DIESEL ULSD 10 ppm EN590

FOB delivery ports: Rotterdam, Fujairah, Jurong
Origin of products: Kazakhstan. Supplier: direct Kazakhstan Refinery

ULSD 10 ppm EN590 monthly quantities: 20,000 to 300,000 MT
Jet A1 monthly quantities: 500,000 to 3,000,000 Bbls
Light Cycle Oil monthly quantities: 20,000 to 300,000 MT

1. Once Buyer’s agreement with this current Transaction Procedure is confirmed, a preliminary NCNDA is established and Buyer issues ICPO containing the Seller’s working procedure, CIS or detailed Corporate Profile and CPA with a reputable tanker company, for the Seller’s approval.

2. Seller issues Commercial Invoice (CI), Buyer signs and returns CI with provision of Buyer’s Vessel Charter Party Agreement (CPA) for approval (CPA must reflect Seller’s Refinery name as Supplier).

3. Upon verification, clarification and location of Buyer vessel chartered as per CPA, Seller introduces Tank Farm Company (that is storing the Seller’s product) and TSR to Buyer. Buyer will verify with the Tank Farm Company the availability & quantity of product in the tank(s) before extending the Seller’s tank(s) for 2 days. The payment for tank extension is made along with registration of Buyer company name with the port Authority and terminal control management as the consignee of the oil products to enable Buyer and SGS teams to have access into the port to conduct dip test of the oil products in Seller tank(s). Seller provides:
a. Certificate of Origin
b. Commitment Letter to Supply
c. Notice of Readiness
d. Authorization to Sell and Collect
e. Fresh SGS
f. Authorization to Verify (ATV)

4. After the verification of the above documents, Buyer provides Q88 with full details of the Vessel’s Captain, including readiness to receive the product into the vessel (RTRF), to Seller. If Buyer cannot provide reliable and ready Q88 at the loading port, Buyer shall pay for the Title Transfer to enable Buyer to take over the product in Seller’s tank(s)

5. Pre-Injection report DTA is provided. Buyer appoints testing team SGS or equivalent to conduct Dip Test in Seller tank(s) before injection to Buyer’s Vessel. If the SGS report indicates that the product to be supplied fails to meet the specification, the Seller shall with immediate effect refund the 2 days storage tank lease extension back to the Buyer.

6. As soon as the SGS Dip Test passes, Buyer will make 100% Full Payment of the product via MT103/TT to Seller’s nominated Bank and provide Bank Transfer Slip for confirmation. Thereafter, the product will be injected into Buyer’s Vessel.

7. Seller provides Title Ownership documents to the Buyer upon the final confirmation of Buyer payment.

8. Seller pays Commissions to Seller’s side and Buyer’s side as structured in the NCNDA / IMFPA. Monthly deliveries continue as Contractually agreed.

————————————————- End of Transaction procedure———————————————————-

IMPORTANT NOTES:
Seller can deliver:

• JET A1 at fixed prices currently equivalent to an average discount to Platts between 15% and 20%
• ULSD 10 ppm EN590 and Light Cycle Oil at fixed prices currently equivalent to an average discount to Platts between 20% and 30%.
• Final Price is provided to a confirmed Buyer and will depend on product, delivery port, quantity and specifications.
• The above transaction procedure wording is final and will not be changed.
• The standard template for the ICPO to be issued on the Buyer’s letterhead is attached as Annex 1. Following a preliminary NCNDA, Vox will pre-fill and send the ICPO template to the Buyer side with the filled information pertaining to the specific transaction.
• Buyer’s Charter Party Agreement (CPA) shall be established directly between Buyer and a reputable, Top 40 tanker company. CPAs established with Shipping brokers will not be accepted.
• Once documentation mentioned in Paragraph 1 is provided and reviewed by Seller, a conference call may be established if required, between the End Buyer and the direct Seller. Intermediary parties can attend this call.
• Commercial Invoice and subsequent Seller side documentation will be issued by the direct Seller.
• Seller will do only 12 months Contract (No spot deals).
• Consultancy fees for Seller side and Buyer side intermediaries are included in the price paid by Buyer and are transferred by Seller to the intermediary parties.
• Seller side of consultancy fees is closed and includes the Vox team and other seller side parties. Available consultancy fees are to $1 per barrel for Jet A1 and $5 per MT for EN590 or LCO, fully open for sharing among the buyer side intermediaries.

