We offer high quality petroleum products (including Russian D2 GasOil, Mazut M100, JP54 Jet Fuel, Jet A-1, D6 Virgin Fuel Oil, EN590, LNG,LPG, Cst180, Light Cycle Oil,REBCO etc). PROMMEKS CJSC is an ultimate global sourcing channel for reliable reliable Allocation holders,title holders, refineries and end sellers. We urge you to contact us for purchase of varieties of products as our returns for over ten years has been impressive and our channels continues to grow due referrals by our customers.
PRODUCT: LIGHT CRUDE OIL IRAQI ( SOMO ) API 33.45
ORIGIN: IRAQI
QUANTITY: 2,000,000 BBLS TO 6,000,000 BBLS (+/- 5%) SPOT
SPECIFICATION: Standard Export Quality Specification ATTACHED DELIVERY/DISCHARGE PORT FOB UAE
OR CIF ROTTERDAM / CIF ASWP MAINLAND CHINA
TERMS OF PAYMENT:
A) 100% PAYMENT Against Fresh SGS Report of the Oil and via MT103/TT at the Load Port for all FOB Sales
B) 100% Payment against Fresh SGS Report of the Oil and via MT103/TT at Buyer Disport and guaranteed by a Buyer BG/SBLC for all CIF Sales
PRICE & COMMISSIONS:
A) FOR FOB SALES - DATED BRENT ON A 3DAY AVERAGE ON DATE OF THE SGS
REPORT LESS (MINUS) A DISCOUNT OF USD $5.00/- NET TO THE BUYER
B) FOR CIF SALES - DATED BRENT ON A 3DAY AVERAGE ON DATE OF THE SGS
REPORT LESS (MINUS) A DISCOUNT OF USD$3.00- NET TO THE BUYER COMMISSIONS: USD $1 - PER BBL PAID BY THE SELLER TO ALL INTERMEDIATES.
LIGHT CRUDE OIL (LCO) Quantity: Minimum of 50,000 bbl. per month and Maximum of 500,000 bbl. per month Price: GROSS $76/Net $74 Per Barrels, FOB. GROSS $86/Net$84 Barrels, CIF
PRICE: Prices are Open for negotiation; final prices would be reflected in the final contract and Commercial Invoice. ORIGIN: Kazakhstan. INCOTERMS: FOB, CIF, TTO/ ANNUAL CONTRACT (12 Months with RO&E) DELIVERY: VLADIVOSTOK, NOVOROSSIYSK PORT, PRIMORSK, NAKHODKA, ROTTERDAM, HOUSTON, ASWP. INSPECTION: Q&Q test report will be conducted SGS at the port of loading. PAYMENT: T/T, MT103.
CIF PROCEDURE- 1. Buyer issues Irrevocable Corporate Purchase Order (ICPO). 2. Seller issues Sales & Purchase Agreement (SPA) to Buyer which is open for amendments, alongside IMFPA/NCNDA form for intermediaries to sign and return to Seller within 3 banking days for final endorsement. 3. Seller issues to the Buyer the following PPOP documents: i) Copy of Commitment Letter to Supply. Ii) Copy of Statement of Availability of the product. iii) Authorization to sell & collect. Iv) Copy of Product Passport. V) Charter Party Agreement (CPA).
4. Buyer and Seller jointly sign the Charter Party Agreement (CPA) and as well split the freight charges 50/50 which is only applicable for first trial shipment. 5. Seller proceeds to legalize the joint contract, The Certificate of Product Title Transfer and then proceeds with the Port & Custom Clearance of product and all internal routines operations accordingly. 6. Upon completion of the above and confirmation of export approval and the shipping schedule by the port authority, Seller releases the below proof of product documents; i) Fresh SGS (not older than 24 hours) ii) Copy of Export License iii) Copy of Product Allocation Certificate iv) Copy of Allocation Title Transfer Certificate v) Copy of Export Approval vi) Copy of Legalized CPA with the Loading Port Authority vii) Copy of Injection Report viii) Copy of Tank Receipt ix) Copy of Dip test Authorization x) Vessel Bill of Lading xi) Q88 vessel questionnaire 7.Seller lodge and activate a 2% PB in the favor of the Buyer; if Seller fails to supply product in shipment to buyer, this 2% PB will be forfeited to Buyer. 8. Loading and shipment of product commences as per schedule, upon arrival of vessel and finalization of SGS at the destination port, Buyer makes payment via swift MT103 transfer within 3 to 5 banking days to Sellerâ??s bank account for total shipment value, after discharge of product at destination port. 9. Seller within 48hours pays the intermediaries involved according to the signed and Notarized IMFPA and roll over contract.
