Crude oil from Nigeria.
Light Crude Oil Sample:
API Gravity: Max 48.5
Min 33.69
Mean: 39.55
SD: 1.19
CV: 3.00%
% Sulphur Content: Max 0.18
Min: 0.11
Mean: 0.13
SD: 0.023
CV: 17.50%
Heavy Crude Oil Sample:
API Gravity: Max: 29.85
Min: 24.6
Mean: 26.22
SD: 3.52
CV: 13.40%
% Sulphur content: Max: 0.25
Min: 0.18
Mean: 0.20
SD: 0.04
CV: 19.87%
Brief Procedure:
1. Buyer return signed spa to seller with supercargo and inspector PPT details.
2. Buyer`s bank sends pre-advice to seller`s bank stating her readiness to issue total cargo BG or SBLC or Cash backed MT.799
3. Seller`s bank responds with readiness to receive the bank instrument.
4. Buyer`s bank issues the bank instrument and copy the seller.
5. Seller confirms and instruct loaded vessel`s captain to issue MATB.
6. Buyers men board and conduct Q/Q.7. On successful Q/Q report, buyer releases $1m for documentation & logistics and place MT103 for full payment.
The above is not a concluded procedure, process is open to negotiation as may be convenient to both parties.
We are able to supply large volume.
Thank you for your business.
