Name of COMMODITY / Product: BONNY LIGHT CRUDE OIL (BLCO)
PRODUCT DESCRIPTION: Light Crude Oil
END SELLER COMPANY: NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) Abuja/Bony Ocean Terminal, Nigeria
ORIGIN: NIGERIA
ONLY RWA IS NEEDED TO RECEIVE FULL POP UPFRONT IN BUYER'S NAME
SHIPPING TERMS: CIF, TTO
Port of delivery: CHINA, ROTTERDAM, ASWP, GHANA, ANY SAFE PORT.
PRICE USD (CHINA, ROTTERDAM, ASWP, any safe international water): NWE Platt USD -$10-/BBL GROSS, USD -$6/BBL NET Discount or $10 less $4
PRICE USD (GHANA): NWE Platt USD -$12/BBL GROSS, USD -$8/BBL NET Discount.
OR N50/46 NET (NIGERIA TO GHANA WATERS)
PAYMENT TERMS: MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT
SPECIFICATIONS: INTERNATIONAL EXPORT STANDARD
PROCEDURE NNPC BONNY LIGHT CRUDE OIL (BLCO)
1. Buyer/seller signs SPA
2. Buyer returns SPA with ATB format, seamen details & RWA
3. Seller confirms RWA & load or nominate a vessels that's already in high sea or in/near China, with the full shipping docs in buyer's name.
A. 1 Original and 3 Copies Clean Ocean Bill of Lading.
B. 1 Original and 3 Copies of Certificate of Origin issued by NNPC
C. 1 Original and 3 Copies of Certificate of Authenticity issued by NNPC
D. 1 Original and 3 Copies of Masterâ??s Receipt of Samples
E. 1 Original and 3 Copies for Masterâ??s Receipt of Documents
F. 1 Original Tanker Ullage Report issued at loading Terminal.
G. 1 Original and 3 Copies of Cargo Manifest
H. 1 Original and 3 Copies of Certificate of Quantity.
I. 1 Original and 3 Copies of Certificate of Quality
J. 1 ATS (Authority to Sell)
K. Vessel Q88
4. Buyer confirms docs in his/her name & raises MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT in favor of seller
5. Seller confirms Buyerâ??s issued SWIFT
MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND and order the loaded Vessel to move to the point of discharge for announcement.
NOTICE: Seller will instruct the Vessel's Master to send to Buyer or Buyer's agent ETA notice every twenty-four (24) hours, 48/24/12 hours prior to arrival at the port of discharge. N.O.R. (Notice of Readiness) is to be tendered only during working hours in China, i.e. between 08:00 and 16:00 hours.
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.
CIF PROCEDURE: BRENT PLATT DISCOUNT: US$8.00 Gross: US$4.00 Net: BELOW BRENT PLATT PRICE. US$4.00 Commission [US$2.00 for Buyer Agents & US$2.00 for Seller Agents - Closed] Buyer sends Letter of Intent [LOI] addressed to the Seller. Seller and Buyer sign and seal Sales/Purchase Agreement and copies sent to both parties bankers, the electronically signed copy considered legally binding and enforceable in international arbitration laws. Buyer's Corresponding bank via MT199 Pre-advice Seller's financier's bank and states its readiness, willingness and ability to swift an operative MT760 SBLC to seller's bank. Also request the seller's bank to confirm to it via MT199 its readiness, willingness and ability to receive MT760 SBLC and swift 2% performance bond (PB) to it. Seller's bank shall confirm via MT199 Pre-advice to Buyer's bank its readiness, willingness and ability to receive MT760 SBLC and swift 2% performance bond (PB) to Buyer's bank. Buyer's Bank shall swift an operative MT760 SBLC for total cargo to Seller financier's bank in Seller financier's acceptable Verbiage
Minimum Order Size : 2 million Barrels shipped monthly on a 12 month contract. Renewable after 12 months we only deal with buyers directly and on SBLC. We can ship any amount over 2 million barrels T/T
Greetings, I would like to offer you BLCO straight from the Nigerian government. Kindly send an LOI to: The Group Managing Director Nigerian National Petroleum Limited. NNPC Towers, Herbert Macaulay Way Central Business District Abuja, Federal Capital Territory (FCT), Nigeria
