Bonny Light Crude Oil, QUA IBOE – 24,000,000 barrels ‘TTO’ basis

22 November 2010 - Comments Off on Bonny Light Crude Oil, QUA IBOE – 24,000,000 barrels ‘TTO’ basis by - Crude Oil, Products & Commodities

This offer is direct from the NNPC. The contract is 2,000,000 barrels x 12 months = 24,000,000 barrels.

Discount

Gross Discount to the Buyer is US$ 10.00 (Ten Dollars) per barrel below DID Brent.

  • Gross: US$ 10.00/Bbl
  • Net: US$ 7.00/Bbl

Commission

US$ 7 per net to buyer and US$3.00/bbl OUT-TURN to be paid by the BUYER, distributed as follows:

  • A. US$ 1.50 per net out-turn barrels to be paid to sellers side;
  • B. US$ 1.50 per net out-turn barrels to be paid to buyers side;

Proof of Product

On receipt of LOI from the qualified buyer we shall send you POP first followed by SPA.

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