Oilimpex K.E. Co. Ltd/

light crude oil of Persian Gulf


To who it may concern
11.09.03


De
ar Sirs !

Below please find our preliminary offer on crude oil deliveries  from United Arab Emirates, port
of Dubai.

Qulality: light crude oil of the Persian Gulf.
Quantity: any, to be negotiated.
Terms of payment:
irrevocable confirmed letter of credit.
Terms of delivery: FOB Dubai (UAE).
Price per one barrel: Platt? Dubai &nb
sp;within three days (yesterday-today-tomorrow).
Discount: 1.2 USD/barrel.

To negotiate a contract, please send a
letter of intention to the agent company ?ilimpex K.E. Co. Ltd.? Murmansk, Russia.

The letter should include the bu
yer? agreement to pay the agent? service fee in amount of 0.2 USD/metric ton.

All the terms of the contract on crude
oil delivery are standard and to be negotiated between the Byuer and the Seller.

Once the letter is received, there
will be an offer sent to the Buyer covering all the procedures to conclude a contract on crude oil delivery.

Please m
ind that the discount and the agent? fee are variable due to the terms of the contract.

To negotiate the contract, pl
ease e-mail us. The English-speaking contact manager ?Anatoly Lovchikov.
Tel./fax: (+7) ?152-422-020.

Best regard
s    Evgeny Kovrigin,
director