In the name of God Soft Corporate Offer (SCO)

12th September 2014

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In the name of God

Soft Corporate Offer (SCO) Validity Date: 25th September 2014 To: End Seller

We, Fowjiran International Consortium, on behalf of our Re-Seller & Refinery, confirmed with full corporate responsibility that we are ready and capable to enter into a contract to sell the commodity. All the supply is guaranteed to meet the specifications and to pass the stringent requirements of SGS or equivalent. The sales and purchase contract would be in accordance with international standards and procedures.

NWE Prices are based on 5 Days Average of B/L

Die

sel D

2 (

L0.0

2-6

2)

GO

ST 3

05

-82

Origin: RUSSIA FEDERATION

Quantity: First Month Trial Minimum per Month Maximum per month

50,000 50,000 50,000

Delivery: CIF FOB

All Safe World Port (ASWP) No FOB Term

Contract: Minimum 50,000 Metric Tons (Trial Shipment) followed by 50,000 MT per Month x 12 Months with R&E up to (36-48) Months

Payment MT199 / MT799 / MT999 for POF SBLC / BG / ITDLC for the total of the Trial Shipment MT103 SWIFT TT

Platt Price: Net (Minus NWE Platt) Gross (Minus NWE Platt) Commission - 35 USD or (- 4%) - 45 USD or (- 5%) 10 USD or (- 2%)

Die

sel D

2 (

L0,0

2-6

2)

GO

ST 3

05

-82



100,000 100,000 150,000

Delivery: CIF FOB





12th September 2014

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iese

l D2

(L0

,02

-62

) G

OST

30

5-8

2



200,000 200,000 500,000

Delivery: CIF FOB


Contract: Minimum 200,000 Metric Tons (Trial Shipment) followed by 200,000 -500,000 MT per Month x 12 Months with R&E up to (36-48) Months



Avi

atio

n K

ero

sen

e C

olo

nia

l ( J

P5

4)



1,000,000 1,000,000 1,000,000

Delivery: CIF FOB


Contract: Minimum 1,000,000 Metric Tons (Trial Shipment) followed by 1,000,000 MT per Month x 12 Months with R&E up to (36-48) Months


Platt Price: Net (Minus NWE Platt) Gross (Minus NWE Platt) Commission

- 8 USD - 10 USD 2 USD

Avi

atio

n K

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sen

e C

olo

nia

l ( J

P5

4)



1,000,000 1,000,000 2,000,000

Delivery: CIF FOB


Contract: Minimum 1,000,000 Metric Tons (Trial Shipment) followed by 2,000,000 MT per Month x 12 Months with R&E up to (36-48) Months



- 9 USD - 11 USD 2 USD

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viat

ion

Ker

ose

ne

Co

lon

ial (

JP

54

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1,000,000 3,000,000 5,000,000

Delivery: CIF FOB


Contract: Minimum 1,000,000 Metric Tons (Trial Shipment) followed by 3,000,000 – 5,000,000 MT per Month x 12 Months with R&E up to (36-48) Months



- 10 USD - 12 USD 2 USD

Maz

ut

M1

00

1

05

85

-75

/ 1

05

85

-99



50,000 50,000 250,000

Delivery: CIF FOB




Fix Price: Net Gross (Minus NWE Platt) Commission

545 USD 555 USD 10 USD

Maz

ut

M1

00

1

05

85

-75

/ 1

05

85

-99



300,000 300,000 500,000

Delivery: CIF FOB


Contract: Minimum 300,000Metric Tons (Trial Shipment) followed by 500,000 MT per Month x 12 Months with R&E up to (36-48) Months


Fix Price: Net (Minus NWE Platt) Gross (Minus NWE Platt) Commission

540 USD 550 USD 10 USD

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** Strictly Non Negotiable Procedure ** You can choose one of the options bellow and write on your ICPO

Option One (1) “Trial Shipment” and Annual Purchase - 12 Month Term Contract

1- Buyer issues ICPO, along with BCL and Corporate Profile and Scan Passport copy of CEO. 2- Seller issues FCO to Buyer.

3- Within (5) Five International Banking Days, the Buyer signs, seals, dates and returns “FCO” to Seller.

4- Within (2) Two International Banking Days, the Seller issues a Commercial Invoice (“CI”) and Draft

Contract, pursuant to the procedures of business as set out in the Sellers FCO to the Buyer, for

amendments (if necessary) and return to the Seller.

