World's Leading Industry Corporation
RUNEZ INDUSTRIES LIMITED
We Sell Various Petroleum Products To Countries Around The World
RUNEZ INDUSTIRES LIMITED is one of Nigerian’s leading integrated OiL & Gas. RUNEZ Industries Limited has been in existence but was incorporated in November 4th 1992 but commenced full operations in 1993, following the deregulation of the downstream sector of the oil and gas industry by the Federal Government of Nigeria.
RUNEZ INDUSTIRES LIMITED is an oil and gas marketing, trading and supplies company incorporated with a commitment to advance the security and sustainable supply of oil and gas to homes, small/medium scale businesses, public establishments large industries, construction companies, oil and gas companies, power companies and both Federal/State Parastatals and Agencies.
Our services and operations are enhanced by the presence of a core group of on-staff experts and a central brain trust whose responsibility is to offer a spectrum of convenient options to a growing customer base. We have continued to redefine sustainable supply of energy to power the Nigerian economy.
Today, we can boldly say that we have created numerous service options to offer our expanding customer base with world-class assistance on time, all the time. we believe in excellence, perfection and standing out in every service we offer to our clients. This we achieve by offering unforgettable customer service, that keeps our customers glued to us and keep them coming back.
Chief Rufus Mmaduka Nezianya. (Chairman/C.E.O)
30+ Years Of Consistent Excellent Service
RUNEZ Industries Limited was incorporated in November 4th 1992 but commenced full operations in 1993, following the deregulation of the downstream sector of the oil and gas industry by the Federal Government of Nigeria.
OUR TEAM
Chief Rufus Mmaduka Nezianya (Chairman/CEO)
Mr Daniel Somtochukwu Nezianya (Director)
Esv Andrew Olisa Egbunike (Mandate)
COMPANY POLICY
High level of integrity and has zero tolerance to fraud
RUNEZ INDUSTRIES LIMITED is a sincere organization with high level of integrity and has zero tolerance for fraudulent intents and individuals.
Client satisfaction and the accomplishment of their business mission are of utmost priority to the company.
RUNEZ INDUSTRIES LTD is well organized company and our services are for people who appreciate our value.
Runez Industries is a leading international company in the world. Our services are top-notch and we are dedicated to your total satisfaction
OUR QUALITY SERVICES
We import refined petroleum products like Premium motor spirit (PMS), Automotive Gas Oil (AGO), Dual Purpose Kerosene (DPK), and base oils, for the NNPC and individual consuming companies, as well as marketers and retailers.
Marketing and Distribution (both onshore and offshore) of Various Petroleum.
RUNEZ PROCEDURES
TTO LOME /GHANA PROCEDURES FOR AGO OR BLCO.
1. Seller sends SPA
2. Buyer signs and returns with his ATB format, TUG BOAT, SHIPPING AGENT with supercargo and inspector details.
3. Buyer sends his CIS to seller to enable seller to get a Nominated Fiduciary account that will receive the Instrument.
(Note: if buyer will use instrument provider, then CIS will come from provider)
3a. Buyer’s bank issue Pre-advise to Seller’s Nominated fiduciary account. Fiduciary bank acknowledge.
4. Buyer issues Instrument SBLC minimum of $5,000,000 (five million dollars) from any prime bank
5. Seller Confirm the Instrument and LOAD VESSEL. Order Captain to issue NOR/ETA, with Cargo/Vessel documents as follows.
Q88, BILL OF LADING, CERTIFICATE OF ORIGIN, CARGO MANIFEST, PRODUCT SPECIFICATION CERTIFICATE, CREW LIST, SANITATION REPORT, LAST PORT OF CALL/ DISCHARGE
6. Buyer or buyer’s shipping agent acknowledge the NOR/ETA.
7. Captain move VESSEL to Lome when arrived, Captain issue NOA in buyer’s name and Harbour master and shipping agent acknowledge.
8. Buyer, at his expense, shall do e-booking at Lome Port Authority and forward a copy of the E-Booking Declaration to Seller and Seller’s vessel captain.
9. Upon seller’s Vessel Captain receiving E-Booking Declaration, at the position in LOME waters the Seller’s captain shall make the announcement in buyer’s name by radio to the LOME HARBOUR Master and the Buyer’s Shipping Agent to allow the Buyer to secure the vessel by the Navy or port Authority.
10. After successful announcement and securing of the vessel in LOME Port.
11. Seller/Captain issues MATB and CLEARANCE to enable buyer to board his inspector and Supercargo for physical confirmation and Q&Q analysis and after Attestation signed by Captain and supercargo, Buyer will pay $1,000,000. USD for documentations.
