SKY'S QUEEN  COMMODITIES LLC                                                             – Suite 804 – 1220 N. Market Street- Wilmington, DE 19801-USA

Email: skysqueen@gmail.com

To make money is an art, to work is an art, a good transaction is the maximum of all the arts. (Andy Warhol)
 

1.  COMMODITY: LIQUEFIED NATURAL GAS (LNG) 

2. ORIGINS: Russia, Qatar, Middle East or seller options. 

3. SPECIFICATION: Base on standard Specification for Origin 

4. QUANTITY: 5,000,000 MT 

5. CONTRACT DURATION: One Hundred and Eighty (180) months with extension and Rolls and extensions.

6. CONTRACT TERMS: 25 years WITH Automatic Rolls and Extensions. 

7. PRICE: Gross USD $500/mt and Net USD $490/mt 

8. COMMISSION: Seller side USD $5/mt (closed) and Buyer side USD $5/mt 

9. PORT OF LOADING: TBA 

10.  DELIVERY: South America 

11. INSPECTION: By SGS or any similar company and the Seller will pay the charges at loading port only and Buyer to pay for cost of inspection at  discharge port. 

12. BUYER’S DOCUMENTS: Import license from the authority to enter the terminal.  Others to be agreed later between Buyer and Seller 

13. TERMS OF PAYMENT: Irrevocable, Confirmed, Transferable, Revolving Documentary Letter of Credit, payable 100% at sight of shipping documents. The Letter of Credit must be issue/confirmed by a Top 25 World Bank.

Or Alternatively, Bank Guarantee or Stand By Letter of Credit issued by or with AVAL from (or confirmed by) Top 25 Prime World Bank, Western European, United Kingdom or United States based. 

14. PERFORMANCE BOND: The Seller will issue 2% Performance Bond on the Face value of RDLC/SBLC/BG. Performance Bond will be made operative based on INCOTERM ICC 500 and within Seven (7) international banking days after the Seller Bank receives and confirmed payment instrument.  

15. LAY CAN: For the first delivery within Forty Five (45) days after receiving and

confirming payment instrument from the buyer.

Validity 12/March/2008

PROCEDURE

1. Seller issues Soft FCO to buyer quoting price and showing terms and Conditions

2. Buyer issues to seller LOI with Bank coordinates and permission for a
Soft Probe LOI must be on Buyer’s letterhead.

3. Seller issues to Buyer FCO after soft probe on buyer’s account.

4. Seller drafts as per the Refinery/Supplier Contract for evaluation and sends to Buyer for review and execution and pro-forma invoice and Attestation of Allocation Letter.

5. Buyer signed/sealed the FCO, return to seller within the valid day with the
bank letter BCL (Bank commitment Letter on bank letter head with two
bank officers signed/sealed) On sellers acceptable format.

6. Buyer review, signed/sealed the draft contract, return to seller

7. Seller returns the duly signed contact and provides transaction code.
Seller and Buyer lodge the contract to their bank respectively.

8. Seller's bank will swift confirmation of POP and 2% PB to buyer bank after
verified the BCL.

9. Buyer’s bank issue the non-operative DLC to Seller’s bank
in receipt of confirmation of POP and 2% PB by bank. (Buyer sends DLC
TEXT to seller for approval in advance)

10. Seller bank issue POP and 2% PB to activate the DLC.

11. Shipment will start according to conditions of the contract and according to
agreed schedule.

Each party hereto will bear its respective banking costs / charges.

12. The Mandates/Agents/Intermediaries are payed as agreed per IMFPA/NCNDA

(PLEASE NOTE THAT THE ABOVE PROCEDURE IS NON-NEGOTIABLE)





ANNEX A

SPECIFICATIONS OF LNG

A. GROSS HEATING VALUE (VOLUME BASED):

MINIMUM 1050Btu/SCF
MAXIMUM 1050Btu/SCF

B. HYROCARBON COMPOSITION AND NITROGEN CONTENT WITHIN THE FOLLOWING RANGE:

METHANE 85.00 MOL % MINIMUM
BUTANES AND HEAVIER 2.0 MOL % MAXIMUM
PENTANES AND HEAVIER 0.10 MOL % MAXIMUM
NITROGEN 1.00 MOL % MAXIMUM

C. IMPURITIES WITH THE FOLLOWING RANGE:

HYDROGEN SULPHIDE 4.8MG/Nm3 MAXIMUM
TOTAL SULPHUR 28.0MG/Nm3 MAXIMUM

D. SOLIDS AND OTHER IMPURITIES:

NONE AS SUCH QUANTITIES AS SHALL INTERFARE WITH RECEIPT AND TRANSPORTATION OF LNG, OR THE USE OF LNG AS NATURAL GAS.

SHIPS: Standard LNG c of 62,000 mt and LNGC of 125, 000 MT each.

SHIPMENT METHOD: Criogenizated in Bilk

UNIT OF MEASURE: 1 mt = 1,000 KGS = 2.45 LIQUEFIED CUBIC METERS
 

[LNG][D2][Mazut][JP54][Crude Oil][Palm Oil]

See our NEWS for our latest  offers

N.B. The offers are subject to " first comes, first served "
 ALL PRICES AND OFFERS ARE SUBJECT TO OUR FINAL CONFIRMATION AND MARKET FLUCTUATION
 

Latest update: 23-11-08