AVIATION KEROSENE JET FUEL A1

AVIATION KEROSENE JET FUEL A1

MINIMUM LIFTABLE QUANTITY: 500,000 BBL.

MAXIMUM 5,000,000 BBL. MONTHLY

PRICE F.O.B: GROSS USD $ 38.00 BBL NET: USD $ 36.00 BBL

TOTAL COMMISSION: $2.00 BBL / BUYER SIDE: $1.00 BBL / SELLER SIDE: $1.00 BBL

ORIGIN: RUSSIA.

LOADING PORT: PRIMORSK / NOVOROSSIYSK/ ROTTERDAM / HOUSTON

F.O.B PROCEDURE ON DIP & PAY 1

1. Buyer issues ICPO and TSA to seller (note that TSA must have direct buyer as lessee and not a third party).

2. Seller issues Commercial Invoice to buyer to sign and injection schedule to buyer's tank farm to sign.

Both documents have only 72 hours (3 working days) signing validity.

3a. Upon receipt of signed Commercial Invoice from the buyer and signed injection schedule from buyer's tank farm, the seller sends TSR, ATV, ATI, NCNDA/IMFPA, SGS and Injection reports to buyer for buyer or buyer's representative to gain access to the seller's tank premises at the port for inspection and dip-test.

3b.The seller hands over hard copies of proof of product (POP) documents to the buyer and the dip-test begins.

4. After successful dip-test, the seller begins injection of the allocated product quantity into buyer's leased tanks.

5. Upon completion of the injection, the buyer makes payment for the product quantity via MT103 and the seller issues the product title to the buyer and both parties sign an SPA for one year purchase.

6. The seller pays total commissions to brokers/mandates and intermediaries in the transaction

F.O.B PROCEDURE ON DIP & PAY 2

1. Buyer issue Irrevocable Corporate Purchase Order (ICPO) and Tank Storage Agreement (TSA) as a proof of storage availability.

2. Seller issue Commercial Invoice (CI) according to buyer requested quantity.

3. Buyer and Buyer Logistics (Tank Farm) Company endorse and return Commercial Invoice (CI) to seller.

4. Upon receipt and confirmation of the endorse Commercial Invoice (CI), seller issue the below Full POP documents:

a. GPS Coordinate Tank Storage Receipt (valid for 48 hours on weekdays) with scanned barcode

b. Unconditional Dip Test Authorization Letter (DTA)

c. Authorization to Sell and Collect (ATSC)

d. SGS Report (Quantity & Quality Report) (Not older than 48 hours)

e. Authorization to Verify the Product sically (ATV)

f. Product Passport (Quantity & Quality Analysis)

g. Injection Report in Rotterdam