ANNEX 1
ICPO TEMPLATE
ON BUYERS’ LETTERHEAD
DATE:
TO: (Seller Rep)
CC: ops@vox-oil.com – Seller representative/Referring Broker
CC: xxxxxxx – Referring Broker
CC: xxxxxxx. – Referring Broker
FROM: (Buyer)
Irrevocable Corporate Purchase Order
(or Letter of Interest to Purchase)
(BUYER) is domiciled in (COUNTRY) operating in good standing with our Government. We confirm that
(BUYER COMPANY) are ready, willing and able to purchase the following commodities;
1. BUYER: xxxx
2. COMMODITY: xxxx
3. CARGO ORIGIN: (Any OR Non-sanctioned OR Specific country)
4. QUANTITY: xxxx MT/Bbls trial shipment and xxxx MT/Bbls per Month for 12 Months
5. TARGET PRICE: Equivalent to xx% discount to the applicable Platts
6. TOTAL BROKER FEES: $xxxx per Metric Ton/Bbl, included in the price and agreed upon, accepted by Buyer
7. DELIVERY PORT: xxxx
8. CPA WITH: (Name of tanker shipping company with which CPA is established)
9. SPECIFICATIONS: ATTACH Requested Specs Sheet
10. PAYMENT TERMS: Bank Wire After Delivery
11. TOP 100 BUYER’S BANK: xxxx
BUYER’S NAME/COMPANY:
REPRESENTED BY/POSITION:
ADDRESS:
EMAIL ADDRESS, TELEPHONE:

(TEXT OF THE TRANSACTION PROCEDURE)

FOB delivery ports: Rotterdam, Fujairah, Jurong
Origin of products: Kazakhstan. Supplier: direct Kazakhstan Refinery

ULSD 10 ppm EN590 monthly quantities: 20,000 to 300,000 MT
Jet A1 monthly quantities: 500,000 to 3,000,000 Bbls
Light Cycle Oil monthly quantities: 20,000 to 300,000 MT

1. Once Buyer’s agreement with this current Transaction Procedure is confirmed, a preliminary NCNDA is established and Buyer issues ICPO containing the Seller’s working procedure, CIS or detailed Corporate Profile and TSA or equivalent, for the Seller’s approval.

2. Seller issues Commercial Invoice (CI) and ICC WARNING LETTER, for the available quantity in the storage tank(s) in Rotterdam, Fujairah or Jurong port terminal.

3. Buyer signs and then returns the Commercial Invoice with NCNDA/IMFPA signed by all Buyer Groups with commissions structures.

4. Seller issues a 3 days unconditional dip test authorization (DTA) to be endorsed by Seller Company, Buyer Company and Buyer’s logistic company. Upon confirmation of the signed DTA by both parties, Seller programs the injection and then issues to Buyer the following documents:
a. FRESH SGS REPORT, INSPECTED IN ROTTERDAM/ FUJAIRAH/ JURONG PORT TERMINAL;
b. TANK STORAGE RECEIPT (TSR) WITH GPS COORDINATES;
c.(ATV) AUTHORIZATION TO VERIFY;
d. INJECTION REPORT to SHORE TANKs ROTTERDAM/ FUJAIRAH JURONG PORT TERMINAL;
e. CERTIFICATE OF ORIGIN;
f. AUTHORIZATION TO SELL (ATSC).

5. Buyer upon physical verification of the product and PPOP confirmation orders SGS to conduct dip test in the Seller’s Storage Tank(s) at the Buyer’s expense.

6. Upon successful dip test, Buyer presents the Tank Storage Receipt (TSR).

7. Seller commences injection immediately into Buyer’s tank(s) and issues to Buyer the Title of Ownership certificate to be followed by all export documentation.

8. Buyer makes payment by MT103 or TT wire transfer or GPI for the total product and lifts the product; Seller pays all intermediaries involved in the transaction. Monthly deliveries continue as Contractually agreed and commissions as per NCNDA/IMFPA.

