2,000,000 bbl. in houston ready now at platts minus $5

commissions: sell side closed buy side $1 open

name of the goods: jet fuel a 1
origin: usa
fob fixed price: platts $5
method of delivery: tank to tank or tank to vessel
form: (fob houston)
proof of product: provided as per documents listed in the procedure
initial amount: 2,000,000 bbl.

transaction procedure fob dip and pay tank to tank

1. buyer accepts seller's working procedure and issues icpo to the end seller via seller's
representative . (see below)

2. seller issues commercial invoice and buyer signs and returns commercial invoice on the due date along with buyer tsa.

3. the seller issues the following ppop to the buyer for evaluation:
statement of product availability
letter of guarantee
tank to tank injection agreement

note: if the buyer fails to provide the endorsed tank to tank injection agreement between buyers and its storage company within five (05) business days buyer shall pay a 2% guarantee deposit to supplier and buyer will take over seller s tank.

4. upon receipt of the tank to tank injection agreement between buyers and its storage company to engage the injection from sellers' ex tank to the buyer's tank, in situ (stock transfer). seller issues injection report, copy of the q&q analysis report, authorization to verify, and unconditional dip test authorization letter to buyer, buyer orders sgs, ciq, or equivalent inspection to conduct dip test of the product (optional) in the seller's tank on buyer s expense upon successful dip test.

5. buyer provides their notice of readiness to receive the product, seller, and buyer coordinate with the injection firm to initiate the injection from seller' ex tank to buyer's tank, in situ (stock transfer), seller issues to the buyer title holder transfer agreement and ncnda/imfpa between all intermediaries involved for commission payment to be signed by the buyer and seller prior to injection.

6. upon completion of the injection to the buyer s tank the buyer makes 100% payment by
mt103 tt wire transfer for the total product upon confirmation of the product payment, the seller issues to the buyer the below documents:
atcs
coo
all export documents

7. seller will release commission payments to the intermediaries involved within three (03) working days of receiving the payment for the product from the buyer s bank.

8. seller issues draft sales and purchase agreement to the buyer to review for twelve (12) monthly contract deliveries with role and extension.

9. buyer reviews and approves the sales and purchase agreement and issues letter of credit, standby letter of credit, or documentary letter of credit (non transferable) auto revolving for 12 months shipment value, for the length of contract and for each lift per schedule.

10. the subsequent delivery shall commence according to the terms and conditions of the contract; seller pays commissions to all intermediaries as per imfpa/ncnda within three (03) working days after receiving the product payment from the buyer.

the buyer must accept the procedures and the following:

please make the icpo for our dip and pay procedure for jet a 1 and
the buyer must have a tsa and must provide an atv to verify the tank is real.

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