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Gas Depot, S.A.

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D2 Russian High Speed Diesel CIF ASWP 1.• 50,001 MT up to 100,000 MT x 12, USD $520 gross / USD $510 net per metric ton, CIF 1.• 100,001 MT up to 200,000 MT x 12, USD $510 gross / USD $500 net per metric ton, CIF 1.• 200,001 MT up to 500,000 MT x 12, USD $500 gross / USD $490 net per metric ton, CIF 1.• 500,001 MT up to 1,000,000 MT x 12, USD $490 gross / USD $480 net per metric ton, CIF D2 SPOT: Deal FOB ROTTERDAM OR CIF HOUSTON – SAME PRICE • Quantity 10 Millions MT USD 550/540 • Quantity 20 Millions MT USD 545/535 • Quantity 30 Millions MT USD 540/530 • Quantity 40 Millions MT USD 535/525 • Quantity 50 Millions MT USD 530/520 BANK INSTRUMENT: RDLC PAYMENT INSTRUMENT One Time Transferable RDLC payable 100% at sight against relevant loading shipping documents. L/C will be issued or confirmed by Top 25 Prime World Bank, Western European, UK or United States based. PROCEDURES (1) 1. Buyer issues LOI with Full banking information and soft probe authorization. 2. Seller provides Buyer with Full Corporate Offer (FCO) and detailed Specifications. 3. Buyer signs FCO and sends ICPO with POF MT799 by SWIFT (Annex "A''). 4. Seller provides Buyer POP Confirmation via SWIFT (MT799). 5. Buyer and Seller sign Contract. 6. Buyer's Bank issues Pre-Advice L/C to Seller's Bank. 7. Seller issues the Full POP for Buyer's verification. 8. Buyer's Bank issues the Non-Operative One Time Transferable RDLC. 9. Seller's Bank issues the 2% Performance Bond (PB) which will automatically activate the RDLC. 10. Delivery commences as per schedule. There is another procedure, please ask for it

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