JC Crosby & Son World Trade

Products

	Automotive Oil

SOFT OFFER

Dear Sir,

We as the Seller � s agents, confirm that our client is in position to conclude a Sales contract of SAUDI LIGHT CRUDE OIL, under terms and conditions as described below.

ARAMCO
SAUDI ARABIA OFFERS

AVAILABLE SHARES:

4.000.000 BBLS PER MONTH UNTIL TO 60 MONTHS
6.000.000 BBLS PER MONTH UNTIL TO 60 MONTHS
10.000.000 BBLS PER MONTH UNTIL TO 60 MONTHS
30.000.000 BBLS PER MONTH UNTIL TO 60 MONTHS

ALL THESE PRODUCTOS HAVE PRINCE ALOCATION

TERM AND CONDITION:

1. COMODITY: SAUDI LIGHT CRUDE OIL (PRINCE ALLOCATIONS).
2. ORIGIN: SAUDI ARABIA.

3. SPECIFICATIONS:

TO BE ADVISED IN FULL, STANDARD EXPORT QUALITY AS

AVAILABLE AT THE LOADING TERMINAL AT THE TIME OF LOADING SEE THE FOLLOWING:

API 33-34
SEDIMENT CONTENT 0.1
ASTM STABILISED GRAVITY 34.5
WAX-WT PEERCENT 2.9
VADIUM PPM V200 11.0
GROSS HEATING VALUE 19.23
REID VAPOUR PRRESSURE 2.0
SALT CONTENT,PPM BACK 3.8
SULPHUR, WT PERCENT 1.5 MAX
ASH, PPM 1.0
COPM CARBON RESIDUE, WT
PERCENT 3.1
VISCOSITY, CP 55.0
POUR POINT 35.0

4. INSPECTION: BAY SABOLTS OR SGS QUALITY AND CUANTITY LOADED IN BUYER�S TANKERS.

5. DELIVERY TERMS AND LOADING PORT: F. O. B. RASTANORAH SEAPORT SAUDI. ARABIA.

6. CONTRACT DURATION: 60 MONTHS WITH POSSIBLE EXTENTIONS.

7. PAYMENT: BY AN IRREVOCABLE, REVOLVING, CONFIRM DL/C ISSUE BY PRIME WORLD.

BANK OPENED TO HE SELLER BANK IN FORMAT ACCEPTABLE TO
THE SELLER PAYABLE.

- PER EACH LIFTED CARGO 100% AT SIGHT AFTER EACH
LOADING OF THE BUYER�S

TANKERS LOADED, AGAINST PRESENTATION OF THE REQUIRED
SHIPPING DOCUMENTS.

- INCLUDING THE SUPERINTENDING CERTIFICATES

AUTHORIZATION LETTER

TO:

Att:

We are��.

We are here authorizing DANIA AL � ANOUD FOR TRADING Co. Which represented by H.R.H. PRINCES REEM BIN FAISAL BIN SAUD AL SAUD To allocate and negotiate with ARAMCO K.S.A. for purchasing qty.Up to 00 mbbl/ month for period of 60 months of Saudi light Crude Oil (SLCO) on behalf of us.

Refinery name:

Refinery code:

NOTE:

THE BUYER COMPANY WILL BE REGISTRATED IN ARAMCO.

ANEX:

PASSPORT OF PRESIDENT O LEGAL REPRESENTATIVE OF BUYEER COMPANY

PROCEDURE FOR THE NEGOTIATION:

1. THE REFINERY HAS TO BE REGISTERED IN ARAMCO
2. EMIT THE LOI TO ARAMCO. WITH THEIR RESPECTIVE BCL.
3. LETTER OF AUTHORIZATION, PROPERLY NOTARIZED. (SEE MODEL ANNEXED)
4. ANNEX COLOR COPIES OF THE PRESIDENT'S PASSPORT OR LEGAL REPRESENTATIVE OF THE COMPANY BUYER. AFTER THIS IN 48 HOURS APPROXIMATELY IS GRANTED THE FORMAL INVITATION, WITH VISA AND ALL THAT RELATED FOR THE ENTRANCE AND EXIT OF THE BUYERS IN SAUDI ARABIA, WITH THE REAL STAMP OF THE PRINCIPALITY.
1. ONCE COVERED THE PREVIOUS STEPS, YOU WILL GIVE TO THE BUYER A COPIE OR DRAFT OF THE HARD CONTRACT FOR THEIR ANALYSIS OR POSSIBLE OBSERVATIONS.
2. THE NCND AND FPA ARE SIGNED DIRECTLY IN THE PRINCE'S OFFICE IN THE CITY OF EGYPT.
3. ONCE SIGNED THE DOCUMENTS NCND AND FPA, IMMEDIATELY, MOVED TO SAUDI ARABIA TO SIGN THE HARD CONTRACT IN THE MAIN OFFICE OF ARAMCO:

A) MANAGEMENT TRADE AND SUPPLY OF ARAMCO.

DISCOUNT: 3 USD
REFINERY: 2 USD
ROYALTY OF PRINCE: 0.50 USD
SELLER SIDE: 0.25 USD (CLOSED)
BUYER SIDE: 0.15 USD (CLOSED) 0.10 USD OFICINA DE CARACAS

PROCEDURE TO APPLY FOR OIL OR PRODUCT CONTRACT

1st STEP

Prepare a letter of intention to ARAMCO; it could be notarized at the buyer company country.

Prepare the authorization letter for the legal representative. It also must be notarized.

Prepare the authorization letter to: Dania Al Anaoud Co. att: H.R.H. Prince Reem Bint Faisal Bin Saud Al Saud as the trading company. This letter must be notarized in the buyer company country.

Note: Each letter will be attached with an authorization letter notarized for the final buyer.

2nd STEP

Prepare the IFPA of Venezuela, to be presented in the Egypt Embassy in Venezuela. The other IFPA will be Prepared in Egypt.

3rd STEP

Send a full color copy of passport of people that represent the company it is necessary for inviting these persons, to go to Saudi Arabia.

4th STEP

Review and comment the draft of contract prepared in advance by Dania Al Anoud Trading Co. before traveling to Egypt for the closing. In the mean time Dania Al Anoud Co. wil check bank coordinates and qualifications (BCL)

DISCOUNT FOR CRUDE OIL (per barrel)

Total Discount: 3 USD braked down as follow:
Discount to Refinery: 2 USD
Royalty of Prince: 0.50 USD
Seller Side: 0.25 USD (closed)
Buyer Side: 0.25 USD (closed)

DISCOUNT FOR DIESEL AND JET FUEL

(As a percentage of metric tons)

Total Discount 5%
Final Buyer 3%
Royalty of Prince: 1%
Egypt Seller: 0.5%
0.5% USD (closed)
JAMES CROSBY