OPERATIONAL TERMS PAYMENT TERM: MT 103 PETROLEUM PRODUCTS ON SALE Jet Fuel (JP54, Jet A1) Quantity: 1,000,000 BBL - 2,000,000 BBL Price: 42 USD/40 USD Diesel (D2, EN590, 10ppm, ULSD, EURO4, EURO5, HSD, Fuel Oil CST180) Quantity: 50,000 MT - 100,000 MT Price: 220 USD/210 USD Virgin Fuel Oil (D6) Quantity: 100,000,000 GAL - 100,000,000 GAL Price: 0,85 USD/0,81 USD LIQUEFIED NATURAL GAS (LNG) Quantity: 50,000 MT - 100,000 MT Price: 235 USD/ Net 225 USD LIQUEFEID PETROLEUM GAS (LPG) Quantity: 50,000 MT - 100,000 MT Price: 235 USD/225 USD LIGHT CRUDE OIL Quantity: 50,000 MT - 200,000 MT Price: 220 USD/210 USD LIGHT CYCLE OIL Quantity: 50,000 MT - 200,000 MT Price: 220 USD/210 USD MAZUT Quantity: 50,000 MT - 200,000 MT Price: 220 USD/210 USD RUSSIAN ESPO Quantity: 2,000,000 BBL - 2,000,000 BBL Price: 43 USD/41 USD (REBCO) RUSIAN EXPORT BLEND CRUDE OIL Quantity: 2,000,000 BBL - 2,000,000 BBL Price:40 USD/38 USD
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.
