Commodities Trading

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Bonny Light Crude Oil (BLCO) China

72,000,000 US Barrels (bbl) 9.558 Million Metric Tons (MT) of BLCO

CIF at Qingdao Onshore Crude Storage 2 million x 12 month Contract

BLCO Total Volume: 72,000,000 US Barrels (bbl) or 9.558 Million Metric Tons (MT) of BLCO
Price: 3 day average of the Platts Quote Price on Delivery date (and day before and after)

Gross Discount: US$9.00 per bbl
Net Discount: US$5.00 per bbl
Seller Agent: US$2.00 per bbl closed
Buyer Agent: US$2.00 per bbl open

 

Sale Terms Seller: CIF at Qingdao Onshore Crude Storage Tanks
Sale Terms Buyer: SBLC MT760 or MT103 TT CASH after confirmation of Cargo and POP.
Monthly Amount: 6 Million US barrels (0.796 MT) per month
CIF at Qingdao Offshore Crude Storage BLCO

BLCO Total Volume: 2,000,000 US Barrels (bbl) or 0.531 Million Metric Tons (MT) of BLCO
Price: 3 day average of the Platts Quote Price on Delivery date (and day before and after)

Gross Discount: US$10.00 per bbl
Net Discount: US$6.00 per bbl
Seller Agent: US$2.00 per bbl closed
Buyer Agent: US$2.00 per bbl open

Sale Terms Seller: CIF at Qingdao offshore Crude Storage
Sale Terms Buyer: SBCL MT760

72,000,000 US Barrels (bbl) of BLCO Vessels CIF ASWP

Total Volume: 72,000,000 US Barrels (bbl) or 6.37 Million Metric Tons (MT) of BLCO
Price: 3 day average of the Platts Quote Price on Delivery date (and day before and after)

Gross Discount: US$12.00 per bbl
Net Discount: US$8.00 per bbl
Seller Agent: US$2.00 per bbl closed
Buyer Agent: US$2.00 per bbl open

Monthly Amount: 4 Million US barrels (0.531 MT) per month Sale Terms Seller: CIF any World Port accepting Crude Oil for off load and Storage
Sale Terms Buyer: SBLC / BG Mt760 required

SOLD

96,000,000 TO 120,000,000 US Barrels (bbl) of BLCO

Total Volume: 96,000,000 to 120,000,000 US Barrels (bbl) or 12.741 to 15.927 Million Metric Tons (MT) of BLCO
Price: 3 day average of the Platts Quote Price on Delivery date (and day before and after)

Gross Discount: US$9.00 per bbl
Net Discount: US$5.00 per bbl
Seller Agent: US$2.00 per bbl closed
Buyer Agent: US$1.50 per bbl open

Monthly Amount: 8 to 10 Million US barrels (1.062 to 1.327 MT) per month Sale Terms Seller: CIF any World Port accepting Crude Oil for off load and Storage
Sale Terms Buyer: MT799 Proof Of Funds required

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JP54

Russian Aviation Kerosene Colonial Grade (54)

EXPORT STANDARD BLEND QUANTITY: 1,000,000 BBLs TRIAL SHIPMENT ASWP & 2,000,000 BBLs X 12 MONTHS WITH R&E

ORIGIN: RUSSIAN FEDERATION
FOB PRICE: $.40.00 USD GROSS / $36. 00 USD NET PER BBL (PLATTS NWE -13/-9 USD)

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Diesel

Russian Virgin Fuel Oil D6

EXPORT STANDARD BLEND QUANTITY: 100, 000,000 GALs TRIAL SHIPMENT & 200, 000, 000 GALs x 12 MONTHS WITH R&E

ORIGIN: RUSSIAN FEDERATION
FOB PRICE: $0.74 USD GROSS / $0.7O USD NET PER GALLLON

LOADING PORT: ROTTERDAM PORT, NETHERLANDS. INSPECTION: SGS FOR QUALITY & QUANTITY TEST REPORT.

COMMISSION PER BBL: SELLER SIDE & BUYER SIDE – $ 4.00 USD PER BBL

COMMISSION PER GAL: SELLER SIDE & BUYER SIDE – $ 0.04 USD PER GALLON

PAYMENT: BY NON-TRANSFERABLE/TRANSFERABLE DLC / TT MT103 ON MONTHLY DELIVERY PAYABLE 100% AT SIGHT AFTER PRESENTATION TO THE BUYER BANK FULL SET OF DOCUMENTS REQUIRED FOR PAYMENT

TERMS & OPERATIONAL PROCEDURE FOB / ROTTERDAM DIP & PAY

1. Buyer issues ICPO in response to SCO from Seller.
2. Seller issues CI for Buyer to sign and return with a copy of Buyer’s TSA and the CI. Upon receipt of Buyer’s signed CI and TSA.
3. Seller issues below PPOP documents:

A. Allocation Certificate
B. Product Passport
C. Statement Availability product
D. Tank Storage Receipt
E. ATV
F. Injection Report

4. Buyer sends TSR to Seller and Seller issues NOR to Buyer. Upon confirmation, Seller starts injecting the product into the Buyer’s Tank. All parties’ sign NCNDA/IMFPA and Seller issues DTA to Buyer.
5. Buyer conducts Q&Q Test.
6. Seller transfers title to Buyer with Full POP + ATS.
7. Buyer pays to Seller for the total product value via MT103.
8. All mandates and facilitators are paid by Seller within 48 hours of product payment.

SUBSEQUENT TO SUCCESSFUL DELIVERY & CONFIRMATION OF BUYERS CAPABILITY WE WILL SIGN CONTRACT FOR 12 MONTHS.

BUYER MUST TO INSERT THE REFINERY’S TERMS & TRANSACTION PROCEDURES (FOB ROTTERDAM OR CIF ASWP) AS ABOVE IN HIS ICPO FOR SELLER’S IMMEDIATE PROCEEDINGS”

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