Oil and Petroleum Newsgroup

Location: CANADA, MONTREAL QUEBEC

Nigerian Bonny Light.
We need for our Principals light crude oil STRICTLY under below conditions. Please if ALL below conditions not acceptable, just disregard and not bother. We receive daily offers but both go to bin if not meet below parameters. Only seller if possible or his legal Mandate contact please. - Commodity: Light crude oil - Origin: Nigeria (BLCO) or Middle East (SLCO...) - Quantity: 2-4 Million bbls monthly, for each contract (3 different buyers) - Duration: Min. 12 month contract each, with possible R/E - Delivery: CIF China - Target price: Min. Net discount to buyer $7 under Brent, average 3 days - Commission: Buyer's side Min. $2.50 MUST be fully open, if $3 better - Guarantee: 2% performance bond - Term: Irrev. non trans. DLC+ TT at discharge port after CIQ inspection (SBLC/BG instruments are not acceptable) Procedure: - Seller issues SCO/FCO with fresh past performance sanitized Doc. - Buyer issues ICPO - Seller issues SPA for review and amendements if any - Buyer issues BCL - Seller SWIF non operative 2% P.Bond and partial POP bank to bank - Buyer issues non transferable DLC to activate P.Bond - Seller issues full POP, shipment 20 days after DLC - Buyer wires TT after Q&Q (CIQ) at discharge port - Seller refunds commissions all intermediaries with 48 hours Max.