TRANSACTION PROCEDURES AVAILABLE:-
TANK TO VESSEL (TTV), TANK TO TANK (TTT), TANK TAKE OVER (TTO), TANK TO TANK (TANK EXTENSION) AND TANK TO TANK (TTT) ROTTERDAM.
ICPO should be issued for AFINSKY LLC and ATYRAU OIL REFINERY LLP, REPUBLIC OF KAZAKHSTAN Kazakhstan, 060001, Atyrau, Kabdolov str., 1
Light Crude Oil is a highly valuable form of petroleum with a low density and viscosity, making it easier to refine into high-demand products such as gasoline, diesel, and jet fuel. It has low sulfur content, making it a preferred choice for refineries due to its high yield of light distillates.
Key Characteristics: Low Density & Viscosity Flows easily and requires minimal processing.
High API Gravity Typically above 31.1 API, indicating a lighter composition.
Low Sulfur Content (Sweet Crude) Reduces refining costs and environmental impact.
High Yield of Valuable Products Produces more gasoline, diesel, and jet fuel per barrel.
Specifications: API Gravity: Typically 32 - 45
Sulfur Content:
ESPO CRUDE OIL
Min. Quantity: 2,000,000 Barrel
Max. Quantity: 5,000,000 Barrel per Month
CIF/FOB Price: USD 60/BBL.
CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES (1)
1. Buyer confirms SCO and issues an official ICPO inserting seller's terms and procedures.
2. Seller issues FCO for buyer's signing, buyer returns signed FCO and a letter of acceptance procedures. Seller
issues draft contract/SPA which is open for amendments.
3. Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform. Seller submits the signed SPA for registration and legalization with the appropriate authorities.
4.Seller sends the below listed partial pop documents to buyer via government secured courier service or mail, on buyer choice.
a. Statement of availability of product
b. commitment to supply the product
c. certificate of origin
d. Product Passport
e. Proforma Invoice
5. Buyer within 5 to 6 banking days issues SBLC swift MT760 according to Seller's fiduciary bank verbiage to seller
nominated fiduciary offshore bank account for first month shipment, and whereby buyer fail to issue payment
instrument within 7 banking days, buyer will make cash deposit of $480,000 by TT wire transfer for allocation
and security guarantee to enable seller charter vessel and commence shipment, and this payment shall be deducted
from the total cost of product after inspection at discharge port.
6. Seller bank issues the full set of proof of product (pop) and shipping documents with 2%pb (performance bond) to
buyer's bank. QQ Certificate & Product passport docs, all will be issued on time.
7. Shipment commences immediately as scheduled in the contract.
8. Buyer pays for the total product value via TT/MT103 to the seller's bank after successful SGS/CIQ inspection at
discharge port and title of product ownership transferred to buyer.
9. Seller pays all intermediaries involved in transaction as per signed NCNDA/IMFPA within 72 hours.
309583 Light Crude Oil (Lco) Suppliers
Short on time? Let Light Crude Oil (Lco) sellers contact you.
We can offer LCO Iranian (NIOC) ready in China port & on waters
But, you need to have agreement or clear relation with a refinery.
You need to issue a readiness letter or RWA from your bank to our issuing account
Procedure,
Deep & Pay method
Sellers could do a spot (750K barrels, light) in Rizhao, in tank farm..
Contact us with your LOI /Best regards.
Light Cycle Oil LCO is a diesel boiling range product from fluid catalytic cracking units flexible process to process LCO into desired products such as verylow sulphur diesel and high octane higharomatics naphtha It is a light lubricating oil that is suitable for use on bicycles and similar equipment
It is a diesel boiling range product from fluid catalytic cracking units Light cycle oil is a poor diesel fuel blending component LCO are produced at the bottom of the fluidized catalytic cracking FCC process in a refinery and are enriched with 5080 wt heterocyclic aromatic compounds 3 wt S and 600 ppm N
Light Cycle Oil, also known as LCO, is a refined product derived from the processing of crude oil. It has a higher density and boiling point range compared to diesel fuel but lower than heavy fuel oil. LCO is commonly used as a feedstock for fluid catalytic cracking units (FCCU) and is also used as a blend component for marine fuels.
