PETROLEUM - ALSO KNOWN AS CRUDE OIL

PETROLEUM

Crude Oil API 30, API 16 (Crude Oil = Crude Oil)

API Gravity

API (American Petroleum Institute) gravity is a commonly used index of the density of a crude oil or refined product.

Crude Oil

Petroleum, also known as: Crude Oil

Crude Oil is a natural mixture of Liquid Hydrocarbons.

In its natural state, Crude Oil has few direct uses.

However, when processed through an oil refinery, it can be transformed into a wide variety of high-value liquid petroleum products, such as gasoline and diesel.

The value of these products comes from their high energy density in their liquid state, making them ideal as transportation fuels.

Crude oil comes in hundreds of different varieties, called crude grades.

As a natural raw material, crude oil from different fields and deposits can have very different properties.

Raw grades from the same location with similar properties will typically be referred to as a single grade.

Examples of some well-known crude oil grades are: Brent, Tapis and WTI.

There are a wide variety of different properties used to distinguish between raw grades. These are detailed in a chemical analysis of the crude oil called a crude test.

We, the Board of Directors of the Limited Liability Society "GBS-NET, LLC.", With an established legal entity and operates under the direction of the Kazakhstan Petrochemical Refinery, acting as an intermediary, agent, therefore we declare and we confirm with full legal and corporate responsibility and under penalty of perjury that our supplier is ready, willing and in a position to supply the following refined petrochemical products and without refine according to the terms and conditions indicated below.

Our seller has enough funds, as well as all the permits and export licenses necessary to comply with this purchase obligation.

AVAILABLE PRODUCTS

CORPORATE OFFER:

Trading Mode: FOB (FREE ON BOARD) TTO (TITTLE TAKE OVER) & CIF (COST OF INSURANCE AND FREIGHT)

COMMODITY LIST, PRICES, AND WORKING PROCEDURES:

LIQUEFIED NATURAL GAS (LNG)

Minimum Quantity: 50,000 Metric Tons Per Month

Maximum Quantity: 500,000 Metric Tons Per Month

CIF Price: Per MT

FOB Price: Per MT

UREA 46% GRANULATED AND PRILLLED

Minimum Quantity: 50,000 Metric Tons Per Month

Maximum Quantity: 500,000 Metric Tons per Month

CIF Price: Per MT

EASTERN SIBERIA-PACIFIC OCEAN OIL (ESPO)

Minimum Quantity: 1,000,000 Per Barrel Per Month

Maximum Quantity: 5,000,000 Per Barrel Per Month

FOB Price: Per Barrel

PETROLEUM COKE

Minimum Quantity: 50,000 Metric Tons Per Month

Maximum Quantity: 500,000 Metric Tons Per Month

CIF Price: Per MT

ULTRA LOW SULPHUR DIESEL EN590 (10PPM)

Minimum Quantity: 100,000 Metric Tons Per Month

Maximum Quantity: 500,000 Metric Tons Per Month

CIF Price: Per MT

FOB Price: Per MT

AVIATION FUEL (JET A-1)

Minimum Quantity: 2,000,000 Barrels per Month

Maximum Quantity: 5,000,000 Barrels per Month

CIF Price: Per Barrel

FOB Price: Per Barrel

D6 VIGIN FUEL OIL

Minimum Quantity: 100,000,000 Gallons Per Month

Maximum Quantity: 800,000,000 Gallons Per Month

CIF Price: Per Gallon

FOB Price: Per Gallon

CST-180 FUEL OIL

Minimum Quantity: 50,000 Metric Tons Per Month

Maximum Quantity: 200,000 Metric Tons Per Month

CIF Price: Per MT

FOB Price: Per MT

DIESEL-GAS OIL L0.2-62 GOST 305-82 (D2)

Minimum Quantity: 50-100,000.00 TM Per Month

Maximum Quantity: 100-200,000.00 TM Per Month

CIF Price: Per TM

FOB Price: Per TM

EASTERN SIBERIAN PACIFIC OCEAN CRUDE OIL (ESPO)

Minimum Quantity: 1,000,000 BBLS

Maximum Quantity: 2,000,000 BBLS

CIF Price: Per BBL

FOB Price: Per BBL

LIGHT CYCLE OIL (LCO)

