Country of Origin: Russia

Price is subject to market, net / gross CIF CHINESE PORT

Quality and Specification	: As attached

Contract Term	: One month trial shipment of 100,000 mt, and followed by contract of 12 month up to 200,000 mt per month with R& E

Term of Delivery : CIF Duty Free Storage Tanks at main port in China / other AWSP

Loading Port: Vladivostok/Novorossiysk/ or any available Russian port.

Payment	: BG, SBLC via MT760, DLC via MT 700 issued by first class bank 100% by TT/MT103

Inspection: Q & Q test report will be conducted at the loading port by SGS or equivalent at the expense of seller and at buyer's charge at discharge port.

Performance Bond: 2% PB to be issued by Seller's bank in favor of the Buyer.