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Our ref: BGNRFT/R18964/958063/RU Date Issued: 02 AUGUST, 2010 Expiry Date: 31 OCTOBER, 2010 To: End buyers / Buyer Mandates SOFT CORPORATE OFFER We OAO COMPANY an oil and gas exploiting, producing and exporting company, with full corporate and legal responsibility, under penalty of perjury hereby issue this Soft Corporate Offer with given terms and conditions as stated in this offer to confirm our readiness to execute a Full Corporate Offer and then straight to Sales and Purchase Agreement with end buyer, with the ability to supply the following commodity according to the terms and conditions stipulated in this soft corporate offer. RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002 Under 450,000 Bbl. per Month x 12 Months, USD 95 Gross / 90 Net Over 450,000 Bbl. per Month x 12 Months, USD 90 Gross / 85 Net DIESEL GAS D2 OIL GOST 305-82 Under 450,000 MT per Month x 12 Months, USD 450 Gross / 420 Net Over 450,000 MT x 12 Months, USD 420 Gross / 400 Net RUSSIA EXPORT BLEND CRUDE GOST 9965-76 Under 450,000 Bbl. per Month x 12 Months, USD 100 Gross / 95 Net Over 450,000 Bbl. per Month x 12 Months, USD 95 Gross / 90 Net MAZUT 100 GOST –10585-75 & 10585-99 Under 1 Million MT x 12 Months, USD 310 Gross / 300 Net Over 1 Million MT x 12 Months. USD 300 Gross / 295 Net GASOLINE 93 Under 450,000 MT x 12 Months, USD 67 gross / 65 net Over 450,000 MT x 12 Months, USD 65 gross / 64 net AVIATION KEROSENE COLONIAL GRADE 54 Under 450,000 Bbl. x 12 Months, USD 61 Gross / 58 Net Over 450,000 Bbl. x 12 Months, USD 58 Gross / 55 Net BITUMEN / PETROLEUM ASPHALT 60/70 Under 450,000 MT x 12 Months, USD 320 Gross / 310 Net Over 450,000 MT x 12 Months, USD 310 Gross / 300 Net BITUMEN / PETROLEUM ASPHALT 70a / 90a Under 450,000 MT x 12 Months, USD 250 Gross / 240 Net Over 450,000 MT x 12 Months, USD 240 Gross / 230 Net UREA 46% CARBAMIDE UREA PRILLED Under 450,000 MT x 12 Months, USD 230 Gross / 220 Net Over 450,000 MT x 12 Months, USD 220 Gross / 210 Net LIQUIDIFIED NATURAL Under 450,000 MT x 12 Months, USD 350 Gross / 330 Net Over 450,000 MT x 12 Months, USD 330 Gross / 310 Net LIQUIDIFIED PETROLEUM GAS Under 450,000 MT x 12 Months, USD 350 Gross / 330 Net Over 450,000 MT x 12 Months, USD 325 Gross / 305 Net BASE OIL Under 1 Million Bbl per Month x 12 Months USD 65 Gross/ 62 Net 10 Million Bbl per Month x 12 Months USD 62 Gross/60 NetSpecifications: Standard Export Quality. Quantity: Minimum Quantity 20.000MT, maximum Quantity 4.8 million per monthly. Delivery: CIF ASWP. Payment: By an Irrevocable revolving non-transferable documentary letter of credit./MT103/23 Telegraphic Transfer. Contract: 12 Months (twelve) with possible rollovers/ SPOT. Inspection: SGS or similar by Seller. PROCEDURE OF TRANSACTION 1. Buyer confirm soft offer and issue ICPO with full banking and Company details address to OAO.2. OAO Company approve and issues FCO to the Buyer Company. 3. Buyer signs and returns FCO with a letter of acknowledgement address to OAO Company 4. OAO Company approves and issues draft contract to Buyer which is open for amendments. 5. Buyer return countersigned contract to OAO Company. Buyer obtains “Purchase Allocation code” from the Association of Russian Minerals and Energy Marketers (ARMEM RUSSI) for legitimate approval to purchase Crude oil and Petroleum products from Russia Federation. 6. Both party exchange hard copies of the legalized contract via courier and Lodge contracts with their respective banks. 7. OAO Company issues Full POP via sellers bank to Buyer’s bank to include. Dip Test Authorization. Tank Receipt for immediate lift able quantity. SGS report of quality and quantity. Copy of license to export, issued by the department of the ministry of energy. Copy of approval to export, issued by the department of the ministry of justice. Copy of statement of availability of the product. Copy of the refinery commitment to produce the product. Copy of Transneft contract to transport the product to the port. Copy of the port storage agreement. Copy of charter party agreement(s) to transport the product to discharge port. Bill of Lading. 8. Buyer’s bank issues irrevocable revolving nontransferable documentary letter of credit. OAO Company Bank reply with 2% Performance Bond to buyer and the assignee names by means of prime 15 first world ranking banks guarantee Model ICC 458 acceptable in written by Buyer and if OAO Company fail to supply the cargo of the product this 2% will be paid to buyer 9. The SGS inspection will be borne by OAO Company at the loading port and Buyer at the unloading port. 10. Delivery commence as scheduled. Buyer release payment to OAO Company via Swift Fund Transfer within 7 banking days after the discharge of cargo and receipt of all the relevant shipping document for immediate negotiation and credited at Buyer’s Bank Account. ................
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