COMMODITY: DIAMMONIUM PHOSPHATE (18:46)

ORIGIN: RUSSIA and CIS

PACKING: BAGS 50 kg and bulk

DELIVERY CONDITIONS : CIF, India

QUANTITY: 300.000 Mt

QUANTITY IN MONTH: 25,000 Metric Ton

DURATION OF CONTRACT: 12 Month

PRICE: 465USD/MT(bags, 50kg) and 455USD/MT(bulk) - CIF, India

PAYMENT TERM: DLC cover three months

INSPECTION OF THE PRODUCT: SOCIETE GENERALE DE SURVEILLANCE (SGS) AT LOADING PORT

SPECIFICATION: CAS 18-46-0

PAYMENT Confirmed LC, DLC (Letter of Credit)

PAYMENT TERMS AND GUARANTEES

1. ALL PAYMENTS SHALL BE EFFECTED TO THE SELLER ACCOUNT BY SWIFT MT103 AFTER LOADING OF EACH SHIPMENT AGAINST THE REQUIRED ORIGINAL DOCUMENTS FOR EACH SHIPMENT EFFECTED WITHIN 5 (FIVE) BANKING DAYS.

2. IN CASE WIRELESS PAYMENT (MT103) HAS NOT BEEN RECEIVED BY THE SELLER WITHIN SEVEN DAYS AFTER RECEIVING OF REQUIRED ORIGINAL DOCUMENTS BY THE BUYER ONLY, SELLER CLAIMS REFUND OF ALL EXPENSES FROM THE GENERAL AGREEMENT OF BUSINESS COOPERATION №GA-XXXXX.

3. THE ISSUING BANK SHALL ALLOW ADDING CONFIRMATION BY ANY BANK AN EXPENSE OF THE BUYER SIDE.

4. THE PARTIES AGREED DO NOT CHANGE THE BANKS WITHOUT PRIOR APPROVAL OF EACH PARTY IN SPECIAL CASE.

CONTRACT PROCEDURES

5. SELLER SENDS THE DRAFT CONTRACT TO THE BUYER

6. THE PARTIES ARE SIGNING, STAMPING AND SEALING CONTRACT IN ELECTRONIC FORMAT, SCANNED COPY ONLY (NO WORD FORMAT).

7. WITHIN 10 (TEN) DAYS UPON SIGNING'S DATE OF CONTRACT IN ELECTRONIC FORMAT, BUYER SENDS BANK REFERENCE (APPENDIX 1) + A BANK'S LETTER (RWA) (APPENDIX 2) TO SELLER IN HARD COPIES TO THE ACTUAL ADDRESS OF THE SELLER.

8. WITHIN 10 (TEN) BANKING DAYS UPON ACCEPTANCE OF BANK'S LETTER (RWA) AND BANKS REFERENCE, SELLER PROVIDES PARTIAL PROOF OF PRODUCT (OFFICIAL MISSIVE FROM THE PRODUCT'S HOLDER ABOUT WARRANTIES OF SUPPLIES) FOR ALL SHIPMENT.

9. WITHIN 10 (TEN) BANKING DAYS UPON ACCEPTANCE'S DATE OF BANK'S LETTER (RWA) AND BANK'S REFERENCE, SELLER SENDS LETTER (APPENDIX 3) ABOUT READINESS TO START OF TRANSACTION.

10. THE SHIPMENTS BEGIN ACCORDING TO CONTRACT WITHIN 30 - 45 DAYS UPON VALIDATION OF GENERAL AGREEMENT OF BUSINESS COOPERATION GA №-XXXXX UNTIL FULLY CONTRACTED QUANTITY IS SHIPPED AND DELIVERED, THE PAYMENTS IS DONE AT THE SIGHT OF ALL ORIGINAL OF SHIPPING DOCUMENTS