D2

VALIDITY - 31ST January

*All the prices quoted are adjustable without prior notice, subject to market fluctuation

PRODUCT:Russian Diesel Fuel L.0.2/62

SPECIFICATIONS:GOST 305-82

ORIGIN:Russia / CIS

PRICE:CIF ASWP

1) Transferable DLC or BG / Payable at loading port.

25,000 mton x 12 = USD 610

30,000 mton x 12 = USD 610

50,000 mton x 12 = USD 605

100,000 mton x 12 = USD 600

300,000 mton x 12 = USD 590

500,000 mton x 12 = USD 550

1,000,000 mton x 12 = USD 540

2) Non-Transferable DLC / Payable at loading port.

25,000 mton x 12 = USD 650

30,000 mton x 12 = USD 645

50,000 mton x 12 = USD 630

100,000 mton x 12 = USD 620

300,000 mton x 12 = USD 605

500,000 mton x 12 = USD 590

1,000,000 mton x 12 = USD 580

3) Transferable BG / SBLC ONLY/ Payable at Discharge port.

25,000 mton x 12 = USD 630

30,000 mton x 12 = USD 630

50,000 mton x 12 = USD 625

100,000 mton x 12 = USD 620

300,000 mton x 12 = USD 610

500,000 mton x 12 = N/A

1,000,000 mton x 12 = N/A

†Commission of 5 dollars for buyer side is included.

INCORTERM:CIF ASWP. CIF mean that it include all costs to destination port paid by seller.

PB:2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative LC from the Buyer.Not allow upfront PB.

PAYMENT TERMS:By the IRREVOCABLE, TRANSFERABLE (NON-TRANSFERABLE), REVOLVING DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.Documentary Letter of Credit covered by the price of monthly batch.

INSPECTION:SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

POP:Seller give POP before buyer’s payment instrument.

DESTINATION PORT:Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD:30 to 45 Days after receipt of Operative LC/BG for the First Shipment and 30 Days for subsequent shipments

DOCUMENTS FOR PAYMENT:
{1}Bill of Lading - 3 first copies and 3 original copies;
{2}Commercial Invoice (indicating the net-quantity as per the B/L) - 3 first copies and 1 original copy;
{3}Certificate of Origin, issued by Russian Government - 1 first copy and 3 original copies;
{4}Assay Certificate duly signed by Russian Government - 3 first copies;
{5}Certification of Weight and Quality, issued by inspection organization appointed by the Buyer at port of discharge;
{6}Export permit certificate from the country of origin;
{7}Beneficiary’s certificate confirming that copies of all shipment dates were sent to Buyer’s Bank and the Hard Copies have been sent by (DHL) or similar;{8}Packing list showing gross/net weight and number of ocean bill of Lading;

PROCEDURES:Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC), Paris, France for the sale and purchase of crude oil and petroleum products.

{1}Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2}Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller with BCL or BRL.- BCL/BRL is buyer option.
{3}Before Buyer signs and seal and returns. Seller sends past POP directly to buyer as refer in above POP article.- Past POP is seller option against buyer’s BRL/BCL.
{4}Seller forwards Final Sales Contract signed and sealed to Buyer.
{5}Seller issues and Intermediaries sign IMFPA.
{6}Buyer opens the pre-advice DLC/BG.
{7}Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8}The buyer’s BG/DLC shall be activated automatically.
{9}Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10}Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments after receipt of the Buyer’s Operative Financial Instruments. PORT
INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
{11}The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
{12}Effect of payment for each consignment shall be effect within Five banking days after all shipping documents.