Bonny Light (BLCO)

Product Details

Commodity Nigerian BLCO - Bonny Light Crude Oil- per 12 months as follows:

1. Commodity: BLCO (Bonny Light)

2, Quantity 2.000.000 to 4,000,000 barrels per month (+/-10 percent) Shipment of Nigerian Bonny Light

Crude Oil x 12 months, with R&E and Trial 1.000.000/2.000.000 barrels, with MT700 transferable and irrevocable

3. Specification: See attachment

4. Origin: Nigeria

5. Terms of Delivery: CIF (Cost Insurance Freight), ASWP (Any Safe World Port)

6. Price: CIF per barrel. North Sea Brent Crude Oil, listed as Brent, in Platts Oil gram price report, less a discount, $ 3.00 USD per barrel. Net to Buyer

7. Terms of Payment: via Swift MT103 / Telegraphic Transfer to Seller’s account against the final net out-turn of Q&Q result of cargo discharged and cargo document.