BONNY LIGHT CRUDE OIL

PRODUCT :  NNPC - Export Grade Bonny- Light Crude Oil from Nigeria.

QUANTITY:  2MMT BARRELS (DELIVERY in slots of 2million barrels

monthly for period of 12month)

DELIVERY :

1. TTT OUTSIDE BAR LOME (Incoterms latest revision)-AWSP in Buyers option.
2. Tanker Take Over (TTO). Discharge point: as accepted by all parties or Togo Triangle.

PRICE:

TTT: The PLATTS OIL GRAM PRICE REPORT - USD 8

TTO: The PLATTS OIL GRAM PRICE REPORT-  USD 9

SPECIFICATIONS/REPORT OF TEST ANALYSIS.

Specific Gravity at 150C,

Kg/1 ASTMD1298/P 160 0.8597

API at 60 Degrees F. ASTM Table 51 33 - 37

Salinity ASTMD 4006/1P 358 4.7P.T.B@60Degrees F

BS & W Content (Vol. %) ASTMD 473/1P 53 0.25 Average.

Pour Point Degrees F. ASTMD 97/1P 15 +/-45 Degrees. F

Sulphur % wt ASTMD 0.014

PAYMENT

TTO: By an irrevocable Bank Guarantee, sent by swift, cashable

maximum48hours upon confirmation of Q&Q by buyers

Inspectors before Taking Over

TTT: Immediately upon satisfactory Q&Q, Payment will be made by a Swift Bank Transfer to the Sellers bank by Buyers prime bank in US Dollars. Payment shall be made and effected at sight for this shipment in net cash in US Dollars by SWIFT telegraphic WIRE transfer without deduction, off-set or counterclaim, latest three (3) calendar days after discharging date (date of completion of discharging = day 1).

Should you have any concern, Please do not hesitate to contact us.

Best Regards

RICHARD AGUILAR  
Commercial Executive

Ex-All Ltda