Minimum Quantity: 50,000.00 MT Per Month

Maximum Quantity: 400,000.00 MT Per Month

CIF Price: Per MT

BITUMEN GRADE 40/50, 60/70, 80/100

Minimum Quantity: 50,000 Metric Tons per Month

Maximum Quantity: 500,000 Metric Tons per Month

CIF Price: Per TM

HEAVY FUEL OIL (HFO)

Available Quantity: 500,000 MT

CIF price: Per MT

Loading Port: Vladivostok / Novorossiysk / Vyborg / Vanino / Kozmino / Atyrau

BASE OIL SN 150

Available quantity: 500,000 MT

CIF price: Per MT

Loading port: Vladivostok / Novorossiysk / Vyborg / Vanimo / Kozmino / Atyrau

FOB TANK TO TANK PROCEDURE

1. Buyer issues an official irrevocable corporate purchase order (ICPO) with the seller's procedure incorporated therein.

2. Seller receives and verifies the buyer's ICPO and issues the commercial invoice (CI) to the seller, along with the buyer's tank storage agreement (TSA) from the buyer's logistics company.

3. Buyer reviews, endorses, and returns the endorsed commercial invoice (CI) to the seller, along with the buyer's tank storage agreement (TSA) from the buyer's logistics company.

4. Seller verifies the tank storage agreement (TSA) provided by the buyer. Upon successful verification and approval of the authenticity and availability of the storage facility in favor

of the buyer, the seller sends the following POP documents directly to the end buyer's secure email.

a) Legalized commercial invoice

b) Injection report

c) Commitment to Supply

d) Fresh SGS (not older than 48 hours)

e) ATS - Authorization to Sell and Collect

f) Authorization to Verify (ATV)

g) Immersion Test Authorization (DTA)

h) Letter of Commitment to Supply

i) Export License

j) Declaration of Product Availability

k) Tank Storage Receipt (TSR) with barcode and GPS coordinates

l) NCNDA/IMFPA

5. Buyer conducts an immersion test on the product at the seller's warehouse

6. Buyer grants Authorization to Inject (ATI) from its logistics company to allow the seller to start injecting the product into the buyer's tank

7. Within twenty-four (24) hours of completion of injection, buyer makes payment for the total cost of the product injected into the buyer's tank by TT bank transfer to the seller's nominated bank account

8. Seller transfers title ownership to the buyer

9. Seller pays commission to all buyers Intermediaries

Note: Our supply will be based on the product specification attached above. No aspect of this procedure nor the price of the product should/shall/can be changed when issuing the ICPO and commercial invoice. In case of non-compliance with the terms and conditions set out herein, the other party has the right to take legal action against the offender. It is recommended to discuss the matter before the signing of the contract; after the signing of the contract, no negotiation will be accepted.

FOB (TANK TO SHIP) TRANSACTION PROCEDURE

1. Buyer sends ICPO with Letter of Acceptance, Certificate of Company Registration along with Buyer's Charter Party Agreement (CPA) from its logistics as proof of storage availability and readiness

2. Seller issues a commercial invoice for the quantity available in the storage tank to the buyer

3. Once the logistics buyer signs the Tank to Ship Injection Agreement (TTVIA), the seller delivers it to the buyer, along with the other PPOP, at the buyer's designated tank depot office in Singapore, and exchanges with the buyer's TTVIA document along with the following PPOP documents:

a) 48-hour fresh SGS in buyer's name

b) Letter of Guarantee

c) Product Passport

d) Injection Report

e) Unconditional DTA

f) Product Availability Declaration

4. Seller issues a completed DTA and a 5-day valid Tank Storage Receipt to the buyer, buyer instructs SGS to carry out the transaction. an immersion test of the product in the seller's tank at the buyer's expense and sends the injection report to the buyer

5. Once the immersion test is successful, the seller injects the fuel into the buyer's container and sends the buyer the complete injection report

6. Buyer makes 100% payment via bank transfer MT103 TT for the total product to seller's bank account and seller pays commission to all intermediaries involved in the transaction within 24 hours.

CIF TRANSACTION PROCEDURES (BANK GUARANTEE BASIS)

1. Buyer company issues an irrevocable corporate purchase order (ICPO) on official company letterhead with acknowledgement letter, scanned copies of buyer company registration and buyer’s international passport number to seller.

