Crude Oil Sales
HADEART PETROLEUM is interested in receiving Buyer’s mandate and orders from a reputable and able buyer to deliver 1 million – 2 million Barrels of the Nigerian Light Crude Oil to any safe port of Europe, the Middle-East Asia and China on a revolving basis. Hadeart will also deliver Light Crude Oil to a Refinery on a Purchase Order directly from any refineries.
Payment shall be by MT760 and final payment shall be MT 103 upon a successful Q and Q analysis at the destination port for onward payment to the Nigerian National Petroleum Corporation (NNPC) or it’s re-seller for the quantity of barrels delivered to a designated buyer’s Port of Destination on our behalf.
We shall issue a 2% Performance Bond only if Buyer’s payment instrument is a Standby Letter of Credit for any transaction.
Hadeart has its presence and trade partners in Singapore, China, Ireland, Turkey, USA and Indonesia and can deliver to any of these Ports.
SPECIFICATION
NNPC TECHNICAL SPECIFICATIONS:| SPECIFIC GRAVITY @ 60 DEG. F, | 0.8497 |
| API AT 60 DEG. F | Min 32.00 – Max 36.00 +/- 5% |
| WATER CONTENT BY DISTILLATION | 0.2% |
| BS & W ( CENTRIFUGE) | 0.06 0.2% VOL. |
| UPPER POUR POINT | BELOW 400 DEG. F. |
| SULFUR CONTENT | LESS THAN 0.14% (VOLUME) |
| SALT CONTENT | 6.52 PSIG |
| REID VAPOR PRESSURE | 6.52 PSIG |
| COLOUR | Dark Brown |
| ACID NUMBER | 0.39 |
| IRON WT, PPM | 1.00 |
| VANADIUM WT, PPM | 2.00 |
| NICKEL, WT, PPM | 4.00 |
| SALINITY | P.T.B. AT 0.10% BS & W47 MAX |
| CARBON RESIDUE, WT% | 1.0, MAX |
| VIS, CST@ 37.8 DEG. C. | 3.47, MIN |
| YIELD C1-C4 WT% | 2.10 |
MEASUREMENT AND SAMPLES
Measurement of quantities and the taking of samples for the purposes of determining the quality of the product shall be carried out at the port of loading in accordance with the general practices as accepted in the Oil industry, which SAYBOLT, SGS or any other licensed independent petroleum inspectors mutually appointed by the Parties hereto shall adhere. All product temperature corrections shall adhere to the latest revision of the table of measurement of the ASTM and API. Invoice quantity shall be determined at the loading port from appropriate cargo hold measurement and shall exclude water and sediment, if any in excess of the maximum specification determined by ASTM methods. Quantity and quality to be confirmed before discharging into the Buyer's shore tank facilities.