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BEHALF OF: End Seller

TO : End buyer

SOFT CORPORATE OFFER

We the Principal Seller, under Soft Cooperate Offer (SCO) and legal responsibility, and under
perjury of law, issue herewith the SCO, subject to further verifications and acceptance on the terms
and conditions of the Purchase.

CONTRACT

PRODUCT NAME

PRODUCT: RUSSIAN ORIGIN AVIATION KEROSENE JET FUEL

ORIGIN: Russia / Seller’s choice

DURATION: TBA IN SPA, with possible monthly Rolls and extensions
LOADING PORTS: Rotterdam / Black sea / Russia
QUANTITY Buyer’s Choice
PERFORMANCE BOND 2%
CARGO SURVEY SGS inspections
SHIPMENT Prompt shipment immediately upon acceptance of BG / SBLC.

THE PRICE JPA54 AS BELOW:

FOB Rotterdam USD35/USD32perbbl

CIF Rotterdam USD38/USD35perbbl
CIF Houston USD41/USD38perbbl
CIF ASWP USD41/USD38perbbl

THE PRICE JP1A AS BELOW:

FOB Rotterdam USD365/USD33perbbl

CIF Rotterdam USD39/USD36perbbl
CIF Houston USD42/USD39perbbl
CIF ASWP USD42/USD39perbbl

Note: Price based on IATA limit USD 70 / BBL.

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BREIF CLOSING PROCEDURES

(Use this procedure in ICPO and No Negotiations in procedures)

1. ICPO with NCNDA / IMFPA,

2. FCO ,
3. SPA / CONTRACT
4. Buyer and Seller Enters Bank
5. Buyer swift Bank Guarantee (BG) / Pre advice Standby Letter of Credit (SBLC or SLC) /
Letter Payment Guarantee (LPG) / Bank Letter Guarantee (BLG) through MT 799 / RDLC
ICC 458 swift MT700 / FFDLC
6. Seller provides partly POP with non operative 2% PB
7. Buyer provides MT 760 which makes operative 2% PB
8. Full POP from seller side
9. Shipment
10. Payment will be done after each shipment via Revolving Documentary Letter of Credit(RDLC)
ICC 600 swift MT720/ Documentary Letter of Credit(DLC) ICC 600 swift MT700 or
Telegraphic Transfer (TT) via MT103/23

Guarantee for Shipment with BG/SBLC [Swift]

Payment for product with TT/ RDLC/ DLC [Swift]

Thanking you and hope to receive your favorable reply soon.

Authorized by
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CLOSING PROCEDURES:-

0. Buyer provides an ICPO.

1. Seller issues FCO. Buyers sign the FCO on the acceptance of the terms and procedures.
2. Seller provides Draft Contract to Buyer as revise and confirm by initial. Seller and Buyers
exchange the signed contract and Notarized contract via electronic mail, which Shall be deemed legally
binding and enforceable. The contract will registered in Seller’s and Buyer’s banks within 2 (two) Banking
days after signing.
3. The Buyer’s bank issues the Pre-Advice TEXT FORMAT SBLC/RDLC ICC458 Text by swift
MT799 and follow by swift MT760 to Seller’s bank after both parties final and the Contract signed within
14 to 30 International Banking Days
4. Seller/ Seller’s Bank will inform the Buyer/ Buyer’s bank of the Partly POP is ready Within 14
-30 working days after the Seller’s Bank receive, confirm and acceptance Buyer swift MT799 .
5. Seller posts Non-Operative Performance Bond equal to 2% of the value of one (1) Month of
shipments totaling (To be determined) of products at the contract price, and 2% PB will automatically
operative BG/SBLC swift by MT760 and Seller provides FULL POP to Buyer’s Bank. The buyer issue
MT103/23 on TT payment RDLC ICC 600/ DLC ICC 600 base on the shipment delivery. The Buyer’s
bank will issue the Payment after the buyer will get SGS report at Loading Port/ Tanker receipt. First
delivery is within 30 to 45 International Banking Days after Buyer swift MT760 and acceptance by Seller
Bank.
POP shall consist of the following documents:
• Copy of License to export issued by the Russian Ministry of Energy
• Copy of Approval to export issued by the Russian Ministry of Finance
• Copy of Statement of Availability of the product
• Copy of Charter Party Agreement (s) to transport the product to discharge or Authority number,
name of loading port contract number
(IF CIF)
7. Seller nominates the vessel and gives to the Buyer as Ship Name, Call Letters, Captain’s
Name and a copy of the Charter Party agreement and ETA for CIF
8. Buyer provides Import Licenses to Seller for CIF deliveries.
9. Shipments commence according to the agreed contract.
10. Product will be delivered as per Contract CIF ASWP
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APPENDIX 1
PRODUCT SPECIFICATION

