NLNG > Doing Business with NLNG > Prequalification Requirements

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Prequalification Requirements  ​​​

PREQUALIFICATION REQUIREMENTS FOR SPOT (FOB) LNG MASTER AGREEMENT

1. Organization

    • Val​​​​id Certificate of Incorporation
    • Adequate proof of experienced key officers in LNG Trade (personnel profile or CVs)
    • Evidence of presence in the key (LNG Trade) markets (registered office addresses in Europe, North America, Middle East and Asia)
    • Evidence of presence in Nigeria (registered company office address or affiliate in Nigeria)
    • Evidence of trading in LNG and/or other products (volumes lifted, date, sources and destinations)

    2. Shipping Capability

    • Adequate proof of affiliation with ship owners or brokers (agreements/ MOU)
    • Shipping Quality Assurance HSE & Ship Management Systems and Policies (documents)
    • Shipping Operations Contingency Plans & Risk Mitigation (documents)

    3. Financials

    • Three (3) years Audited Financial Statement
    • Availability of Financial Support (parent company guarantee or bank guarantee)

    Currently, our base LNG production volumes are already committed to Long Term Buyers.

    However, we do occasionally have excess LNG cargoes which are sold on Spot basis.

    PRE-QUALIFCATION REQUIREMENTS FOR SPOT (FOB) NGLs (LPG and CONDENSATES) MASTER AGREEMENT


    1. Organization

    • Certificate of Incorporation
    • Evidence of End User relations or transactions.
    • Market Coverage Capabilities (world) or experience record of similar transactions, size or offices spread
    • Petrochemical operations or ownership, processing contracts with a refinery or LPG terminal access or distribution.
    • Evidence of trading in LPG (volume traded in mtpa) and/or other products.
    • Evidence of local presence in Nigeria (affiliates or representative office)

     

    2. Shipping Capability

    • Proof of ownership of shipping capacity or affiliation with ship brokers (agreements, MOU, etc)
    • Shipping Quality Assurance & HSE or Ship Management (safety management system or policies or quality documents)
    • Shipping Operations Contingency Plans & Risk Mitigation (documents).
    • Flexibility issues (dedicated vessel vs Spot Charter)


    3. Financials

    • Three (3) years Audited Financial Statement
    • Availability of Financial Support (parent company guarantee, bank performance bond and bank guarantee)


    PRE-QUALIFICATION REQUIREMENTS FOR DOMESTIC LPG OFFTAKE

    • Valid Certificate of Incorporation
    • Evidence of Terminal Use Agreement (e.g. with PPMC) or proof of ownership of a storage facility
    • Evidence of trucks for commuting between jetty storage facility and bottling plants and retail outlets
    • Financial capability to support purchase (including your company’s three year audited financials). A guarantee from a reputable Nigerian bank would be an added advantage
    • Evidence of direct involvement in the LPG Value Chain or affiliation with experienced partners
    • Requisite DPR licence/permits and other regulatory authority approvals
    • Evidence of volume traded in MTPA (fully refrigerated LPG and/or similar refrigerated products
    • Market coverage capabilities
    • Copy of company’s Quality Assurance & HSE or Safety Management Policies


    Our dedicated team will review the formal letter of interest to determine eligibility of the interested party to execute the relevant Master Spot Agreement and become one of the pre-qualified counterparties based on already defined criteria. A formal request for additional information will be made where necessary and we shall adequately communicate the outcome of the process. After the submission of the formal letter of interest, further enquiries can be addressed to the email addresses

    LNGMARKETING@nlng.com and Loi.Management@nlng.com.

    Finally, the list of pre-qualified counterparties are reviewed periodically based on agreed criteria including, but not limited to, participation in tender activities.
     

    See Frequently Asked Questions (FAQs)

    HISTORY

    Nigeria LNG was incorporated in 1989. In November 1995, a Final Investment Decision (FID) was signed by the Shareholders to build a Liquefied Natural Gas Plant in Finima, Bonny Island in Rivers State.

    In December 1995, a consortium of engineering firms comprising Technip, Snamprogetti, M.V. Kellog and Japan Gas Corporation (TSKJ) was awarded a turnkey Engineering, Procurement and Construction (EPC) contract for the construction of the Plant, the Gas Transmission System and the Residential Area.

     

    ​NSML is committed to ensure that Nigerian crews are well represented in numbers of officers that work onboard NLNG Vessels and third​ party charterers. The Nigerianization P​​lan is to ensure that Nigerians are recruited straight from the cadetship phase and sponsored to obtain the CoCs in schools abroad after which their careers with the company is appropriately monitored and managed as they rise within th​e ranks.​

    Read More

     

    Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG project.
    READ MORE ​​

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