CIF PROCEDURES 24.1.1 24.1.2 Seller issues Contract Agreement with full banking co-ordinates to the Buyer.

Seller and Buyer shall execute the signed copies of contract Agreement by Email AND/OR Facsimile transmission and Hard Copies shall be sent within 72 hours. Emailed copies AND/OR Facsimile transmissions shall be deemed as originals, bearing the same force and function. Buyer and Seller will lodge the Agreement with their respective banks Buyers bank shall issue to Sellers bank a Letter of Undertaking confirming the contract agreement (signed by the Buyer) is lodged with the bank and confirming their readiness to issue a full and active LC within (5) banking days after receiving and confirming the 2% Performance Bond; they shall state that failure by the buyer to issue an LC within the period shall unconditionally warrant the buyer to pay the associated bank charges for the issuance of the 2% Performance Bond. Upon receipt of the letter, Seller shall issue, via Bank-to-Bank SWIFT communications procedure, within five (5) banking days an Operative Performance Bond, with an equivalent Two percent (2%) buyers letter of credit value, in favor of the Buyer to the Buyers Bank. (Approximately 4 Million US Dollars) Within five (5) banking days after receipt of the Performance Bond, the Buyer, via Bank-to-Bank SWIFT communications procedure, shall issue their Full and Active Letter of Credit, issued by a top 25 rated World Bank, in an amount sufficient to cover the estimated purchase cost of the first delivery of the commodity. The letter of credit is issued to the Sellers Bank account. Seller nominates / loads vessel, organizes CPA and re-documents the cargo in the name of the buyer. Buyer confirms discharge port details via email/fax (in case there is a change in port of discharge, buyer will advise). Seller instructs Captain to issue a NOR and ETA to discharge port. Buyer secures discharge port clearance for the vessel and sends it to the Seller. Vessel is cleared and departs to buyers destination port.

24.1.3

24.1.3

24.1.4

24.1.5 24.1.6 24.1.7 24.1.8 24.1.9

24.1.10 Within 24 hours after berthing at POD (Port of Destination), Buyers inspectors shall carry out Q&Q inspection (optional) inside the vessel before discharge (or takeover) and issue a report to the Captain, Seller, and Buyers Bank. 24.1.11 Seller shall collate all stipulated Cargo/Marine documents, invoice and send same to buyer/buyers bank for payment. The buyers bank shall within two (2) days of receipt of all the transaction documents, SWIFT ALL PAYMENTS by KTT transfer for the cargo according to the invoice of the seller as well as pay all relevant commissions. PRICE: 3 DAY AVERAGE OF (DTD) BRENT, STATED IN THE PLATTS OIL GRAM MARKET REPORT DISCOUNT APPLICABLE: GROSS OF THREE (3) USD & NET OF TWO (2) USD OFF PLATTS PRICE AS ON DELIVERY DATE. For more details contact: internationaldiamondenergyltd@gmail.com