2013 WORKABLE PROCEDURE I: PLEASE NOTE THAT THE DLC (DOCUMENTARY LETTER OF CREDIT) COVERS ONLY OPERATIONS AND LOGISTICS: THE VALUE IS USD$25M MAXIMUM

If you are Interested in Buying Nigerian Light Crude Oil (NLCO)....From 50,000MT to 280,000MT.....This procedure will work fine and remove all bottlenecks. Below is our prime procedure and we are absolutely certain that we collectively can make this work.

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I). Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail to bankers. The electronic signed copy by both Parties is considered legally binding and enforceable.

II). After Signing SPA, Seller will send Swift Proforma Invoice of Cost of Operation and Logistics through Seller's Bank. Buyer's Bank respond with Swift DLC for Operations and Logistics only (Proforma Invoice Reference Number will be the reference of operation).

III). Upon the receipt of the Swift Operative DLC, Seller's Financing Bank will Issue 2% Performance Bond within 10 Banking days. The DLC must be for 180 days.

IV). Seller secures VLCC, Programs Vessel for Official Window Temporary Loading (OWTL). Loading will be completed in about 60 days and Vessel is move to Nigerian or West African Coast for Preliminary Q & Q by Seller and independent inspectors and and an SGS report sent by swift to Buyer’s Bank.

V). Within Sixty (60) days of IV above, Seller furnishes CPA & Q88 and the relevant documents to Buyer and/or Buyer’s bank. Buyer will Swift an Irrevocable Bank Payment Undertaking (IBPU) for entire cargo, upon the receipt and confirmation of all documentation relating to loading and the SGS report.

V). After Seller’s Bank Confirms Swift IBPU, Vessel will depart for destination port. On arrival, an independent Inspection, and Q & Q is conducted. Upon certification of all documents, Vessel will be program for cargo discharge. Buyer must make payment by MT103 Wire Transfer to Seller’s Bank Account payable at its counter for this transaction and to beneficiaries named in Master Fee Protection Agreement in the contract for fees. Payment must start before discharge or within 72 hours after.

VI). Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and commission agents as stipulated in the IMFPA in this contract within three (5) international banking days after product delivery and discharge at Buyer’s nominated port of discharge against presentation of stated shipping documents (non-negotiable copies) at Buyer’s bank.

VII). The signatures on this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures.

This Procedure is certified by Me:

Retson A. O. Tedheke,
Managing Director/CEO
Net Allianz Global Resources Limited, RC: 696007.
Oil & Gas, Real Estate, Financials Instruments and Consultancy Services.
Thuraya Satellite Number: +8821644402408

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