Contract and Seller

2539 Words Jan 30th, 2013 11 Pages
No. 17 Finima Ave., LNG rd., Bonny Island, Rivers-State, Nigeria

freight on board

CRUDE OIL CONTRACT

SALES/PURCHASE CONTRACT

THIS AGREEMENT

CONTRACT FOR THE SALES AND PURCHASE
OF NIGERIA BONNY LIGHT CRUDE OIL

IS MADE AND ENTERED INTO

BY AND BETWEEN

HABIB TRADING KONSALT (H.T.K)
NO. 17 FINIMA AVENUE, LNG ROAD, BONNY ISLAND
RIVERS STATE, NIGERIA
[HEREINAFTER CALLED THE SELLER]

AND

|COMPANY: | |
|ADDRESS: | |
|REPESENTED
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Bill Of Lading: Shall mean the official document, issued at the Load Port after completion of the loading operations, stating the ships’ loaded quantity, expressed in Cubic Meters [cub meters], in Metric Tons [MT] expressed as per the above definitions. This document has to be signed in original by the ship master and made out in accordance with the instruction hereinafter specified in this Agreement.

Vessel: Shall mean the ship whether owned or chartered or otherwise obtained by Buyer and employed by Buyer to receive the oil at the loading port.

COMMODITY: Nigerian Petroleum Product

Specific Gravity at 150c, kg/1 ASTMD1298/P 0.8397-9.8498 API at 60 Degrees F ASTM Table 51 34 - 37 Salinity ASTMD 4006/1P 358 4.7P.T.B @ 60 Degrees F Color Dark Brown BS & W Content [Vol. %] ASTMD 473/1P 53 0.25 Average Sulfur %WT ASTMD 0.14% wt Pour Point Degrees F ASTMD 97/1P.15 40º[F] Degrees F Water Content: 0.2% Vol. Max REIB Vapour Pressure: 6.52PSIG

QUANTITY AND DURATION:

Shipment of 2 Million US barrels +/-05% with possible rolls and extension at both parties discretion.

DESTINATION:

TERMINAL LOADING [FOB]

PRICE:

The price for each Barrel of Bonny Light Crude Oil delivered out-turned barrels shall be Dated Brent” on the date of Bill of Lading as published by McGraw Hill market wire less discount of $12.00USD per barrel.

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