We offer for sale RUSSIAN CRUDE OIL FOB – NOVOROSSIYSK! 1,000,000 bbl x 12 months contract! Urgently!

RUSSIAN CRUDE OIL SOFT CORPORATE OFFER

 As per product specifications detailed herein, hereby confirms that we are authorized to sell petroleum products to buyers who are ready, willing and able to purchase and take delivery of the commodity identified below, based on the following terms and conditions. We may offer final information which may amend the items listed below under the final SPA:

 Commodity/Product: RUSSIAN CRUDE OIL

Origin: Russian Federation

Specification: Standard Export Quality Specification

Quantity: 1,000,000 barrels first trial lift, and, then up to 1,000,000 barrels per month thereafter, for twelve (12) months term contact, with increases, rolls and extensions.

Delivery Terms: FOB - Novorossiysk

Price: The final sales price is fixed and based on Brent NEW, NET calculated at time of shipment on -$.00 (-and NO/100 Dollars) per barrel, for the first trial lift, then, then this price is calculated at the time of each lift, thereafter. The total minus swing during the term of the SPA is - per barrel maximum, based on the price at the time of first lift.

Commission: Seller’s Side $1.00 (One- and NO/100 Dollars) (closed) and Buyer’s Side $1.00 (One -and NO/100 Dollars).

Terms of Payment: After the SGS dip test at the Buyer’s destination Port, the port of arrival, in the presence of representatives, all documents released and approval are sent by the Buyer to his bank to activate the payment by normal MT103 to Seller’s bank and the product is unloaded, via transferrable Standby Letter of Credit MT760.

Commissions: The sales price to the Buyer (above) is NET.

 Banking Procedures for FOB

Via transferrable standby letter of credit SBLC MT760 payable 100% at sight against Shipping Documents, by SBLC test, and, payment via MT103 after successful inspection in Rotterdam. This sale and the transferrable standby letter of credit SBLC MT760 shall be issued directly to this company by End Buyer. This includes a 2% (two-percent) Performance Bond issued on receipt of Buyer’s transferrable standby letter of credit SBLC MT760.

 BUYER’S PROCEDURES FOR TRANSACTION:

 1.                 Seller’s mandate issues SCO and sends to Buyer.

 2.                 Buyer issues ICPO along with Passport Copy and sends to Seller.

 3.                 Seller Issues draft Contract open for Amendment and Commercial Invoice (CI) to buyer.

 4.                 Buyer reviews draft contract and signed along with Commercial Invoice (CI) and returns to Seller.

 5.                 Buyer bank issue payment Instrument to Seller Nominated Bank a transferrable SBLC MT760 through Swift for the Monthly Shipment, Upon Confirmation of Buyer payment Instrument in Seller’s Bank, Seller Bank issue 2% P/B and Full POP listed below to Buyer’s Bank:

 A.                Copy of License to Export, Issued By the Department of the Ministry of Energy.

B.                 Copy of Approval to Export, Issued By the Department of the Ministry of Justice.

C.                 Copy of Statement of Availability of the Product.

D.                Copy of the Refinery Commitment to Produce the Product.

E.                 Copy of the OJSC AK Transnet Contract to Transport the Product to the Port.

F.                 Copy of the Port Storage Agreement.

G.                Copy of the Charter Party Agreement (s) To Transport the Product to Discharge Port.

H.                Dip test Authorization.

I. Tank receipt.

J. SGS report.

K. Title holder Certificate.

7.                 Upon confirmation of Seller Full POP by Buyer, Shipment commences.

 8.                 Within 5 working days of Vessel arrival, Buyer releases full payment via MT103/TT for one Month shipment after CIQ or SGS at the destination port.

 (NOTE: This procedure must be copied into Buyer’s ICPO, “word-per-word,” with no changes allowed)

Additional Special Terms and Conditions:

The above stated Buyer’s Procedure is subject to Seller’s final Procedures with its supplier of the Russian Crude Oil. Should any changes in these terms be required, any such changes are subject to the final acceptance of the Buyer.

 The Final Contract signed by both Seller and Buyer is the binding document. This SCO is non-binding and is valid for three (3) business days of this SCO concluding on 18 April 2018 5:00 p.m. (US-CST).

Prices are subject to change without prior notice. Product availability is subject to prior sale.