Product : BLCO
Discount : 12/4
PROCEDURES: TTO GHANA WATER.
1.Buyer and Seller sign SPA. Buyer returns signed SPA to Seller with MATB Format. Both parties lodge the contract in their respective banks.
2. BUYER's BANK ISSUE FIVE HUNDRED MILLION NAIRA (N500,000,000.00) BLOCKED FUNDS TO SELLER'S FIDUCIARY AGENT ACCOUNT. SELLER CONFIRMS THE FIVE HUNDRED MILLION NAIRA (N500,000,000.00) BLOCKED FUNDS, AND THEN instructs his loaded Vessel Captain to issue NOR/ETA to Buyer AND VESSEL sails to GHANA WATERS for Q & Q.
3. Vessel arrives GHANA WATERS for Q & Q, and Vessel Master MAKES ANNOUNCEMENT TO BUYER. Buyerâ??s Shipping Agent clears the VESSEL INTO 10-12NM Tema, GHANA Waters. Captain issues MATB to Buyer, and Buyer boards his Supercargo and Inspector on the LOADED vessel at his own COST.
4. After successful Q & Q, BUYER PAYS TWO MILLION US DOLLARS (USD2M) CASH TO SELLER'S ACCOUNT, FOR LOGISTICS AND DOCUMENTATION IN BUYER'S NAME, within TWENTY FOUR (24) HOURS, AFTER Q AND Q RESULT.
5. BUYERâ??S BANK SWIFT A DIVISIBLE, TRANSFERABLE, ASSIGNABLE, IRREVOCABLE, CASH-BACKED MT103 TO SELLERâ??S ACCOUNT FOR THE TOTAL CARGO COST, LESS THE TWO MILLION US DOLLARS ( USD2M) EARLIER PAID BY THE BUYER TO THE SELLER, FOR THE LOGISTICS AND DOCUMENTATION IN BUYER'S NAME.
6. Seller GIVES soft copies OF CARGO DOCUMENTS to the Buyer.
7. Seller introduces BUYER TO Vessel Owners/Operators/Agents for re-chartering of the vessel by Buyer.
8. Payments are then made for the total cargo COST, less the TWO MILLION US DOLLARS (USD2M) EARLIER PAID TO THE SELLER, AND all commissions by Swift Wire or TT Transfer directly to Sellerâ??s nominated bank account. Commissions are also paid simultaneously to the Agents/FACILITATORSâ?? accounts.
9. Seller and AGENTS/FACILITATORS confirm payments, and Seller gives Buyer original of all loading documents, and allows vessel to sail to Buyer's final Port Of Discharge
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.
