Bonny Light Crude Oil

Tecnical specifications: Specific Gravity at 150c, kg/1                            ASTMD1298/P 0.8397-0.8498 API at 60 Degrees                                              ASTM Table 51 34.54 Salinity        ASTMD 4006/1P 358 4.7P.T.B @ 60 Degrees F Color        Dark Brown BS & W Content [Vol. %]                          ASTMD 473/1P 53 0.25 Average Sulfur 0.14% WT        ASTMD 0.14% wt Pour Point Degrees F                         ASTMD 97/1P.15 40º [F] Degrees F Water Content:         0.2% Vol. Max REIB Vapor Pressure:         6.52PSIG Density at 60є F/15.55є                              C – Cg – C M – MAC 0.85 max  Acid Number        0.39 max Sediment Content, Pct. (%)                       0.50 max  Iron Wt. Ppm                       1.00 max  Nickel Wt. Ppm                       4.00 max  Vanadium Wt. Ppm                       2.00 max  ARTICLE (7) TRANSACTION PROCEDURE FOR THE DELIVERY OF CRUDE OIL TO ANY WORLD SAFE PORT WITHIN ASIAN OR CHINESE WATER ON C&F//  TFD BASES BUYER & SELLER SIGN AND SEAL THIS CONTRACT AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE. SELLER AND BUYER WILL ALSO FURNISH HIS CERTIFICATE OF INCORPORATION AND PASSPORT DATA PAGE. SELLER SEND DETAILS OF LOADED VESSEL WHICH SHALL BE UNDERWAY TO CHINA WATER AND MUST ALL BE CARRYING 2 MILLION BARRELS OF NIGERIAN CRUDE OIL BLCO FOR BUYER TO TRACK AND CONFIRM THE STATUS OF VESSELS ROUTED TO CHINA WATER FOR ORDER. OR SHOWING ANY PORT IN CHINA WHICH WILL BE REROUTED AFTER PROCESS FOLLOWING. UPON TRACKING AND CONFIRMATION OF CARGO ONBOARD AS LADEN VESSEL ROUTED TO CHINA WATER, BUYER WILL RAISE $2,000.000.00 USD BY ESCROW OR BLOCKED FUNDS AS GUARANTY TO ANY NOMINATED ACCOUNT BY SELLER AND BUYERS SHIPPING AGENT WILL RELEASE THEIR FORMAT FOR THE ISSUANCE OF MARINE NOR//ETA BY THE VESSEL CAPTAIN TO THE SHIPPING AGENT AND COPY ALL THE PARTIES, NOR//ETA SHALL BE ISSUED.  ALL CARGO DOCUMENTS BELOW WILL BE ISSUED IN FAVOUR OF BUYER COMPANY:  1. BILL OF LADING 2. CARGO MANIFEST 3. CERTIFICATE OF AUTHENTICITY 4. CERTIFICATE OF QUALITY 5. CERTIFICATE OF QUANTITY 6. CERTIFICATE OF ORIGIN 7. TANKER ULLAGE REPORT 8. MASTER'S RECEIPT FOR SAMPLE 9. MASTER’S RECEIPT FOR DOCUMENTS. 10. AUTHORITY TO SELL. 11. Q88 FULL COPIES SIGNED BY VESSEL CAPTAIN SELLER SHALL INSTRUCT // ORDER THE VESSEL CAPTAIN TO REROUTE TO BUYERS PORT OF DISCHARGE, THE ROUTING WILL BE REFLECTED ON THE MARINE TRAFFIC WEBSITE, WHICH WILL SHOW VESSEL DESTINATIONS AS PER BUYERS PORT AS NOMINATED (PORT A.: HUANGDOA PORT IN CHINA.)  (PORT B.: QINGDAO PORT IN CHINA.) TITLE OF WARRANTY & CERTIFICATE OF OWNERSHIP CAPTAIN SHALL SEND AUTHORIZATION LETTER TO SHIPPING AGENT TO CLEAR HER INN AND OUT OF THE PORT ON ARRIVAL AND DEPARTURE, THE CAPTAIN WILL OPEN VOICE COMMUNICATION WITH BUYERS SHIPPING AGENT AND SEND THE 15 DOCUMENTS AS PRE-PORT DECLERATION DOCUMENTS ENDORSED AUTOGRAPH AND VESSEL STAMP. BUYER SHALL RELEASE THE SUM OF $20.800.000.00 USD AS PARTIAL PAYMENT OF 20% OF THE TOTAL COST OF CARGO VALUE TO ANY NOMINATED ACCOUNT OF THE SELLER, PAYMENT WILL BE DONE WITHIN 48HRS. VESSEL SHALL THEN PROCEED FINALLY TO BUYERS PORT FOR ANNOUNCEMENT ON ARRIVAL TO THE PORT CONTROL IN FAVOUR OF BUYERS COMPANY AND ISSUE MARINE ATB FOR BUYER INSPECTORS TO CONDUCT CIQ. INSPECTION ON THE VESSEL AND GET CIQ REPORT TO BUYER AND COPY SELLER WITHIN 48HOURS. WITHIN 72 HOURS AFTER INSPECTION AT BUYER’S PORT OF DESTINATION, SELLER SHALL ISSUE COMMERCIAL INVOICE, THE BUYER PAYS FOR THE CRUDE OIL AS PER THE FINAL Q&Q / CIQ REPORT ISSUED BY INDEPENDENT INSPECTORS AT THE PORT OF DISCHARGE AND PAYMENTS SHALL BE MADE BY SWIFT MT103/WIRE TRANSFER DIRECTLY TO THE SELLER’S AUTHORIZED BENEFICIARY NOMINATED BANK ACCOUNTS  THE AGENTS AND FACILITATORS COMMISSION WILL ALSO BE MADE SYMOTENOUSLY AS STIPULATED IN THE IMFPA IN THIS CONTRACT WITHIN 72HOURS AFTER PRODUCT DELIVERY TO BUYER’S NOMINATED PORT OF DISCHARGE, AGAINST PRESENTATION OF STATED SHIPPING DOCUMENTS, CIQ / Q&Q REPORTS, COMMERCIAL INVOICE ETC (NON-NEGOTIABLE COPIES) AT BUYER’S BANK. THE SIGNATORIES OF THIS CONTRACT FOR THE BUYER/SELLER, WHO APPEARS ON EACH PAGE, MEANS TO ACCEPT ALL CONTRACT CONTENT FOR QUANTITY, DISCOUNT AND PROCEDURES THIS CONTRACT CONSISTS OF NINE (9) PAGES ALL OF THEM SIGNED BOTH BY SELLER AND BUYER, IN ORDER TO GIVE FAITH OF ALL ITS CONTENT AND TO AGREE AS EXPRESSED IN THE CONTRACT. HE BUYER GIVES FAITH OF WHICH THE ABOVE-MENTIONED CONTRACT HAS NOT BEEN MODIFIED OR ALTERED BY THIS PERSON IN ANY PARAGRAPH.