TIM KRIS GLOBAL CONCEPTS LTD and CANDEMIR SAN VE TIC STL. ON BONNYLIGHT CRUDE OIL (BLCO)DESTINATION: CIFWe are capable of supplying/Shipping two Million (2,000,000)barrels+/-05% for 12 Months, with possible rolls and extension at bothparties discretion. Quality is BLCO(Nigeria Bonny light crude oil)export standard with below specification.NNPC TECHNICAL SPECIFICATIONSPECIFIC GRAVITY: 0.8398.API AT 60 DEG.F: mIN 34.005%(ASTM D-1298)WATER CONTENT BY DISTILLATION: 0.2% (ASTM D-4006)POUR POINT DEGREES F: BELOW 40 (ASTM D-97)SULFUR WEIGHT %: 0.14 (ASTM D-139)SALT CONTENT PART PER BILLION: 3.0 (ASTM D-526)REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529)KINEMATIC VISCOSITY AT 30 DEG.C: 2.2 (ASTM D-523)DISTILLATION INITIAL BOILING POINT (IBP): 35 DEG.C (ASTMD-86)DISTLL TO 75 DEG.C VOL.%: 7.0DISTLL TO 175 DEG.C VOL.%: 35.5DISTLL TO 250 DEG.C VOL.%: 51.5DISTLL TO 300 DEG.C VOL.%: 60.5COLOUR DARK BROWNDESTINATION:CIFPRICE:The price for each Barrel of Nigeria Light Crude Oil deliveredout-turned barrels shall be Dated Brent on the date of Bill ofLading as published by McGraw Hill market, Gross discount of$10.00USD per barrel,$6.00 Net to Buyer,$4.00 to Brokers asfollows; ($2.00 TO SELLERS AGENT & FACILITATORS,$2.00 TO BUYERSAGENT & FACILITATORS.)PROCEDURES:1 Seller issues draft contract/spa, signed and sealed to thebuyer 2 Buyer sign, seal and return to Seller including BuyersCompany Profile, with SPA lodged to Buyers Bank. Seller lodges thesame with his Bank. The electronically signed and sealed contractis legally binding and enforceable.3 Seller/Sellers bank gives a Pre-Advice letter to Buyers payingBank that the agreement has been lodged in the bank, it is activeand Seller is fully RWA to proceed as per the terms and conditionsstipulated in the SPA and it is Ready, Willing and Able to issue tothem a 2% Performance Bond if it receives an Operative, DocumentaryLetter of Credit DLC.4 Buyers bank and Sellers bank communicate in the swift bank tobank system and simultaneously present to each other their bankinginstruments. Seller provides the PB in favor of the buyer for 2% ofthe buyers DLC and the Buyer provides the DLC for the cost of oneshipment on the same day. 5 The Seller within 5 (five) banking days confirms acceptanceof Buyers DLC than Seller nominates a vessel and notify the Buyerfor acceptance6. Within seven to 30 days of (5) above, Seller furnishes CPA &Q88 and the relevant documents to Buyer and/or Buyers bank.7. upon arrival at the buyers nominated port of discharge, anindependent Q & Q is conducted. After the vessel has dischargedits cargo at Buyers designated port outlined above and Buyer hasreceived the Discharge Report as shall be confirmed by the captainof the vessel and all relevant documents handed over, Buyer thenmakes payment by MT103 Wire Transfer to Sellers Bank Accountpayable at its counter for this transaction and for fee to allbeneficiaries named in Master Fee Protection Agreement in thecontract.8. Payments are made by Swift Wire Transfer directly to the Sellersbank accounts and commission agents accounts as stipulated in theIMFPA in contract Agreement within three (3) international bankingdays after product delivery and discharge at Buyers nominated portof discharge.ONLY SERIOUS END BUYER SHOULD CONTACT USYours truly,Stephen HermansonFacilitatorTIM KRIS GLOBAL CONCEPTS LTD and CANDEMIR SAN VE TICSTL..EMAIL:[email protected]
