Letter of Request for Light Crude from Saudi Arabia

We have been presented with a soft offer from CoolBison Consulting Group Corp VIA---------------------------------------------- for Light Crude from Saudi Arabia. It is our desire to enter into a 12 month. contract with rolls and extensions up to 60 months.

Currently we are not members of Saudi Aramco as required to request the purchase of _______BBLS of Light Crude from Saudi Arabia through your source under the following procedures listed below at the discount of 8%/10% off Dubai Platts on a CIF ASWP Basis.

1.       Letter of Request for Crude Oil (will be viewed and or accepted by source directly).

2.      Final contract issued, returned and lodged

3.      Seller will authorize the release of 2 forms of current past performance documentation.  These include: Allocation code of crude done bank to bank in exchange for SWIFT-ing of RWA via MT799.

4.      BG placement via MT760 of 1.5 months’ shipment value for 14 month duration.

5.      2% Performance bond is issued and POP documents are presented. 

Further confirmation of crude in delivery is given by the source after MT760 is confirmed.

6.      Delivery according to contract schedule CIF /ASWP.

·         The BG is to be under 758 verbiage total value of 1.5 months is based past year +60 days Dubai plats high average.

·         The BG is not discounted @ 10/8%

·         BG is issued from a top 50 prime bank.

The given document is a legal basis for transferring by the Buyer the acceptance of terms and parameters of the prepared Contract, is an integral part of the future Contract and is valid for seven (7) days after the date above.

This Letter of Request for Light Crude from Saudi Arabia is being issued freely under the letterhead of my company as instructed through Musafer Petroleum, LLC/CoolBison Consulting Group Corp

Should you have any concerns or questions regarding this submission, Please do not hesitate to contact our office at #_________

Banking Information:

Specifications:

Product: Saudi Light Crude Oil (SLCO) Origin: Kingdom of Saudi Arabia

API GRAVITY: 33.34

SEDIMENT CONTENT: 0.1

AS M STABILIZED GRAVITY: 34.5

WAX-WT PERCENT: 2.9

VANADIUM ppm V200: 11.0

GROSS HEATING VALUE: 19.23

REID VAPOUR PRESSURE: 2.0

SALT CONTENT, PPM NaCl: 3.8

SULPHUR, WT PERCENT: 1.5 MAX

ASH, PPM: 100.0

COMP. CARBON RESIDUE,

WT PERCENT: 3.1

VISCOSITY, CP: 55.0

POUR POINT: 35.0

Yours Sincerely,

On behalf of _____________