Bonny Light Crude oil is a high
grade of Nigerian crude oil with high API gravity (low specific
gravity), produced in the Niger Delta basin and named after the
prolific region around the city of Bonny. The very low sulfur
content of Bonny Light Crude Oil makes it a highly desired grade
for its low corrosiveness to refinery infrastructure and the lower
environmental impact of its byproducts in refinery
effluent.
The seller will release within *2 hours the documents mentioned
below upon receipt of a letter from the buyer's bank transmitted by
swift bank to bank stating his readiness, willingness and ability
to place a non-operative LC/BG/MT **3/*3 of full cargo (2 million
barrels) to be activated with seller's 2% performance bond.
Documents:
Letter of Authorization to sell the product
NNPC Permit to sell the product
NNPC Confirmable Current Allocation
