Refined Fuel

BUYER #1

TERMS OF SALE: FOB TRANSACTION

ROTTERDAM, NETHERLANDS or HOUSTON, TEXAS / DIP AND PAY TERMS

PROCEDURES:

• BUYER: CALIFORNIA 30-YEAR-OLD COMPANY RESELLER.
• TANKS IN ROTTERDAM AND HOUSTON.
• FIRST CHOICE A1 OR JP54 AND SECOND CHOICE D6.
• PRICE FIRST SPOT FIXED ROTTERDAM OR HOUSTON PORT
• 1 TO 3M BBL FIRST LIFT
• CONTRACT AS MUCH AS WE CAN GET UP TO 10M BBL PER MONTH 

OUR PROCEDURES ARE SIMPLE.

1. OFFER ON FUEL OWNER'S LETTERHEAD, WE VERIFY BY CALLING SELLER OR REFINERY AND HAVE ATTORNEYS IN MOSCOW. 
2. BUYERS SEND ICPO AND CP
3. SELLER SENDS CI WITH PROCEDURES
4. BOTH SIGN CI AND BUYER SENDS TSA AND ATV. WE PAY NO UPFRONT FEES BEFORE TESTING.
5. OPTION: BUYER WILL TAKE OVER SELLERS TANK AFTER TESTING.
6. SELLER SENDS PARTIAL POP AND UNCONDITIONAL DIP TEST AUTHORITY, SELLERS TSR, ATV. 
7. BUYER TESTS IN SELLER'S TANK, PAYS IMMEDIATELY FOR PRODUCT, PAYS BUYERS TANK RENTAL AND GIVES TSR TO SELLER. 
8. OPTION: BUYER WILL TAKE OVER SELLERS TANK LEASE.
9. WE MOVE FUEL TO BUYERS TANKS OR TO EXIT BUYER 
10. FEES ARE PAID TO SELLER AND BROKERS
11. ANNUAL MONTHLY CONTRACT IS NEGOTIATED AND SIGNED.