BUYER’S BANK ISSUES NON OPERATIVE
LETTER OF CREDIT OR BANK GUARANTTE IN FAVOUR OF SELLER AND SELLER’S
BANK ACTIVATE WITH 2% PERFORMANCE
BOND.
SPECIFICATION OF NIGERIA BONNY LIGHT CRUDE
OIL
|
Gravity(API)MIN |
|
*5.7 |
|
|
|
0.**5 |
|
Water Content |
% vol. |
1.*0 |
|
SULPHYRE CONT. |
WT. |
0.*4 |
|
SALINITY MAX |
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