BONNY LITE CRUDEOIL (BLCO) is a high grade of Nigerian crude oil with high API gravity (low specific gravity).
The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low cohesiveness to refinery infrastructure and the lower environmental impact of its by products in refinery effluent.
The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.
COMMODITY: Bonny Light Crude Oil (BLCO)
ORIGIN: Federal Republic of Nigeria
QUANTITY: 2M – 6,000,000 / Barrels monthly / Totaling 24,000,000 Barrels (monthly
Quantity can be increased based on Buyer’s monthly needs)
ORIGIN: Federal Republic of Nigeria
QUANTITY: 2M – 6,000,000 / Barrels monthly / Totaling 24,000,000 Barrels (monthly
Quantity can be increased based on Buyer’s monthly needs)
OUR BONNY LIGHT CRUDE OIL SPECIFICATION
1.Specific Gravity at 60є F/15.55є C: 0.8397 - 0.8498
2.API Specific Gravity at 60є F/15.55є C:37.0
3.Density at 60є F/15.55є C - Cg - C M – MAC 0.85 max
4.Pour Point <40 єF / 4.44 єC
5.Sulfur Content, % Wt.0.14 max
6.Colour- Dark Brown
7. Salinity TB at 0.10% BS&W 47 max
Yield C1-C4 wt%: 2.10
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
This is Our Various Approved Procedures For BONNY LITE CRUDEOIL (BLCO)
Seller is capable of selling BLCO on any of the procedures below.
1. APPROVED CIF PROCEDURE
1. Seller and Buyer sign & seal SALES PURCHASE AGREEMENT (SPA) with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks.
2. Buyer's bank contacts seller's bank by MT 199/799 for familiarization.
3. Seller's bank responds with MT199/799.
4. Buyer’s bank, in no more than 7 banking days of execution of SPA,
issue an In-operative, Irrevocable, Standby Letter of Credit in favor of the Seller, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Seller’s bank in not more than 7 banking days of receipt of Buyer’s Non-operative STANDBY BANK LETTER OF CREDIT (SBLC), shall issue a 2% performance bond in favor of the Buyer, thereby, automatically making the SBLC operative.
6. Seller issues information on laycan to buyer.
7. Seller shall provide the Buyer the confirmed charter party agreement vessel and notification of estimated time of arrival (ETA) to the buyer’s Designated Discharge Port.
8. Loading takes place as per laycan date and Shipping documents formalities completed.
9. Vessel sails.
10. Vessel discharges cargo at Destination Port.
11. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries' nominated Bank Accounts, within two banking (2) days after delivery of Crude Oil at Buyer's Discharge Port against presentation and confirmation of stated shipping document.
2. OPTIONAL CIF PROCEDURE
1. 1. Seller and Buyer sign, seal sales/purchase Agreement with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks.
2.API Specific Gravity at 60є F/15.55є C:37.0
3.Density at 60є F/15.55є C - Cg - C M – MAC 0.85 max
4.Pour Point <40 єF / 4.44 єC
5.Sulfur Content, % Wt.0.14 max
6.Colour- Dark Brown
7. Salinity TB at 0.10% BS&W 47 max
Yield C1-C4 wt%: 2.10
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
This is Our Various Approved Procedures For BONNY LITE CRUDEOIL (BLCO)
Seller is capable of selling BLCO on any of the procedures below.
1. APPROVED CIF PROCEDURE
1. Seller and Buyer sign & seal SALES PURCHASE AGREEMENT (SPA) with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks.
2. Buyer's bank contacts seller's bank by MT 199/799 for familiarization.
3. Seller's bank responds with MT199/799.
4. Buyer’s bank, in no more than 7 banking days of execution of SPA,
issue an In-operative, Irrevocable, Standby Letter of Credit in favor of the Seller, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Seller’s bank in not more than 7 banking days of receipt of Buyer’s Non-operative STANDBY BANK LETTER OF CREDIT (SBLC), shall issue a 2% performance bond in favor of the Buyer, thereby, automatically making the SBLC operative.
6. Seller issues information on laycan to buyer.
7. Seller shall provide the Buyer the confirmed charter party agreement vessel and notification of estimated time of arrival (ETA) to the buyer’s Designated Discharge Port.
8. Loading takes place as per laycan date and Shipping documents formalities completed.
9. Vessel sails.
10. Vessel discharges cargo at Destination Port.
11. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries' nominated Bank Accounts, within two banking (2) days after delivery of Crude Oil at Buyer's Discharge Port against presentation and confirmation of stated shipping document.
2. OPTIONAL CIF PROCEDURE
1. 1. Seller and Buyer sign, seal sales/purchase Agreement with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks.
