Bonny Light Crude Oil

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PAYMENT TERMS: Swift MT799 Blocked Funds, swift MT103 DISCOUNT GROSS: USD14 BELOW NET 10 OR 12/8 AND USD4.00 COMMISSION AVAILABLE QUANTITY: 10,000,000 Barrels Nigerian Bonny Light Crude Oil MINIMUEM QUANTITY: 2,000,000 Barrels Nigerian Bonny Light Crude Oil PRODUCT: BONNY LIGHT CRUDE OIL REFERENCE PRICE: PLATTS - 12 OR 10 DEPEND ON BUYER AGREED QUANTITY: 2 To 10 Million Barrels Per Monthly Lift CIF, TTO SPOT Barrels FREQUENCY: CIF/ TTO SPOT PURCHASES FOR ONE YEAR SELLER LOADING PORT: Bonny Terminal, Nigeria. BUYER DESTINATION PORT: CONTRACT DURATION: 12 Months with rolls and extensions CONTRACT SHIPMENTS: 10,000,000 Barrels of 2,000,000 Barrels vessel X 5 as trial shipment with subsequent shipment. INSPECTION: SGS as sellera s Surveyor shall inspect the commodity at the port of loading, Same as discharge port. SGS shall issue an inspection certificate of the loaded quantity and quality for each shipment to certify that the goods are in good order and conditions and being conform to the specification herein stated as per signed contract.