PRODUCT: BONNY LIGHT CRUDE OIL
DESTINATION PORT: FOB LAGOS NIGERIA / CIF ASWP
QUANTITY: 3000.000 barrels per month x 12 barrel, 72.000.000 barrels year (+/- 5%)
PAYMENT CONDITIONS : By MT103 wire from a Prime World Bank payable 100% at sight of SGS Q&Q Report based on out-turn barrels received by buyer.
1. The price shall be determined by the average of the three days around the discharged date (the day before, the day of the discharged date and the day after) referred to Platt’s publication, heading: Dated Brent (dtd).
2. The Buyer undertakes to nominate the discharge port(s) as to Any Safe USA or European Port not restricted or embargoed by any international organization. Both parties agree to set the price by using the above-mentioned publication.
3. A gross discount of US $10.00 and a net discount of US $6.00 per barrel to the buyer.
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