—————————————– End of Transaction procedure——————————————————

IMPORTANT NOTES:
Seller can deliver:
• JET A1 at fixed prices currently equivalent to an average discount to Platts between 15% and 20%
• ULSD 10 ppm EN590 and Light Cycle Oil at fixed prices currently equivalent to an average discount to Platts between 20% and 30%.
• Final Price is provided to a confirmed Buyer and will depend on product, delivery port, quantity and specifications.
• The above transaction procedure wording is final and will not be changed.
• The standard template for the ICPO to be issued on the Buyer’s letterhead is attached as Annex 1. Following a preliminary NCNDA, Vox will pre-fill and send the ICPO template to the Buyer side with the filled information pertaining to the specific transaction.
• Buyer’s tank storage agreement (TSA) or equivalent shall be established directly between Buyer and a reputable tank farm. Storage JVs will not be accepted.
• Once documentation mentioned in Paragraph 1 is provided and reviewed by Seller, a conference call may be established if required, between the End Buyer and the direct Seller. Intermediary parties can attend this call.
• Commercial Invoice and subsequent Seller side documentation will be issued by the direct Seller.
• Buyer’s tank farm shall not be included in a blacklist (https://ferm-rotterdam.nl/blacklist/ or equivalent).
• Seller will do only 12 months Contract (No spot deals).
• Consultancy fees for Seller side and Buyer side intermediaries are included in the price paid by Buyer and are transferred by Seller to the intermediary parties.
• Seller side of consultancy fees is closed and includes the Vox team and other seller side parties. Available consultancy fees are to $1 per barrel for Jet A1 and $5 per MT for EN590 or LCO, fully open for sharing among the buyer side intermediaries.

ANNEX 1
ICPO TEMPLATE
ON BUYERS’ LETTERHEAD
DATE:
TO: (Seller Rep)
CC: ops@vox-oil.com – Seller representative/Referring Broker
CC: xxxxxxx – Referring Broker
CC: xxxxxxx. – Referring Broker
FROM: (Buyer)
Irrevocable Corporate Purchase Order
(or Letter of Interest to Purchase)
(BUYER) is domiciled in (COUNTRY) operating in good standing with our Government. We confirm that
(BUYER COMPANY) are ready, willing and able to purchase the following commodities;
1. BUYER: xxxx
2. COMMODITY: xxxx
3. CARGO ORIGIN: (Any OR Non-sanctioned OR Specific country)
4. QUANTITY: xxxx MT/Bbls trial shipment and xxxx MT/Bbls per Month for 12 Months
5. TARGET PRICE: Equivalent to xx% discount to the applicable Platts
6. TOTAL BROKER FEES: $xxxx per Metric Ton/Bbl, included in the price and agreed upon, accepted by Buyer
7. DELIVERY PORT: xxxx
8. RECEIVING TERMINAL: (Name of receiving tank farm at the delivery port)
9. SPECIFICATIONS: ATTACH Requested Specs Sheet
10. PAYMENT TERMS: Bank Wire After Delivery
11. TOP 100 BUYER’S BANK: xxxx
BUYER’S NAME/COMPANY:
REPRESENTED BY/POSITION:
ADDRESS:
EMAIL ADDRESS, TELEPHONE:

(TEXT OF THE TRANSACTION PROCEDURE)

To all safe worldwide ports
Origin of products: Kazakhstan. Supplier: direct Kazakhstan Refinery

ULSD 10 ppm EN590 monthly quantities: 20,000 to 300,000 MT
Jet A1 monthly quantities: 500,000 to 3,000,000 Bbls
Light Cycle Oil monthly quantities: 20,000 to 300,000 MT
LNG monthly quantities: 20,000 to 300,000 MT

1. Once Buyer’s agreement with this current Transaction Procedure is confirmed, a preliminary NCNDA is established and Buyer issues ICPO containing the Seller’s working procedure, CIS or detailed Corporate Profile, photo page passport copy and Certificate of Incorporation to Seller.

2. Seller issues the Sales & Purchase Agreement (SPA) draft Contract for the Buyer’s review; the draft Contract must be duly endorsed and returned by the Buyer with a Letter of Undertaken to perform obligations under the Contract.

3. Seller approves the signed Sales & Purchase Agreement (SPA) draft Contract, for official notarization with the relevant government ministries. After which, Seller issues the partial proof of product and other documents as follows:
a) Pro forma Commercial Invoice as confirmed and approved by Buyer
b) Statement of product availability
c) Allocation Letter/Refinery Commitment
d) Sample of the Fully Funded SBLC (STANDBY LETTER OF CREDIT MT 760) or BG (BANK GUARANTEE MT 760) to be issued by Buyer, accepted and approved by Buyer’s Bank
e) ICC Warning Letter
f) Final NCNDA/IMFPA

4. The Buyer’s Bank, within 72 (Seventy-Two) hours, issues the pre-advice (RWA) in the form of MT799/MT760 via SWIFT to the Refinery nominated fiduciary Bank with the agreed wordings and texts. The text of the BG/SBLC to follow should state the validity for 12 months in the amount of the average monthly deliveries, with the price calculated according to agreed discount from the date of issuance of the Commercial Invoice. After the acceptance of the wordings, texts and formats, within 7 (Seven) banking days the Buyer Bank issues BG/SBLC in the form of MT760 via SWIFT to the refinery nominated fiduciary Bank.

