Fafure & Shaka

Company Description

BLCO/ FLCO - Bonny Light Crude OilBonny 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.The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.Other grades of Nigerian crude oil are Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil. The Cabinda crude oil is a common grade of crude oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.The national government of Nigeria runs and takes part in the petroleum industry of Nigeria through the NNPC corporationWe are representing a group of sellers and offer BLCO mostly on CIF delivery basis. Here one of our valid offers:6 mbrls per month with discount of 10 USD/ barrel gross and 6 USD/ barrel net.CIF PROCEDURE (DLC)6.1 Seller issues draft contract to Buyer to review and amend. Buyer and Seller execute, sign and seal the Contract and return to Seller via facsimile or electronic mail. The electronically transmitted copy signed and sealed by both parties shall be considered legally binding and enforceable. Hard-copy instruments are not necessary, but can beat the Buyer or Seller's request.6.2 Buyer bank issues a SWIFT MT 199 POF covering the total quantity for the product per shipment in this agreement to Seller's bank. Copy of MT 199 to be sent to Seller to facilitate speedy logistics arrangements, (Verbiage to be provided by Seller and Buyer's MT 199 to be from top 50 global/triple A rated bank).6.3 On confirmation/verification of Buyer's MT 199, Seller's bank forward to Buyers bank 2% PB. Seller obtains from NNPC complete allocation documents (Seller is le

Company Information

• Country/Region: Nigeria
• Address: 18, Olaoye Street, Unity Estate, Off Lasu-Isheri Expressway, Lagos, Nigeria. lagos, lagos
• Website: www.fafure.com.ng
• Business Type: Agent
• Main Products: Blco, Jp54, Mazut, D2, D6, Lng Etc,
• Location: lagos
• Year Established: 2014
• Number Of Employess: 1 - 5
• Total Revenue: USD 500,001 - 1,000,000

Contact info

• Contact Person: Fafure Anuoluwapo Su
• Job Title: Business Manager
• Telephone:
• Mobilephone:
• Fax Number: