RECITALS:WHEREAS THE SELLER WITH FULL AUTHORITY, HEREBY AGREES TO SUPPLY AND DELIVER THE HEREIN MENTIONED CRUDE OIL AND FULFILL ALL THE REQUIREMENTS REFERENCED TO HEREIN AND SHALL PROVIDE THE REFERENCED CRUDE UNDER THE TERMS AND CONDITIONS AND AT THE TIME SO AGREED BY BOTH PARTIES.WHEREAS THE SELLER MAKES AN IRREVOCABLE AND FIRM COMMITMENT TO SELL AND DELIVER AND THE BUYER ALSO MAKES AN IRREVOCABLE AND FIRM COMMITMENT TO PURCHASE AND TAKE DELIVERY OF THE SAID PRODUCTDEFINITIONS: