Company owns a 100,000-barrel per day refinery in Southern Illinois, produces basically 60% gasoline & 40% distillates (eg, jet fuel, diesel, heating oil). Identify the contracts/transactions involved during the transaction process utilizing the 3 contract characteristics. (20 pts) Buy a cargo of Bonnie Light crude, fob Nigeria, 1,000,000 barrels Ship it to Louisiana Loop for off loading, Ship it up the Capline pipeline to refinery. Refine the Crude Ship the products to various local wholesale markets. How could the risk of running the refinery be minimized using the following forwres contracte: NYMEX WII, ICE Brent Blend. NYMEX Hearing OM, NYMEX Unleaded Gasoline? Company owns a 100,000-barrel per day refinery in Southern Illinois, produces basically 60% gasoline & 40% distillates (eg, jet fuel, diesel, heating oil). Identify the contracts/transactions involved during the transaction process utilizing the 3 contract characteristics. (20 pts) Buy a cargo of Bonnie Light crude, fob Nigeria, 1,000,000 barrels Ship it to Louisiana Loop for off loading, Ship it up the Capline pipeline to refinery. Refine the Crude Ship the products to various local wholesale markets. How could the risk of running the refinery be minimized using the following forwres contracte: NYMEX WII, ICE Brent Blend. NYMEX Hearing OM, NYMEX Unleaded Gasoline