Description
COMMODITY IS NIGERIAN PETROLEUM PRODUCT.
Specific gravity at **0c,kg/1
ASTMD***8/PÂ Â Â Â Â Â Â
0.*****9.***8
API at *0 Degrees F
ASTMD ***6/1PÂ Â
**8Â Â Â Â Â Â *@********************>
Color                                            Â
Dark
Brown
BS & W Content [Vol. %]
ASTMD **3/1PÂ Â
*3Â Â Â Â Â Â Â 0.*5
Average
Sulphur %WT
ASTMDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
0.*4% WT
pour Point Degrees F
ASTMDÂ
*7/1P.*5Â Â Â Â Â Â Â Â Â Â Â
*0* [F]Â Degrees F
Water content
                                    Â
0.2% Vol. Max
REIB Vapour Pressure:
6.*2PSIG
QUANTITY AND DURATION:
2MILLION BARRELS THE FIRST MONTH AND 2 TO 4 MILLION BARRELS
MONTHLY.
THE FOLLOWING *2 MONTHS.
DURATION:Â 1 + *2 MONTHS AND MAY ROLE OVER DEPENDING ON
PARTIES PERFORMANCE ON THE PILOT SHIPMENT both parties discretion
contigent upon the successful completion of this transaction.
Buyerhas the option to increase qunatityup to a TOTAl of four
Million (4,**0,**0) barrels +/**5%.
DESTINATION:Â BUYER\'S PORT OF DISCHARGE.
PRICE: The price to be paid shall be based on the loaded quantity
of crude oil for each shipment bbased on standard barrels and under
"Dated Brent" as in the Platt;s oil gram report. The applicable
currency in respect of payment for the cargo shall be united states
Dollar(USD).
DISCOUNT: USD $*1 less $3 per barrel.
COMMISSIONS:Â Buyer to pay broker fee
DELIVERY:Â CIF PORT OF DISCHARGE
DETERMINATION OF QUALITY AND QUANTITY
Quantity and quality to be ascertained by an independent inspector
nominated by the buyer during the independent inspection performed
on board in agreed to international water location. This
certificate of quality should be judged as the final quality and
quantity of the oil delivered in to the Buyer\'s tanker and the
payment will be issued according to it.
PAYMENT:
Cash payment of cargo shall be effected by SWIFT wire transfer from
Buyer\'s bank within *2hours of the cargo documents and commercial
invoice presented at Buyer\'s bank by Seller\'s Bank.
Â
Â
