Estimados colegas, ““NOTIFY™ La Gerencia Comercial de CRUDOS le notifica sobre la VENTA, Ped.Export.Ocasional de fecha 02.09.2022, al cliente RIPPLE OIL TRADING LTD, de acuerdo a las condiciones y términos detallados a continuacion: PEDIDO: SA202212-38001039 \VENDEDOR: PDVSA PETROLEO S.A. COMPRADOR: RIPPLE OIL TRADING LTD. TIPO DE VENTA: MATER MEREY 16 CRUDE OIL VOLUMEN: 2,000,000 BBL TOLERANCIA: +: 10% SELLER'S OPTION PUERTO CARGA: TERMINAL TOJ EXPORT PUERTO DE DESCARGA: ASIA VENTANA: 03.10.2022 - 03.10.2022 MEREY 16 eee ICE BRENT (FRONT MONTH) # 31.00 US$/BBL (CODE: ICLLO01) ‘APL ADJUSTMENT: USS 0.01141 PER TENTH DEGREE API ABOVE/BELOW AT 16.0 NOTE: IN CASE THE FINAL PRICE IS EQUAL OR LOWER THAN 30,00 USD/@BL, THIS WILL BE USED AS THE FLOOR PRICE. PAYMENT: OPEN ACCOUNT / INVOICE ASSIGNMENT / PAYMENT TO THIRD PARTIES / OFFSETTING 1. GENERAL APPLICATION TERMS: 1:1 CURRENCY AND EXCHANGE RATE OF PAYMENT: THE INVOICE RELATED TO THE CRUDE OIL/FUEL OIL SALE WILL BE ISSUED IN EUROS, ALL PAYMENTS SHALL BE MADE IN SAME CURRENCY, (WITHOUT DISCOUNT. ‘ALLOWANCE, RETENTION OR DEDUCTION, INCLUDING BANKING FEES OR WIRE ‘TRANSFERS FEES FROM COMMERCIAL BANKS) TO.THE BANK AND ACCOUNT NUMBER INDICATED BY PDVSA PETROLEO, S.A, MAKING REFERENCE TO THE INVOICE NUMBER ON YOUR REMITTANCE FOR THIS PURPOSES THE EXCHANGE RATE USED BY PDVSA PETROLEO, S.A. TO CONVERT THE US DOLLAR AMOUNT TO EUROS, SHALL BE THE EUR/USD EXCHANGE RATE PUBLISHED BY THE EUROPEAN CENTRAL BANK IN FRANKFURT, GERMANY AT ‘14:15 HOURS (EUROPEAN CENTRAL TIME) AND POSTED IN THE WEB PAGE WWW.ECB INT. THREE DAYS PRIOR TO THE DUE DATE OF THE INVOICE. WHEREAS A NONWORKING DAY OR A BANK HOLIDAY FOR THE EUROPEAN CENTRAL BANK OR AN UNPUBLISHED EUR/USD EXCHANGE RATE OCCURS, THEN THE LAST PREVIOUS BUSINESS DAY EXCHANGE RATE PUBLISHED WILL APPLY. IN GASE PDVSA REQUIRES PAYMENT IN ANOTHER CURRENCY, PDVSA WILL ESTABLISH WHAT CURRENCY WILL BE USED. THE PARTIES WILL AGREE THE ADEQUATE EXCHANGE RATE MECHANISM TO BE APPLIED. 42, INVOICE THE SELLER SHALL SEND TO THE BUYER THE FINAL INVOICE, UP TO THREE (3) CALENDAR DAYS BEFORE BOL*75, THIS INVOICE SHALL BE MADE ON THE BASIS OF ‘THE NET VOLUME REFLECTED INTHE BOL AND SHALL BE SENT TO THE BUYER, BY. E-MAIL FACSIMILE, ELECTRONIC MEANS OR OTHER MEANS, STRESSING THAT THE BUYER SHALL MAKE THE PAYMENT IN DUE DATE THE FINAL INVOICE. COVERING THE TOTAL VALLE OF THE CRUDE Oll VOLUME, SHALL BE MADE TAKING AS REFERENCE THE USD/EUR EXCHANGE RATE INDICATED IN SECTION 7 OF THIS CLAUSE, THE DUE DATE OF THE FINAL INVOICE SHALL BE BOL+75, INTHE EVENT THAT AN ADVANCE PAYMENT HAS BEEN MADE WITH A PROVISIONAL INVOICE, ANY BALANCE RESULTING FROM THE DIFFERENCE BETWEEN THE PROVISIONAL INVOICE AND