Bonny Light Crude Oil (BLCO) Min 35.0 Max 37.0 (+/-5%) Maximum Quantity: 2,000,000 Barrels per Month Price: Gross USD $89.00BBL - $85.00 CIF FOB TTO Negotiated per SPA. TERMS OF NEGOTIATION ORIGIN: FEDERAL REPUBLIC OF NIGERIA INCOTERMS: CIF/FOB/TTO LOADING TERMINAL: GULF OF GUINEA / FORCADOS PAYMENT TERMS: SBLC-MT760, MT103 PERFORMANCE BOND: 2% PB CONTRACT TERM: 12 MONTHS MINIMUM (WITH ROLLS AND EXTENSIONS) INSPECTION: SGS, CIQ OR SIMILAR COMMISSION: STRUCTURED NCNDA/IMFPA FOB ROTTERDAM TANK TAKEOVER (SELLER TANK EXTENSION) 1. Buyer sends ICPO in line with seller working procedures 2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity. 3. Upon receipt and review of the signed C.I., Seller sends to the buyer detailed information of Tank Storage facility where the product is stored for buyer to contact and extend the tank for at least a minimum of three (3) days. 4. Upon confirmation of Buyer's tank tension from seller's tank farm, Seller submits to by an Unconditional Dip Test Authorization (UDTA) along with the below full POP documents: - SGS report, Pre- Injection Report, Commitment Letter to Supply Authorization to sell & collect. 5. Buyer appoints their testing teams SGS or Equivalent to vessel. dip test in seller tank before injection to the buyer's vessel or conduct test upon injection completion into the buyer's vessel to ascertain the Quality and Quantity injected to the vessel. 6. Upon successful completion into buyers tanker, Seller issues payment invoice for Buyer to pay for the product value 7. Seller issues Tittle ownership documents to buyer upon confirmation of buyer payment. NCNDA/IMFPA sign and seal by all intermediaries connected in the transaction. 8. Seller within 24 hours upon receipt of the buyer's payment pays commission to all intermediaries involved in the transaction.
PROPERTY APPROX. VALUE/ RANGE SPECIFIC GRAVITY 0.8335 API 32.9 35.30 WATER CONTENT 0.36.13% VOL RSW 0.6% VOL POUR POINT +50 DEGREE F SALT. Lb, 1,000 BBI 3.16 TOTAL SULFUR, wt% 0.14% 0.16% REID VAPOUR PRESSURE 6.52 PSIG CARBON RESIDUE, wt% 1.0 V/NI, PPM WT: 2 - 3 Vis cst@37.80C 3.47 YEILD C1 - C4, wt% 2.10
Bonny Light Crude Oil: 01. Specific Gravity at 60* F/15.55? C: 0.8397 - 0.8498 02. API Specific Gravity at 60* F/15.55? C: 37.0 03. Density at 60* F/15.55? C - Cg - C M - MAC 0.85 max 04. Pour Point 40* F / 4.44* C 05. Sulfur Content, % Wt. 0.14 max 06. Colour Dark Brown 07. Salinity TB at 0.10% BS&W 47 max 08. Acid Number 0.39 max 09. 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 14. Vanadium Wt. Ppm 2.00 max.
Bonny Light Crude Oil: Bonny light crude oil is available from nnpc terminal on FOB/CIF/TT,we work with direct vessel loading terminal and we can offer with good price and good procedure.Contact us for more information.
Specific Gravity: 0.8459 Water Content: 0.2% Vol. Max BSW: 0.6% Vol. Max Pour point: Below 40 Degree F. Max Salt: LB per 1,000 bbl, 12, Max Total Sulphur, wtK%: 0.14 Max Reid Vapor Pressure: 6.52 PSIG, Max Carbon Residue, wt%: 1.0, Max VINI, PPM wt:, 2.0 Vis, cst @ 37.8 Deg C: 3.47, Min Yield C1-C4 wt%: 2.10 Agents/Brokers/Buyers can always contact Ostus Ltd via Go4WB and provide us with your specification, terms and conditions with ICPO without exclusion of end-buyer's full details. We will not process any paperwork that is incomplete; if you decide to remove the contact details of the end-buyer from the paperwork. End-seller can only prepare a FCO/SPAs to end-buyer. Please, check on an International commodities pricing platforms for your Platts/DTD Net prices for BLCO. Seller or Title Holders prefer SBLC, L/C Payment documents and not IRDLC/DLC.