PRODUCT:

D2

ORIGIN:

Russia

QUANTITY:

10,000,000 MT out of 20,000,000 MT

TERM OF CONTRACT:

spot

QTY IMMEDIATELY LIFTABLE:

2,000,000 MT liftable at closing

MONTHLY QUANTITY:

spot

CURRENCY:

USD

PRICE:

USD 370 Net, 380 Gross

PAYMENT:

MT 103

INSPECTION:

SGS, paid by seller

SPECIFICATION:

Standard D, origin to be provided by seller

VALIDITY OF FCO:

5 days

COMMISSION:

$5 seller side closed and $5 to the buy side, 1/3 buyer s mandate, 1/3 Intermediary s, 1/3 facilitator

DELIVERY:

F.O.B Rotterdam

ALTERNATES SUBJ TO ADJ

YES

1.

NCND/IMFPA plus Warning Letter signed by the Buyer and the Buyer s Mandate.

2.

Seller sign NCND /IMFPA / Warning Letter + Draft Contract

3.

Buyer signs Draft Contract

4.

Buyer's Bank sends RWA to Seller's Bank.
Seller's Bank confirms readiness to reassign the Title of ownership; including all relevant documents (POP, Tank receipts etc.) upon confirmation of Payment Instrument

5.

Seller's issues fully operative 5% PB to Buyer. Seller's Bank confirms readiness to reassign the Title of ownership; including all relevant documents (POP, Tank receipts) upon confirmation of Payment Instrument.

6.

Buyer's Bank issues operative Payment instrument to Seller (MT103)

7.

Seller confirms instrument and transfer.

8

Seller reassigns all legal title and documentation to the Buyer.

9

Buyer arranges lifting schedule.

8.

Transaction is concluded.