5. In a situation where the Buyer is not able to issue a BANK GUARANTEE (BG) / STANDBY LETTER OF CREDIT (SBLC) within 7 days, Buyer would make a provisional payment of USD $185,000 by MT 103/ T/T Wire transfer to enable Seller to conduct allocation and loading of the product in accordance with the shipping and delivery schedule. It is important to note that Buyer is mandatorily required to either issue a BANK GUARANTEE (BG) / STANDBY LETTER OF CREDIT (SBLC) or issue a provisional payment of USD $185,000 via wire transfer to Seller before the process of loading the product into the Vessel, and subsequent sailing of the Vessel to Buyer’s discharge port. The Contract would be unilaterally cancelled in the event that Buyer fails to perform its contractual obligations as defined herein.

6. Upon Buyer’s compliance and fulfilment of contractual obligation in accordance with the terms and conditions of the signed Sales & Purchase Agreement (SPA), Seller shall commence and complete loading of the product and shipment arrangements within 14 to 21 days after compliance, and confirmation of Buyer’s BG / SBLC at Seller’s fiduciary Bank, after which Seller shall send the full shipping documents to Buyer via registered courier mail prior to departure of vessel to the Buyer’s designated discharge port.
The documents are:

a) Copy of the beneficiary’s unpaid final Commercial Invoice, duly signed
b) Certificate of Quality and Quantity issued by SGS, Intertek, Saybolt or equivalent
c) Full set of Bill of Lading (3 original copies)
d) Vessel Notice of Readiness (NOR)
e) Marine Insurance Certificate
f) Ullage report
g) Cargo Manifest
h) Vessel Q88
i) Certificate of Origin
j) IMO registration information

7. Within 21-30 days, upon arrival of the product at Buyer’s destination port, the Buyer conducts Inspection of the product by SGS or similar at Buyer expense, and Buyer transfers the outstanding payment MT103 for the Seller’s Commercial Invoice and with respect to the Q/Q Reports issued at the port of loading and shipment. Seller transfers title and ownership documents to the Buyer.

8. Seller pays commission to intermediaries as per IMFPA having received the full payment for the product within three (3) banking days.

————————————————– End of Transaction Procedure——————————————–

IMPORTANT NOTES:
Seller can deliver:
• JET A1 at fixed prices currently equivalent to an average discount to Platts between 15% and 20%; ULSD 10 ppm EN590, Light Cycle Oil and LNG at fixed prices currently equivalent to an average discount between 20% and 30%.
• Final Price is provided to a confirmed Buyer and will depend on product, delivery port, quantity and specifications.
• The standard template for the ICPO to be issued on the Buyer’s letterhead is attached as Annex 1. Following a preliminary NCNDA, Vox will pre-fill and send the ICPO template to the Buyer side with the filled information pertaining to the specific transaction.
• Once documentation mentioned in Paragraph 1 is provided and reviewed by Seller, a conference call may be established if required, between the End Buyer and the direct Seller. Intermediary parties can attend this call.
• Seller will do only 12 months Contract (No spot deals).
• Consultancy fees for Seller side and Buyer side intermediaries are included in the price paid by Buyer and are transferred by Seller to the intermediary parties. Seller side of consultancy fees is closed and includes the Vox team and other seller side parties. Available consultancy fees are to $1 per barrel for Jet A1 and $5 per MT for EN590, LCO and LNG, fully open for sharing among the buyer side intermediaries.

