Bonny Light Crude Oil Co

Company Description

FCO ON BONNY LIGHT CRUDE OIL (BLCO)DESTINATION: CIFSpecific Gravity: 0.8459.Water Content:0.2% Vol. MaxBSW:0.6% Vol., max.PBonny Light Crude Oil Co point:Below 40 Degree F. maxSalt:LB per 1,000 bbl, 12, maxTotal Sulphur, wt%:0.14 maxReid Vapor Pressure:6.52 PSIG, maxCarbon Residue, wt%:1.0, max.VINI, PPM wt:,2.0Vis, cst 37.8 Deg C.:3.47, min.Yield C1-C4 wt%:2.10DESTINATION: CIF PRICE:The price for each Barrel of Nigeria Light Crude Oil delivered out-turned barrels shall be Dated Brent? on the date of Bill of Lading as published by McGraw Hill market, Gross discount of $10.00USD per barrel, $6.00 Net to Buyer, $4.00 to Brokers as follows; ($2.00 TO SELLER?S AGENT & FACILITATORS, $2.00 TO BUYER?S AGENT & FACILITATORS.) PROCEDURE:1. Buyer and Seller sign and seal Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable.2.SELLER?S BANK WRITES TO BUYER?S BANK THAT UPON RECEIPT OF NON OPERATIVE LC THAT SELLER WILL GIVE 2% BONDS TO BUYER?S BANK.3.BUYER?S BANK UPON CONFIRMATION OF SELLER?S LETTER, GIVES NON OPERATIVE LC IN FAVOR OF SELLER TO SELLER?S BANK.4.SELLER?S BANK UPON CONFIRMATION OF BUYER?S NON OPERATIVE LC, GIVES 2% BOND TO BUYER?S BANK AND COPY BUYER.5.SELLER PROGRAMMES VESSEL AND LOAD IN BUYER?S