D2 Immediately Available in Singapore and Rotterdam (scroll down for
Rotterdam).

BOTH EXPIRE IN 24 HOURS

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Singapore

PRODUCT Gas Oil D-2

Delivery in a month 500 000 MT Immediately Liftable

TERM SPOT deal of 500,000MT with the same quantity available for 60
months

DELIVERY FOB Singapore

PRICE ‘Platt’s Singapore’ less discount $40/$30 USD per MT for the
immediately liftable 500,000MT
‘Platt’s Singapore’ less discount $50/$40 USD per MT for the 500,000MT
per month

Commission $10 split equally between the Sell Side and the Buy Side

PERFOMANCE BOND 2% of the cost of the monthly party of the goods

AGREED PROCEDURES

1. Seller sends Draft contract for Buyer approval and signature.

2. Buyer returns Draft contract to Seller

3. Seller sends Final Contract to Buyer and both seller and Buyer will
lodge with their respective banks.

4. Buyer request by Swift confirmation of POP by Seller Bank.

5. Seller Bank responds by Swift that they are in Possession of POP
including title in Seller's Name.

6. Buyer sends a pre advice via MT199 (Buyer to provide proposed
Verbiage)to Seller's Bank stating they RWA and have the Funds to
conclude the immediately liftable quantity and are capable to enter
into a 60 month contract.  In addition that the Buyers bank is RWA to
receive FULL POP.

7. Seller sends to Buyer Bank by Swift Full POPincluding SGS Q&Q, TSR
and Dip Test Authorization.

8. After Verification of POP and positive Dip Test, Buyer will release
MT103 and on Receipt of Buyer MT103 Seller immediately releases Title.

9. Buyer pays for the lifting from the MT103.

10. Shipment Commences.


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Rotterdam

PRODUCT Diesel L-0.2-62 (GOST 305-82)

Origin Russian Federation

Delivery in a month 500 000 MT – 1,000,000 MT Immediately Liftable

TERM SPOT deal of 500,000MT with the same quantity available for 60
months

DELIVERY FOB Rotterdam

PRICE ‘Platt’s European Marketscan ’ less discount $30/$20 USD per MT
for the immediately liftable 500,000MT-1,000,000 MT
‘Platt’s European Marketscan less discount $80/$60 USD per MT for the
500,000MT per month for 60 Months

Commission $20 split equally between the Sell Side and the Buy Side

PERFOMANCE BOND 2% of the cost of the monthly party of the goods

Payment Terms: By MT 103 / 23 against successful verification of SGS
Report, TSR and DIP Test

AGREED PROCEDURES

1. Seller sends Draft contract and Joint Venture for Buyer approval
and signature.

2. Buyer returns Draft contract to Seller

3. Seller sends Final Contract to Buyer and both seller and Buyer will
lodge with their respective banks.

4. Buyer sends a pre advice via MT199 (Buyer to provide proposed
Verbiage)to Seller's Bank stating they RWA and have the Funds to
conclude the immediately liftable quantity and are capable to enter
into a 60 month contract.  In addition that the Buyers bank is RWA to
receive FULL POP.

5. Seller sends to Buyer Bank by Swift Full POP including SGS Q&Q, TSR
and Dip Test Authorization. and the telegram on the permission of an
input of a vessel in port under loading;

6. After Verification of POP and positive Dip Test, Buyer will release
MT103/23 and on Receipt of Buyer MT103 Seller immediately releases
Title.

7. The Seller carries out loading.

8. Buyer pays for the lifting from the MT103.

9. Shipment Commences.

10. Within 2 days load all volume and pay.

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