Bonny Light Crude Oil –B.L.C.O (Meet The Seller!) 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.

1. Bonny Light Crude Oil
Bonny Light Crude Oil –B.L.C.O (Meet The Seller!)
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.

2. 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 TINSEL CARGO & OIL
COMPANY
TINSEL CARGO & OIL COMPANY 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 TINSEL CARGO & OIL COMPANY, Mr.Steve Olita , has
led the company’s growth through internal expansion and innovative management skill.
We work with Mr Steve Olita directly to facilitate a smooth crude oil purchase from
Crude oil buyers across the world.
Below are the procedures of TINSEL CARGO & OIL COMPANY
for CIF and TTO
Procedure for CIF
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.

3. 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.

4. Procedure for 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. Buyer
returns SPA with ICPO and ATB details.
2. Upon confirmation of the above, Buyer’s Bank shall issue by swift wire transfer to
Seller’s/Fiduciary Bank, a pre-advice LC or non-operative, confirmed and irrevocable
instrument (DLC/SBLC/MT760) for the total cost of cargo.(A copy of the swift shall be
sent to terminal/Seller).
3. The Seller shall instruct the Captain of the Vessel after receipt of ATB details from the
Buyer to issue a confirmable marine ATB, to the Buyer.
4. The Seller shall Organize Logistics and Security clearance for Inspection officers and
Supercargo to board the loaded vessel at agreed location thereafter conduct Q and Q
Analysis.
5. After satisfactory Inspection report, The Seller shall assist the Buyer to re-charter the
vessel through the vessel Handlers from Vessel Operators.
6. The Seller shall also;
a. Re-register and Re-document all required Cargo and vessel papers (warrant of title,
Bill of Lading, etc) as speculated in the documents clause of this contract.
b. Re-program on Shell Screen, NNPC London, and the cargo for official confirmation by
Buyer.
7. The Seller collates all documents including the invoice and submits to the Buyer and
Buyer’s Bank. After confirmation Of the documents, Buyer’s Bank pays for the total cost
of the cargo by KTT swift within 2 to 3 Banking days.
8. All commissions due to facilitators and brokers shall be paid at the same time and by
the same method as for the Invoice paid to the seller.
9. Vessel sails to Buyer’s destination.
If you are a genuine buyer of crude oil and you are okay with the procedures contact us as
soon as possible for the sales and purchase agreement.
Please don’t forget to indicate if you are the end buyer or Agent/Facilitator as we prefer
working with buyers directly.
Thank you

5. Contact
TINSEL CARGO & OIL COMPANY
COMMERCE HOUSE
3RD FLOOR, SUITE 311,
MOI AVENUE, NAIROBI.
P.O. BOX 79456-00200 NAIROBI, KENYA
TELE FAX: +254-20-2229781,
Cellphone: +254-722-761587,
+254-734-939308
Website: www.tinselcargo.com
EMAIL: info@tinselcargo.com