2. Buyer's bank issues Bank Performance Guarantee of One Million Dollars to Seller's bank.
3. 3. Seller makes a Full Charter of Vessel in Buyer's name and sends Document for Buyer's Confirmation.
4. 4. Buyer’s bank, in no more than 7 banking days of the Confirmation of the Vessel, issue an Operative, Irrevocable, Documentary Letter of Credit in favor of the Seller, transmitted by SWIFT to Seller’s nominated bank.
5. 5. Seller issues information on laycan to buyer.
6. 6. Seller shall provide the Buyer the estimated time of arrival (ETA) to the buyer’s Designated Discharge Port.
7. 7. Loading takes place as per laycan date and Shipping documents formalities completed.
8. Vessel sails.
9. Vessel discharges cargo at Destination Port.
3. 3. Seller makes a Full Charter of Vessel in Buyer's name and sends Document for Buyer's Confirmation.
4. 4. Buyer’s bank, in no more than 7 banking days of the Confirmation of the Vessel, issue an Operative, Irrevocable, Documentary Letter of Credit in favor of the Seller, transmitted by SWIFT to Seller’s nominated bank.
5. 5. Seller issues information on laycan to buyer.
6. 6. Seller shall provide the Buyer the estimated time of arrival (ETA) to the buyer’s Designated Discharge Port.
7. 7. Loading takes place as per laycan date and Shipping documents formalities completed.
8. Vessel sails.
9. Vessel discharges cargo at Destination Port.
10. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries' nominated Bank Accounts, within two (2) banking days after delivery of Crude Oil at Buyer's Discharge Port against presentation and confirmation of stated shipping document. Please when sending us a message kindly quote either "CIF1" or "CIF 2" so we can know the procedure you selected.
TTO PROCEDURE
PAYMENT: Payment will be affected by either L/C / MT-103
PROCEDURE
1. Seller and Buyer sign Sales and Purchase Agreement (SPA) Contract electronically
And both parties place the signed contract with their respective banks; and the
Electronically signed contract shall be deemed legal, enforceable and carries the
Same weight as hard copy.
2. Buyer’s bank places BANK GARANTEE / LETTER OF CREDIT of USD$500,000.00
In favour of the Seller via SWIFT to seller's bank.
3. Seller nominate a vessel, loads it and move it, and issues a Marine ATB to the
Buyer and invites Buyer’s own nominated Inspectors to board the loaded vessel.
Q+Q done and report submitted to both seller and buyer.
4. After Q&Q REPORT is out, seller draws down on the SBLC of (USD $500,000.00)
5. Buyer’s bank issues via SWIFT, to seller’s bank in favour of seller, DOCUMENTARY
LETTER OF CREDIT (DCL) COVERING THE TOTAL COST OF CARGO.
6. Seller assists the Buyer to re-charter loaded vessel from the vessel handler or
Owners.
7. At the presentation of the cargo DOCUMENTS to Buyer's bank, payment is effected
By the buyer within 24 hours via SWIFT to Seller and all the nominated commission,
Agents and Facilitators as contained in this contract document.
8. Buyer takeover vessel and vessel sails off.
APPROVED TTT PROCEDURE
APPROVED FOB PG OPTIONAL PROCEDURE
1. Buyer/Seller sign contract (Sales/Purchase Agreement - “SPA”).
2. Buyer's bank issues a Performance Guarantee of Two Million Dollar to seller's bank according to the seller's approved Verbiage.
3. Buyer sends Complete Vessel Details to seller for Programming in buyer's name.
4. Buyer’s bank, in no more than 7 banking days after the Verification of the Programming, issues an Operative, Irrevocable, Standby Letter of Credit in favor of the Seller according to seller's approved Verbiage, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Buyer's Vessel shall be called into the Terminal and Loading takes place.
6. As per SPA and SBLC payment terms, payment is made by SWIFT, issuing directly to Seller, Intermediaries, Facilitators and Brokers on Q & Q at the Loading Port.
APPROVED FOB PROCEDURE (OPTION 2)
1. Buyer/Seller sign contract (Sales/Purchase Agreement - “SPA”).
2. Buyer's bank contacts seller's bank by MT 199/799 for familiarization.
3. Seller's bank responds with MT199/799.
4. Buyer’s bank, in no more than 7 banking days of execution of SPA, issues a Non-operative, Irrevocable, Standby Letter of Credit in favor of the Seller, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Seller’s bank, in no more than 7 banking days of receipt of Buyer’s Non-operative SBLC, shall issue by SWIFT to buyer's bank a 2% Performance Bond in favor of the Buyer, thereby, automatically making the SBLC operative.