SPECIFICATIONS FOR RUSSIAN ORIGIN

AVIATION KEROSENE JET FUEL COLONIAL GRADE 54

TEST MEAN UNIT METHOD RESULT

Density at 15 g / ml ASTM_D4052 0.8 / 0.83
DIST_D86 / I.B.P. ASTM_D86 159.8
DIST_D86 / 10% recovered ASTM_D86 187.4
DIST_D86 / 20% recovered ASIM_D86 194.8
DIST_D86 / 50% recovered ASTM_D86 208.8
DIST_D86 / 90% recovered ASTM_De6 232.7
DIST_D86 / F.B.P. ASTM_D86 244.1
DIST_D86 / Residue % vol ASTM_D86 1.2
DIST_D86 / Loss % vol ASTM_D86 1.4
Say bolt Color --- ASTM_D156 28
Appearance --- --- Clear & Bright
Flash Point ASTM_D56 51.5
Copper Strip Corrosion --- ASTM_D130 Class 1
2h@100
Acid number mg KOH / g ASTM_D3242 0.004
Total Sulphur %w/w ISO8754 0.12
Mercaptan Sulphur %w/w ASTM_D3227 0.0005
Existent Gum mg / 100 MI ASTM_D381 1
FIA / Aromatics % vol D1319_95 16.5
Water Reaction : Interface Rating --- --- 1
Net Heat of Specific Energy MI / kg ASTM_D3338 43.222
Freezing Point ASTM_D2386 -43.5
Kinematics Viscosity @ - 20 CST ISO3104 6.86
Smoke point mm ASTM_D1322 25
Naphthalene’s % vol ASTM_D1840 1.2
JFTOT / Change in pressure mm Hg ASTM_D3241 1
drop
JFTOT / Filter Tube Deposit --- ASTM_D3241 1
JFTOT / Tube Appearance --- ASTM_D3241 No peacock or
abnormal
deposits
MSEP – A --- ASTM_D3948 97
Hydrogen Content %w/w ASTM_D3701 13.96
Hydro processed fuel in botch %w/w --- 3OO
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Specifications for Russian Origin Aviation Kerosene Jet Fuel
Colonial Grade 54

ADDITIVES

Antioxidant in hydroprocessed fuel mg/l min 17 Max 24

Antioxidant non hydroprocessed fuel mg/l max 24
Static dissipater first doping ASA-3 mg/l max 1
Stadis 450 mg/l max 3

COMBUSTION PROPERTIES

Specific energy, net mj/kg min 18.4 D4808

Smoke point mm min 19 D1322
Luminomitter number min 45 D1740
Naphtalenes %vol max 3 D1840
PROPERTI UNIT MIN-MAX RESULT TEST-IP METHOD ASTM

Composition

Total Acidity mg KOH/g max 0.01 354 D3242

Aromatics %vol max 22.0 158 D1318
Sulphur, Total %mass max 0.30 107 D1266/2622
Sulphur, Mercaptan %mass max 0.003 342 D3227
Doctor, test 30 D4952

VOLATILITY

Initial Boiling Point Centigrade max Report 123 D96

10% vol at C 240
20% vol at C Report
50% vol at C Report
80% vol at C Report
End point Centigrade max 300
Ricovered recidules %vol, max 1.5
Loss %vol, max 1.5
Flesh Point Centigrade max 42 170/303 D56/3828
Density at 15 C Kg/m2 min/max 776/840 180/385 D1298

LOW TEMPERATURES PROPERTIES

Freezing Point Centigrade max -40 15 D2256

CORROSION
Corrosion, copper (2hrs at 100C) max 1 154 D130
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Corrosion, silver (4hrs at 50C) max 1 227