FINAL INVOICE AMOUNTS, WHICH IS DUE TO EITHER PARTY (THE BALANCE QUE) SHALL BECOME DUE THREE (3)CALENDAR DAYS AFTER THE SENDING OF THE FINAL INVOICE (DUE DATE OF PAYMENT OF THE FINAL INVOICE 2 OPEN ACCOUNT. WITHIN SEVENTY-FIVE (75) CALENDAR DAYS AFTER THE BILL OF LADING DATE. 100% TO PDVSA ACCOUNTS. PAYMENT FOR THE CARGO SOLD AND DELIVERED HEREUNDER WILL BE BASED ON Realizado por: MIGUEL ANGEL PABON Pagina 1 de 5 / 08.12.2022Estimados colegas, ““NOTIFY™ La Gerencia Comercial de CRUDOS le notiica sobre la VENTA, Ped.Export.Ocasional de fecha 02.09.2022, al cliente RIPPLE OIL TRADING LTD, de acuerdo a las condiciones términos detallados a continuacion: PEDIDO: SA202212-38001039 \VENDEDOR: COMPRADOR: PDVSA PETROLEO S.A. RIPPLE OIL TRADING LTD. BILL OF LADING FIGURES AT THE LOADING PORT, AND SHALL BE MADE BY BUYER WITHIN SEVENTY FIVE (75) DAYS AFTER BILL OF LADING DATE (WHERE THE DATE OF ‘SUCH BIL = DAY 0), PAYMENT SHALL BE MADE AGAINST THE PRESENTATION OF THE BILL OF LADING AND COMMERCIAL INVOICE. ‘THE CARGOES LIFTED UNDER THIS CONTRACT SHALL BE UNDER OPEN ACCOUNT. IN CASE THE CREDIT LINE OF THE OPEN ACCOUNT IS OVERDRAWN FIVE (5) DAYS PRIOR ‘TO THE LOADING DATE OF ANY OF THE CARGOES CONSIDERED IN THIS CONTRACT, BUYER AGREES TO SECURE/PAY THE CARGO THROUGH STAND BY LETTER OF CREDIT OR PREPAYMENT. EITHER OF THESE INSTRUMENTS SHALL BE RECEIVED BY ‘SELLER AT LEAST THREE (3) WORKING DAYS BEFORE THE AGREED LOADING RANGE, ‘SELLER'S INVOICE TO BUYER, AS WELL AS SUPPORTING DOCUMENTATION, REASONABLY REQUESTED BY BUYER. MAY BE SENT BY EMAIL OR FAX. BUYER SHALL MAKE THE CORRESPONDING PAYMENT IN DUE TIME. WHENEVER A DUE DATE FOR. PAYMENT FALLS ON A SATURDAY, SUNDAY OR A BANK HOLIDAY, PAYMENT SHALL BE MADE ON THE LAST PRECEDING WORKING DATE. THIS LAST PRECEDING WORKING. DATE WILL BE THE NEW DUE DATE OF THE INVOICE, 2. IN CASE THE PARTIES AGREE ON THE ASSIGNMENT OF INVOICE IN.CASE OF THE BOLIVARIAN REPUBLIC OF VENEZUELA HAS CONTRACTED A DEBT. RELATED THE SUPPLY OF GOODS AND/OR PRODUCTS, OF A HUMANITARIAN NATURE ‘SUCH AS: FOOD, AGRICULTURAL PRODUCTS ANDIOR INPUTS: MEDICINES: MEDICAL EQUIPMENT. INBUTS AND/OR SERVICES; EQUIPMENT. MATERIALS AND/OR INPUTS FOR THE EMERGENCY ATTENTION, RISK MANAGEMENT AND RELIEF SYSTEM: MATERIALS ANDIOR INPUTS FOR THE CONSTRUCTION AND/OR REHABILITATION OF. HOMES, HEALTH CENTERS, EDUCATIONAL CENTERS AND OTHER INFRASTRUCTURES ‘OF A SOCIAL OR HUMANITARIAN NATURE; EQUIPMENT, MATERIALS AND/OR INPUTS. FOR THE CONSTRUCTION AND/OR REHABILITATION OF WATER STORAGE, TREATMENT AND DISTRIBUTION SYSTEMS; EQUIPMENT, MATERIALS ANDIOR INPUTS. FOR THE EDUCATION SECTOR; EQUIPMENT ANDIOR INPUTS FOR INDUSTRY: EQUIPMENT ANDIOR INPUTS FOR THE TELECOMMUNICATIONS SECTOR: