FALCON CREST INC.

Our Procedures:
1.SELLER ISSUES TO THE BUYER FCO/DRAFT CONTRACT.
2.BUYER ISSUES TO THE SELL
ER LOI.
3.ACCEPTANCE.BUYER/SELLER INITIAL THE CONTRACT.
4.BUYER CONFIRM FUNDS TO THE SELLERS BANK.
5.SELLER ISSUES
TO THE BUYER BANK FOR THE BENEFIT OF
THE BUYER 2PCT.PB.
6.BUYERS BANK ISSUES TO THE SELLERS BANK FOR THE
BENEFIT OF
THE SELLER THE LETTER OF CREDIT.
7.EXACTLY SEVEN DAYS AFTER THE CONFIRMATION OF THE
BUYERS LC,SELLER SHALL FURNISH BUY
ER WITH LAY CAN
DATE,TANKER LOADING APPROVAL,REASSIGNMENT OF THE CARGO
IN THE BUYERS NAME AS WELL AS CHARTER PARTY/VESS
EL
DETAILS.
8.LOADING WILL TAKE PLACE 14 DAYS AFTER THE LAYCAN
DATE IS ISSUED.
9.DELIVERY WILL NOT TAKE LATER T
HAN 21 DAYS AFTER THE
LOADING.