Forcados definition
Forcados. The Final NBV for any month, calculated on the basis of Appendix A, plus the average of mid-range quotations for Forcados crude oil in Plat▇'▇ ▇▇▇ each quotation day for the period 1st to 20th of the same month less $0.25/bbl, the whole divided by two.
Examples of Forcados in a sentence
Forcados crude is separately quoted in Plat▇'▇ ▇▇▇le Bonny Medium will be taken as BBQ less $1.20 per barrel.
Nigerian Light Crude Oil Grades Bonny Light will be used as the reference crude for all other Nigerian crude oils except Forcados and Bonny Medium.