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.