5- Within (5) Five International Banking Days, the Buyer issues Proof of Funds (“POF”) to Seller ,either by

MT799 / MT199 / MT999 by “SWIFT” ‐ “Bank to Bank” process, from Buyer’s Bank to sellers nominated

bank .

6- Within (5) Five International Banking Days, the Seller issues to the Buyer a “Non‐Operative” 2%

Performance Bond (“PB”) for the total of the Trial Shipment Value.

7- Within (5) Five International Banking Days, the Seller issues Partial Proof of Product (“PPOP”) to the buyer consisting of: - SGS Inspection Report (“SGS”) or equivalent, - Certificate of Origin (“COO”), - Dip Test Analysis Report (“DTAR”), - Tank Storage receipt (“TSR”).

8- The Buyer issues to the Seller either an “SBLC” / “BG” / “ITDLC” for the total of the Trial Shipment with a

Minimum of (365+1 Days) for the “SBLC” / “BG” and (45-60) Days for the “ITDLC”.

9- Once the Sellers Bank has received and confirmed acceptance of the Buyers “SBLC” / “BG” / “ITDLC”, the

Sellers 2% “PB” will become operative, and shall become null and void upon successful completion of the

Trial Shipment to the Buyer.

10- The Trial Shipment will be loaded within (15) International Banking Days from when the Buyer’s “SBLC”

/ “BG” / “ITDLC” has been received and confirmed by the Seller. The first Shipment under the (12) Month

Term Contract will be loaded within (7-10) International Banking days thereafter. The Seller issues Full

Proof of Product (“FPOP”) to the Buyer.

11- “100% Payment at Sight”, following the Buyer being in receipt of all the relevant Shipping document’s,

inclusive of the Sellers Commercial Invoice, Title Transfer to Buyer, and SGS or equivalent Inspection

Report at Loading Port and Discharge Port, in which the Buyer shall pay to the Seller by MT103 “SWIFT”,

“Prior to Discharge”, the due amount to the Sellers Bank or as so directed by the Seller.

12- Within (2) Two International Banking Days, following the receipt of the payment from the Buyer to the

Seller, the Seller’s Bank, will release and pay all intermediaries in accordance with the instructions

received in the NCNDA / IMFPA.

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Option Two (2) “Trial Shipment” and Annual Purchase - 12 Month Term Contract

1- Buyer issues ICPO to Seller, along with BCL and Corporate Profile and Scan Passport copy of CEO.

2- Seller issues FCO to Buyer.

3- Within (5) Five International Banking Days, the Buyer signs, seals, dates and returns “FCO” to Seller.

4- Within (2) Two International Banking Days, the Seller issues a Commercial Invoice (“CI”) and Draft

Contract, pursuant to the procedures of Business as set out in the Sellers FCO, to the Buyer, for

amendments (if necessary) and return to the Seller.

5- Within (5) Five International banking days, the buyer issue proof of funds (POF) to seller by MT799 /

MT199 / MT999 by “SWIFT” ‐ “Bank to Bank” process, from Buyer’s Bank to Sellers Bank.

6- Within (5) Five International Banking Days, the Seller issues Partial Proof of Product (“PPOP”) to the Buyer

consisting of:

- SGS Inspection Report (“SGS”) or equivalent,

- Certificate of Origin (“COO”),

- Dip Test Analysis Report (“DTAR”),

- Tank Storage receipt (“TSR”).

7- Within (2) Two International Banking Days, the Buyer obtains satisfactory confirmation of the Tank

Loading Terminal documents and Dip Test by the Buyer, and the Buyer´s Bank issues an MT103 for 100%

of the Trial Shipment/Lift against the Title Transfer document´s and following receipt for the balance of

the necessary documents to lift the product from the Seller.

**********************************************************************************

Note: Upon successful delivery of the Trial Shipment/Lift, the parties are engaged in a minimum twelve

(12) month Contract with R&E of up to (4) years, and within (5) Five International Banking Days, the

Buyer´s Bank will issue a revolving Standby Letter of Credit (“SBLC”) / Bank Guarantee (“BG”) /

“Irrevocable Transferrable Documentary Letter of Credit” (“ITDLC”), with a minimum validity of (365 + 1

Days) for the “SBLC”/”BG”/”ITDLC” and (40-60) Days for the “ITDLC”.

