WOLMTRADE JP54&D2

COMMODITY: JP54 Colonial Grade Jet Fuel
SPECIFICATIONS: In contract.
QUANTITY: 2M bbl Spot at Novorossiysk and Vladivostok (1M bbls. each port) CI, Dip & Pay rolling
into 12 month contract at 5,000,000k bbl per month.
PRICE: $..../..... BBL
INSPECTION: SGS (only)
ORIGIN: RUSSIA
DOCUMENTS: As per Contract
INCOTERMS 2010: FOB Rotterdam.

PROCEDURES for 2M bbls. SPOT trial lift.
1. Buyer issues ICPO addressed to the end-Seller.
2. Seller issues CI with DTA.
3. After successful dip test Buyer pays for liftable product with MT103.
4. Title transfers simultaneously bank to bank.
5. Delivery commences.
Procedures for 12 month contract:
1. Buyer issues Irrevocable Corporate Purchase Order (ICPO)
2. Seller issues the draft contract for review and endorsement by all parties.
3. Buyer issues IDRLC for the next month’s delivery.
4. Seller bank swift Operative 2% performance bond.
5. Thereafter each month Seller issues Proof of Product as listed below:
A. Certificate of Origin
B. Product Passport (Dip Test Result)
C. Tank Receipts
D. DTA to be conducted by SGS or Sabolt or any other organization based on the Buyer's choice
6. Buyer and Seller, Bank to Bank, exchange transfer of ownership documents against funds to
purchase the 4,000,000 bbl. of JP54.
Note: Seller is responsible to pay any and all fee Note: Seller is responsible to pay any and all fee sponsible to pay any and all fees associated with t s associated with this
transaction to the point of loading Buyer’s vessel transaction to the point of loading Buyer’s vessel to the point of loading Buyer’s vessel.