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

1. NIGERIAN QUA IBOE LIGHT CRUDE OIL SPECIFICATIONS
NIGERIAN QUA IBOE LIGHT CRUDE OIL
SUPPLY CONTRACT
SPECIFICATIONS
The Nigerian Qua Iboe Light Crude Oil shall comply with the following
Nigerian 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…………………………… 0.89
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”
PROCEDURES
1. Buyer issues an ICPO, LOI, and BCL with right to soft probe.
2. Seller issues FCO for buyer review sign, seal and return FCO
with a
letter of acceptance.
3. Seller issues Draft Contract for buyer review and sign, seal
and return
4. Seller signs, seals hard copies contract sends 3 copies to
buyer.
5. Both parties lodge the signed contract to their respective
banks.
6. Upon receipt of buyer’s POF, Seller shall issue POP BANK TO
BANK
7. Buyer issues BANK to BANK pre advice or Irrevocable Non
Operative DLC
to seller’s bank and within 7 international banking days seller issues
Performance Bond.
8. NCNDA-MFPA issued by end Seller to be signed by all
intermediaries/brokers and End buyer then legalized and endorsed by the
End 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 INTENT
BCL – BANK CAPABILITY LETTER / BANK COMFORT LETTER
FCO – FULL CORPORATE OFFER
PB – PERFORMANCE BOND
IRDLC – IRREVOCABLE DOCUMENTARY LETTER OF CREDIT
POF – PROOF OF FUNDS
POP – PROOF OF PRODUCT
NCNDA – NON CIRCUMVENTION NON DISCLOSURE AGREEMENT
MFPA – MASTER FEE PROTECTION AGREEMENT
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