Financely facilitates the trade of various crude oil types, including West Texas Intermediate (WTI), Brent, Dubai Crude, Bonny Light (BLCO), and Arab Light, catering to global energy requirements with precision and reliability. Our offerings are governed by international trading standards, ensuring seamless transactions.

Product Specifications:

• West Texas Intermediate (WTI):
• API Gravity: Around 39.6
• Sulfur Content: Approx. 0.24%
• Production Location: USA
• Brent Crude:
• API Gravity: Around 38.3
• Sulfur Content: Approx. 0.37%
• Production Location: North Sea
• Dubai Crude:
• API Gravity: Around 31.0
• Sulfur Content: Approx. 2.0%
• Production Location: Dubai
• Bonny Light Crude Oil (BLCO):
• API Gravity: 35.4 - 37.0
• Sulfur Content: 0.14%
• Production Location: Nigeria
• Arab Light:
• API Gravity: 32.5 - 33.5
• Sulfur Content: 1.8%
• Production Location: Saudi Arabia

Pricing and Terms:

• Premium: A 7% premium is applied over the Official Selling Price (OSP) for each crude type, underscoring our commitment to providing superior service and quality assurance.

Supply Capacity:

• Minimum Supply Capacity: 50,000 barrels per month
• Maximum Supply Capacity: 200,000 barrels per month



Incoterms

• Options include FOB (Free On Board) or CIF (Cost, Insurance, and Freight), adaptable to buyer preferences.

Closing Procedure:

I. Inquiry Submission: Clients are encouraged to submit their purchase inquiries via Financely's commodity procurement portal, specifying the crude type, quantity, and preferred payment method.

II. Term Sheet Provision: Following the inquiry, Financely will issue a detailed term sheet reflecting trade specifics, including pricing and terms.

III. Contract Finalization: The term sheet acceptance will lead to SPA negotiations, culminating in the execution of a mutually agreed-upon contract.

IV. Payment Arrangement: Payment options include cash upon invoice presentation or a Standby Letter of Credit (SBLC) favoring Financely, based on client preference.

V. Documentation Requirement:

• Executed SPA
• Commercial Invoice
• Bill of Lading
• Certificate of Origin
• Quality and Quantity Certificate by an independent inspector
• Master's Receipt for Samples
• Master's Receipt for Documents

VI. Fulfillment:

• Required documents will be verified to schedule the crude oil delivery as per the SPA.
• Cash payments necessitate immediate settlement upon cargo document verification.
• SBLC payments will proceed upon confirmation and verification of shipping documents.