For latest pricing Enquiry, Please contact us on our email and contact details
Light Cycle Oil (LCO) is a diesel boiling range product from Fluid Catalytic Cracking Units (FCCUs). FCCU is responsible for the production of petrol, LPG and Light Cycle Oil (LCO). There are various ways of economically upgrading LCO, which include hydrotreating, high pressure hydrocracking for full conversion of LCO into Naphtha and a more optimized partial conversion hydrocracking process. It can be used in susch industries as Agrochemical, Crude Oil, Petrochemicals, Petroleum Products.
Product Overview
Basra Light Crude Oil is one of Iraq's premium crude oil grades, known for its moderate API gravity and relatively high sulfur content. It is a sought-after crude oil for refineries that specialize in processing heavier grades into diesel, gasoline, jet fuel, and petrochemical feedstocks.
Key Characteristics:
Moderate API gravity (~30-31), making it a balanced crude for refining operations
Higher sulfur content (~2.87%), typically requiring desulfurization but yielding valuable middle distillates
Ideal for refining into diesel, gasoline, and jet fuel
Stable and consistent supply via Iraq's major oil terminals
Important Note: Iraq's Crude Oil Sales Process
Unlike many global markets, Iraq operates differently in crude oil sales, particularly through SOMO (State Organization for Marketing of Oil). This means:
* Only qualified buyers and refineries can engage in direct purchases.
* Strict registration, compliance, and financial verification processes are required.
* Transactions involve long-term contracts or structured agreements with SOMO.
If you are interested in securing Basra Light Crude Oil, please contact us for more. Our team will guide you through the proper procedures to ensure compliance with Iraq's regulatory framework for crude oil sales.
1. Specific gravity @ 60 Deg. F : 0.8459 0.8498
2. API gravity at 60 Deg. F : Min 33.5 Max 37.00 +/- 5% (ASTM D-1298)
3. Water content by distillation : 0.50 (volume) Max (ASTM D-4006)
4. Pour point degrees F : BELOW 40 (ASTM D-97)
5. Sulfur weight % : 0.14% - 1.20% (ASTM D-139)
6. Salt content parts per billion : 3.16 Max (ASTM D-526)
7. Reid vapor pressure (P.S.I.G.) : 6.52 PSIG Max (ASTM D-529)
8. Kinematic viscosity @ 30 Deg. C : 2.2 (ASTM D-523)
9. Distillation initial boiling point (IBP) : 35 DEG. C (ASTM D-86)
a. Distill to 75 Deg. C vol.% : 7.0
b. Distill to 175 Deg. C vol.% : 35.5
c. Distill to 250 Deg. C vol.% : 51.5
d. Distill to 300 Deg. C vol % : 60.5
Bonny Light Crude Oil (BLCO) is a high-quality, light sweet crude oil with low sulfur content, making it ideal for refining into premium products like gasoline and diesel. Sourced from Nigeria, it is globally recognized for its excellent refining characteristics and high yield.
We are NNPCS official allocation holder, offer real CIF or FOB bonny light crude oil direct from NNPC
We sell bonny light crude oil at off OPEC price and we will offer all commission for the buyer side because we are the seller, no any seller side agent
Pls contact me, and I will offer my company BLCO proposal to you (including proof of product and SOP)
Minimum order:2 Million barrel/vessel
WHAT IS BONNY LIGHT CRUDE OIL OR BLCO
Bonny Light Crude 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.
Crude Oil:
Bonny Light
REBCO
ESPO (Siberia Pacific Oil)
Basra Light
WTI
Southern Green Cayon Blend
Olmeca Mexican crude
Heavy Crude, etc.
Product Description :
Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands
Price of product ( USD price or FOB price) : Price on request
Product origin : Worldwide
Key Specifications/Special Features :
Specifications for types/grades of crude (special grade needed by buyer)
will be issued after received your credible purchase request in the form LOI/ICPO docs.
Minimum Order Size and Packgaing details :
Bulk in tanker vessels.
Tanks 20 MT.
A company acting as a Trade Broker is looking for Buyers to enter into annual Contracts for the sale of Bonny Light Crude Oil produced in Nigeria on the terms CIF Ports of China and India. Payment Terms: DLC or SBLC; Price: minus 9 from Plats per BBL; Product Quality: as per Export Standard; Inspection: SGS/equivalent. Contact Person: Nick
Price: Based on the Loaded Quantity, Standard Barrels and
Under Dated Brent as in the Platts Oil Gram Report.
PAYMENT TERMS: STAND BY LETTER OF CREDIT (SBLC MT760) TT/ MT 103
DISCOUNT: YES.
Get in touch with our top-rated team to start enjoying direct access to the best offer, efficient communications, reliable and steady flow of products tailored to your business needs.
