OUR SALES PROCESS IS STRICTLY BANK TO BANK COMMUNICATIONS ONLY.

BONNY LIGHT CRUDE OIL FOB SALES AT BONNY LOADING TERMINAL NIGERIA.

Crude Oil typeBonny Light Crude Oil
OriginFederal Government of Nigeria
API Gravity34 – 37
Loading portBonny Ocean Terminal, Federal Government of Nigeria.
Sales typeFOB sales at Bonny ocean terminal, bonny port, Nigeria
Selling priceBrent Platt price minus one dollar discount on three day average at the loading port.
Trial shipment quantity and durationTwo million barrels monthly for three months.
Long term monthly quantityBuyer’s preferred quantity between two to six million barrels per month
Long term durationTwelve to twenty-four months with extension
Mandatory payment guaranty for the trial FOB sales of one million barrels bonny light crude oil.Refinery gives verifiable official purchase order attested by bank account officer strictly for hundred percent value of the trial shipment only.

Payment strictly in United States Dollars after loading at the loading port.
Mandatory payments guarantee for long term monthly bulk sales.

Payment strictly in United States Dollars after CIF delivery.
1a. Seller (title holder’s) bank: Three percent performance bond by verifiable Non Divisible Non Transferable Direct Letter of Credit (DLC) valid for 366 days.

1b. Seller (title holder): official loading and delivery dates schedule for the next twelve to twenty-four months of the buyer’s project.

2. Buyer’s bank: verifiable Non Divisible Non Transferable Direct Letter of Credit (DLC) for one hundred percent value of the monthly shipment.