Origin |
Nigeria |
Model Number |
PUI/BLCO/10/09 |
BASIC INFORMATION PRODUCT Bonny Light Crude Oil – BLCO QUALITY Export standard NNPC QUANTITY 2,000,000 (Two Million) barrels in two tranches of 1,000,000 each per month CONTRACT DURATION 12 (twelve) months with extension DESTINATION PORT Mediterranean CIF PRICE Three day average of (DTD) Brent, as stated in the Platts Oil gram Market Report, DISCOUNT us dollar 2.00 per barrel, Net us dollar 1.00per barrel, PAYMENT DOCUMENT Revolving Documentary Letter of Credit – RDLC PERFORMACE BOND 1 percent in favor of RDLC in favor of Buyer Nigerian Origin Will send over Sale and Purchase Agreement for Bonny Light Crude Oil on CIF ASWP basis consigned to Seller and re-assigned to final Buyer
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