Product Description

PRODUCT: Nigeria Bonny Light Crude Oil (BLCO) ORIGIN: Nigeria QUALITY: NNPC Standard Export Grade TECHNICALSPECIFICATION: Specific gravity 0.***7 *@********************ontent VOL % 0.2 RSW VOL% 0.6 Pour Point below *0.0 Salt content as NaCI, LBS/1, **0bbls *2 Sulphur Content WT% 0.*2to 0.*4 Reid Vapor Pressure (RVP), PSIG 6.*2 Conradson carbon residue, WT% 1.0 V/NI, PPM WT% 2/3 Viscosity, ***** 3.*7 Yield CI C4 WT% 2.*0 QUANTITY: 2, **0, **0 Million Barrels per shipment. PRICING, COMMISSION & FEES: Price per barrel to sale is fixed at $8 bellow Brent. This price jointly agreed to by seller and buyer, and it is binding on this transaction, with Net Discount of $5 to the buyer and $3 split $1.*0c per barrel to the seller brokers-facilitators and $1.*0 c per barrel to the buyer brokers-facilitators. The buyer acknowledges this contract as being issuance of payment order at any time delivery is made to him and shall direct payment to the designated beneficiary account with the formula stated in the contract at the presentation of the shipping document to the buyer’s bank, being a directive of the buyer’s fully operative irrevocable documentary letter of credit for cargo and commission simultaneously, and where the seller made agreement to any parties which are not in the agreement, the seller shall make payment to such for the propose of this contract and shall hold the buyer harmless. Net discount to the buyer= $5 per barrel Seller’s agent and facilitator= $1.*0c per barrel Buyer’s agent and facilitator= $1.*0c per barrel DELIVERY: TTT & TTO International Water a. Delivery shall be calculated on out-turned, defined barrels, at the point of transfer from the seller’s vessel to the buyer’s vessel. b. The loading date of the cargo is defined as the completion date of the Q and Q inspector(s) access quality & quantity report at loading port. PAYMENT: payment shall be calculated on out-turned of barrels in United States dollar at sight against presentation of clean and proper shipping documents.