Hong Kong Saudi Light Crude Oil

Specifications: We now have a 100 % source for SLCO. We have 10 to 20 M bbl month x 36 months available.

Procedures are as follows: We need an ICPO from the Buyer or Buyer Mandate which must include the following: 1.) Quantity 2.) Rough Information of the Refinery like: Land of Location, Capacity per Day, Storage Capacity, Information regarding if ARAMCO Registered or not.

Country in which the Owner is domiciled On receipt of the ICPO with all required information we will confirm if Buyer is accepted (or not) by accepting the ICPO with our seal and be signed by one of the Seller directors. Buyer must then confirm in writing & notarized that he will come to a TTM with the following documentation: 1. Full Refinery Information.

If the buyer is not the owner of the Refinery then a Processing Agreement must be provided. 2. Bank Statement that he can do such deal or permission for a Soft Probe. 3. Confirmation that he will pay our costs if he does not come with the required documentation.

If this letter is not from the buyer but is issued by the Mandate, then he has to prove his Mandate capacity by supplying the appropriate papers. (Preference will be given to documents directly fro the buyer).

The seller will then issue an official Invitation for a TTM with confirmation that we are willing to pay the buyer costs if we are not able to prove the delivery on our side at the TTM. The seller will then: Provide confirmation of previous deliveries. Negotiate the Contract verbiage.

Confirmation of the deal will take 7 days from the TTM for ARAMCO to confirm acceptance of the deal. The discount will be $G 2.5 N 1.5 per barrel Dubai Platts FOB. If the buyer is willing to provide the documents without the TTM then this can be bypassed and on receipt of the documents the proof of previous deliveries will be sent with the draft contract.