Description

COMMODITY: BONNY LIGHT CRUDE OIL FROM NIGERIA.

QUANTITY: 2 MILLION BARRELS PER MONTH X *2 MONTHS WITH ROLLS AND EXTENSIONS.

PRICE;

 CIF = $8 Gross / $5 Net per barrel with a $3 commission to be split *0/*0 between buyer side and seller side intermediaries.

FOB = $*2 Gross / $8 Net per barrel with a $4 commission to be split *0/*0 between buyer side and seller side intermediaries.

TTO = $*0 Gross / $6 Net per barrel with a $4 commission to be split *0/*0 between buyer side and seller side intermediaries

COMMODITY:  Nigerian Petroleum Product

Specific Gravity at **0c, kg/1                 ASTMD***8/P              0.*****9.***8

API at *0 Degrees F                               ASTM Table *1  *4 - *7

Salinity                                                  ASTMD ***6/1P **8     *@********************

Color                                                                                        Dark Brown

BS & W Content [Vol. %]                       ASTMD **3/1P *3         0.*5 Average

Sulfur %WT                                          ASTMD                        0.*4% wt

Pour Point Degrees F                              ASTMD *7/1P.*5           *0º[F] Degrees F

Water Content:                                                                           0.2% Vol. Max

REIB Vapour Pressure:                                                    6.*2PSIG

Very important note:

Our BLCO seller only work with buyers who have a serious profile ( Web site) to show. LionKings Trading, LLC will forward seller's price and procedure for buyer to learn more about this transaction. If buyer like the price, procedures and transaction terms, he will then enter his company information into this offer to show that buyer is ready and willing to move forward with the terms in seller's offer. Once LionKings Trading, LLC qualify buyer  through due diligence, our company will immediately advise seller to send out a FULL Contract Agreement for buyer to review together with A LETTER OF AUTHORITY FROM NNPC TO SELLER. Buyer will then use THE LETTER OF AUTHORIZATION TO SELL BONNY LIGHT CRUDE OIL FROM NNPC to conduct due diligence on the seller before signing contract. LionKings Trading, LLC is not the end seller of BLCO. Therefore, we'll step back and allow buyer and seller to close transaction atfer securing intermediaries with a NCNDA/IMFPA payment contract agreement signed by the buyer.

TTO PROCEDURE

1. Seller signs and seals the contract and dispatches to the Buyer in form of email.

2. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail. Buyer and Seller deposit same at their respective Banks.

3. Buyer’s bank request by swift from seller’s bank readiness to receive instrument in favor his client for the transaction and seller’s bank within bank *8hrs respond by swift to receive the instrument and commence the transaction as agreed and on schedule

4. Buyer’s bank raises a *0 % (total value of product) Standby LC in favor of Seller to his bank upon verification of seller’s nominated vessel.

5. Seller upon confirmation of the *0% LC calls in the nominated vessel into the terminal for loading in Buyers name.

6. Upon completion of loading, Seller issues ATB to buyer’s Inspectors.

7. Vessel sails to agreed point for inspection.

8. Sellers bank issues valid shipping documents which shall include the following:

     A). Notarized Commercial Receipt naming Buyer, contract number, goods and quality   indicating transfer of the title.

B). Shipping advice indicating ,designated vessel name, loading port, estimated loading time, estimated time of departure, estimated time of arrival in destination port ( FULL ETA).

C). Signed commercial invoice indicating the contract number and the name of the carrying vessel. (3 originals and 3 copies)

D). Quality and Quantity certificate issued at the loading port.

E). Charter party agreement and Full set( 3 originals and 3 copies) of clean on-board Bills of lading made out to order; bank endorsed and marked “freight pre-paid” , indicating the name of the carrying vessel with the Buyer as the “ Notifying party”.

9. Seller’s loaded vessel arrives at the agreed point, Buyer conducts Q&Q inspection at buyer’s expenses and raises the remaining *0% (total value of product) in a Standby LC or MT **3 for the entire product. Upon successful taking over the vessel, full payments are made