EQUIPMENT ANDIOR INPUTS FOR THE TRANSPORT SECTOR, ANDIOR OTHER KIND OF REQUIREMENTS ALREADY CARRIED OUT TO THE VENEZUELAN STATE, AT THE REQUEST OF THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA, ‘THE PAYMENT FOR THE HYDROCARBON OIL CARGO(ES) SUPPLIED UNDER THIS CONTRACT WILL BE EXECUTED AGAINST THE ASSIGNMENT OF THE INVOICE OF EACH CARGO BY PDVSA PETROLEO, S.A. TO A DESIGNATED INSTITUTION, ACCORDING TO THE INSTRUCTIONS EMANATED BY THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA, IN ORDER TO COMPENSATE THE DEBTS THAT ‘THE BOLIVARIAN REPUBLIC OF VENEZUELA, ‘ONCE THE INVOICE OF THE CRUDE SALE UNDER THIS CONTRACT HAS BEING ISSUED AND SENT TO THE BUYER, THE SELLER AND THE BUYER SHALL DETERMINE IF A PAYABLE BALANCE RESULTED FROM THE DIFFERENCE BETWEEN THE FINAL INVOICE ‘OF THIS HYDROCARBON SALE AND THE CERTIFICATED DEBTS ISSUED BY THE DESIGNATED INSTITUTION, DUE TO THE SUPPLY THE OF GOODS AND/OR PRODUCTS, OF A HUMANITARIAN NATURE TO THE VENEZUELAN NATION, ACCORDING TO THE. INSTRUCTIONS EMANATED BY THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA, IN-THE EVENT THAT THE PAYABLE BALANCE IS IN.THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA'S FAVOR, THE DESIGNATED INSTITUTION WILL NOTIFY IT TO THE BUYER WITHIN THE NEXT FIVE (5) CALENDAR DAYS AFTER THE PAYABLE BALANCE HAS BEEN DETERMINED IN ORDER THAT SUCH INSTITUTION GAN NEGOTIATE A FUTURE SUPPLY THE OF GOODS AND/OR PRODUCTS, OF A HUMANITARIAN NATURE WITH THE RELATED COMPANY WITH BUYER ANDIOR ITS STRATEGIC ALLIES. IN THE CASE THAT THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA DOES NOT RECEIVE A FUTURE SUPPLY THE OF GOODS AND/OR PRODUCTS, OF A HUMANITARIAN NATURE CONFIRMATION FROM THE DESIGNATED INSTITUTION, WITHIN THE NEXT FIFTEEN (15) CALENDAR DAYS AFTER THE NOTIFICATION Realizado por: MIGUEL ANGEL PABON Pagina 2 de 5 / 08.12.2022Estimados colegas, *““NOTIFY™ La Gerencia Comercial de CRUDOS le notifica sobre la VENTA. Ped.Export.Ocasional de fecha 02.09.2022, al cliente RIPPLE OIL TRADING LTD, de acuerdo a las condiciones y términos detallados a continuacion: PEDIDO: SA202212-38001039 \VENDEDOR: COMPRADOR: PERIODO DE PRECIACION: PDVSA PETROLEO S.A. RIPPLE OIL TRADING LTD. DELIVERY, THE NATIONAL GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA WILL SEND A PAYMENT REQUEST TO THE BUYER WITH THE PAYABLE BALANCE IN HIS FAVOR, INDICATING THE BANK DETAILS TO MAKE THE PAYMENT OF SUCH AMOUNT, NO.LATER THAN EIGHT (@) CALENDAR DAYS AFTER THE PAYMENT REQUEST HAS BEEN SENT TO THE BUY! IN-THE EVENT THAT THE PAYABLE BALANCE |S IN BUYER'S FAVOR, THE GOVERNMENT OF THE SOLIVARIAN REPUBLIC OF VENEZUELA SHALL NOTIFY THE ‘SELLER THIS PENDING PAYABLE BALANCE FOR SUPPLY THE OF GOODS ANDIOR PRODUCTS, OF A HUMANITARIAN NATURE TO THE VENEZUELAN NATION IN ORDER TQNEGOTIATE A POSSIBLE NEXT HYDROCARBON CARGO TO BE DELIVERED TO THE IN-THE EVENT THAT A FUTURE CRUDE CARGO DELIVERY COULD NOT BE AGREED BETWEEN THE SELLER AND THE BUYER. THE SELLER WILL NOTIFY THE DESIGNATED. INSTITUTION ABOUT THIS NON-AGREEMENT. 