As client(buyer) you will have to write a letter of intent, introduce yourselve, and state in detail what capacity you want to do business with us. We will then do our KYC, mainly if the client is not known.
As Seller, we lift and trade officially allocated NNPC crude cargoes of various grades as detailed in the attachment.
However, we are usually weary when we see requests from unidentified buyers who are looking to buy BLCO, especially if it's with a price formula of dated brent minus a discount. These such requests usually come from people looking to purchase illegitimate or stolen crude oil, and we, Seller, will never entertain such. All our allocations are official NNPC allocations priced at dated brent plus the Official Selling Price (OSP) as published by NNPC monthly.
To enable us to move forward, if your intended buyers are indeed legitimate, then they should provide the following as our standard KYC requirements before we can consider any trading business relationship:
Certificate of Incorporation or equivalent.
Memorandum and Articles of Associations or equivalent.
List of Ultimate Shareholders/Beneficiaries.
The company's full style with contact details (name, function, address, phone, fax, email).
An Annual Report including complete Audited Financial Statements for the last three years, plus interim financials for the� current year.
At least one (preferably two) Bank references from a reputable First-Class Bank/Financial Institution acceptable to Seller.
A complete organization chart showing the company's group affiliations, ownership structure, and percentages.
Fully updated company profile outlining owners/shareholders and stating in detail companies' history of� crude� oil� purchases/transactions.
Verifiable references from a refinery where the� crude� is processed and refinery details/location/specifications.
Verifiable shipping references confirming recent crude cargoes loaded/locations/volumes/dates/charter party terms.
Verifiable banking references confirming financial capability/banking history/value of line facilities.
Verifiable trading references outlining companies that have traded/sold crude cargoes to the company stating grades/volumes/dates.
Three years audited financial accounts.
The legitimate crude oil trading business community is very interconnected, and this basic information is easily obtained and easily verifiable among trading entities.
Origin: Nigeria; Price: Discount $10; Delivery Terms: CIF ; Supplier: NNPC; Payment: MT799 BLOCK FUND or MT760 SBLC OR MT700 DLC;
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
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
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.
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.
For all seeking BLCO through the OFF OPEC channel we can assist in procuring for your needs. We always deal with the same source when procuring BLCO through the OFF OPEC channel. Nigerian National Petroleum Corporation is and will always be the Seller for Nigerian Crude. Our company claims no rights of owning any oil nor have any right to sell oil. What we can do is provide you with the necessary information to purchase through the OFF OPEC channel and guide you directly through the process. Beware of Fraud : *Anyone claiming to be a seller of Nigerian Crude * Any vessels claiming BLCO for sale on the way to China * PB upfront * Not using a top world bank For more information send us an email and we will responds in the order to which it was received.
