Herein this article, we guide applicants on the Bulk purchase agreement (BPA) Registration and Renewal for special product marketers.
Online Application – It must be duly completed. Applicants must ensure to provide correct and functional addresses, telephone numbers and e-mail at the time of submission. Any subsequent change must be promptly communicated to: The MD, NNPC Trading Limited.
REQUIREMENTS FOR SPECIAL PRODUCTS MARKETERS
- Valid Certificate of Incorporation
- Certified True Copy of Memorandum and Article of Association
- Valid DPR License to Operate (for ATK and SRG (Naphtha). Note that LPFO and Bitumen does not require DPR License for Application)
- Current Three (3) year Tax Clearance Certificate
- Evidence of Employment (At least 10 Staff for LPFO and 5 Staff for Bitumen)
- Evidence as an End-User/ or Contractual Agreement with End User
- Payment of BPA Processing Fee of Five hundred thousand Naira Only (N500,000) for New Applications
Documents – All required documents should be clearly scanned and uploaded to the portal in PDF or JPEG format (documents shall not exceed 4MB) Uploading of zipped documents not allowed.
- Certificate of incorporation (CAC)/Registered Business name
- 3 years current tax clearance certificate
- DPR certificate (where applicable)
- VAT Certificate (where applicable)
- Reference letter from your bank
- PENCOM certificate (where applicable)
- Current ITF Registration certificate (where applicable)
PROCESSING FEES
All statutory fees remain unchanged as highlighted hereunder:
CATEGORY: SPECIAL PRODUCT MARKETERS
NEW(NGN): 500,000
RENEWAL(NGN): 300,000
BPA VALIDITY PERIOD: 2 YEARS
APPLICATION PROCESS FLOW
STAGE 1: The First Stage involves submission of basic company details, upload of Certificate of Incorporation and DPR Storage and Sales License
STAGE 2: This involves vetting the submission made in stage 1 above. If the submission is successfully vetted, the marketer is expected to make Payment and then upload other required documents.
STAGE 3: BPA Processing Fee Payment via the Remitta Platform by the Marketer
STAGE 4: Application Access to upload of another requisite document is granted by NNPC Trading Ltd to the Marketer. At the stage, it is expected that the marketer uploads all backing documents.
STAGE 5: Upon verification of all documents, a Draft BPA is created.
STAGE 6: Electronic copy of Draft BPA document is sent to the Marketer for acceptance
STAGE 7: BPA Slip and physical copy is mailed to the Marketer
Bulk Purchase Agreements (BPA) for Special Products Marketers is valid for Two (2) Years