Bonny Light Crude Oil

Bonny Light 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.
 
Nigeria is the biggest manufacturer of light crude oil, the very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosives to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.
 
Bonny Light crude oil is considered to be one of the best crude oil in the world because it is easy to refine as a result of its low sulfur content. Due to this factor, a lot of buyers from around the world are always interested in Nigeria crude. But the problem these buyers have is the inability to discover the right place to go.
 
Nigeria is still known to be the most flexible country with regards to buying crude oil if you are fortunate to find a genuine seller.
 
Finding a verifiable seller in the Nigerian market is very simple if you follow the steps. Firstly, you must decide on whom to buy from since there are several sellers in the Nigerian market.
 
You need to know if the “seller” is a duly registered company especially in some countries but dealing locally, or having someone to correspond with the sellers in the country you are buying the product from is very important.
 
Getting a genuine crude oil seller might be very difficult to some buyers because some people will be claiming the have products to sell where as they don’t, that always result to time wastage.
 
This web platform is solely dedicated to help serious buyers talk to seller directly, through us.
 
One of the best Crude oil seller we recommend is Dark Oil Company.
 
Dark Oil Company Inc. is among the world’s leading integrated energy companies Headquartered in California, and its Nigerian and Russian subsidiaries it is a premier crude oil supplier.
 
The Chairman and CEO of Dark Oil Company Inc., Mr. Victor Kalu, has led the company’s growth through internal expansion and innovative management skill.
 
We work with Mr Victor kalu directly to facilitate a smooth crude oil purchase from Crude oil buyers across the world.
 
Below are the procedures of Dark Oil Company for CIF and TTO

1. Buyer and Seller sign and seal this Contract including banking coordinates. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA and is lodged in their respective banks.
 
2. Buyer’s bank shall issue by swift wire transfer to Seller’s/Fiduciary Bank, a non-operative, confirmed and irrevocable instrument (DLC/ SBLC/ BG) for the total cost of Cargo.
 
3. Seller loads vessel and gives to the Buyer all Loading Documents, Q88 and Captain’s name. Vessel’s captain will provide NOR (Notice of Readiness) to the Buyer to confirm the product.
 
4. Within three (3) business days of Two (2) & Three (3) above, The NNPC Bonny Terminal Administrator authorizes Master of its loaded vessel to issue a full confirmed POP / NOR to Refinery discharge port facility.
 
5. The Harbour Master shall acknowledge the receipt of the NOR confirm from Captain of the vessel the issued NOR. The harbor Master shall send a confirmed POD to the vessel Captain for issuance of ETA after Q and Q Inspection report. ( he shall do so in writing to the Seller by email).
 
6. The Seller shall establish full communication and control between the Buyer and the Captain of the vessel.
 
7. The Seller shall prepare the Logistics, obtain security clearance and cause Vessel Master to proceed for Q and Q Inspection by a nominated Agency of the Buyer at a preferred location.
 
8. The Captain of the vessel shall issue a confirmed ETA after a successful Q and Q report.
 
9. The terminal shall then;
 
a. Fully Re-register a confirmable allocation in Buyer’s name on Shell Screen and NNPC London.
 
b. Register all documentation in Buyers name. Such documentation shall be confirmable at NNPC Abuja, London, Shell Screen. (The documentation shall include valid BOL, Warrant of Title, CPA, Insurance and SGS report.
 
c. Clear the vessel out of Nigeria waters and sail to Buyers disport with required documentation within Seven (7) To Ten (10) days from the receipt of Buyers Instrument.
 
10. Within 24hrs after berthing at POD, Buyers Inspectors shall carry out Q and Q Inspection inside the vessel before Discharge and issue a report to the Captain, Seller’s Bank and Buyer’s Bank.
 
11. The Seller Shall collate all stipulated cargo / marine documents, Invoice and swift same to Buyer /Buyer’s Bank for Payment. Buyer’s Bank shall within Five (5) days receipt of all the transaction documents as enumerated in the SPA SWIFT ALL.