COMMODITY:
BONNY LIGHT CRUDE OIL
ORIGIN:
NIGERIA
QUANTITY:
1 Million Barrels per Month for 12 months with rollover and extension
SHIPMENT:
1 Million Barrel followed each Month
CONTRACT PERIOD
1 YEAR WITH EXTENSION 24 MONTHS
DELIVERY TERMS
CIF
DELIVERY SCHEDULE:
Every Month
MODE OF PAYMENT:
SBLC
PRICE:
BRENT PRICE – Gross US$7per barrel - Net US$5 per barrel
DISCOUNTS for BUYER
NET US$5 BRENT PRICE
OIL WELL SUPPLY