PRODUCT/PROOF OF PRODUCT
1.1 BONNY LIGHT CRUDE OF INTERNATIONAL STANDARD EXPORT QUALITY OF THE FOLLOWING SPECIFICATION:

1.2 Specific gravity (API) =34.17
Specific Gravity at 150c, : kg/1 ASTMD1298/P 0.8497-9.8498
API at 60 Degrees F : ASTM Table 51 47 - 21
Salinity : ASTMD 4006/1P 358 4.7P.T.B @ 60 Degrees F
Color : Dark Brown
BS & W Content [Vol. %] : ASTMD 473/1P 53 0.25 Average
Sulfur %WT : ASTMD 0.14% wt
Pour Point Degrees F : ASTMD 97/1P.15 40 [F] Degrees F
Water Content : 0.2% Vol. Max
REIB Vapor Pressure : 6.52PSIG

2.0 Price: $10 Less $4
2.1 the Price For The Product Shall Be Based On The Dated Brent Three (3) Days Average. If This Date Falls On Saturday, Sunday Or Any Of The Public Holidays, The Pricing Proposed Shall Be Based On The Following Publishing Day. This Base Product Price Formular Is Floating And Is To Be Applied To Each Cargo Lifting. Total Discount Of $10.00 Dollars, The Distribution Of The Discount Is As Follows: Usd $6.00 Net To Buyer And Usd $4.00 To Sellerâ??s/buyer`s Agent/brokers.

8.0 Cif Delivery Procedure / First Trial (spot) Cargo With Annual Contract

The Process Will Be Given Interested Buyers