BONNY LIGHT CRUDE OIL. The following is the procedure.

FCO ON BONNY LIGHT CRUDE OIL (BLCO)

DESTINATION: CIF

We are capable of supplying/Shipping two Million (2,000,000)barrels +/-05% for 12 Months, with possible rolls and extension at both parties discretion. Quality is BLCO(Nigeria Bonny light crude oil) export standard with below specification.

Specific Gravity: 0.8459.

Water Content: 0.2% Vol. Max

BSW: 0.6% Vol., max.

Pour point: Below 40 Degree F. max

Salt: LB per 1,000 bbl, 12, max

Total Sulphur, wt%: 0.14 max

Reid Vapor Pressure: 6.52 PSIG, max

Carbon Residue, wt%: 1.0, max.

VINI, PPM wt:, 2.0

Vis, cst @ 37.8 Deg C.: 3.47, min.

Yield C1-C4 wt%: 2.10

DESTINATION:

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 NAME.

6. Within seven to 30 days of (5) above, Seller furnishes CPA & Q88 and the relevant documents to Buyer and/or Buyer’s bank.

7. upon arrival at the buyer’s nominated port of discharge, an independent Q & Q is conducted. After the vessel has discharged its cargo at Buyer’s designated port outlined above and Buyer has received the Discharge Report as shall be confirmed by the captain of the vessel and all relevant documents handed over, Buyer then makes payment by MT103 Wire Transfer to Seller’s Bank Account payable at its counter for this transaction and for fee to all beneficiaries named in Master Fee Protection Agreement in the contract.

8. Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and commission agents’ accounts as stipulated in the IMFPA in contract Agreement within three (3) international banking days after product delivery and discharge at Buyer’s nominated port of discharge.

Yours truly, Richardson Email....bonnieliteoil682@gmail.com