NSN MINAS BRASIL

Commodity: DIESEL FUEL EN-590 -10PPM - S10
Specifications: As per ANP 50 resolution
Shipping terms for sale: CIF ASWP
Origin: Russia
Available Month Quantity: 900,000 M3
Contract Duration: SPOT or 12 months
Packaging: Bulk Liquid
Target price/commission: CIF ASWP BRAZIL USD 662,00 M3
Delivery: Upon agreement.
Destination: Á Designar
Inspection: SGS
Insurance: Insurance policy no. 0279820202010622000554 Argos Insurance.
Payment method: 100% in invoice issuance, according to agreed loading grid.
Supplier performance: International shipping standard
Proof of Fund Performance Guarantee: Standy-By Letter of Credit (SBLC) / Bank Guarantee (BG) of Top 10 bank or Bank Bail of Brazilian Top 10 banks.

NO ADVANCE PAYMENTS IN ANY WAY,

Procedures:
1 - The buyer issues LOI (Letter of Intent).
2 – NSN MINAS BRASIL LTDA issues SCO (Corporate Offer).
3 - The buyer returns the signed and stamped SCO.
4 – The buyer issues an ICPO (Irrevocable Corporate Purchase Order) along with an RWA or BCL.
Note: It is essential to present the RWA or BCL (Proof of Funds) to proceed with the negotiation.
5 - Seller issues FCO (Full Corporate Offer).
6 - The buyer returns the signed and stamped FCO.
7 - The buyer/distributor presents complete documentation with the authorization of the ANP.
8 - The buyer presents TSA of the terminal and authorization to grant use of the space.
9 – Seller issues the Draft Agreement.
10 - Buyer sends sblc/bg draft or BANK BAIL
11 - The seller returns the Bank Instrument with possible changes if any.
12 - The buyer's bank issues SBLC/BG (MT760) or BAIL BANKING as a guarantee for one month and sends it to the seller and the bank. The Banking Instrument must be non-transferable, irrevocable, divisible, operational, renewable and confirmed by BANCO TOP 13. Payment in cash for MT103 according to presentation of the issuance of the invoice, according to the agreed loading grid.
14 - Seller issues final purchase and sale agreement
15 - The buyer returns the draft contract signed, stamped and digitized by e-mail and will be considered SPA (Purchase and Sale Agreement), legal and official until the exchange of copies.
16– After opening the banking instrument, the seller's bank sends the POP (Product Proof) to the bank, within a maximum of 15 working days.
17 – The buyer will receive an invitation letter to accompany the shipment at the port.
18 – Within 30 days the ship will be loaded.
19 - Payment against loading documents in the Terminal.
20 - Charging release, the vehicle will only be released after the following procedure: the Invoice is issued. The Invoice is sent to the buyer to make the payment. The same returns with proof of payment checking that everything is ok (if the voucher is in accordance with the amount of nf). Being all right, the vehicle is released from the terminal to follow its destination.
21 - The sale can only be made to a fuel distributor registered with the ANP. The PDF file containing the DISTRIBUTOR's ANP record should be sent
22 - The product must be withdrawn within 15 days. After this period there will be an incidence of daily cost of demurrage.

NO ADVANCE PAYMENTS AND NO KIND OF REQUEST FOR ADVANCE COMMITMENTS,

The buyer is not responsible for any prepayment or any charge at the loading port for loading/inspection.
To prove the capability, the Buyer allowed the Soft probe into the Bank. The seller can check the bank documents issued.
Without any kind of prepayment from the buyer. All costs/fees must be included in the CIF $/M3 sales price.

SELLER'S TERMS AND CONDITIONS:

1. This irrevocable purchase order is subject to approval and final agreement by the seller and the buyer and all the terms and conditions contained herein, as well as the subsequent sales contract, including any changes or variations thereof, all of which shall be reduced in writing and signed by both parties.

2. Banking: We understand that any purchase and sale transaction, as a Seller, should be able to request reference to the buyer's bank, to the full knowledge, that we can proceed with our intention to sell. Before signing the SPA, seller and buyer must combine the BANK VERBIAGENS WITH EACH OTHER.

3. Buyer cannot accept any prepaid or advance costs and fees (certification for ministry, delivery, courier service, freight sharing, etc.).
All things must be included in the seller's offer price.

The validity of SOFT PROBE, from requesting bank references to the buyer's bank, is during the duration of the buyer's ICPO.

The buyer is aware that the ICPO issued to the seller is the only current asset and has been offered to FINAL SELLER - VIA MANDATO, for release of (FCO) FULL CORPORATE OFFER. This takes precedence over any other LOI currently in circulation for this commodity. Only Authorized Buyers and Mandates with signature and power of attorney are authorized to issue ICPO/BCL and sign all documents including Contract + Opening of L/C in favor of seller with signature and Power of Attorney are authorized to issue ICPO/BCL and sign all necessary documents, including Contract + Opening of L/C in favor of the seller.