Crude Oil & Derivatives

Corenet Associates Limited embodies an exciting vision of worldwide trade through the development of a long-term professional relationship. our exclusive policy is to help potential genuine clients who are in need of their goods to purchase.

 SOFT OFFER

SLCO : ARAMCO 50.000.000 million bbl per month X 12, with R & E to 60 months

Discount: FOB 6/3 payment: RDLC.

Discount: FOB 8/5 payment: 1 month BG.

Discount: FOB 10/7 payment: 2 months BG.

Discount: FOB 12/9 payment: 3 months BG.

CIF 11/8 ASWP (NOTES) payment 1 month bank guarentee quantity 50.000.000 bbl X 12 with R & E to 60 months. PRICES GOOD UP UNTIL APRIL 2008

Soft Offer will be issued upon requestfor the above.

SOFT OFFER

Product: Saudi Light Crude Oil (STANDARD Export Quantity)

Origin: Saudi Arabia

API GRAVITY 33-34

SEDIMENT CONTENT 0.1

ASTM STABILISED CRAVITY 34.5

WAX WT PERCENT 2.9

VANADIUM PPM V-200 11.0

GROSS HEATING VALUR 19.23

SALT CONTENT, PPM Nacl 3.8

SULPHAR, WT PERCENT 1.5 MAX

ASH PPM 100.0

COMP. CARBON RESIDUE, WT PERCENT 3.1

VISCOSITY, CP 55.0

POUR POINT 35.0

Quantity: 2.000.000-60.000.0000 Barrels per monthly shipment(s) for for each product with  Positive or Negative Tolerence of Five Percent (+/-5%)

Duration: 12 months (Twelve Moths) with possible rolls & Extensions.

Delivery Term: CIF

Price CIF: The price shall be determined to the average of 3 (Three) days around the B/L date (the day before, the day of bill of lading and the day after), under the Heading of DUBAI PLATT'S OIL MARKET WITE PUBLISHED POSTED PRICE.

Discount: Gross$6 / Net$3

Payment: The payment for each cargo. Irrevocable, Transferable, Revolving, Confirmed, RDLC to the value of one month's shipments, value confirmed by World Top 25 Prime Banks and Revolving for the entire period

Performance Bond: 2% performance bond will be issued by a top US Bank acceptable to the buyer and sent.

Cargo Size: To Be Negotiable

Inspection: Societe Generale de Surveillence (SGS) or equivalent survillance company certificates, at sellers option, verifying timely delivery, specifications,CIF delivered quantities as per Agreement. the inspection costs to be paid by seller or ARAMCO. Tests (IP) for quality shall be made according to the lastest standard method (ASTM

Commission: Royalty USD$1 bbl (Closed) Seller's Side USD$1 bbl (CLOSED) Buyer's Side USD$1 (Open)

Procedures:

1. Buyer issues LOI

2. Seller issues FCO

3. Buyer sends back signed and sealed FCO and then issues ICPO

4. Buyer's bank issues BCL to sellers bank

5. Seller's bank issues POP to buyer's bank

6. Seller's issues draft contract on terms and conditions

7. Buyer;s bank issue L/C to seller's bank

In order to issue an accurate account (FCO) we need a detailed Buyer's Letter Of Intent (LOI) .FCO will not be issued until buyer issues LOI.