Detailed Product Description

RUSSIA EXPORT BLEND CRUDE GOST 9965-76

Quantity: Minimum 4,000,000bbls, Maximum60, 000,000bbls

Delivering Terms: CIF-ASWP

Fixed Price: $60Gross, $55 Net

RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002

Quantity: Minimum 4,000,000bbls, Maximum 60,000,000 bbls.

Delivering Terms: CIF-ASWP

Fixed Price: $70Gross, $65 Net

STANDARD PROCEDURES #1:

1. Buyer Send ICPO / LOI to Seller

2. Seller issue draft contract open for an amendment to buyer

3. Buyer sign and return Draft contract back to seller

4. Upon Seller receipt of sign contract from the buyer, within 48hours buyer legalize the sign contract with the chamber of commerce.

5. Seller lodged hard copy legalized contract to the export unit, and send a copy to the buyer via DHL

6. Upon confirmation of legalized contract sellers bank issued to buyers bank POP.

7. Buyer confirm received pop with his bank /Buyer bank issue MT103 Upon Seller bank receipt of the MT103 Sellers bank issued 2% Performance bonds to activate the L/C.

8. An Escrow company will be appoints, Insurance Company to oversee the Transaction Escrow Company communicates with buyer both parties agree on final wordings.

9. Delivery commence as per contract. (First Shipment commences within 15 - 35 days of receipt of Escrow Insurance Clearance, Bank to Bank operations with an operative instrument.)

10. All brokers and mandates will be paid as per agreement on the commission.

STANDARD PROCEDURES #2:

1. Buyer Send ICPO / LOI to Seller

2. Seller issue to buyer FCO ,buyer sign and return back to Seller

3. Upon Received of signed FCO Seller issue draft contract open for amendment to buyer

4. Buyer sign and return Draft contract back to seller

5. Upon Seller receipt of sign contract from the buyer, within 48hours buyer legalize the sign contract with the chamber of commerce. Seller lodged hard copy legalized contract to the export unit, and send a copy to the buyer via DHL

6. Upon confirmation of legalized contract sellers bank issued to buyers bank POP.

7. Buyer confirm received pop with his bank /Buyer bank issue MT103 Upon Seller bank receipt of the MT103 Sellers bank issued 2% Performance bonds to activate the L/C.

8. Delivery commence as per contract. (First Shipment commences within 15 - 35

9. All brokers and mandates will be paid as per agreement on the commission.