TOP Petroleum Inc.

D2/6

D2 - DIESEL CONTRACT

150,000MTX12

D2 Contract
150,000MT per month X 12
Origin : Venezuela
Buyer issue LOI
Then, refinery will issue SCO (including price, spec)
PAYMENT GUARANTEE : BG - SBLC
PAYMENT TERMS : BY T-T AFTER SGS or CIQ INSPECTION AT UNLOADING PORT.
Note : Buyer allow visit refinery.
Money available by (BG) Bank Guarantee and payment only after SGS or CIQ inspection at unloading port.
contract will INCLUDE the following.
OUR SALES AND PURCHASE AGREEMENT CARRIES PENALTY CLAUSE AGAINST ANY EVENT OF NON-PERFORMANCE DEMONSTRATED BY EITHER BUYER OR SELLER. HOWEVER, THE PENALTY CLAUSE WILL BECOME EFFECTIVE ACCORDING TO PROPOSED TERMS AND CONDITIONS IN THE CONTRACT ONCE BOTH PARTIES HAVE SIGNED THE CONTRACT.

CIF P.O.A. FIXED