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Nigerian qua iboe light crude oil specifications

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The Qua Iboe Light Crude Oil is derived from the current productions of NNPC oil fields, and has not undergone any processing other than decantation, dehydration, and stabilization marked "Export …

The Qua Iboe Light Crude Oil is derived from the current productions of NNPC oil fields, and has not undergone any processing other than decantation, dehydration, and stabilization marked "Export Standard”

Thank you and waiting for your quick response.

Steve Olita
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



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  • 1. NIGERIAN QUA IBOE LIGHT CRUDE OIL SPECIFICATIONS NIGERIAN QUA IBOE LIGHT CRUDE OIL SUPPLY CONTRACT SPECIFICATIONSThe Nigerian Qua Iboe Light Crude Oil shall comply with the followingNigerian Petroleum Corporation (NNPC) Official Technical Specifications:
  • 2. 1. API Gravity, ………………………………………………………… 36.72 2. Specific Gravity………………(60/60F)……………………… 0.8487 3. Pour point…………………………..F……………………………… 60 4. Sulfur………………………………..wt%............................... 0.1175 5. Viscosity at 20C/68F………….cSt……………………………… 5.71 6. Viscosity at 40C/104F………..cSt …………………………… 3.52 7. Viscosity at 50C/122F………..cSt……………………………… 2.89 8. CCR…………………………………….wt%.............................. 1.12 9. Nickel…………………………………ppm…………………………… 4.1 10. Vanadium....……………………..ppm…………………………… 0.3 11. Calcium….…………………………ppm…………………………… 3.693 12. Cetane Index 1990………….(D4737)………………………... 41 13. Reid Vapor Pressure (RVP) Whole Crude…. psi……… 5.6 14. Heat of Combustion (Gross)..BTU/lb……………………… 19548 15. Heat of Combustion (Net)… BTU/lb……………………….. 18346 16. Neutralization number (TAN)…MG/GM………………… 0.32 17. Viscosity at 100C/212F……….cSt…………………………… 1.42 18. Viscosity at 150C/302F……….cSt…………………………… 0.89The Qua Iboe Light Crude Oil is derived from the current productions ofNNPC oil fields, and has not undergone any processing other thandecantation, dehydration, and stabilization marked "Export Standard”PROCEDURES1. Buyer issues an ICPO, LOI, and BCL with right to soft probe.2. Seller issues FCO for buyer review sign, seal and return FCOwith aletter of acceptance.3. Seller issues Draft Contract for buyer review and sign, sealand return4. Seller signs, seals hard copies contract sends 3 copies tobuyer.5. Both parties lodge the signed contract to their respectivebanks.6. Upon receipt of buyer’s POF, Seller shall issue POP BANK TOBANK7. Buyer issues BANK to BANK pre advice or Irrevocable NonOperative DLCto seller’s bank and within 7 international banking days seller issuesPerformance Bond.8. NCNDA-MFPA issued by end Seller to be signed by allintermediaries/brokers and End buyer then legalized and endorsed by theEnd Sellers’ bank.(to guarantee commissions to all brokers)9. Delivery of product commences as per schedule in contract.KEY:ICPO – IRREVOCABLE CORPORATE PURCHASE ORDER
  • 3. LOI – LETTER OF INTENTBCL – BANK CAPABILITY LETTER / BANK COMFORT LETTERFCO – FULL CORPORATE OFFERPB – PERFORMANCE BONDIRDLC – IRREVOCABLE DOCUMENTARY LETTER OF CREDITPOF – PROOF OF FUNDSPOP – PROOF OF PRODUCTNCNDA – NON CIRCUMVENTION NON DISCLOSURE AGREEMENTMFPA – MASTER FEE PROTECTION AGREEMENTThank you and waiting for your quick response.Steve OlitaContactTINSEL CARGO & OIL COMPANYCOMMERCE HOUSE3RD FLOOR, SUITE 311,MOI AVENUE, NAIROBI.P.O. BOX 79456-00200 NAIROBI, KENYATELE FAX: +254-20-2229781,Cellphone: +254-722-761587,+254-734-939308Website: www.tinselcargo.comEMAIL: info@tinselcargo.com

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