2. Seller company issues draft contract/sale agreement (SPA is open to amendments, if any)

3. Buyer signs the SPA within three (3) business days and returns it to seller. The seller registers and legalizes the contract officially with the relevant authorities to facilitate the reservation of the assignment and to ensure legitimate approval for the transfer of title/assignment to the name of the buyer's company at the seller's expense

4. The seller provides the buyer with the partial POP documents as indicated below:

a) Copy of the Tax Registration Certificate (Certificate of Incorporation)

b) Copy of the Certificate of Origin

c) Certified Product Passport

d) Copy of the Refinery Supply Commitment

e) Copy of the Product Availability Declaration

f) Copy of the Proforma Invoice

5. Buyer issues his financial guarantee in the form of Standby Letter of Credit (SBLC MT706) to cover the first shipment to the seller's trust bank within five (5) business days.

6. If the buyer fails to issue the SBLC MT760 within five (5) business days, he will alternatively be required to make a security deposit of ($us465,000). Wire transfer to the seller's designated bank to enable him to secure the vessel service. Note: The fee paid by the buyer will be deducted upon making payment for the total cost of the product at the port of discharge after successful CIQ/SGS TEST AT PORT OF DISCHARGE.

7. Upon confirmation of the above clause, the seller's bank issues 2% PB, full copies of POP and shipping documents to the buyer company.

a) Copy of export license, issued by the Ministry of Petroleum and Energy b) Copy of export authorization, issued by the Ministry of Justice c) Copy of product availability declaration

d) Copy of refinery commitment

e) Copy of Transnet contract to transport product to port

f) Copy of port storage/insurance contract

g) Copy of charter party agreement

h) Copy of customs clearance certificate

i) Copy of bank receipt issued by storage facilitator

j) Copy of SGS report

8. Shipment commences as per contract and upon vessel arrival at port of discharge, buyer conducts SGS or CIQ inspection

9. Buyer makes operational payment for full shipment via bank transfer or MT103

10. The seller will make payments to the intermediaries involved within 40 hours after receiving the full payment of the product from the buyer's bank after successful delivery of the first monthly shipment of the product.

11. The buyer transfers the full amount of the next month's delivery to maintain the 100% SBLC MT760 standby letter of credit and the contract continues.

12. During the next eleven (11) months subject to this contract

CIF TITLE OF PROCEDURE TAKEOVER (TTO)

1. Buyer issues an irrevocable corporate purchase order ICPO with seller's procedures

2. Seller issues an original MOU for buyer to review and approve

3. Upon receiving the countersigned MOU from buyer, seller emails buyer the following PPOP and receiving documents:

a) Copy of certificate of origin

b) Copy of company export license

c) Copy of product passport (analysis result)

d) Copy of ullage report

e) Copy of cargo manifest

f) Copy of bill of lading

g) Copy of vessel's Q88

h) Copy of vessel's ETA (estimated time of arrival)

i) Copy of transfer of title invoice ($us 465,000)

4. Upon receipt of the above documents, the buyer verifies the availability of the products currently at sea and within 24 hours makes the title transfer payment of USD 465,000 by bank transfer, payable directly to the refinery.

5. Upon confirmation of the above title transfer payment, the seller requests redirection to the port desired by the buyer, issues the TRANSFER DEED in the name of the buyer and, together with the SGS REPORT at the port of loading, the title certificate is sent to the buyer, together with all export documentation.

CIF ESCROW PROCEDURE

1. Buyer issues LOI, Seller issues FCO for buyer to sign and return with the following:

2. Buyer's official irrevocable corporate purchase order (ICPO)

3. Certificate of incorporation/company registration

Buyer's complete company profile

Copy of buyer's identification materials (international passport)

4. Seller issues SPA to buyer to review/countersign and send to seller with acceptance letter, and Seller issues product passport/company certificate and appoints an escrow company in US, CHINA or any country for both parties to sign the escrow agreement. Both parties pay consultation fees (1) to the law firm before an escrow agreement can be drafted.

