Fuel Oil Mazut M100 GOST 10585 75

 CI/DIP/PAY

Payment Terms: MT103

Loading Port: Seller’s choice in Russian Port.

Note: Name, Email & Phone No. of Banking Officer must be included in Buyer’s banking information

         so that Seller or Mandate can contact Bank to ensure buyer has financial ready to Purchase Oil(s).

Validity: Till November 30, 2014

Procedure: (FOB)

1. Buyer issues an ICPO/LOI with BCL or Soft Probe Authorization, Copy of passport, Company

   Registration / Profile.

2. Both parties confirm draft Contract by endorsing it.

3, Seller shall issue POP documents to buyer via fax or Secured Email, POP documents includes

   Commercial Invoice, Tank Touch Receipt, Dip Test Report issued by Saybolt, Tank Storage Contract,

   Export License for Seller, License to Trade in Crude Oil Materials for Seller and Dip Test

authorization.

4. Buyer shall verify all documents issue a Notice of Arrival for the vessel on which the product will be

   loaded.

5. Upon confirmation of the issued documents from Seller, A transfer of Owner Ship from Seller to Buyer

shall be implemented.

6. Buyer shall make 100 % payment via SWIFT MT 103 for the captioned goods and thereafter the

   product will be loaded onto the vessel stated in the N.O.A (Notice of Arrival).

7. The above process is repeated until all deliveries are finalized.