2 MILLION BARRELS OF BLCO AVAILABLE IN ROTTERDAM

TRANSACTION: FOB

In the bustling port city of Rotterdam, a considerable transaction involving 2 million barrels of BLCO (Bonny Light Crude Oil) is underway. This transaction is significant not only for the parties involved but also for the global oil market, as Rotterdam serves as a key hub for oil trading and logistics in Europe. The availability of such a large quantity of BLCO indicates strong demand and supply dynamics, impacting pricing and trade flows.

The current discount rate of $8 per barrel is noteworthy, reflecting the competitive nature of the market. Discounts can be influenced by various factors, including market conditions, transportation costs, and the current inventory levels of crude oil. Buyers and sellers must carefully evaluate these dynamics to optimize their transaction strategy.

DISCOUNT: $8/4

Understanding the transaction procedure is essential for both buyers and sellers involved in oil trading. The process is designed to ensure transparency, legality, and security for all parties. Let’s break down each step:

Rotterdam Transaction Procedure

For further insights, check out our comprehensive guide on oil trading strategies that can help you navigate the complexities of the market.

We also encourage you to visit our website for the latest updates and resources regarding oil transactions and market developments.

1. Buyer writes an official Letter of Intent to: Head of Operations, NNPCL / SHELL JV, Europoort Rotterdam or NETHERLANDS (NLMSV) STORAGE FACILITIES.
2. Seller send CI
3. Buyer Signed CI and return with CIS and full passport details of inspections teams.
4. Buyers make cash payment of $250k into sellers account
5. NNPCL ATSC- Dip Schedule- Port Access Paperwork- MINEREUX Port Registration- NNPCL DTA- INJECTIONS REPORT-TF/ATV- TF INVITATION- E.T. C..
6. Buyer is scheduled for Dip test to confirm cargo.
7. SGS conduct DIP TEST and release reports within 72hours.
8. Cargo evacuation process begins.
9. Payment schedule for cargo.

For those interested in the broader context of the oil and gas industry, we invite you to explore Marinaz Academy on YouTube, where you can find a wealth of information and educational content related to oil trading, market analysis, and industry trends.

https://youtu.be/CCz60mBYDMY?si=ncKC8DTkepq3_n99

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