**********************************************************************************

8- Once the Sellers Bank has receive and confirmed acceptance of the Buyers “SBLC” / “BG” / “ITDLC”

within (7-10) International Banking days, the Seller shall arrange for the loading of the Vessel, subject

to the Buyers Lifting Schedule as per the Contract.

9- Lifting of the product shall commence, as per the Lifting Schedule pursuant to the Contract, with each

shipment thereafter commencing within (5) International Banking days from when the Buyer´s

“SBLC” / “BG” / “ITDLC”, has been formerly accepted and confirmed by the Seller and the Sellers

Refinery Supplier.

10- 100% Payment at Sight”, following the Buyer being in receipt of all the relevant Shipping

document’s, inclusive of the Sellers Commercial Invoice, Title Transfer to Buyer, and SGS or

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equivalent Inspection Report at Loading Port and Discharge Port, in which the Buyer shall pay to the

Seller by MT103 “SWIFT”, “Prior to Discharge”, the due amount to the Sellers Bank or as so directed by

the Seller.

11- Within (2) Two International Banking Days, following the receipt of the payment from the Buyer to the

Seller, the Seller and/or the Sellers Refinery Suppliers Bank, will release and pay all intermediaries in

accordance with the instructions received in the NCNDA / IMFPA.

Sincerely Yours; Selling Department Manager Fowjiran International Consortium (FIC)

Standard Specifications

Russian D2 ( GOST 305-82 ) Specification COMPONENT UNIT MIN MAX ASTM

Density@ 20 deg C

Kg / m3

0.820

0.860 ASTM D 1298-05 / ASTM D 4052

Colour Clear & Bright/No Dye Added

1.0 2.0

Flash point, PMCC Deg C (°C) 55 62 ASTM D 93-06

Kinematic viscosity @ 20 deg C

CST

3.0

6.0 ASTM D 445-06, D 7042

Pour point

Deg C (°C)

(*)

-10.0 ASTM D 5949, D 5950

Cloud point Deg C (°C) (*) -5.0 ASTM D 2500, D 5771, D 5772, D 5773

Mercaptan sulphur 0.01

Acidity, mg / 1000 5 ASTM D 974, D 664

Lodnie number g /100g 6

Ash 0.01 ASTM D 482-03

Total sulphur %wt 0.02 0.2 ASTM D 4294-06

Copper corrosion 3 hrs @ 50 C (typical) 1 A ASTM D 130-04e1

CCR on 10% %wt 0.20

Cetane index 45 ASTM D 613-05

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Russian Mazut M100 (10585-75) Specification

COMPONENT RESULT

1 Ashcontent,notmore % 0.14

2 Massfractionof sulphur, notmore , %-low–sulphur-residual –oil

0.5

3 Temperature ofthe flash, notlessCinthe closedcrucible inthe open crucible C

110MIN

4 The temperature of solidification,nothigherC 25

5 Kinematicsviscosity 118MAX

6 Watercontent 0.5%

7 Mechanicalimpurities LOWERTHAN0.1%

8 Acidity LOWERTHAN5mgKOH/100ml 9 Alkalinity Nil

10 Grosscalorific value Kcal/kg/kj/kg Min9700/41300

11 Densityat15.0deg.Ckg/1 0.8900-0.9200

12 Hydrogensulfide content(H2S)pom 0.5max

13 Carbonresidual LOWERTHAN7%

14 Vanadium(V)ppm 23

15 Aluminum(al)ppm 5

16 Silicon(si)ppm 12

17 Nickel(ni)ppm 29

18 Asphaltenes m /m 3.6%

Distillation range :

-50% Recovered Deg C (°C) 280

-90% Deg C (°C) 360 ASTM D 86-05

-Bacteria MBC Fibre / 500

-Bacteria CFU Fibre / 1000

Water %WT 0.02

Water and % volumeG/m3 0.10

Oxidation 25

Summer from March to October (PP – 5.0 degrees C)

Summer from March to October (CP – 0.0 degrees C)

Winter from November to February (PP – 10.0 degrees C)

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19 distillation@4mm Hg Extracted to 760 mm Hg Initial boiling point deg. C 5 % recovered deg.C 10% recovered deg.C 20 % recovered deg.C 30 % recovered deg.C 40 % recovered deg.C 50 % recovered deg.C 60 % recovered deg.C 75 % recovered deg.C 80 % recovered deg.C 95 % recovered deg.C Percent recovered vol Residue vol Total nitrogen m/m

