba@ubagroup.com/+23480231664444

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

SELLER MANDATE ACCOUNTS COORDINATES: USD$1:75c PER BRL

BANK NAME: Guaranty Trust Bank Plc

BANK ADDRESS: Old bridge road, Makurdi- Benue State
ACCOUNT NAME: Danihopewell Services Limited
ACCOUNT NUMBER: 0027858676
SORT CODE: 058053818
ACCOUNT OFFICER: TBA
ACCOUNT OFFICER EMAIL:TBA

FACILITATOR BANKING CO-ORDINATES: USD$0:25c PER BRL(Group Closed )
NAME: GUARANTY TRUST BANK PLC,
BANK ADDRESS: EAST WEST ROAD, RUMUOKORO, PORTHARCOURT
ACCOUNT NAME: BENDINFEILD INTERNATIONAL LIMITED
ACCOUNT NUMBER: 0038386342
SORT CODE: 058215012
BANK FAX:
BANK TEL:

BUYERS BANKING COORDINATES:
CORRESPONDENT BANK NAME
SWIFT CODE
ABA ROUTING NUMBER
IN FAVOUR OF
ACCOUNT NUMBER
SWIFT CODE
ADDRESS
FURTHER CREDIT TO
DOMICILIARY ACCOUNT NO
BANK OFFICER
EMAIL

SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

BUYERS MANDATE, FACILITATOR & PAYMASTER BANKING DETAILS USD$1.25 PER
BBL(PHILIPPINES)
CORRESPONDENT BANK NAME

SWIFT CODE
ABA ROUTING NUMBER
IN FAVOUR OF
ACCOUNT NUMBER
SWIFT CODE
ADDRESS

FURTHER CREDIT TO

DOMICILIARY ACCOUNT NO

BANK OFFICER

EMAIL


FACILITATOR BANK DETAILS TO RECEIVE USD$0.40c per barrel (NIG)
BANK NAME

GUARANTY TRUST BANK PLC,

ADDRESS:

TRANS-AMADI IND; LAYOUT; P/HC

A/C NAME

N.TONYSON INTERNATIONAL COMPANY

A/C NUMBER:

0037768244

SORT CODE:

058215012

REQUIRED MESSAGE:

The Transfer 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.

FACILITATOR BANK DETAILS TO RECEIVE $0.35c per barrel (CAMBODIA)
BANK NAME

ACLEDA BANK, PLC.

BANK ADDRESS
SWIFT CODE

#61 Preah Monivong Blvd., Sangkat Srah Chork, Khan Daun

Penh, Phnom Penh, Cambodia
ACLBKHPP

ACCOUNT NAME

JB GLOBALTECH SOLUTIONS CO., LTD.

ACCOUNT NUMBER

0001-02155336-16

TELEPHONE No.

(855)23-994 444 / 15-999 233

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

SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

Seller and Buyer reserve the right to change banking details ONLY upon prior written or oral consent of
the other party.

Declaration: The undersigned declare that the foregoing instrument fully sets forth the entire agreement
between the parties and that the signatories below have been fully and duly authorized to enter into and
bind each representative company to the contract.
In witness whereof, the parties have executed this Agreement by duly authorised officers as witnessed
below.

ARTICLE 15: PRE-ADVICE OF MT1O3/23 FREE TEXT VERBIAGE AND SELLER NOMINATED ACCOUNT TO
RECEIVE THE LETTER

APPENDIX A

PRE-ADVICE Text of SWIFT MT103 (ONE WAY )

ISSUING BANK
BANK NAME:
BANK ADDRESS:
SWIFT:
ACCOUNT NAME:
ACCOUNT NUMBER:
BANK OFFICER:
BANK PHONE:
BANK FAX:

RECEIVING BANK

Danske Bank
BANK ADDRESS: Postboks 1170 Sentrum, 0107 Oslo, Norway
SWIFT: DABANO22
ACCOUNT NAME: Cesium AS
ACCOUNT NUMBER: 81013537895
BANK OFFICER: Mr. Ragnvald Olav Mosand
BANK PHONE: +47 915 06030
BANK OFFICER EMAIL: ramo@danskebank.no
BANK NAME:

SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

ATTENTION: DUBEGS GLOBAL CONCEPTS NIG.LTD
ORDERING CUSTOMERS MESSAGE

WE, (BANK NAME AND ADDRESS) , HEREBY PRESENT OUR

NEGOTIABLE, CALLABLE, ASSIGNABLE, TRANSFERABLE AND DIVISIBLE,CASH BACKED STANDING SWIFT MT1O3 TO
THE ORDER OF OUR CLIENT
, ACCOUNT NUMBER : XXXXXX, IN THE AMOUNT OF 93,000,000.00 (
NINETY-THREE MILLION USD) FOR INVESTMENT.
WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS OF NON-CRIMINAL ORIGIN AND
ARE FROM A LEGAL SOURCE AND THAT THESE FUNDS ARE FOR SOLE AND EXCLUSIVE BENEFITS OF..........,
ACCOUNT NO.:.
THIS UNCONDITIONAL, IRREVOCABLE, ASSIGNABLE, TRANSFERABLE CASH BACKED STANDING SWIFT MT1O3
TRANSFER IS VALID FOR SAME DAY PAYMENT, THE DAY OF RECEIPT.
THIS IS AN OPERATIVE INSTRUMENT FOR ON BEHALF OF OUR CLIENT WITH THE ACCOUNT NUMBER XXXXXXX,
AT BANK OF
, WHICH IS SUBJECT TO THE INTERNATIONAL
REMITTANCE REGULATION OF BANK OF .......TO EXTERNAL BANK ACCOUNTS PAYMENT, AND IS VALID FOR A TERM
OF ONE MONTH (30-DAY) FROM THE TRANSMISSION HEREOF. PLEASE ADVICE BENEFICIARY OF THE TRANSFER
FUNDS AMOUNT OF ( NINETY-THREE MILION USD ONLY).
NO MORE FURTHER CONFIRMATION EITHER BY MAIL OR PHONE/ FAX AND NO HARD COPY WILL FOLLOW.
FOR AND ON BEHALF OF BANK OF
Name of Bank officer (1) Officers Code:

Name of Bank Officer (2)Officers Code:

SELLER: DUBEGS GLOBAL CONCEPT

SELLER

BUYER

N.N.P.C / SHELL / AGIP

JOINT VENTURE OPERATORS
BONNY TERMINAL, BONNY ISLAND

Transaction code: DUBEGS GLOBAL CONCEPTS NIG,LTD

SIGNATURE/SEAL:
REPRESNTED BY: IFEANYI CHRISTIAN OGUZIE
TITLE: MD, MANAGING DIRECTOR
WITNESED BY: MATTHEW ABAH
DATE: 23/10/2015

ADDRESS: AS STATED ABOVE

BUYER:

REPRESENTED BY:
TITLE:

ADDRESS:

DATE:

PHONE:

EMAIL:

SIGNATURE/SEAL:



TBA
TBA

SELLER

10

BUYER