6. Buyer shall provide to the Seller the necessary information pertaining to Vessel ETA to facilitate the smooth loading of cargo at designated loading port.
7. Buyer's Vessel called into the Terminal and Loading takes place.
8. As per SPA and SBLC payment terms, payment is made by SWIFT issuing directly to Seller, Intermediaries, Facilitators and Brokers on Q & Q at the Loading Port.
PROCEDURE
1. Seller and Buyer sign Sales and Purchase Agreement (SPA) Contract electronically
And both parties place the signed contract with their respective banks; and the
Electronically signed contract shall be deemed legal, enforceable and carries the
Same weight as hard copy.
2. Buyer’s bank places BANK GARANTEE / LETTER OF CREDIT of USD$500,000.00
In favour of the Seller via SWIFT to seller's bank.
3. Seller nominate a vessel, loads it and move it, and issues a Marine ATB to the
Buyer and invites Buyer’s own nominated Inspectors to board the loaded vessel.
Q+Q done and report submitted to both seller and buyer.
4. After Q&Q REPORT is out, seller draws down on the SBLC of (USD $500,000.00)
5. Buyer’s bank issues via SWIFT, to seller’s bank in favour of seller, DOCUMENTARY
LETTER OF CREDIT (DCL) COVERING THE TOTAL COST OF CARGO.
6. Seller assists the Buyer to re-charter loaded vessel from the vessel handler or
Owners.
7. At the presentation of the cargo DOCUMENTS to Buyer's bank, payment is effected
By the buyer within 24 hours via SWIFT to Seller and all the nominated commission,
Agents and Facilitators as contained in this contract document.
8. Buyer takeover vessel and vessel sails off.
APPROVED TTT PROCEDURE
1. Seller sends contract to Buyer . Both parties agree to all
conditions, Buyer and Seller signs the contract.
2. Buyer and Seller lodge signed
contracts to their respective Banks.
3. Buyer sends his vessel details; CPA,Q88, Charter Receipt & ATL (with the signed SPA)
4. Upon confirmation of the
buyer’s vessel,seller’s vessel(capt)contacts buyer’s vessel,gives nor and gets
clearance to come into terminal for loading
5. After loading,buyer releases
payment to seller’s account upon successful Q & Q.
6. Fund is transferred to sellers/facilitator’s
account within 48 hours.
APPROVED FOB PG OPTIONAL PROCEDURE
1. Buyer/Seller sign contract (Sales/Purchase Agreement - “SPA”).
2. Buyer's bank issues a Performance Guarantee of Two Million Dollar to seller's bank according to the seller's approved Verbiage.
3. Buyer sends Complete Vessel Details to seller for Programming in buyer's name.
4. Buyer’s bank, in no more than 7 banking days after the Verification of the Programming, issues an Operative, Irrevocable, Standby Letter of Credit in favor of the Seller according to seller's approved Verbiage, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Buyer's Vessel shall be called into the Terminal and Loading takes place.
6. As per SPA and SBLC payment terms, payment is made by SWIFT, issuing directly to Seller, Intermediaries, Facilitators and Brokers on Q & Q at the Loading Port.
APPROVED FOB PROCEDURE (OPTION 2)
1. Buyer/Seller sign contract (Sales/Purchase Agreement - “SPA”).
2. Buyer's bank contacts seller's bank by MT 199/799 for familiarization.
3. Seller's bank responds with MT199/799.
4. Buyer’s bank, in no more than 7 banking days of execution of SPA, issues a Non-operative, Irrevocable, Standby Letter of Credit in favor of the Seller, transmitted by SWIFT MT760 to Seller’s nominated bank.
5. Seller’s bank, in no more than 7 banking days of receipt of Buyer’s Non-operative SBLC, shall issue by SWIFT to buyer's bank a 2% Performance Bond in favor of the Buyer, thereby, automatically making the SBLC operative.
6. Buyer shall provide to the Seller the necessary information pertaining to Vessel ETA to facilitate the smooth loading of cargo at designated loading port.
7. Buyer's Vessel called into the Terminal and Loading takes place.
8. As per SPA and SBLC payment terms, payment is made by SWIFT issuing directly to Seller, Intermediaries, Facilitators and Brokers on Q & Q at the Loading Port.
We have a bulk allocation of this product with verifiable POP, feel free to contact us at anytime.
Having gone through this procedure and you agree to the terms, kindly sends us a LETTER OF INTENT or give us a full details of what you really want so we issue you our offer immediately.
Having gone through this procedure and you agree to the terms, kindly sends us a LETTER OF INTENT or give us a full details of what you really want so we issue you our offer immediately.
