D2 Buyers Published date: August 20, 2014 Modified date: September 24, 2014

Product: D2 (GOST 305-82)
Origin: Russia
Quantity: 60.000 MT +/- 5% 1st 3 months
120.000 MT per month x 9 months +/- 5%
Total Quantity: 1260.000 MT +/-5%
Delivery: FOB (Free On Board) Port Novorossiysk, Black Sea
Price: The price shall be determined by the average of the 3 days around the
Bill of lading date (one before, BL and one day after) as average of
averages quotations as reported by “Platts Europe Marketscan”
wire under the heading FOB Med (Italy) for Gasoil 0.1 less fixed
and firm discount of 14 USD (fourteen US dollars) per 1 (one) metric ton
Discount: - 14 USD / MT nett to buyer
Inspection: By S.G.S. or similar accredited agency on loading at seller’s expense
Performance Bond: 2% of the cost of the monthly party of goods

1. The seller within 3 (three) banking days, provides Buyer the following Prof of Product documents:

- The fresh (not later then 5 days) resource confirmation of delivery of Diesel fuel L0,05-62 delivery to company «.»

- Copy of the contract № K-VN-012/PR-013 dated November 25, 2013 for the processing hydrocarbons (first and last page).

- Copy of the contract № DD/FSMPmr/N-109/13 dated June 10, 2013 with the company OJSC “PGK” for the transportation of Gas Fuel ( Diesel D2) to the port Novorossiysk (first and last page).

- Copy of the contract № 114 dated January 30, 2014 with the company “CHERNOMORSERVIS” LLC for receiving, storage, crossing (loading) of the petroleum by-products in the port Novorossiysk (first and last page).

2. The buyer during two (2) of banking days issues the Transferable Standby Letter for one Non transferable Credit, (by one of the first class Banks) which has been written out in favour of the Seller, as a guarantee of payment for the delivered Goods, with validity of 396 days, covering for ship volume of delivery equal to one month shipment quantity 120.000 metric tons for the sum of 120.000.000,00 (one hundred and twenty million) US dollars, according to the formulation in the Appendix 6 to the present Contract.

3.The Buyer during the period of 25 (twenty five)-calendar days after verification of the Letter of Credit coordinates with the Seller the loading schedule of the cargo and confirms this to the Seller (Appendix № 2 of the present Contract).

4. Seller issues Commercial Invoice, Quantity & Quality report (SGS or similar agency) for lift able quantity of the product, 3 days laycan, Tank Receipt and Authorization for Dip-Test

5. Buyer issues questionnaires chartering (Q88) for one vessel loading for the lifting delivery and sends his ship to the port of loading.

6. The Seller loads Buyer’s ship and provides Shipment Documents:

- Commercial Invoice from the Seller duly signed showing net loaded quantity in metric tons and barrels together with full calculation including the “Platt's” quotations - in 3 originals and 3 copies;

- Full set 3/3 originals and non-negotiable copies of “Clean on Board” marine Bill of Lading, showing shipment from ports Novorossiysk, issued and signed by the Captain or shipping agent, and indicating the following:

- Certificate of Quality of the Goods issued by "SGS" or "Say bolt";

- Certificate of Quantity of the Goods issued by "SGS" or "Say bolt", showing quantities in metric tons and barrels;

- Certificate of Origin of the Goods, confirmatory that Goods is made on territory of Russian Federation, in original;

- Ullage report, 1 original

- Loading Time Sheet, 1 Original & 1 Copy, signed by master, local agent and SGS.;

- Master's receipt for samples of Goods loaded;

- Master receipt for documents, evidencing receipt of all documents except commercial invoice.

7. The buyers bank after receipt of the completed shipment documents makes immediately payment to the seller’s bank by SWIFT MT 103 wire transfer payable 100% at the counter of the Buyer’s Bank.

8. The Seller carries out the shipment of the cargo according to the schedule of shipment of the cargo and conditions of the Contract.

9. The buyer carries out direct payment by SWIFT MT103 to the Bank of the Seller for each shipment lot of the delivered Goods within two banking days after receipt of the Goods on F.O.B. terms port Novorossiysk, and after the presentation by Bank of the Seller to the Bank of the Buyer of all appropriate documents herein provided (all documents it are given in English or English / Russian languages (see Pos.7).
10. In case of delay of payment for the shipped party of diesel fuel after 3 days after receipt by the Bank of the Buyer of the complete set of the shipping documents as established in the Pos.7 within the specified term; the cost specified in the Invoice for a shipped tanker lot of the cargo should be removed from the Letter of credit

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