5. Seller and buyer sign escrow agreement and buyer makes 10% escrow of total value of products for one shipment and seller schedules shipments to buyer thereafter; all parties sign NCNDA/IMFPA

* Certificate of Authenticity

* Bill of Lading

* Q88

* Packing List Certificate

* Export Clearance Permit

* Insurance Policy

* Commercial Invoice

* Company Registration Certificate

* GOST Certificate of Origin

* Product Passport

* Supply Commitment

Product Availability Declaration

Export Clearance Affidavit

Registered, Legalized, SPA Approval

6. Transaction Certificate for 12 months giving the BUYER legitimate approval to purchase petroleum products from the Republic of Kazakhstan for an annual contract.

7. The buyer makes full payment for the product via MT103/TT and the escrow company returns the 10% security deposit to the buyer. Seller transfers title ownership to the buying company and seller pays commissions to all involved through NCNDA/IMFPA

FOB TTT SHARED COSTS

1. Buyer issues company registration certificate and ICPO or any ID with TSA for seller verification

2. Seller issues draft commercial invoice, buyer signs and returns to seller with their tank storage contract

3. Seller pays buyer's tank for 2 days for injection process; buyer pays 3 days and only after their tank depot company has received payment from seller company.

4. Seller provides buyer with complete POP documents

a) New SGS report within 48 hours

b) Certificate of origin of product

c) Immersion test authorization - unconditional

d) Injection report

e) Tank storage receipt with GPS coordination

f) Tank depot barcode information

g) Letter of commitment to supply

h) Copy of registration certificate and export license

i) Authorization to sell and collect (ATSC)

j) Injection schedule endorsed by buyer and buyer's tank depot L. Irrevocable commitment to supply for spot and 12-month contract.

m) Injection schedule signed by buyer and buyer's tanning farm

5. Buyer performs immersion test on the tank, via SGS at buyer's expense, seller injects the fuel into buyer's tank, buyer makes payment based on Q&Q by MT103/TT bank transfer according to final commercial invoice.

6. Seller transfers title of ownership as per buyer's instruction. Buyer lifts the product.

7. Seller pays all intermediaries involved in the transaction and thereafter monthly contract shipment continues as per the terms and conditions of the sales contract between buyer and seller.

TRANSACTION PROCEDURE: FOB CI DIP & PAY

1. Buyer issues ICPO Company Registration Certificate and Buyer's Passport Copy Data Page

2. Seller receives ICPO Company Registration Certificate from Buyer. Seller issues Commercial Invoice (CI) for the total product in Seller's rented tank at the port terminal for endorsement by Buyer.

3. Buyer endorses Seller's Commercial Invoice (CI) and Return CI, along with Buyer's Rented Tank Storage Agreement (TSA), from Buyer's Logistics Company as proof of availability of storage facility by Buyer

4. Seller acknowledges endorsed Registration Certificate and verifies Buyer's TSA. If satisfied, the seller issues the following to the buyer:

PPOP documents

a) Copy of the immersion test authorization - DTA to be endorsed by the buyer at the tank farm

b) Copy of the legalized commercial invoice

c) Copy of the export license

d) Copy of the supply guarantee letter

e) Copy of the product availability declaration

5. The buyer sends a copy of the endorsed DTA to the seller within 49 hours.

Upon receipt of the endorsed DTA, the seller issues the following PPOP documents to the buyer

and NCNDA and IMFPA will be signed and endorsed for the protection of all intermediaries involved in the transaction:

a) Copy of Certificate of Origin

b) Copy of Supply Commitment

c) Copy of Authorization to Verify

d) Copy of Authorization to Sell and Collect

e) Copy of Accreditation Certificate

f) Copy of Product Allocation Certificate

g) Copy of Product Passport

h) Copy of Fresh SGS Report

i) Copy of Injection Report

j) Copy of Tank Storage Receipt/Warehouse Receipt

k) Copy of GPS coordinates/location of seller's tanks at loading port including tank details, tank farm contact person and phone number.

l) Copy of NCNDA and IMFPA document.

6. Buyer immediately performs SGS at buyer's expense on seller's tank

7. Seller begins product injection into buyer's tank/vessel

8. Buyer and seller sign an optional one-year sales contract (SPA).

9. Buyer pays for product via MT103.

ASK FOR A PRICE OF THE OIL PRODUCT YOU NEED.

GBS-NET, LLC.

Broker IMPEX

gbs@us-burgoa.com