OFFER

CRUDE OIL ALLOCATIONS
AVAILABLE
bonny light
crude oil
Dear sir

Acting on behalf of the principle seller,I do issue this pro-formal offer for the sales of bonny light
crude oil based on condition herein. commodity bonny light crude oil,
Quatity--1000000,barrel( negotiable) per month.Delivery fob( at convinent port)__or preferable 40-60 nautical miles of
the coast of Nigeria.

Price of commodities: $7 below brent,$4,net to buyer,$1 to buyer`s broker/agent.

Protocol: Signing of sales and purchaseof agreements and exchange,banking details between buyer and seller,buyer produces mother vessel particulars and charter party agreement for sellers confirmation.seller produces
shuttle vessel detail for buyer's confirmation.Buyer's bank issues payment undertaking and letter of comfort to seller's bank. Seller
loads shuttle,sails to the agreed port of delivery and longsides with mother vessel.Q and Q test follows by inspectors approved by both buyer and seller.
Transfer of cargo and transhipment to buyer's vessel payment follows immediately by swift transfer to seller's and brokers
involved account simultaneously. Please,should you be or have any interested buyer in these,revert immediately for further discussions
Thanks
James.A.A.Ezendu

3.1.2004

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