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CIF PROCEDURE: BRENT PLATT DISCOUNT: US$8.00 Gross: US$4.00 Net: BELOW BRENT PLATT PRICE. US$4.00 Commission [US$2.00 for Buyer Agents & US$2.00 for Seller Agents - Closed] Buyer sends Letter of Intent [LOI] addressed to the Seller. Seller and Buyer sign and seal Sales/Purchase Agreement and copies sent to both parties bankers, the electronically signed copy considered legally binding and enforceable in international arbitration laws. Buyer's Corresponding bank via MT199 Pre-advice Seller's financier's bank and states its readiness, willingness and ability to swift an operative MT760 SBLC to seller's bank. Also request the seller's bank to confirm to it via MT199 its readiness, willingness and ability to receive MT760 SBLC and swift 2% performance bond (PB) to it. Seller's bank shall confirm via MT199 Pre-advice to Buyer's bank its readiness, willingness and ability to receive MT760 SBLC and swift 2% performance bond (PB) to Buyer's bank. Buyer's Bank shall swift an operative MT760 SBLC for total cargo to Seller financier's bank in Seller financier's acceptable Verbiage

Bonny Light Crude Oil: Bonny light crude oil is available from nnpc terminal on FOB/CIF/TT,we work with direct vessel loading terminal and we can offer with good price and good procedure.Contact us for more information.

Bonny Light Crude Oil (BLCO) Min 35.0 Max 37.0 (+/-5%) Maximum Quantity: 2,000,000 Barrels per Month Price: Gross USD $89.00BBL - $85.00 CIF FOB TTO Negotiated per SPA. 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.

Bonny Light Crude Oil : Nigerian Bonny Light Crude Oil - Cif Spot 2,000,000 Bbls Liftable Contract To Rotterdam And A Possible Extension Of 12 Months Cif (rotterdam) Gross $11 Usd, Net $8 Usd Bbl Nigerian Light Crude Oil Specification: Specific Gravity API Water Content BSW Pour Point Salt, LB per 1,000 bbl Total Sulfur, wt% Reid Vapor Pressure Carbon Residue, wt% VINI, PPM wt Vis, cst @ 37.8 Deg C. Yield C1-C4 wt% 0.8459 35.8 degrees, min. 0.2% Vol, max 0.6% Vol, max. Below 40 Degree F, max. 12, max 0.14, max. 6.52 PSIG, max. 1.0, max.

PROPERTY APPROX. VALUE/ RANGE SPECIFIC GRAVITY 0.8335 API 32.9 35.30 WATER CONTENT 0.36.13% VOL RSW 0.6% VOL POUR POINT +50 DEGREE F SALT. Lb, 1,000 BBI 3.16 TOTAL SULFUR, wt% 0.14% 0.16% REID VAPOUR PRESSURE 6.52 PSIG CARBON RESIDUE, wt% 1.0 V/NI, PPM WT: 2 - 3 Vis cst@37.80C 3.47 YEILD C1 - C4, wt% 2.10

Bonny light crude 1.Product: nigeria bonny light crude oil (blco) 2.Origin: nigeria 3.Quality: nnpc standard export grade. Specification gravity (api)=35.7 Density at degrees cg-cm max=0.45 Sulphur content wt, pct, max=0.14 Colour =Dark brown Salinity ptb @ 10% bsw=47 max Acid number=0.49 Reid vapour=6.25max Water and sediment content=0.2% Pct max=1.0 Iron wt, ppm =1.0 Vanadium wt, ppm=2.0 Nickel wt, ppm=4.04 Quantity: (6, 000, 000m bbls) six million barrels monthly shipment +/-10% for twelve (12) calendar months with possible extension if buyer chooses. 5.Pricing: price per barrel to seller, is fixed at $8.00/bb; (usd) bellow brent. This price jointly agreed by seller and buyer, and it is binding on this transaction, which net discount of $4.00/bb (usd) to the buyer and $1.50/bb1 (usd) to buyerµs agent/ brokers, $1.50/bb1 (usd) sellerµs agent/ brokers and $1.00(usd) to consultant/financier Net discount =$4.00 to the buyer Buyerµs agent =$1.00 Sellerµs agent =$1.00 (closed) Buyerµs fac.=$0.50 Sellerµs fac=$0.50 (closed) Consultant = $1.00 (closed) (6, 000, 000m bbls) six million barrels monthly shipment +/-10% for twelve (12) calendar months with possible extension if buyer chooses.

