The purpose of this tendering procedure (the “Framework Tender”) is to conclude this Framework Agreement between COVA and Selected Sellers who will be placed on a short list to receive invitations for the different tender procedures for the purchase of CSO-Tickets launched by COVA (“CSO-Tickets Tender”).

The Framework Agreement sets out COVA's tendering procedure for contractual rights to purchase certain volumes of stock of crude oil and oil products, the so-called Compulsory Stock Obligation tickets (“CSO-Tickets”).