BONNY LIGHT CRUDE OIL (BLCO) Bonny Light crude oil is considered to be of the best crude oil in the world because it is easy to refine as a result of the low sulfur content. Due to this factor, BLCO is highly sought after. The conundrum buyer’s face with purchasing BLCO is finding the right supplier that can actually deliver the product. Nigeria is the most flexible country with regards to buying crude oil. However, if you are not a refinery you will not be able to purchase BLCO directly from the NNPC. It is a policy of the NNPC to prevent trading companies from buying and flipping their products. In addition to the strict guidelines the NNPC has put in to place, the fraud that occurs around BLCO and purchasing large volumes of Nigerian oil is incredible. This fraud situation that occurs in the BLCO industry has caused many buyers to be very spectacle and not willing to take the risk. Getting a genuine BLCO seller is very difficult to most buyers. As an estimate, there are several thousand sellers or seller reps / mandates on the internet all claiming they can provide you with the “real deal”. Buyers beware, and do your due diligence. If you don’t perform a complete “DD”, and open your financial instrument up to a seller that cannot provide you with a 100% verifiable allocation and ATS (Authorization to Sell), the time lost and possibly financial loss is quite extensive. When you accept the terms / procedures of a deal that is presented you make sure you get the following; • The sellers company registration information as having a legitimate Nigerian company. • Get a copy of their incorporation information and verify it. • If you are not dealing directly with the NNPC the seller will have to be in a verifiable Joint Venture with a major such as Shell and the NNPC. This is the vehicle the NNPC utilizes to make BLCO available to the secondary global market. • Get the sellers allocation registration codes and verify them immediately. • Verify that the seller has a global presence such as the Asian, North American and European markets. • Enquire and get proof about the sellers history of doing business in Nigeria. • Due to all contracts having a confidentiality clause, past performance is mainly supported through Laycand docs. • Most importantly, be sure the seller provides you with the ATS between the JV of the major and NNPC. • Finally, review the SPA to be exactly what the procedures document states and review the SPA for grammar, format and spelling errors. If such errors exist within the SPA run away. A proper seller will not have simple errors such as these within their contract. Red flags are easy to discover and if you see them odds are you are not dealing with a real seller. Never accept these documents via email. The security and integrity of this information has to come first. A true seller will never freely email a partial “proof of product” to you. We will only send this type of information via a courier door to door.

1. SCO CIF Procedures Version 1.3cifsco
Tell +1 954-495-4374 | info@grupotierraverde.com
© Unlawful use or distribution is prohibited without prior written consent/authorization of GTV.
If you have received this document from a party in question, please contact GTV immediately to validate the offer and procedures identified are correct and current.
If this document appears to be altered in any way, contact us to immediately.
SOFT CORPORATE OFFER (SCO)
01/05/2014

2. SCO CIF Procedures Version 1.3cifsco
Tell +1 954-495-4374 | info@grupotierraverde.com
© Unlawful use or distribution is prohibited without prior written consent/authorization of GTV.
If you have received this document from a party in question, please contact GTV immediately to validate the offer and procedures identified are correct and current.
If this document appears to be altered in any way, contact us to immediately.
CRUDE OIL FOR SALE
BONNY LIGHT CRUDE OIL (BLCO)
Bonny Light crude oil is considered to be of the best crude oil in the world because it is easy to refine as a result of the low
sulfur content. Due to this factor, BLCO is highly sought after. The conundrum buyer’s face with purchasing BLCO is
finding the right supplier that can actually deliver the product.
Nigeria is the most flexible country with regards to buying crude oil. However, if you are not a refinery you will not be able
to purchase BLCO directly from the NNPC. It is a policy of the NNPC to prevent trading companies from buying and
flipping their products. In addition to the strict guidelines the NNPC has put in to place, the fraud that occurs around BLCO
and purchasing large volumes of Nigerian oil is incredible. This fraud situation that occurs in the BLCO industry has
caused many buyers to be very spectacle and not willing to take the risk.
Getting a genuine BLCO seller is very difficult to most buyers. As an estimate, there are several thousand sellers or seller
reps / mandates on the internet all claiming they can provide you with the “real deal”. Buyers beware, and do your due
diligence. If you don’t perform a complete “DD”, and open your financial instrument up to a seller that cannot provide you
with a 100% verifiable allocation and ATS (Authorization to Sell), the time lost and possibly financial loss is quite extensive.
When you accept the terms / procedures of a deal that is presented you make sure you get the following;
• The sellers company registration information as having a legitimate Nigerian company.
• Get a copy of their incorporation information and verify it.
• If you are not dealing directly with the NNPC the seller will have to be in a verifiable Joint Venture with a major
such as Shell and the NNPC. This is the vehicle the NNPC utilizes to make BLCO available to the secondary
global market.
• Get the sellers allocation registration codes and verify them immediately.
• Verify that the seller has a global presence such as the Asian, North American and European markets.
• Enquire and get proof about the sellers history of doing business in Nigeria.
• Due to all contracts having a confidentiality clause, past performance is mainly supported through Laycand docs.
• Most importantly, be sure the seller provides you with the ATS between the JV of the major and NNPC.
• Finally, review the SPA to be exactly what the procedures document states and review the SPA for grammar,
format and spelling errors. If such errors exist within the SPA run away. A proper seller will not have simple errors
such as these within their contract.
Red flags are easy to discover and if you see them odds are you are not dealing with a real seller. Never accept these
documents via email. The security and integrity of this information has to come first. A true seller will never freely email a
partial “proof of product” to you. We will only send this type of information via a courier door to door service such as
through FEDEX, DHL or UPS. This protects you the buyer and the seller from fraud!
When you do business with us, we provide you with all of the safeguards humanly possible, our information is 100%
verifiable and our only goal is to develop a long term relationship with the buyer. Document security and verifiability comes
first. Accept no less from any company!