Name of COMMODITY / Product: BONNY LIGHT CRUDE OIL (BLCO) PRODUCT DESCRIPTION: Light Crude Oil END SELLER COMPANY: NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) Abuja/Bony Ocean Terminal, Nigeria ORIGIN: NIGERIA ONLY RWA IS NEEDED TO RECEIVE FULL POP UPFRONT IN BUYER'S NAME SHIPPING TERMS: CIF, TTO Port of delivery: CHINA, ROTTERDAM, ASWP, GHANA, ANY SAFE PORT. PRICE USD (CHINA, ROTTERDAM, ASWP, any safe international water): NWE Platt USD -$10-/BBL GROSS, USD -$6/BBL NET Discount or $10 less $4 PRICE USD (GHANA): NWE Platt USD -$12/BBL GROSS, USD -$8/BBL NET Discount. OR N50/46 NET (NIGERIA TO GHANA WATERS) PAYMENT TERMS: MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT SPECIFICATIONS: INTERNATIONAL EXPORT STANDARD PROCEDURE NNPC BONNY LIGHT CRUDE OIL (BLCO) 1. Buyer/seller signs SPA 2. Buyer returns SPA with ATB format, seamen details & RWA 3. Seller confirms RWA & load or nominate a vessels that's already in high sea or in/near China, with the full shipping docs in buyer's name. A. 1 Original and 3 Copies Clean Ocean Bill of Lading. B. 1 Original and 3 Copies of Certificate of Origin issued by NNPC C. 1 Original and 3 Copies of Certificate of Authenticity issued by NNPC D. 1 Original and 3 Copies of Masterâ??s Receipt of Samples E. 1 Original and 3 Copies for Masterâ??s Receipt of Documents F. 1 Original Tanker Ullage Report issued at loading Terminal. G. 1 Original and 3 Copies of Cargo Manifest H. 1 Original and 3 Copies of Certificate of Quantity. I. 1 Original and 3 Copies of Certificate of Quality J. 1 ATS (Authority to Sell) K. Vessel Q88 4. Buyer confirms docs in his/her name & raises MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT in favor of seller 5. Seller confirms Buyerâ??s issued SWIFT MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND and order the loaded Vessel to move to the point of discharge for announcement. NOTICE: Seller will instruct the Vessel's Master to send to Buyer or Buyer's agent ETA notice every twenty-four (24) hours, 48/24/12 hours prior to arrival at the port of discharge. N.O.R. (Notice of Readiness) is to be tendered only during working hours in China, i.e. between 08:00 and 16:00 hours.

Bonny Light Crude oil (BLCO) Quantity Bonny light crude oil (BLCO) 2 000,000 barrels (Two million barrels) +/-10% X at Sellers Option; X 12MONTH ,Shipped in one vessel per LOT . Minimum quantity of 1 million barrels. SPECIFICGRAVITY: 0.8459 API AT 60 DEG.F: Min 33.0 - Max 37.00 +/- 5%(ASTM D-1298) WATER CONTENT BY DISTILLATION: 0.2%(ASTM D-4006) POUR POINT DEGREES: BELOW 40 (ASTM D-97 SULFUR WEIGHT%: 0.14 (ASTM D-139) SALT CONTENT PARTS PER BILLION: (ASTM D-526) REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529) KINEMATIC VISCOSITY @ 30 DEG.: 2.2(ASTM D-523) DISTILLATION INITIAL BOILINGpoint (IBP): 35 DEG.C (ASTM D-86) DISTILL TO 175 DEG.C VOL.%: 35.5 DISTILL TO 250 DEG. C VOL.%: 51.5 DISTILL TO 300 DEG. C VOL%:60.5 COLOUR: Dark Brown