1. Commodity :Nigerian Bonny Light Crude Oil (BLCO) 
2. Origin : Nigeria Africa 
3. Quantity Supply: 2,000,000-8,000,000 Barrels ±10% Monthly. 
4. Packing : Bulk Packing by VLCC Tank Vessel 
5. Specification: NNPC Bonny Light Crude Oil export standard specification

PRICE DISCOUNT:  
The Price Discount Gross $8, Net to buyer $6, $2 Per BBL Commission is for buyer side and Seller side. Discount is The Daily Brent OIL PRICE of Average Discharge Date, before the day and after the day. 
 
Term of Delivery and Shipments: 
8.1. Port of Loading: Bonny Terminal, Bonny Island in Nigeria. 
8.2. Delivery: CIF RIZHAO, CHINA PORT by VLCC VESSEL. 
8.3 Insurance: 110% Cargo amount Covered by Seller

Procedures on CIF CHINA DELIVERY
NNPC CIF Nominations, Shipment &Transaction Procedure