These procedures are NON-NEGOTIABLE and NEGOTIABLE in some. Terms of payment for the above price are Irrevocable, Operative, Transferable, and Paid at sight and in favor of the Seller. Financial Instrument should be a Revolving Documentary Letter Of Credit (RDLC) covering one-month quantity for each month.

A. The Buyer shall issue the ICPO/LOI and BCL to the Seller. Date on documents should not be more than 7 days old.

B. The Seller shall issue Full Corporate Offer to the Buyer.

C. The Buyer shall issue Confirmed and signed Full Corporate Offer to the Seller.

D. The Seller shall issue Draft of Contract on firm Terms and Conditions to the buyer.

E. The Buyer sign and return the Draft Contract to Seller.

F. (NOTE:For RUSSIAN ORIGIN OIL)The Seller Issue Transneft Affidavit, Agreement and Pipeline Invoice to buyer

G. (FOR RUSSIAN ORIGIN ONLY)The Buyer sign and make payment for Pipeline Operation fee for Internal and External operation to Transneft Stated Account in the invoice within 5 International Banking days from the date of issue.

H. (FOR RUSSIAN ORIGIN ONLY)Upon the confirmation of the pipeline payment by Transneft, 70% of the Hard Copies Documents (POP) will be send to buyer through Swift Bank to Bank by Transneft while the Seller will issue 30% of the Hard Copies to buyer via courier service.

I. The Buyer's bank shall issue a Non-operative, irrevocable, any time transferable, divisible, confirmed, automatically revolving with one month's shipment total value.

J. The Seller's Bank shall issue PBG 2% to buyer's bank.

K. All banking charges including confirmation from the Buyer's bank shall be borne by the buyer and all banking charges incurred by the Seller at Seller's bank shall be borne by the Seller.

L. Should any amendments to the DL/C be requested once the same had been issued, then the Party requesting the change will be responsible for the payment of the related costs, unless changes are needed to construct the instruments in compliance with the Agreement, then the costs shall be borne by the faulting Party.

M. The 2%PB will activate the Non Operative LC to Operative and shipment starts. Please be assured that the whole process from the issue of the ICPO and BCL or LOI and BCL to the signing of the final contract will take at the most 7 days. This is subject to you following the above and also the below:

 (a) Please ensure that the date on the ICPO and BCL should not be more than 4 days older than the date the documents will be sent to Petroleum International.

(b) Please be aware that you might be contacted to verify the order. Buyer should therefore leave his name and contact details that is, telephone number, email and address on the ICPO or LOI.

(c) Buyer should also ensure that their full bank details are on the ICPO or LOI. Full bank-details will include -: Account Name, Bank Officer In-charge of the account and his telephone number, Bank Name, Bank Address, Account number, Swift Number.

(d) Buyer should make a statement on the ICPO that he gives Permission to seller to perform a soft probe.

(e) The Bank Officer should be made aware that a soft probe Telephone call will be made. Please note that a soft probe is just Petroleum International confirming with the bank that the details quoted on the ICPO or LOI truly belongs to the buyer. Is not responsible for determining and investigating the liquidity of the buyer, our part is to collect and verify all relevant document