2MBBLS BLCO LOADED VESSEL READILY AVAILABLE (Outside Nigerian Waters)
Price: (-$10/-$6)
Quantity: 6MBBLS per Month
Special Notes: Full upfront (POP)
Procedures: Buyer sends RWA, Seller sends (Full POP), Buyer verifies, Sign (SPA)
and Swift a DLC/MT700/SBLC. Seller issues a 2% Performance Bond
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
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.
PROCEDURE: CIF DELIVERY FOR TRANSACTION VIA SWIFT MT700 DLC
GROSS DISCOUNT US$10.00 per Barrel.
NET DISCOUNT TO THE BUYER US$6.00 per Barrel
THE SELLER'S FACILITATORS US$2.00 PER BARREL.
THE BUYER'S FACILITATORS US$2.00 PER BARREL.
TRIAL QUANTITY: 2 MILLION BARRELS.
1. Seller releases his signed SPA.
2. Buyer confirms the SPA and signs and seals the Contract with
banking coordinates and exchanges the signed copy by electronic mail.
The electronic and signed copy by both Parties is considered legally
binding and enforceable and must not be changed.
3. The executed SPA is lodged with their respective banks.
4. Buyer issues DLC via MT700 to Sellers Fiduciary Bank Account with
Sellers agreed Verbiage.
5. Upon receiving Buyer's DLC, Seller's Fiduciary Bank verify and
confirms the DLC.
6. Sellers Fiduciary Bank issues 2% Performance Bond.
7. Seller loads the vessel in Buyers Name and issues full POP bank to
bank basis only and NOR/ETA to buyers shipping agent.
8. Seller authorizes vessel Captain to issue MATB/DTA to Buyers
Inspectors while Buyer clears the vessel and boards Inspectors who
performs timely Q&Q/CIQ analysis/inspection at Buyers expense.
9. Immediately after successful Q&Q analysis, Vessel discharges into
buyer tank farm.
10. Seller releases loaded cargo documents in favor of the Buyer and
hard copy delivered to Buyer.
11. Buyer makes full Payment via Swift MT103 Wire Transfer for total
cargo to Sellerâ??s nominated bank account within 72 hours. Seller shall
pay all commissions to agents and facilitators the same day.
Bonny Light Crude oil is a high grade Nigeria crude oil with high API gravity ( low specific gravity) with 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.
BS&W ( Centrifuge ) 0.2%
Sulphur content less than 0.14% Max
Reid vapour pressure 6.52 PSIG
Price of product ( USD price or FOB price) :
FOB USD 13/4, CIF USD10/4, per barrel.
Product origin :
Nigeria
Key Specifications/Special Features :
NNPC STANDARD NNPC TECHNICAL SPECIFICATIONS:
SPECIFIC GRAVITY: 0.8398
API AT 60 DEG. F: Min 34.00 5% (ASTM D-1298)
WATER CONTENT BY DISTILLATION: 0.2% (ASTM D-4006)
POUR POINT DEGREES F: BELOW 40 (ASTM D-97)
SULFUR WEIGHT %: 0.14 (ASTM D-139)
SALT CONTENT PARTS PER BILLION: 3.0 (ASTM D-526)
REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529)
KINEMATIC VISCOSITY @ 30 DEG. C: 2.2 (ASTM D-523)
DISTILLATION INITIAL BOILING POINT (IBP): 35 DEG. C (ASTM D-86)
DISTILL TO 75 DEG. C VOL.%: 7.0
DISTILL TO 175 DEG. C VOL.%: 35.5
DISTILL TO 250 DEG. C VOL.%: 51.5
DISTILL TO 300 DEG. C VOL%: 60.5
COLOUR Dark Brown
Minimum Order Size and Packgaing details :
2 Million, 4 Million and 10 Million Barrel, Minimum 2 Million barrel Vessel per month.
we are factory for base oil
we can offer high quality base oil in 3 kinds SN150 - SN300 - SN500
our max output is 250 mt per month
we can also make other kind of oils according to your spec and make private brand
Crude oil, Merey 16Price: $55/barrel
Monthly quantity: 5 million barrels.
Contract: 1 to 3 years.
Product: crude oil Merey 16.
Contract through: Frontig company located in Spain.
To start the process: LOI. + BCL
Cif Spot 2,000,000 Bbls Liftable Contract To Rotterdam And A Possible Extension Of 12 Months Cif (rotterdam)
Gross $11 Usd, Net $8 Usd Bbl
Nigerian Light Crude Oil Specification:
Specific Gravity
API
Water Content
BSW
Pour Point
Salt, LB per 1,000 bbl
Total Sulfur, wt%
Reid Vapor Pressure
Carbon Residue, wt%
VINI, PPM wt
Vis, cst @ 37.8 Deg C.
Yield C1-C4 wt%
0.8459
35.8 degrees, min.
0.2% Vol, max
0.6% Vol, max.
Below 40 Degree F, max.
12, max
0.14, max.
6.52 PSIG, max.
1.0, max.
<2.0
3.47, min.
2.10
We facilitate the buying and selling of crude oil and are dedicated to
providing best quality service to our clients. We believe in and work with great
integrity and uncompromising ethical standards.
We have access to a network of potential oil buyers and sellers in the oil
industry to broker or facilitate the buying and selling of Angolan Crude Oil.
We have access to serious global sellers and buyers of a variety of light crude
oil and a process that both protects and expedites the buying process for all
parties involved.
Petroman Oil works with end-buyers, sellers and buyers mandates for crude
oil. We extensively scrutinise and investigate our contacts to weed out â??illegitimateâ?�
buyers and sellers to achieve safe and smooth transactions for all parties
involved, thus the turn-around time of our transactions has improved.
If you are a serious buyer or seller of Angolan Light Crude Oil or other
petroleum products and need our services, please call or email us and we will
get back with you as soon as possible.
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Extends service, engines can operate for extended periods between service.
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Good for the environmentàeliminate filters and reduces waste completely cleanable, reusable system saves you money by reducing disposal costs and eliminating filter expenses. Turning waste oils into fuel
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The only tool to re-purify oils for get the most use from it. Take free waste oils and use them again or turn them into fuel.
