sell Nigerian crude oil BLCO QUALITY/ PRODUCT: Nigerian Light Crude Oil, NNPC Export Standard. QUANTITY: Trial 2 million barrels and next 10,000,000 barrels Monthly +/-5% for One (1) year with an Option of Roll and Extension. PRICE DISCOUNT: $10.00 Gross and $6.00 Net US Dollars per Barrel to the Buyer from Brent Platts on CIF price SECURITY INSTRUMENT: Documentary Letter of Credit (DLC) of about $150,000,000 (One Hundred and Fifty Million US Dollars). DISCHARGING PORT(S): CIF price CIF Qingdao and Rizhao Ports, China basis includes 110% marine insuranceof the cargo and ocean freight, CIF price PAYMENT BY: Telegraphic wire transfer (MT103) within 3-5 days of delivery at discharge port.