Bitumen Mix Crude Oil 16° API MEREY16

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BITUMEN MIX CRUDE OIL 16 API COMMERCIAL OFFER

1. PRODUCT:

a. Product : BITUMEN MIX CRUDE OIL 16 API – MEREY16

b. Specification : see point 2 / anex 1 Characteristics of crude oil Merey 16

c. Source : Venezuela

d. Quantity: 2,000,000 Bbls per month

e. Contract Conditions : monthly

f. Loading port : Jose - Offshore Platform, Venezuela

g. Type of sale : Free on board. (FOB).

h. FOB price : Brent -18 x Bbl.

i. Form of payment : Via MT103 Transfer 100% according to instructions from the

Seller- TBD

j. Inspection : SGS report or similar.

SIMPLE PROCEDURES

Sends icpo

Seller sends CI

Buyer signs CI

Seller provides ATB/Q&Q.

After succesfull test

Buyer pays and transfers ownership

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