12. Upon Q&Q result coming positive, Seller issues all the cargo documents and his commercial INVOICE in Buyer’s name to be paid via Mt 103 less $1,000,000. Simultaneously pays all commissions of all intermediaries.
13. Seller confirms payment and handover complete cargo documents to Buyer and introduce Buyer to vessel handler for discharge or recharger.
14. Next shipment commence.
C.I.F PROCEDURE
1. Sign SPA: Buyer Sign & Seal the Contract and return Copy by Electronic Mail. The Electronic Signed Copy by Both Parties Is Considered Legally Binding.
2. Buyer returns signed copy with International Passport, COMPANY PROFILE, CIS of the BUYER/OFFTAKER, Company Certificate, POD/Harbor Agent Details and ETA/NOR Format.
3. Buyer’s Issuing bank will issue RWA to issue SBLC of $xxxx.xxm to the buyer, which buyer will copy to seller.
3a. If buyer uses an Instrument provider, the provider’s bank issue RWA to the provider, which will be copied to seller through buyer with provider’s CIS.
3b. Buyer has to send both RWA and CIS to seller to enable seller get nominated account that will receive instrument.
4. Issuing bank will issue Pre-advise to Seller’s Nominated fiduciary account. Receiving bank acknowledge and state their readiness to receive the SBLC.
5. Buyer issues Instrument SBLC of $xxxx.xxm, from any top 25 TO 50 prime Bank.
6. Seller confirm the instrument. Seller Load vessel or nominate a loaded vessel and release full set of Documents in buyer’s name and move the vessels to Buyer’s Port of Discharge with periodic NOR/ETA to the Buyer and to Buyer’s Port of discharge.
7. At Buyer’s port of discharge, Buyer’s Shipping Agent clears vessels and pay all port and custom charges with copies released to the Seller.
8. Sellers’ Captain Issues Authority to Board (ATB) to enable Buyer’s independent inspection to board the loaded vessels for Quality and Quantity (Q&Q) analysis at Buyer’s discharge port.
9. After QNQ/CIQ, Inspector’s release report to both parties while Seller provides commercial invoice, and nominate account to receive full cargo payment
10. Buyer’s bank within 48hrs after Successful QnQ results, pays via cash wire transfer for the entire cargo to Seller’s bank accounts based on QnQ result and Seller’s commercial invoice only.
11. Seller confirms payment and authorizes Captain to discharges cargo into Buyer’s tank storage. Seller Pays Commission to all BENEFICIARY according signed contract and IMPFA.
12. Seller issue title documents to the Buyer and pay agents fees as agreed.
PROCEDURE FOR FOB DELIVERY BLCO TRANSACTION
1. Seller Issues Sales Purchase Agreement. (S.P.A) Buyer And Seller
Sign And Lodge In Their Banks. The Electronic Signed Copy Of Spa By Both Parties Is Considered Legally Binding And Enforceable.
1a. Buyer Issues Their Cis/Kyc
2. Buyer’s Bank Will Send Rwa To The Buyer, Which Will Be Copied To the Seller.
2a. If Buyer Uses Instrument Provider, The Provider’s Bank Issue Rwa To The Provider, Which Will Be Copied To Seller Through Buyer With Provider’s Cis/Kyc
3. Buyer Has To Send Both Rwa And Cis/Kyc To Seller To Enable Seller Get Nominated Account That Will Receive Instrument.
3a Pre-Advise From Issuing Bank To Seller’S Nominated Fiduciary Account.
4. Buyer Issues Instrument (Sblc Minimum Of $10 M From Any Prime Bank According To Seller’s Verbiage.
5. Seller Confirms Instrument And Give Laycan Date Within 05–10 Days Window
6. Buyer Charter Vessel And Send Vessel Documents And The Cpa To Seller
7. Sellers Confirms And Program Empty Vessel And Terminal Issue Nor To Vessel, Captain Acknowledge.
8. Vessel Captain Issue Terminal Eta. Estimated Time Of Arrival
9. The Vessel Arrives In Terminal Custody To Get Loaded.
10. After loading, Inspectors Conducts Qnq And Send Results To Buyer And Seller.
11. Seller Issue Commercial Invoice To Seller Based On Qnq Result, And Payment Made To Seller’s Nominated Account, And Title And Product Documents Exchanged
12. Vessel Excursion By Navy To Safe Location And Vessel Sails To Pod.
Payments Are Made By Mt103/Swift Wire Transfer Directly To The Seller’s Authorized Beneficiary Nominated Bank Accounts And Commision Agents As Stipulated In The Imfpa In This Contract.