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Bonny Light Crude Oil Supplier

Financely Group is a premier supplier of Bonny Light Crude Oil (BLCO), offering up to 100,000 Metric Tons (MT) per month to our esteemed clientele. With strategic partnerships and term contracts with the Nigerian National Petroleum Corporation (NNPC), we assure consistent supply and premium quality to meet global demands.


Product Specifications:

  • Type: Bonny Light Crude Oil (BLCO)
  • Monthly Supply Capacity: Up to 100,000 MT
  • Pricing: Market Price +3% Premium
  • Delivery Terms: Tanker Take Over (TTO) or Cost, Insurance, and Freight (CIF)


Bonny Light Crude Oil Specifications:

  • API Gravity: 34-37 degrees – indicative of light crude, enhancing refining efficiency.
  • Sulfur Content: 0.14% max – classifies BLCO as sweet crude, preferable for its lower environmental impact.
  • Pour Point: Below 40°F – ensures fluidity and ease of transport.
  • Total Sulphur (WT%): 0.14 max – minimizes sulfur emissions during refining.
  • Reid Vapor Pressure: 6.52 kPa max – ensures safety and stability during storage and transport.


Transactional Terms:

  • Payment Instrument: Standby Letter of Credit (SBLC) from top-tier international banks.
  • Fund Release: Upon cargo inspection and successful title transfer, facilitated through JPMorgan Chase.
  • Inspection: Conducted by an internationally accredited third-party agency to confirm quantity and quality as per specifications.


Process for Prospective Buyers:

  1. Initial Contact: Buyers must request a quote via the procurement page, confirming their accredited investor status.
  2. Due Diligence and Documentation: A comprehensive package including the Full Corporate Offer (FCO) will be provided for review and acceptance.
  3. SBLC Issuance: Post-due diligence approval, buyers will issue an SBLC, guaranteeing payment upon successful verification of the cargo.
  4. Delivery and Inspection: Delivery terms (TTO or CIF) will be executed as per the agreement, followed by rigorous inspection to ascertain product specifications.
  5. Title Transfer and Payment: Title transfer to the buyer is finalized post-inspection approval, triggering the release of funds as per SBLC terms.


Contact and Initiation:

Prospective buyers interested in securing a reliable supply of Bonny Light Crude Oil are invited to initiate the acquisition process by requesting a quote. Financely Group is dedicated to ensuring a transparent, efficient, and mutually beneficial transaction process.

For more information and to begin the procurement process, please star by requesting a quote.


Disclaimer:

This term sheet is for informational purposes only and does not constitute an offer or solicitation for sale. All transactions are subject to final agreement and compliance with applicable laws and regulations.

Get Started With Us

Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

Express Application Submit Your Deal
Request a Proposal
Request a Proposal / Submit a Deal

Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

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Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.

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