STABILITY

Thermal stability control, Temp. 280C 323

Filter pressure, differential mm.Hg max 25
Tube deposit rating (visual) max <3

CONTAMINATIONS

Existent Gum mg/100ml max 7 131 D361

Water reacoin, interface rating max 16 258 D1084
Fuel with static dissipator additives min 75 D3648
Fuel without static dissipator additive min 85
CONDUCITY
Electrical conductivity p3/m Report

JET FUEL COLONIAL GRADE 54

ADDITIVES
Antioxidant in hydro processed fuel mg/I min 17
Max 24
Antioxidant non hydro processed fuel mg/I max 24
Static dissipater first doping ASA-3 mg/I max 1
Stadis 450 mg/I max 3

COMBUSTION PROPERTIES
Specific energy, net mj/lkg min 18.4 D4808
Smoke point mm min 19 D1322
Luminomitter number min 45 D1740
Naphthalenes %vol max 3 D1840
PROPERTIES UNIT MIN-MAX RESULT TEST-IP METHOD ASTM
COMPOSITION
Total Acidity mg KOH/g max 0.01 354 D3242
Aromatics %vol max 22.0 158 D1318
Sulphur, Total %mass max 0-30 107 D1266/2622
Sulphur, Mercaptan %mass max 0.003 342 D3227
Doctor, test 30 D4952
VOLATILY
Initial Boiling Point Centigrade max Report
10% vol at C 240 123 D96
20% Vol at C Report
50% vol at C Report
80% vol at C Report
End point Centigrade max 300
Recovered ridicules % vol, max 1.5
Loss % vol, max 1.5
Flesh Point Centigrade max 42 170/303 D56/3828
Density at 15 C Kg/m2 min/max 776/840 180/385D1298

LOW TEMPERATURES PROPERTIES

Freezing Point Centigrade max -40 15 D2256
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CORROSION
Corrosion, copper (2hrs at 100C) max 1 154 D130
Corrosion, silver (4hrs at 50C) max 1 227

STABILITY
Thermal stability control, Temp. 280C 323
Filter pressure, differential mm-Hg max 25
Tube deposit rating (visual) max <3

CONTAMINATIONS
Existent Gum mg/100ml max 7 131 D361
Water reaction, interface rating max 16 258 D1084
Fuel with static dissipater additives min 75
Fuel without static dissipater additives min 85

CONDUCTY
Electrical conductivity p3/m Report

PRODUCT SPECIFICATION - RUSSIAN ORIGIN AVIATION KEROSENE JET FUEL “JP1A” GOST 10266-76

ADDITIVES
Antioxidant in hydro processed fuel mg/l min 17 max 24
Antioxidant non hydro processed fuel mg/l max 24
Static dissipater first doping ASA-3 mg/l max 1
Stadis 450 mg/l max 3
COMBUSTION PROPERTIES
Specific energy, net mj/kg min 18.4 D4808
Smoke point mm min 19 D1322
Luminomitter number min 45 D1740
Naphtalenes % vol max 3 D1840
PROPERTY UNIT MIN-MAX RESULT TEST-IP METHOD
ASTM
Composition
Total Acidity mg KOH/g max 0.01 354 D3242
Aromatics % vol max 22.0 158 D1318
Sulphur, Total % mass max 0.30 107 D1266/2622
Sulphur, % mass max 0.003 342 D3227
Mercaptan
Doctor, test 30 D4952
VOLATILITY
Initial Boiling Point Centigrade max Report 123 D96
10% vol at C 240
20% vol at C Report
50% vol at C Report
80% vol at C Report
End point Centigrade max 300
Recovered ridicules % vol, max 1.5
Loss % vol, max 1.5
Flesh Point Centigrade max 42 170/303 D56/3828
Density at 15 C Kg/m2 min/max 776/840 180/385 D1298
LOW TEMPERATURES PROPERTIES
Freezing Point Centigrade max -40 15 D2256
CORROSION
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Corrosion, copper (2hrs at 100C) max 1 154 D130
Corrosion, silver (4hrs at 50C) max 1 227
STABILITY
Thermal stability control, Temp. 280C 323
Filter pressure, differential mm.Hg max 25Tube deposit rating (visual)
max <3
CONTAMINATIONS
Existent Gum mg/100ml max 7 131 D361
Water reacoin, interface rating max 16 258 D1084
Fuel with static dissipater additives min 75 D3648
Fuel without static dissipater additive min 85
CONDUCTIVITY
Electrical conductivity p3/m