AKABC introserve Ltd. c/o Schlotter&Partner

We as the consortium leader of end buyers, are very interest to buy porducts like crude oils or pertoleum products under our banking procedure:

1. ) The sellers bank; not later than 2 (two) international banking days from the date of the presentation of the agreement, will informs via swift to buyers bank for sellers readiness to issue performance bond and provide proof of product to the buyers bank and a copies direct to the buyer.

2. ) The buyers bank; not later than 2 (two) international banking days from the date of the presentation of the agreement and receiving the sellers bank swift and proof of product (see point 1), informs via swift the sellers bank about its readiness to issue Irrevocable, non transferable, renewable cargo by cargo documentary letter of credit after receiving the non operative perfomance bond.

3. )The sellers bank; not later than 3 (three) international banking days after exchange and acceptance of sellers proof of porduct against the buyers bank RWA, will issue a 2.0 % non operative performance bond through a Top Prime International Bank acceptable by the buyers bank.

4. )The buyers bank; not later than 4 (four) international banking days after receipt of the 2.0 % non-operative PB and verification on the POP will issue a irrevocable, non transferable, renewable cargo by cargo DLC to sellers bank in favor of the seller which will activate the PB.

5. )All banking charges including confirmation from the buyers bank shall be borne by the buyer and all banking charges incurred by the seller at sellers bank shall be borne by the seller.