4, IN CASE. PAYMENT TO THIRD PARTIES AUTHORIZED BY THE SELLER AND/OR COMPENSATION THE PARTIES MAY AGREE ON THE TOTAL OR PARTIAL PAYMENT OF THE INVOICE, FOR SUCH PURPOSES THE SELLER SHALL SEND TO THE BUYER THE PAYMENT INSTRUCTION(S) TO DESIGNATED THIRD PARTIES (IT WILL BE AUTHORIZED BY. ‘SENDING A PAYMENT INSTRUCTION WITH THIRD PARTIES DETAILS, A COPY OF THE PROVISIONAL OR FINAL INVOICE AND BANK CERTIFICATION OF THE THIRD COMPANY). THE PARTIES MAY ALSO AGREE TO PAY THE INVOICE IN TOTAL OR IN. PARTIAL PAYMENT, THROUGH THE COMPENSATION WITH GOODS ANDIOR SERVICES THAT MAY BE REQUIRED BY THE SELLER 5, OVERDUE PAYMENT AND OTHERS. ‘ANY AMOUNT DUE UNDER THIS CONTRACT NOT PAID WHEN DUE SHALL DRAW INTEREST AT THE RATE EQUAL TO 12% PER ANNUM PLUS 6% PER ANNUM FOR. ADMINISTRATIVE HANDLING AND COLLECTION CHARGES (AS CONTEMPLATED IN THE PDVSA GENERAL CONDITIONS OF FOB SALES), CONSIDERING THE PERIOD FROM THE DUE DATE WHEN THE ORIGINAL PAYMENT WAS DEMANDED TO BE MADE UNTIL THE DATE WHEN THE PAYMENT WAS ACTUALLY MADE. ALL OF THE ABOVE SHALL BE ‘CALCULATED ON A YEAR OF THREE HUNDRED SIXTY (360) DAYS. ‘SELLER'S INVOICE TO BUYER SHALL BE SENT BY EMAIL, FACSIMILE OR ELECTRONIC MEANS. BUYER SHALL MAKE THE CORRESPONDING PAYMENT IN DUE TIME (SEE CLAUSE 4 OF PDVSA PETROLEO, S.A. STANDARD GENERAL TERMS AND CONDITIONS OF FOB SALES) THE AVERAGE OF THREE (03) CONSECUTIVE EFFECTIVE DAYS OF QUOTATION AFTER ‘THE DISCHARGE DATE, WHERE QUOTATION DAY MEANS A DAY ON WHICH OIL. MARKET PRODUCTS ARE PUBLISHED DD=0 (D/D+1, D/D +2, D/D+3)USING THE DAILY. CLOSING PRICES OF EACH RESPECTIVE CRUDE Oli. PUBLISHED BY ICE INTERCONTINENTAL EXCHANGE, ON ITS DAILY CRUDE OIL MARKET CABLE. THREE (3) ‘SEPARATE QUOTES SHALL ALWAYS BE USED FOR PRICE SETTING. QUOTES SHALL NOT BE USED MORE THAN ONCE. ‘THE BUYER SHALL SEND THE DOCUMENTS OF THE DISCHARGE TO THE SELLER IN A. PERIOD NOT EXCEEDING SEVENTY (70) CALENDAR DAYS AFTER THE DATE OF THE BILL OF LADING. IF AT THE END OF THIS PERIOD THE BUYER HAS NOT SENT THE DOCUMENTS OF THE DISCHARGE TO THE SELLER, THE SELLER SHALL TAKE THE ‘SEVENTIETH (70TH) DAY AS THE DAY OF DISCHARGE AND THE AVERAGE OF THE. THREE (3) QUOTATIONS SHALL APPLY AS THE FINAL PRICE OF THE CARGO DD-BL+70 (OID+1, B/D+2, D/D+3). USING THE DAILY CLOSING PRICES OF EACH RESPECTIVE ‘CRUDE OIL PUBLISHED BY ICE INTERCONTINENTAL EXCHANGE, ON ITS DAILY CRUDE. lL MARKET CABLE. THREE (3) SEPARATE QUOTES SHALL ALWAYS BE USED FOR, PRICE SETTING, IF CARGO WAS DIVIDED INTO PARCELS DUE TO OPERATIONAL REASONS. REQUESTED BY PDVSA, THE PRICING PERIOD SHALL BE ESTABLISHED BASED ON. ‘THE BOL DATE OF THE LAST PARCEL. IF NO CONFIRMATION OF THE CRUDE PRICE CALCULATION IS RECEIVED FROM Realizado por: MIGUEL ANGEL PABON Pagina 3 de 5 / 08.12.2022Estimados colegas, ““NOTIFY™ La Gerencia Comercial de CRUDOS le notiica sobre la VENTA, Ped.Export.Ocasional de fecha 02.09.2022, al cliente RIPPLE OIL TRADING LTD, de acuerdo a las condiciones y términos detallados a continuacion: PEDIDO: SA202212-38001039 \VENDEDOR: COMPRADOR: CONDICIONES DE PAGO: LAYTIME: INSPECCION: OTRAS CONDICIONES YIO TERMINOS: PDVSA PETROLEO SA. RIPPLE OIL TRADING LTD. BUYER VIA E-MAIL WITHIN THE NEXT THREE (03) WORKING DAYS AFTER SENDING ‘THE PRICE CALCULATION BY SELLER, IT IS UNDERSTOOD THAT. THE PRICING DATES. AND CRUDE PRICE CALCULATIONS ALREADY SENT BY SELLER ARE FULLY ACCEPTED BY BUYER AS PER THE ABOVE TERMS AND CONDITIONS. FINAL PRICE SHALL BE DENOMINATED IN DOLLARS OF THE UNITED STATES OF AMERICA (USS) PER NET BARREL, FINAL PRICE ESTABLISHED FOR THE CRUDE OIL. ‘CARGO SHALL BE ROUNDED TO FOUR (4) DECIMAL PLACES. 60 DIAS DESPUES SEG FE.BL, EUR FOR CARGOES OF 2,000,000 BARRELS, THE SELLER SHALL HAVE A ALLOWED LAYTIME TOTALLY AT LOADPORTS OF ONE HUNDRED AND TWENTY(120) HOURS FROM THE FIRST DESIGNATED PORT OF LOADING, THE PERMITTED LAYTIME SHALL COMMENCE WHEN THE VESSEL DESIGNATED BY THE BUYER AND ACEPPTED BY THE ‘SELLER IS (1) FULLY EXPEDITIOUS OR (II WHEN SIX (6) CONSECUTIVE HOURS HAVE EXPIRED SINCE THE SUBMISSION OF THE NOTICE OF READINESS (NOR), WHICHEVER ‘OCCURS FIRST, IF SUCH VESSEL ARRIVES DURING THE ACCEPTED LOADING PERIOD. OF THREE (3) DAYS. FOR STS OPERATIONS: FOR 2,000,000 BARRELS: ALLOWED LAYTIME OF ONE HUNDRED AND TWENTY (120) HOURS PLUS TWENTY FOUR (24) HOURS BETWEEN ONE FEEDER VESSEL AND OTHER, OTHER TERMS AND CONDITIONS RELATING TO LAYTIME AND NOT SET FORTH HEREIN SHALL APPLY IN ACCORDANCE WITH THE FOB SALES GTC OF PDVSA, ‘THE QUANTITY AND QUALITY OF EACH SHIPMENT SHALL BE DETERMINED BY PDVSA AND WITNESSED BY AN INDEPENDENT PETROLEUM INSPECTOR NOMINATED JOINTLY. BY THE PARTIES AND WILL BE BASED ON THE VOLUME LIFTED FROM EACH STATIC ‘SHORE TANK AT THE LOADING PORT. IN CASE FOB CONDITIONS: QUALITY: ‘THE QUALITY OF CARGO SHALL BE DETERMINED AT THE LOADING PORT BY SELLER AND WITNESSED BY AN INDEPENDENT PETROLEUM INSPECTOR NOMINATED BY THE PARTIES AND WILL BE BASED ON EACH SHORE TANK COMPOSITE. INSPECTION TO. BE BASED ON THREE (3) LEVEL SAMPLES. THE THREE (3) LEVEL SAMPLING OF ALL ‘SHIPS SHALL BE TAKEN FIRST OF ANY ADDICIONAL DEAD BOTTOM SAMPLES FROM EACH OF THE