Georgian Oil

RUSSIA EXPORT BLEND CRUDE OIL GOST 51858 Requirement from Buyer is a Mast to answer your inquiries. 1. PRODUCT: 2. QUANTITY: 3. DESTINATION: 4. TERM CONTRACT Only ): 5. PAYMENT TERM: 6. TARGET PRICE: 7.Letter of Intent (LOI)

PRODUCT: HEAVY EXPORT CRUDE OIL Price CIF ASWP: Gross US $48 / Net $42 Price FOB Rotterdam: Gross US $46 / Net $40 FIRST TRIAL LIFT: 2,000, 000 BBLs SUBSEQUENT TRANCHE: 5,000,000 MT BI-WEEKLY PER MONTH X 12 MONTHS WITH POSSIBLE 60 MONTHS SUBJECT TO CONFIRMATION. QUANTITY: Min 1,000,000 BBLs / Max 10,000,000 BBLs

Maximum Quantity: 2,000,000 Barrels per Month CIF Price: Gross USD $64.00 / USD $62.00 NET on CIF FOB Price: Gross USD $62.00 / USD $60.00 NET on TERMS OF NEGOTIATION ORIGIN: FEDERAL REPUBLIC OF NIGERIA INCOTERMS: CIF/FOB/TTO LOADING TERMINAL: GULF OF GUINEA / FORCADOS PAYMENT TERMS: SBLC-MT760, MT103 PERFORMANCE BOND: 2% PB CONTRACT TERM: 12 MONTHS MINIMUM (WITH ROLLS AND EXTENSIONS) INSPECTION: SGS, CIQ OR SIMILAR COMMISSION: STRUCTURED NCNDA/IMFPA FOB ROTTERDAM TANK TAKEOVER (SELLER TANK EXTENSION) 1. Buyer sends ICPO in line with seller working procedures 2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity. 3. Upon receipt and review of the signed C.I., Seller sends to the buyer detailed information of Tank Storage facility where the product is stored for buyer to contact and extend the tank for at least a minimum of three (3) days. 4. Upon confirmation of Buyer's tank tension from seller's tank farm, Seller submits to by an Unconditional Dip Test Authorization (UDTA) along with the below full POP documents: - SGS report, Pre- Injection Report, Commitment Letter to Supply Authorization to sell & collect. 5. Buyer appoints their testing teams SGS or Equivalent to vessel. dip test in seller tank before injection to the buyer's vessel or conduct test upon injection completion into the buyer's vessel to ascertain the Quality and Quantity injected to the vessel. 6. Upon successful completion into buyers tanker, Seller issues payment invoice for Buyer to pay for the product value 7. Seller issues Tittle ownership documents to buyer upon confirmation of buyer payment. NCNDA/IMFPA sign and seal by all intermediaries connected in the transaction. 8. Seller within 24 hours upon receipt of the buyer's payment pays commission to all intermediaries involved in the transaction.

Export Blend Crude Oil PRICE: USD 70.00 Per Barrel. Min order of 10,000-3Million Barrels per month

EXPORT BLEND CRUDE Minimum Quantity: 10,000 Barrels per Month Maximum Quantity: 3,000,000 Barrels per Month CIF Price: Gross USD $87.00BBL / Net USD $85.00 FOB Price: Gross USD $83.00BBL / Net USD $81.00

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Minimum Quantity: 100,000 Barrels Maximum Quantity: 2,000,000 Barrels

GOST 9965-76

(REBCO) RUSIAN EXPORT BLEND CRUDE OIL /LCO / ESPO Quantity Minimum 500.000 BBL Maximum 10.000.000 BBL X MONTH with R/E. Price - $42 / 40USD Gross/Net ,per BBL CIF ASWP Price - USD 36 / 34 $ per bbl On FOB Basis : Novorossiysk/Vladivostok/Rotterdam/ Primorsk