Description

COMMODITY IS NIGERIAN PETROLEUM PRODUCT.
Specific gravity at **0c,kg/1
ASTMD***8/P        0.*****9.***8
API at *0 Degrees F
ASTMD ***6/1P   *&*;&*;&*;&*;&*;&*; *@********************> Color                                              Dark
Brown
BS & W Content [Vol. %]
ASTMD **3/1P   *3        0.*5 Average
Sulphur %WT
ASTMD                          0.*4% WT
pour Point Degrees  F
ASTMD  *7/1P.*5            *0* [F]  Degrees F
Water content
                                      0.2% Vol. Max
REIB Vapour Pressure:
6.*2PSIG


QUANTITY AND DURATION:

2MILLION BARRELS THE FIRST MONTH AND 2 TO 4 MILLION BARRELS MONTHLY.
THE FOLLOWING *2 MONTHS.
DURATION:  1 + *2 MONTHS AND MAY ROLE OVER DEPENDING ON PARTIES PERFORMANCE ON THE PILOT SHIPMENT both parties discretion contigent upon the successful completion of this transaction. Buyerhas the option to increase qunatityup to a TOTAl of four Million (4,**0,**0) barrels +/**5%.


DESTINATION:  BUYER\'S PORT OF DISCHARGE.


PRICE: The price to be paid shall be based on the loaded quantity of crude oil for each shipment bbased on standard barrels and under "Dated Brent" as in the Platt;s oil gram report. The applicable currency in respect of payment for the cargo shall be united states Dollar(USD).


DISCOUNT: USD $*1 less $3 per barrel.


COMMISSIONS:  Buyer to pay broker fee


DELIVERY:  CIF PORT OF DISCHARGE


DETERMINATION OF QUALITY AND QUANTITY

Quantity and quality to be ascertained by an independent inspector nominated by the buyer during the independent inspection performed on board in agreed to international water location. This certificate of quality should be judged as the final quality and quantity of the oil delivered in to the Buyer\'s tanker and the payment will be issued according to it.


PAYMENT:

Cash payment of cargo shall be effected by SWIFT wire transfer from Buyer\'s bank within *2hours of the cargo documents and commercial invoice presented at Buyer\'s bank by Seller\'s Bank.