L&l Commodities is a L&L Commodities based in miami, USA. L&l Commodities is a member of exporthub.com since October, 2007. Our business is related to Business Services industry and we specifically deal in nigerian light crude oil of standard export grade. Please find our product details below:Crude OilCIF PROCEDURES: 1: Seller/Buyer Exchange LOI/FCO2: Buyer Accept & Sign/Return FCO with ICPO3: Seller Issue Draft Contract and Forward it to Buyer for review/signature.4: Seller charters Vessel and issues to Buyer CPA, Q88 and a written confirmation from Vessel owner under name of Buyer.5: Upon Vessel verification, Bank of the Buyer issues Letter of Undertaking (LOU) equal to cash value of monthly shipment.6: After Buyer confirmation/acceptance of Vessel, Seller under 72 hrs load Vessel and notify Buyer or his agent.7: Seller conclude loading and forward to Buyer Q&Q with B/L and any other relevant document as required.8: Buyer issues Non Transferable, Non Divisible, DLC in favor of Seller.9: Seller Vessel sail to Buyer destination to discharge cargo. Q&Q at discharge port on account of Buyer.10: All other terms/conditions as per contract. FOB PROCEDURES: 1. Seller/Buyer Exchange LOI/FCO2. Buyer Accept & Sign/Return FCO with ICPO3. Seller Issue Draft Contract and forward to Buyer for review/signature.4. Seller issue to Buyer written confirmation from NNPC London Office, stating genuine nature of allocation offered to Seller.5. Upon verification of written NNPC London confirmation letter, Bank of the Buyer issues Letter of Undertaking (LOU) equal to cash value of monthly shipment.6. Buyer sends all needed vessel information to Seller for Seller to call in Vessel for loading.7. Seller calls in vessel, concludes loading and forwards to Buyer Q&Q with B/L, SGS/Saybolt and any other relevant documents as required.8. Buyer issues Non Transferable, Non Divisible Documentary Letter of Credit to replace LOU.9. Vessel sails to destination to discharge cargo. 10. Buyer pays the Selle