Total Volume:48,000,000 US Barrels (bbl) or 6.371 Million Metric Tons (MT) of BLCO
Price: 3 day average of the Platts Quote Price
on Delivery date (and day before and after)
Gross Discount:US$10.00 per bbl
Net Discount:US$6.00 per bbl
Seller Agent:US$2.00 per bbl closed
Buyer Agent:US$1.50 per bbl open
Monthly Amount:4 million bbl (0.531 MT) per month.
Term:12 months, roll overs possible
Sale Terms Seller: CIF any World Port accepting Crude for off load
Sale Terms Buyer:MT799 Proof Of Funds required
What is a MT799 Proof Of Funds (POF)?
Oil Specs
1.Specific Gravity at 60? F/15.55? C: 0.8397 - 0.8498
2.API Specific Gravity at 60? F/15.55? C: 37.0
3.Density at 60? F/15.55? C - Cg �?? C M �?? MAC 0.85 max
4.Pour Point <40 ?F / 4.44 ?C
5.Sulfur Content, % Wt. 0.14 max
6.Colour Dark Brown
7.Salinity TB at 0.10% BS&W 47 max
8.Acid Number 0.39 max
9.Reid Vapour Pressure 6.52 psig max
10.Water Content, Pct.(%) 0.50 max
11.Sediment Content, Pct.(%) 0.50 max
12.Iron Wt. Ppm 1.00 max
13.Nickel Wt. Ppm 4.00 max
