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.
Safe procedure and long-term cooperation - that is our motto. As an experienced team based in Berlin, with direct contacts to refineries and direct clients, I and my team ensure a smooth procedure.
For us, the customers are the focus of everything we do. To be successful, we need to know what our buyers need.
We want to ensure that we offer our buyers added value with our solutions. We meet our commitments and meet our deadlines and goals.
Send us LOI so that we can start processing the order.
If you have any questions please do not hesitate to contact us!
TYPICAL PROPERTIES
Sr. Property Units Specs. Test Methods
1 Kinematic Viscosity @ 100 C cSt 2.47 ASTM D-445
2 Kinematic Viscosity @ 40 C cSt 7.16 ASTM D-445
3 Density @ 15 C Kg/m3 0.8394 ASTM D-7042
4 Flash Point, ,COC, Min. C 122 ASTM D-92
5 Color- Max - 0.5 ASTM D-1500
6 Appearance - C & B Visual
7 Viscosity Index - 203 ASTM D-2270
8 Pour Point C -6 ASTM D-97
Test Result
Appearance : Clear & Bright
Flash Point Range : 120-170 C
Density @ 29 C : 0.8356
Kinematic Viscosity@ 40 C : 7.469
Kinematic Viscosity@ 100 C : 2,74
Copper Corrision : 1a
Pour Point : -12
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.
Hi Sir/Miss
I am Taufiqul Hakim Tsabit as a mandate from End Seller.
We can supply Light Crude Oil Russian Origin to you.
Monthly quantity: 50,000MT - 500,000MT.
Hi Sir/Miss
I am Taufiqul Hakim Tsabit as an agent from Davao Ctl Trading Corporation.
We can supply Russian Export Blend Crude Oil Gost 9965-76 to you.
Monthly quantity: 500,000BBLS - 8,000,000BBLS.
Hi Sir/Miss
I am Taufiqul Hakim Tsabit as an agent from Davao Ctl Trading Corporation.
We can supply ESPO Russian Origin to you.
Monthly quantity: 500,000BBLS - 8,000,000BBLS.
Hi Sir
I am Taufiqul Hakim Tsabit as a mandate from Davao Ctl Trading Corporation.
We can supply Fuel Oil CST-180 origin Russia to you.
Minimum order quantity: 100,000 - 400,000 MT
Please contact us for further discussion.
Hi Sir
I am Taufiqul Hakim Tsabit as a mandate from Davao Ctl Trading Corporation.
We can supply Base Oil/SN 500 origin Russia to you.
Minimum order quantity: 100,000 - 400,000 MT
Sajal International has a huge market value in Oil Industry and the reason for it is a quality and quantity of the material provided to their valuable clients.
The SELLER and the BUYER, under corporate authority and responsibility respectively represent that the SELLER is the lawful owner of the commodity, in quantity and quality as hereunder specified, and the BUYER has the full capability to purchase the said commodity.
The BUYER desires to purchase Crude Oil (hereinafter called product) of Nigeria Origin.
The Nigerian National Petroleum Corporation (THE SELLER) has sold and the BUYER has bought on Cost Insurance and Freight (CIF) basis to Any Europe or Caribbean Port, the total quantity of 6,000,000.00 BBLS (six million barrels)per month in shipments of 2,000,000 BBLS on a Spot after Spot Contract basis for 12 months.
PROCEDURES FOR CIF / PAYMENT INSTRUMENT:
NOMINATIONS, SHIPMENT & PROCEDURES
I. SELLER SIGN AND SEAL THIS CONTRACT AND RETURN BACK TO SELLER ELECTRONICALLY. THE SIGNED CONTRACT COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE.
II. BUYER SEND STORAGE FACILITY/NOR FORMAT, CLIENT INFORMATION SHEET, PASSPORT COPY AND CERTIFICATE OF BUSINESS REGISTRATION TO SELLER.
III. SELLER CONDUCT DUE DILIGENCE ON THE BUYER THROUGH COMMUNICATION WITH ACCOUNT OFFICER BY PHONE AND EMAIL OR BUYER SWIFT CONFIRMED BANK RWA TO SELLER (SEE ATTACHED FORMAT)
IV. NNPC/SELLER IF SATISTIED WITH THE FINDING WILL PROCESS AND ISSUE COMPLETE CARGO DOCUMENTS AVAILABLE IN CHINA OR ON THE WAY TO CHINA.
BUYER BANK ISSUES CONFIRMED, IRREVOCABLE, UNCONDITIONAL, DIVISIBLE, TRANSFERABLE, CASH BACK MT760/SBLC BY SWIFT IN FAVOR OF THE SELLER, WITHIN 72 HRS, ACCORDING TO SELLERS BANK VERBIAGE OR MT 799 BLOCKED FUNDS SELLER BANK CONFIRMS THE INSTRUMENT AND RESPOND TO BUYERâ??S BANK.
THOUGH NNPC DOES NOT ACCEPT MT700(DLC),WE NOW HAVE SPECIAL ARRANGEMENT TO ACCEPT MT700(DLC) FROM OUR BUYERS AND ON OUR OWN ISSUE NNPC DESIRABLE TO THEM BUT ALL THE INSTRUMENT S INCLUDING THE DLC MUST COME FROM PRIME BANK
V. AFTER CONFIRMING THE INSTRUMENT ,SELLER PAYS FOR THE NOR/ATB TO BE ISSUED FROM VESSEL OR ISSUES SHIPMENT SCHEDULE FOR FIRST MONTH DELIVERY OF 2M BARRELS SHIPMENT.NEXT SHIPMENT SCHEDULE COMES BEFORE PAYMENT OF LAST DELIVERY
VI. NOTE THAT IF THE BUYER WANTS TO BOARD BEFORE ISSUING INSTRUMENT HE HAS TO TAKE CARE OF THE LOGISTICS AND NOR/ATB
VII. NNPC/SELLER ISSUES CONFIRMATION LETTER ON RECEIPT OF INSTRUMENT TO BUYER.
VIII. SELLER ENSURES THAT THE CARGO IS DOCUMENTED, REGISTERED AND OBTAIN CERTIFICATE OF OWNERSHIP/TITLE OF WARRANTY
IX. VESSEL SAILS TO BUYERâ??S STORAGE LOCATION FOR DISCHARGE
X. BUYER CONDUCTS INSPECTION ON VESSEL UPON ARRIVAL AND GET CIQ REPORT.
XI. WITHIN 72 HOURS AFTER DISCHARGE OF CRUDE OIL AT BUYERâ??S PORT OF DESTINATION/STORAGE, THE BUYER PAYS FOR THE CRUDE OIL AS PER THE FINAL CIQ REPORT ISSUED BY INDEPENDENT INSPECTOR AT THE PORT OF DISCHARGE.