SHIP TANK TO BE TAKEN ONLY BS+W (NOT BINDING TO PDVSA), QUANTITY: ‘THE BILL OF LADING QUANTITY SHALL BE BASED ON LOADPORT FIGURES LESS FREE WATER AND BS&W, VOLUME TO BE USED FROM EACH SHORE TANK, ALL AS. DETERMINED BY SELLER AND WITNESSED BY THE INDEPENDENT INSPECTOR NOMINATED BY THE PARTIES AND ADJUSTED BY VESSEL EXPERIENCE FACTOR AND ‘SHALL BE USED FOR PROVISIONAL INVOICING PURPOSES, IN CASE STS OPERATIONS: THE QUANTITY AND QUALITY OF EACH SHIPMENT SHALL 8E DETERMINED BY SELLER AND WITNESSED BY AN INDEPENDENT PETROLEUM INSPECTOR AND WILL BE BASED ‘ON THE VOLUME TO BE USED FROM EACH SHORE TANK OR/AND EACH VESSEL THAT PDVSA USED AS FLOATING TANK ASSIGN TO CARRY OUT A SHIP-TO-SHIP AT THE LOADING PORT NOMINATED TO SUPPLY ITS CLIENT. THE QUANTITY SHALL BE ADJUSTED BY THE V.E.F, OF EACH PDVSA VESSEL (IF IT APPLIES) TAKING INTO ‘ACCOUNT THE QUALITIES (API, BSW). IN. BOTH CASES, SUCH INDEPENDENT INSPECTOR SHALL BE APPOINTED JOINTLY BETWEEN BUYER AND SELLER, INSPECTION COST SHALL BE BORNE EQUALLY BETWEEN THE PARTIES 50/50, SAMPLES SHALL BE RETAINED AT LOADING TERMINAL FOR A PERIOD OF NINETY (90) DAYS AFTER THE BILL OF LADING DATE, NO CLAIMS. ‘SHALL BE ACCEPTED BY SELLER AFTER THE NINETY (80) DAYS PERIOD. TYPE OF SALE: FOB # COSTS ASSOCIATED WITH SHIP-TO-SHIP OPERATIONS SHALL BE BORNE BY THE Realizado por: MIGUEL ANGEL PABON Pagina 4 de 5 / 08.12.2022Estimados colegas, *““NOTIFY™ La Gerencia Comercial de CRUDOS le notifica sobre la VENTA, Ped.Export.Ocasional de fecha 02.09.2022, al cliente RIPPLE OIL TRADING LTD, de acuerdo a las condiciones y términos detallados a continuacion: PEDIDO: SA202212-38001039 \VENDEDOR: PDVSAPETROLEO S.A. COMPRADOR: RIPPLE OIL TRADING LTD. BUYER, #IN CASE OF NON COMPLIANCE BY THE BUYER WITH THE INDICATED TERMS ANDIOR ‘CONDITIONS OF THIS AGREEMENT, THE SELLER MAY UNILATERALLY TERMINATE THE EXECUTION OF THE AGREEMENT, AND MAY CLAIM DIRECT DAMAGES CAUSED BY ‘SUCH NON COMPLIANCE. #ALL OTHER TERMS AND CONDITIONS: PDVSA FOB GTC'S FOR CRUDE OIL ANDIOR PETROLEUM PRODUCTS. # OTHER TERMS AND CONDITION GOVERNED ACCORDING TO LAWS OF THE BOLIVARIAN REPUBLIC OF VENEZUELA, DEMORAS: AS PER CHARTER PARTY RATE. BUT LIMITED TO USD 45,000 PER DAY. ‘THE PARTIES RESPECTIVE RIGHTS, DUTIES AND OBLIGATIONS WITH RESPECT TO DEMURRAGE AND CLAIMS FOR DEMURRAGE SHALL BE GOVERNED BY AND ‘CONSTRUED IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF CLAUSE 8 OF POVSA GENERAL CONDITIONS OF FOB SALES, CALIDAD: ESPECIFICACION UDM —- METODO DE ANALISIS. VALOR, TIPO API GRAVITY@60F(15,5°C) APL D1298 16.0 TYPICAL, ‘SULPHUR CONTENT owt 2622 TO REPORT WATER BY DIST+SEDIM BY EX %vol D4006+D473 4,00 MAXINUM Realizado por: MIGUEL ANGEL PABON Pagina 5 de 5 / 08.12.2022