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INTERNATIONAL DSM GROUP, INC.

5000 Trust Points

4790 Irvine Blvd. Suite # 105-282,Irvine,California,USA

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3rd Year

BLCO Bonney Light Crude Oil OFF-OPEC

USA

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( Negotiable ) Get Latest Price

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2000000 Barrel

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Crude Oil

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Product Specification

Brand Name : - Type : - Application : - Grade : - Chemical Composition : -

Product Description

  • Crude Oil Nigerian Bonny Light Crude Oil (BLCO)

Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of Bonny. The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.

Bonny Light crude oil is considered to be of the best crude oil in the world because it is easy to refine as a result of the low sulfur content. Due to this factor, BLCO is highly sought after. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.

PROCEDURE - SUMMARY / BRIEF-DESCRIPTION : F O B - Offshore floating facilities of Qingdao, Lanshan, Rizhao/ China with Sellers additional transport to C I F - China by a SGS- Diptest / Q&Q / CIQ at Onshore-storage/ China with subsequent Payment. 

  1. Buyer sends his LOI to Sellers-Mandate.
    SPA / Contract signed & sealed by both parties (Buyer and Seller) + NCNDA & IMFPA signed & sealed.

  2. Seller provide the Offshore-POP- Storage- Documents for Verification with the Tankmaster :2.1) Tank-Receipts of the requested purchase-amount.
    2.2) Discharge- Certificate.
    2.3) Storage- Certificate.

    2.4) Storage- Information.

  3. Seller also provide the Storage Master of Qingdao and/ or Lanshan or Rizhao direct for Information and assistance/ support to the Buyer. (for Verification/ Confirmation)

  4. Buyer confirms the Cargo at Storage via P O P. (After verification with Storage-Master.)

  5. Buyer issue Proof of Fund by a SWIFTMT760(SBLC) for the first trial of abt.2 Mill. Bbls or more from

    Buyers-Bank to Sellers-Fiduciary- Bank-Account according to Sellers agreed Bank SBLC-wording/ text.

  6. Logistic : Basis of FOB - Offshore- storages Qingdao, Lanshan or Rizhao :

    6.1. Seller secures Vessel/ VLCC to transfer cargo from FOB-Offshore-storage to CIF China + transport to Onshore-tankfarm/ China of the Buyer. Buyer provides port of discharge / Onshore- tankfarm- details and Seller confirms.

  7. Seafreight- Cost- Sharing between Seller and Buyer of FOB loadingports to CIF - China + discharge of the Tanker at Buyers Onshore-Tankstorage.
    Buyer pays abt.50% of the seafreight direct to the Shipping-Company according to the Comm.-Invoice of the Shipping-Line / Agency and Documents-Reassignment of the Seller.

  8. Upon arrival at destination, Buyer conducts SGS /CIQ/ Q&Q in China at Buyers Onshore-Tankdepot.

  9. Sellers Comm.-Invoice : Final Payment by SWIFT-MT103according cargo-out-turn barrels using SGS/ CIQ/ Q&Q- results of the Report.

  10. The Sellers pays the Commission according to the IMFPA to the Recipients.

  11. The Seller are prepared to continue the next shipments according to the agreed Procedure to CIF- China and transport to Buyers Onshore- Tankfarm.

    The annual Contract should be based on the same above steps.

BLCO Bonney Light Crude Oil OFF-OPEC

Contact Us

Contact Person :Mr. Shawn

Company:INTERNATIONAL DSM GROUP, INC.

Address:4790 Irvine Blvd. Suite # 105-282, Irvine, California, USA,92620

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Mr. Shawn < INTERNATIONAL DSM GROUP, INC. >
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