JP54

June 15, 2014

SOFT CORPORATE OFFER
Jet Fuel Colonial Grade 54
(Production Contracts Only)

We as Mandate, on behalf of and upon instructions from our principal supplier, hereby with full corporate authority, offer the following Russian Jet Fuel JP54 on production contract basis:

Specifications for Russian Origin Aviation Kerosene Jet Fuel Colonial Grade 54

ADDITIVES Antioxidantin hydroprocessed fuelmg/lmin					17
			Max		24
Antioxidantnon hydroprocessed fuel mg/l			max		24
Staticdissipater firstdoping ASA-3 mg/l			max		1
Stadis 450 mg/l			max		3
COMBUSTIONPROPERTIES Specific energy,net mj/kg min					18.4	D4808
Smokepoint mm min					19	D1322
Luminomitternumber min					45	D1740
Naphtalenes %vol max					3	D1840
PROPERTI UNIT MIN-MAX RESULT			TEST-IPMETHOD		ASTM
Composition
TotalAcidity	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 BoilingPointCentigrade max		Report		123		D96
10%vol atC				240
20%vol atC				Report
50%vol atC				Report
80%vol atC				Report
End point Centigrade max				300
Ricoveredrecidules %vol,max				1.5
Loss %vol,max				1.5
Flesh PointCentigrade max				42		170/303 D56/3828
Densityat15C Kg/m2 min/max				776/840		180/385 D1298
LOW TEMPERATURES PROPERTIES
Freezing PointCentigrade max				-40 15		D2256
CORROSION
Corrosion,copper(2hrs at100C)	max		1		154		D130
Corrosion,silver (4hrs at50C)	max		1		227
STABILITY
Thermalstabilitycontrol,Temp.280C			323
Filter pressure,differentialmm.Hg	max		25
Tubedepositrating(visual)	max		<3
CONTAMINATIONS
ExistentGum mg/100ml	max		7		131		D361
Waterreacoin,interface rating max			16		258		D1084
Fuel with staticdissipatoradditives	min75						D3648
Fuel withoutstaticdissipator additive	min85
CONDUCITY
Electricalconductivity p3/m			Report

Quantity Available: 1,000,000Barrels – 10,000,000Barrels per month x 12 month or more.

Price: Fixed price $90.00 per Barrel CIF Rotterdam, Houston or ASWP

Payment: By Transferable Bank Guarantee (BG) or Transferable Standby Letter of Credit (SBLC) issued by a 100 top-rated international bank. Payment is made after arrival of goods by T/T MT103 or MT103 Field 23 within 5 days.

Payment instrument shall have the clause „Partial Shipments and Partial Drawings permitted“ negotiable at the counters of the Seller’s nominated bank against presentation of documentations.

Performance Bond: Upon receiving RWA notification from Buyer’s bank and followed by receipt of the Buyer’s Non-Operative BG or Non-Operative SBLC via MT760 at Seller’s fiduciary bank, Seller’s bank issues 2% operative PB to activate the BG or SBLC.

Procedure (Non-Negotiable):

1. Buyer confirms soft offer and after accepting all terms and procedure, issues ICPO with full banking and Company details addressed to “End Seller” c/o International Product Alliance Ltd., with a letter stating Buyers acceptance and readiness to proceed with the transaction.
2. Seller issues FCO with seller information. Buyer to conduct Due Diligence as required. Buyer signs, seals and returns FCO to Seller.

3. Seller issues draft SPA, subject to minor Buyer amendments and revisions. Buyer signs, seals and returns SPA in Word Format to Seller for counter-signing.

4. Seller confirms, approves and electronically signs and seals SPA along with NCNDA/IMFPA as the final contract.

5. Buyer sends to Seller draft of bank to-be-issued documents so Seller can pre-arrange with fiduciary and fiduciary bank of the coming bank communication. Or buyer sends a copy of the sent bank to bank communication to the Seller immediately after it has been formally sent to ensure follow up by fiduciary bank.

6. Seller and Buyer notifies their respective bank of the impending bank to bank communication.

7. Buyer initiates communication with seller’s nominated fiduciary bank via SWIFT that buyer is ready to issue Non-Operative, Transferable BG or SBLC via MT760. Upon acknowledgement from Seller’s fiduciary bank that it is ready to receive, Buyer issues the non- operative BG or SBLC via MT760.

8. Within 5 business days, Seller or seller’s refinery issues partial refinery POP documents for verification and authentication as follows:

- Copy of License to Export.
- Copy of Approval to Export
- Copy of Statement of Availability of the Product.
- Copy of the Refinery Commitment to Produce the Product.

9. Buyer conducts due diligence as necessary to verify and authenticate to achieve his own level of comfort before proceeding further.

10. Upon buyer’s instructions to proceed, Seller’s fiduciary bank on receipt of the Non- Operative Bank instrument, issues 2% operative Performance Bond MT760 to activate the non-operative BG or SBLC.

11. Buyer’s bank on receipt of the operative 2%PB, reciprocates by activating or issuing the operative transferable SBLC/BG to seller’s fiduciary bank via MT760.
.
12. Within 11 eleven working days in receipt and acceptance of the operative bank instrument, seller submits remainder of product soft POP to Buyer, and both parties lodge the contract with their respective banks:
- Copy of Deeds/Title Ownership
- Copy of Origin (Representing the Allocation and Resource Number, Reference
- Number of POP, Authority Number, Name of Loading port with Contract Number)
- Product Analytic report (Indigenous Survey Company).
- Vessel Bill of Lading, Vessel Notice of Readiness, Authority to Board (ATB) and Estimate Time of Vessel Arrival (ETA)
- Product Performa Invoice, SGS and Tank Receipt

13. Product is loaded and shipped for delivery.
14. After successful Dip Test and Q&Q, by Buyer and full documents to Buyer, Buyer releases payment by wire transfer (MT103) to the Seller and out-turn shipment delivered per slot via SWIFT fund transfer after uploading.

This offer expires 15 days from the date of issue and must be reconfirmed with us prior to proceeding if you received this offer aftere the expiry date. This SCO offer is subject to prior sale.