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UANTITY: Total 1,200,000,000 (One Billion Two
Hundred Million) barrels MONTHLY QUANTITIES : 20,000,000 (Twenty
Million) barrels with a variation of +/- 5% (Plus /Minus Five Percent at
Seller's option
CONTRACT: 60 months contract
PRICE : CIF Med. Basis Genoa/Lavera Europe
Markets can wire publications with the heading 'Cargoes CIF Med
Genova/Lavera' against jet fuel Oil JP1A (GP 54)
DISCOUNT: Gross USD $0.045 per gallon
Net...USD$0.040 per gallon
COMMISSION: USD .0025 per gallon for Buyer's side
USD .0025 per gallon for Seller's side
PAYMENT:
By Irrevocable, Confirmed, Transferable, Assignable, Revolving,
Documentary Letter of Credit (DLC) to be issued by top rated
International Bank. DLC should be automatically revolving per each
monthly shipment until completion of the contractual period..
DELIVERY : CIF Any Safe World Port
INSPECTION : Mutually agreed First Class
Independent Surveyor Company
PERFORMANCE BOND: 2%
By Seller from First Fifteen Prime Bank