COMMODITY EN590/COMMODITY JET FUEL A1/COMMODITY CRUDE OIL

COMMODITY EN590

MINIMUM QUANTITY 50.000 MT MAXIMUM QTY 300.000 MT FOB & STS PRICE 650 USD / MT CIF PRICE 660 USD /

MT

COMMISSION 10 USD / MT for buyer side

COMMODITY JET FUEL A1 MINIMUM QUANTITY 1.000.000 BBL MAXIMUM QUANTITY 3.000.000 BBL FOB & STS PRICE

82 USD / BBL

CIF PRICE 84 USD / BBL

COMMISSION 2 USD / BBL for buyer side

COMMODITY CRUDE OIL

MINIMUM QUANTITY 1.000.000 BBL

MAXIMUM QUANTITY 3.000.000 BBL

CIF PRICE 74 USD / BBL

COMMISSION 2 USD / BBL for buyer side

INCOTERMS

COSTS, INSURANCE, & FREIGHT PROCEDURES (CIF)

TANK TO TANK (TTT)

VESSEL TO VESSEL (VTV)

TANK TAKE OVER (TTO)

Kyrgyzstan Origin

Jurong, Fujairah

Rotterdam

Houston

Tanjung Beruas and any save port

PROCEDURE

Please ensure that the buyer is ready to follow the seller's procedures, this must be supported by showing the CIS document and live POF from the buyer to the seller's mandate.

Kyrgyzstan Refinery Procedure

COSTS, INSURANCE, & FREIGHT PROCEDURES (CIF)

1. Buyer sends ICPO with full banking details, CP, Passport Copy and Company registration.

2. Seller issues Draft Contract to Buyer and shall be open for amendment.

3. Buyer reviews and endorses the final agreed Contract, and return to Supplier on PDF format.

4. Seller legalizes & notarizes the signed contract with the ministry of Energy appropriate quarters, and release the approved contract to buyer for both parties to lodge with their respective Banks.

5. a. Buyer’s Bank in accordance with Refinery Verbiage shall issue DLC - MT700 or SBLC - MT760 within Seven (7)

Banking days for first shipment’s value to Refinery Financial Bank account to enable Refinery commence loading of

product with the Shipping Company.

*Statement availability of the product.

*Commitment to Supply

*Certificate of Origin

*Product Passport-Dip Test Analysis

b. If Buyer fails to issue DLC - MT700 or SBLC - MT760 within seven (7) Banking Days, as an Alternative Provision Buyer pays 3% of Product value for Security Guarantee to Refinery Fiduciary Bank account via MT103/TT within 72 hours, Which will be deducted from the Product’s Invoice value at destination Port.

6. After Confirmation by Refinery Bank of any above (5a or 5b), Refinery at own expense, Charters with Shipping

Company and alert Buyer on Shipment Schedule accompanied with submission of Charter Party Agreement (CPA) and nominated Vessel details to Buyer.

7. Refinery Bank responds with contractual operative 2% PB and full POP to Buyer’s Bank within Seventy-Two (72) hours If Buyer’s Instrument confirmed by Refinery Bank and issue:

A) Fresh SGS Report at the Loading Port

B) Copy of Proforma Invoice

C) Bill of Lading (BL)

D) Vessel Q88

E) Cargo Manifest

F) Vessel Details

G) Ullage Report

8. Shipment Commences as Inspection to ascertain Quality and Quantity Scheduled in the Contract.

9. Upon the arrival of the cargo at Destination Port and upon Inspection on the goods in Buyer’s Storage, Buyer releases The 97% Product value Payment via MT-103 TT to Refinery Bank within 5-7 Banking days after a Successful SGS Quality Survey

10. Seller releases payment to Refinery side / Buyer side intermediaries involve as per the signed NCNDA/IMFPA and subsequently monthly shipment continues.

NOTE:

The ICPO/LOI must be in buyer's letterhead with authorized signatory and stamp. It is mandatory that the document carries the buyer's bank and bank officer's contact information. The names and positions of the Company representative signing the LOI / ICPO must be clearly indicated.

Otherwise, the document has no legal value; the documents must be fresh (recent date - the most 1-3 days old max) the letterhead of the Company requesting the commodity must correspond to the Bank Account Holder on the banking information provided.