2 MILLION BARRELS OF BLCO TO US, EUROPE/ CHINA

TRANSACTION: CIF

INSTRUMENT: SBLC/ BLOCKED FUNDS

DISCOUNT: $12/4

PROCEDURE FOR CIF TO U.S, EUROPE/CHINA

1: Buyer sign Contract and Return with ATB/NOR Formats with the CIS/KYC, Certificate of incorporation and data page of Buyer international Passport.

2: Seller acknowledge the signed contract and also provides the Fiduciary details to receive buyer instrument.Also to be included are the CIS /KYC Certificate of the incorporation and data page of the seller international Passport.Seller also release vessel details for Tracking and confirm.

3: Buyer place SBLC MT 760 Blocked by swift Funds of full value of Cargo for 366 days from a prime Bank

4: Vessel issues Notice of Readiness to Buyer and ETA.Buyer acknowledge  NOR/ ETA.

5: Vessel sails to Port of Discharge and informs Buyer to clear her in for Q&Q.

6: After positive Q&Q result, Buyer pays within 72hrs and Vessel  discharge into tank farm and Sails.

7: All documents are transferred to the buyer and 12-months Contract is signed