3. SCO CIF Procedures Version 1.3cifsco
Tell +1 954-495-4374 | info@grupotierraverde.com
© Unlawful use or distribution is prohibited without prior written consent/authorization of GTV.
If you have received this document from a party in question, please contact GTV immediately to validate the offer and procedures identified are correct and current.
If this document appears to be altered in any way, contact us to immediately.
The following is our SCO and CIF procedures. Please feel free to contact us directly is you have any question or concerns.
If you have received this document from an unsolicited source, please contact us directly to verify they have our
permission to have it and we will be more than happy to discuss your needs.
After you review our CIF offer and procedures, you will see that there is no risk to the buyer only the seller. The seller
provides a 2% performance bond after a MT799 (not MT760) is given.
Thank you for your consideration in reviewing our offer!
OUR CIF OFFER
Non-negotiable particulars for purchase of the following:
Product: Bonnie Light Crude Oil CIF
Origin: Nigeria through a JV with NNPC & Shell
Quantity: 2M Bbl lots monthly and multiples thereof
Term: 12 months w/R&Es
Incoterms: CIF ASWP including China ports
Payment: after SPA agreed and signed, Buyer submits SBLC (preferred), BG or DLC via MT799, Seller sends Buyer 2% PB,
after Q&Q in Buyer port, Buyer pays via MT103
Price: Brent Platts less Gross $8 / Net $6 per barrel
Commissions: $1 per Bbl Sell side closed / $1 per Bbl Buy side open
Please Note: the procedures are not negotiable as they are set by the NNPC not the seller.

4. SCO CIF Procedures Version 1.3cifsco
Tell +1 954-495-4374 | info@grupotierraverde.com
© Unlawful use or distribution is prohibited without prior written consent/authorization of GTV.
If you have received this document from a party in question, please contact GTV immediately to validate the offer and procedures identified are correct and current.
If this document appears to be altered in any way, contact us to immediately.
CIF Procedures
a. BUYER and SELLER execute this Agreement and deposit with their respective banks. THE ELECTRONIC
SIGNED COPIES BY BOTH PARTIES ARE CONSIDERED LEGALLY BINDING AND ENFORCEABLE AND ARE
DEPOSITED WITH THEIR RESPECTIVE BANKS.
b. SELLER sends SELLER's Authority To Sell (ATS) for Bulk Allocation issued by NNPC to BUYER and BUYER
BANK issues MT799 POF as the approved verbiage at Appendix B to SELLER BANK.
c. SELLER BANK issues 2% PB and BUYER BANK issues SBLC/BG/DLC for the whole cargo to SELLER Bank as
the approved verbiage at Appendix B to activate Seller Bank’s 2% PB. BUYER provides the discharge port details for
ETA/NOR specific formats to be used for transaction.
d. SELLER arranges full vessel documents issued under Buyer name and shall instruct the vessel Master to issue
ETA/NOR to the BUYER. Seller moves vessel to BUYER’s discharge port and issue Marine ATB in favor of the BUYER.
The BUYER’S inspector and supercargo shall board the loaded vessel for Q&Q inspection by Buyer's cost including
verification and confirmation of the loading documents. The results of the final inspection report shall be released to both
Parties.
e. Within three (3) international banking days of confirming that the Buyer and Seller are in receipt of the Buyer
Inspector's Q&Q Report, the BUYER’s bank shall issue SWIFT MT 103 to the SELLER’S bank upon receipt of the original
cargo documents under Buyer name for the total value of the commercial invoice based on out-turn delivered and
inspected, including commissions/fees.
f. After successful transaction of the first shipment Buyer shall issue IRDLC covering the value of monthly shipment
for the rest of the Contract as PAYMENT GUARANTEE to be activated by Seller’s 2% Performance Bond and monthly
delivery continues to do procedure from d & e for the contracted CIF terms and quality.

5. SCO CIF Procedures Version 1.3cifsco
Tell +1 954-495-4374 | info@grupotierraverde.com
© Unlawful use or distribution is prohibited without prior written consent/authorization of GTV.
If you have received this document from a party in question, please contact GTV immediately to validate the offer and procedures identified are correct and current.
If this document appears to be altered in any way, contact us to immediately.
SPECIFICATION
Conforms to Official NNPC Specification:
a) Specific Gravity @600 deg.F: 0.8398-0.8498
b) API Gravity @600 deg.F: 35.0 - 37.0
c) Water content by Distillation: 1% (VOLUME) max
d) BS&W (CENTRIFUGE): 0.06 - 0.2% Vol
e) Upper Pour Point: Below 400 deg. F
f) Sulphur Content: Less than 0.14% (Volume)
g) Reid Vapor Pressure:6.52 Psig max
h) Salt Content (PTB): 3.16 max
i) Colour: Dark Brown
j) Acid number: 0.39 max
k) Iron wt, ppm: 1.00 max
1) Vanadium wt, ppm: 2.00 max
m) Nickel wt, ppm: 4.00 max
n) Salinity: P.T.B. at 0.10% bs& w 47 max