IF THERE IS INTEREST ON YOUR PART, AFTER THAT WE HAVE RECEIVED YOUR L.O.I. (LETTER OF INTENT) WE CAN SEND A F.C.O.( FULL CORPORATE OFFER).

THIS TRANSACTION IS SUBJECT TO THE FOLLOWING GENERAL TERMS AND CONDITIONS:

PRODUCT: J.P. 54 (JET PETROLEUM) AVIATION KEROSENE COLONIAL GRADE 54

ORIGIN: REFINERY

QUANTITY: X.000.000 BARRELS PER MONTH

TOTAL QUANTITY: XX.000.000 BARRELS FOR YEAR

CONTRACT LENGHT: XX CONSECUTIVE MONTHS

PRICE: DAY PRICE PLATT GULF COAST

DISCOUNT: USD 10,00 PER BARREL

DELIVERY: FOB

LOADING PORT : VERA CRUZ /LA CORUNA/ SOUTH COREA , IVORY COAST AS REFINERY INDICATION.

FIRST DELIVERY: THE FIRST DELIVERY WILL COMMENCE BETWEEN TWENTY FIVE (25) DAYS AFTER SELLER RECEIVES THE BUYER PAYMENT.

PAYMENT: REVOLVING DOCUMENTARY LETTER OF CREDIT – RDLC ( IRREVOCABLE ASSIGNABLE DIVISIBLE TRANSFERABLE AND OPERATIVE )

PROCEDURES TO CLOSE THE DEAL:
1) BUYER ISSUES LOI (LETTER OF INTENT);

2) SELLER ISSUES FCO (FULL CORPORATE OFFER);

3) BUYER ACCEPT FCO, IS CONVERTED AUTOMATICALY IN AN IRREVOCABLE CORPORATE OFFER – ICPO;

4) BUYER’S BANK SENDS TO SELLER’S BANK THE MT- 799 AS PROOF OF FUNDS;

5) SELLER SENDS TO BUYER ALLOCATION CODE FOR THE FIRST SHIPMENT OF 1.000.000 BARRELS;

6) SELLER SENDS TO BUYER THE DRAFT CONTRACT FOR BUYER ACCEPTANCE;

7) BUYER AND SELLER SIGN AND SEAL END CONTRACT;

8) BUYER?S BANK SENDS TO SELLER?S BANK THE COMMUNICATION OF THE DRAFT TEXT OF RDLC, FOR SELLER?S BANK APPROVAL.

9) SELLER?S BANK SENDS TO BUYER?S BANK THE COMMUNICATION OF ACCEPTANCE OF THE DRAFT TEXT OF THE BANK GUARANTEE OR RDLC, FOR ITS ISSUE AND SENDS THE RDLC BY SWIFT.

10) BUYER?S BANK SEND?S TO SELLER?S BANK BY SWIFT THE BANK GUARANTEE OR REVOLVING DOCUMENTARY LETTER OF CREDIT – RDLC ( APPROVED ).

11) BUYER SEND?S THE Q88 OF THE SHIPS TO THE REFINERY.

12) SELLER SENDS TO BUYER THE COMMERCIAL INVOICE FOR THE TOTAL OF THE AMOUNT OF THE PURCHASE AND ALL LOADING WINDOWS, SHIPPING SCHEDULE INDICATING ALLOCATIONS, DOCKS, SATELLITE COORDINATES DATE AND TIME OF LOADING.

13) ON LOADING DAY THE REFINERY DELIVERS THE COMMERCIAL INVOICE OF EACH SHIP LOADED , THE SGS INSPECTION AND FULL POP.

Your Sincerely,
Xxxxxxxx Xxxxx Xxxxxxx