Bonny Light Crude Oil for Sale

Nigeria's crude oil is the best crude oil in the world. Named Bonny Light, it is very popular and i demand by refineries around the world. This popularity is due to the fact that it is a low-sulfur crude oil which makes it the number one choice of refineries. Serious buyers from around the world are always interested in Nigeria crude.

We are Sellers' Mandates and representatives for Nigeria's major sellers of bonny light crude oil, BLCO and Forcados. Each of our sellers is able to deliver on 2-6 million barrels/month, to serious buyers with the resources and track record.

Review the currently available offers below and if your company is interested do contact us. If you have a different requirements, contact us and we will do our best to help.

2 Million barrels of Bonny Light crude oil

CIF, TTO procedure. Proof of product available.

Procedure

1. Buyer & Seller sign and seal Sales and Purchase Agreement (SPA) and copies are sent to parties’ banks.
2. Buyer issues Bank Guarantee(BG ) MT760, for the total cargo in favor of seller confirmable to seller via his bank, buyer copy’s the seller & buyer mandate with the hard copy & answerback of the BG/LC.
3. Buyer furnish seller with his Marine Authority to Board(ATB)format, with the full contact details of his inspectors and supercargo, including his supercargo international passport details.
Seller`s captain issues a marine generated Authority To Board in favor of buyer’s inspectors and supercargo.
4. Buyers inspectors & supercargo board vessel to ascertain survey and analysis(Quality & Quantity).Inspection conducted and concluded, releases that report of the Quality & Quantity to both parties. Seller re-assigns all cargo documents in favor of buyer’s name.
5. Seller releases contact details of the commercial and foreign handlers of the vessel to Buyer to conclude negotiation for the takeover. Buyer concludes the full charter of the vessel.
6. Buyer pays for cargo and to all intermediaries’ accounts as nominated on the SPA .Vessel sail to buyers destination.

Shipment of 2 Million US barrels BLCO .

With possible rolls and extension at both parties discretion. CIF, TTO and other procedures available.
The price for each Barrel of Bonny Light Crude Oil delivered out-turned barrels shall be Dated Brent” on the date of Bill of Lading as published by McGraw Hill market wire less discount of $12.00USD par barrel.

Procedure

1. Buyer and seller sign the Sales/ Purchase Contract Agreement with Banking coordinates.
2. Seller releases loaded cargo documents for Buyer's independent verification.
3. Buyer's bank places a non-operative Letter of Credit to Seller's bank to be activated by Seller's 2% performance bond (LC must be in the format specified below).
4. Seller issues ATB to Buyer's independent inspectors.
5. Buyer's inspectors go on board vessel within 72 hours after the confirmation of the buyers LC and placement of 2% PB by the seller, to conduct Q & Q, inspection report made available to Buyer.
6. Re-assignment of cargo is done in buyer's name and CPA issued, signed by Buyer and returned to the Seller within 4 working days of receiving a positive Q & Q report. All Original documents handed over to the buyer’s bank.
7. Buyer’s Super cargo goes on board within 3 days after the re-assignment and CPA signed.
8. Payment via swift made to the various accounts in the SPA within 72 hours of Super cargo going on board and Vessel sails afterwards.