The grade and quality of the
product is the standard NNPC
Export Specifications for BLCO
(Bonny Light Crude Oil)
a) Specific Gravity at 60 deg.F
0.8398
b) API Gravity at 60 deg.F
35.7 - 37
c) Water content by Distillation
0.2% (VOLUME) d) BS&W
(CENTRIFUGE) 0.06 0.2% Vol. e) Upper Pour Point
Below400 deg. F
f) Sulfur Content
Less than 0.14% (Volume) g) Reid Vapor Pressure
6.52 Psig
h) Salt Content (PTB) 6.52 Psig
i) Color
Dark Brown
j) Acid number
0.39
k) Iron wt, ppm 1.00
1) Vanadium wt, ppm 2.00
m) Nickel wt, ppm. 4.00
n) Salinity P.T.B. at 0.10% bs & w47 max
QUANTITY: 5,000,000 (5million
Barrels) +/5% with possible roll-
over depending on the
effectiveness of the buyer in the
former transaction.
INCOTERMS: This agreement shall
be covered by INCOTERMS 2010
for CIF sales. Buyer will have to
tell us the port to which the
commodity is being exported for
us to be able to calculate the CIF
value.
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