-- -- 216 259 310 358 445 502 534 538 545 -- 550 78% 22% 0.192%

20 Sodium ( na ) ppm 15

Russian JP54 COLONIAL GRADE PECIFICATIONS NO. PROPERTIES RATE RESULT METHOD

COMPOSITION

01. APPEARANCE CLEAR BRIGHT VISUAL

02. ACIDITY, TOTAL MG KOH/G 0.1 D 974 / 3242

03. AROMATICS VOL % 22 D 1318 / 1319

04. TOTAL SULFUR WT % 0.30 D 1266 /

1552 /2622

05. DOCTOR TEST NEGATIVE D 4952

06. SULFUR MERCAPTAN WT % 0.003 D 3227

07. COLOUR, SAYBOLT -------- D 156

VOLATILITY

01. DISITILLATION TEMPERATURE % M/M D 86 / 96

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INITIAL 123

10% RECOVERY 240

20% REPORT

50% REPORT

80% REPORT

FINAL BP POINT 300

02. DISTILATION RESIDUE °C 1.5 D 86 / 96

03. DISTILLATION LOSS °C 1.5 D 86 / 96

04. FLASH POINT °C 42 D 56 / 3828

05. GRAVITY.API @ 60 F °F 37 – 54 D287 /

1298 /4052

06. DENSITY @ 15 °C KG/M2 °C 776* - 840 D287 /

1298 /4052

FLUIDITY

01. FREEZING POINT °C -40 D 2256 / 2386

02. VISCOSITY @ -20° °C 8.0 D 445

COMBUSTION

01. NET HEAT OF COMBUSTION NET. MJ/KG 18.4* D 1405/

3338 / 4808

02. LUMINOMETER NO. 45* D 1740

03. OR SMOKE POINT MM 19* D 1322

04. NAPHTALENES VOL % 3 D 1840

05. PROPERTY UNIT REPORT

CORROSION

01. COPPER STRIP 2 HRS 100°C 1 D 150

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SILVER STRIP 4 HRS 50°C 1 D 130

STABILITY

01. FILTER PRESSURE, DIFFERENTIAL MM HG 25 D 3241

02. TUBE DEPOSIT RATTING -------- 3 VISULA

03. THERMAL STABILITY CONTROL °C 280

CONTAMINANTS

01. EXISTANT GUM MG/100 ML 7 D 381

02. PARTICULATES MG/GAL -------- D 2276

03. WATER REACTION INTERFACE -------- 16 D 1094

04. FUEL WITH STATIC DISSIPATER ADDTITIVE

-------- 75* D 3984

05. FUEL WITHOUT STATIC DISSIPATER ADDTITIVE

85*

06. FILTARTION TIME MIN. REPORT MIL-T 5624 P

07. TOTAL SOLIDS -------- REPORT MIL-T 5624 P

ADDITIVES

01. ANTIOXIDANT IN HYDROPRESSED FUEL

MG/L 17* - 24

02. ANTIOXYDANT NON HYDRO PROCESSED FUEL

MG/L 24

03. STATIC DISSIPATER FIRST DOPING ASA 3 MG

MG/L 1

04. STADIS 450 MG/L 3

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Latest Price of NWE PLATT

ATTENTION Please

1- Fowjiran does not have any responsibility to the ICPOs which will receiving after this SCO validity date.

2- Fowjiran will not follow the sent LOI/ICPO which has the manipulated letterhead or it's not exactly mentioned that its issue To: End Seller Via: Fowjiran International Consortium.

3- Fowjiran Will not answer to the LOIs/ICPO which is not mentioned their official website on its letterhead or has not the real profile in attach.

4- Please avoid sending a BCL that is not issued for the company which issued the ICPO.

5- Fowjiran will not answer to the ICPOs which is not filled totally with company and banking details and has not an updated BCL in attached.

6- Issuing an ICPO with the procedure and terms means that your company has totally agreed with that procedure and terms and could not change their mind and their ICPO.

7- In ICPO buyer should mention that the ICPO issued exclusively for Fowjiran International Consortium and does not sent to any other brokers or seller.

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In the name of God Soft Corporate Offer (SCO)

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