MEMORANDUM OF SALES & PURCHASE AGREEMENT

PURCHASE OF AGO
ENTERED INTO ON THIS DAY 18 SEPTEMBER , 2017.

BETWEEN

BLUE ASSENT LTD

(Hereinafter called SELLER) of the first part.

(Compaany)
(Hereinafter called BUYER) of the second part,
 MEMORANDUM OF SALES & PURCHASE AGREEMENT
1. THE PRODUCT
The product offered by the Seller and accepted by the Buyer is AGO.
2. QUANTITY
The seller shall be supplying a quantity of about(35\\40,000MT) with possible rolls
and or extensions of +/- 5% of AGO.

3. PRICE N37 -4
Thirty less Four. Two naira to sellers agent and Two naira to buyers agent.

PROCEDURES:40,000MT AGO
PROCEDURE:
1) Buyer and seller agree MOU, sign and seal.

2) Buyer returns signed MOU with valid vessel details (CPA, Q88, and CHARTER RECIEPT &
ATL)

3)seller Pilot to board buyers vessel with coordinate for loading at international waters

4) Both buyer and seller will be in same hotel as vessel is positioned for loading

5) Buyers vessel longsides at loading point and loading commences. Upon ongoing loading buyer
pays 30% of required quantity and after completion of loading, vessel sails to free waters

6) Buyers inspector/supercargo onboard buyers vessel sounds the tanks at the loading point.

7) Seller will provides N3 per liter for documentation. (Optional)

8) Upon sounding of tank buyer will immediately make payment available to seller and to all
intermediary on the MOU on agreed mode of payment Vessel set sail

SELLERS BANKING DETAILSTO RECEIVE N33,00K PER LITRE

B A N K N A M E E
A D D R E S S
A C C O U N T N A M E B L U E A S S E N T L T D
A C C O U N T N U M B E R T B N
S W I F T C O D E T B N

SELLER AGENTN29,00K. N2:00 PER LTR

BANK NAME: S A M E A S S E L L E R
A D D R E S S :
A / C N A M E :
 MEMORANDUM OF SALES & PURCHASE AGREEMENT
A / C N U M B E R :

BUYERS ACCOUNT DETAILS

BUYERS BANK DETAILS. TO PAYN26.00K/LTR
BANK NAME
BANK ADDRESS
IN FAVOUR OF
ACCOUNT NUMBER
AC OFFICER

BUYERS MANDATE BANKING COORDINATE N1.00K PER LITRE

BANK NAME
BANK ADDRESS
IN FAVOUR OF
ACCOUNT NUMBER
AC OFFICER

BUYERS FACILITATORS BANKING COORDINATEN1.00K PER LITRE

BANK NAME
BANK ADDRESS
IN FAVOUR OF
ACCOUNT NUMBER
AC OFFICER
 MEMORANDUM OF SALES & PURCHASE AGREEMENT
SELLER: BUYER:
SIGNATURE: STAMP/SEAL SIGNATURE:

REPRESENDED BY:
M.D Sulaiman
POSITION: CHAIRMAN/CEO
Date: 18th September 2017

For And On Behalf of BUYER:

Signed by:
For and on behalf of Seller:
Date: FEBUARY 2th, 2016.