Aviation Turbine Jet A-1

COMMODITY:              RUSSIAN AVIATION TURBINE JET A-1 GOST R 52050-2006

ORIGIN:                       RUSSIAN FEDERATION

QUANTITY:               1,000,000 BBL FIRST TRIAL SHIPMENT & 2,000,000 BBL X 12 MONTHS WITH R&E    

CIF PRICE:                    $55.00 USD GROSS/$52.00 USD NET PER BBL

FOB PRICE:                    $52.00 USD GROSS/$49.00 USD NET PER BBL

LOADING PORTS:          PRIMORSK/KOZMINO/VLADIVOSTOK/NOVOROSSIYSK

DELIVERY:               FOB ROTTERDAM/HUSTON & CIF ANY SAFE WORLD PORT (ASWP)

PAYMENT TERMS:         DLC/SBLC/MT 103/TT FOR THE VALUE OF THE GOODS

INSPECTION:             SGS/CIQ OR EQUIVALENCE AT BOTH LOADING AND UNLOADING PORTS

PERFORMANCE BOND:       2%PB PAYABLE BY SELLER AGAINST BUYER’S DLC INSTRUMENT ONLY CIF CONTRACT

INSURANCE:              110% INSURANCE COVERAGE OF THE PRODUCT PAYABLE BY SELLER TO COVER THE PRODUCTS FROM RUSSIAN PORT TO BUYER’S NOMINATED DISCHARGE PORT ONLY CIF CONTRACT

COMMISSION:                   $3.00 USD PER BBL TO BE SHARED 50/50 BY BOTH SIDES