| BITUMEN MIX CRUDE OIL 16 API COMMERCIAL OFFER |
| 1. PRODUCT: |
| a. Product : BITUMEN MIX CRUDE OIL 16 API – MEREY16 |
| b. Specification : see point 2 / anex 1 Characteristics of crude oil Merey 16 |
| c. Source : Venezuela |
| d. Quantity: 2,000,000 Bbls per month |
| e. Contract Conditions : monthly |
| f. Loading port : Jose - Offshore Platform, Venezuela |
| g. Type of sale : Free on board. (FOB). |
| h. FOB price : Brent -18 x Bbl. |
| i. Form of payment : Via MT103 Transfer 100% according to instructions from the |
| Seller- TBD |
| j. Inspection : SGS report or similar. |
| SIMPLE PROCEDURES |
| Sends icpo |
| Seller sends CI |
| Buyer signs CI |
| Seller provides ATB/Q&Q. |
| After succesfull test |
| Buyer pays and transfers ownership |