ANNEX 1
ICPO TEMPLATE
ON BUYERS’ LETTERHEAD
DATE:
TO: (Seller Rep)
CC: ops@vox-oil.com – Seller representative/Referring Broker
CC: xxxxxxx – Referring Broker
CC: xxxxxxx. – Referring Broker
FROM: (Buyer)
Irrevocable Corporate Purchase Order
(or Letter of Interest to Purchase)
(BUYER) is domiciled in (COUNTRY) operating in good standing with our Government. We confirm that
(BUYER COMPANY) are ready, willing and able to purchase the following commodities;
1. BUYER: xxxx
2. COMMODITY: xxxx
3. CARGO ORIGIN: (Any OR Non-sanctioned OR Specific country)
4. QUANTITY: xxxx MT/Bbls trial shipment and xxxx MT/Bbls per Month for 12 Months
5. TARGET PRICE: Equivalent to xx% discount to the applicable Platts
6. TOTAL BROKER FEES: $xxxx per Metric Ton/Bbl, included in the price and agreed upon, accepted by Buyer
7. DELIVERY PORT: xxxx
8. RECEIVING TERMINAL: (Name of receiving tank farm/terminal at the delivery port)
9. SPECIFICATIONS: ATTACHED Requested Specs Sheet
10. PAYMENT TERMS: Bank Wire After Delivery
11. TOP 100 BUYER’S BANK: xxxx
BUYER’S NAME/COMPANY:
REPRESENTED BY/POSITION:
ADDRESS:
EMAIL ADDRESS, TELEPHONE:

(TEXT OF THE TRANSACTION PROCEDURE)

SHIP TO SHORE TANKS OR SHIP TO SHIP DELIVERIES
Seller: US based title holder

1. Once Buyer’s agreement with this current Transaction Procedure is confirmed, a preliminary NCNDA is established, and Buyer sends an LOI on the Buyer’s letterhead (template below as Annex 1) along with a CIS, KYC or detailed Corporate Profile. LOI should include product specs and Buyer agreed broker fees.

2. After receiving an LOI, Seller’s office staff will:
a. Confirm the business entity is in good standing;
b. Contact the LOI signor to arrange an introductory call. A representative of each side’s brokers/intermediaries can attend this call.
c. Seller communicates Proof of Funds (or credit) amount to issue an offer.
d. Seller does not send out “Soft Corporate Offers”.

3. Proof of Funds (POF) is requested based on the product amount on the LOI document. POF (or Credit) is sent to the Seller’s office, attorney or bankers.

4. Documents are exchanged “Buyer/Seller”; and if amenable:

a) Seller issues a Formal Corporate offer (“FCO”) to the Buyer only.
b) FCO contains price, amount, banking, ports and specification.
c) Prices are WELL BELOW PLATTS.
d) Final price and delivery depend on the product, amount, load and discharge ports.

5. When the FCO is Buyer accepted Seller issues the Sale Purchase Agreement (“SPA”).
a) The SPA is given ONLY to the BUYER
b) This SPA has price, timeline, product, banking, insurance and other tacit data
c) Brokers receive a Fee Protection Agreement (FPA) sent to the Seller’s USA attorney

6. When the Buyer signs and returns the Sale Purchase Agreement:
a. The SPA is registered with Seller’s attorney, Refinery Corporate Office & Seller’s banker
b. The Buyer’s banker transmits the Collateral Instrument after SPA signing

7. When the Collateral Instrument is validated, Seller issues a 2% PB and loads a vessel at the Seller’s expense
a. Bank Instruments are held by the Seller’s EU Asset Manager or USA Attorney
b. Bank Instruments stay in the holding account and are returned at Contract end

8. Upon loading Product & Delivery Documents are sent ONLY to the Buyer; including:
a. Charter Party Agreement, Q88 Vessel Questionnaire
b. Bill of Lading with Inspection Report (SGS, EuroFin, Saybolt, Intertek, other)
c. Certificate of Origin and Analysis with Ullage Report
d. Notice of Readiness with ETA to Target Port
e. Vessel/Product Insurance Policy (Lloyds of London)

9. The Buyer gets [wet signature] HARD COPY documents via Courier.
a. Seller’s signature will be on many of these documents.
b. The Buyer can track and/or communicate with the vessel in transit.

10. Prior to arrival Seller signs the Authorization to Board (ATB).
a. Seller signs a Dip Test Authorization (DTA) to the BUYER
b. Customs unseals ship tanks with Seller’s and Buyer’s representatives (local rules apply)
c. Buyer inspects cargo and receives Commercial Invoice (CI)
d. Seller signs over the Certificate of Ownership [TITLE] Transfer. Seller’s signature will pass Title (as product owner).

11. A Bank Wire is due within 3 banking days after CI issuance.

————————————— End of Transaction Procedure ————————————–

IMPORTANT NOTES:

Specific action steps may be discussed between Buyer and Seller on the preliminary conference call.

Minimum monthly quantity for Jet A1 or Crude Oil: 1 million barrels
Minimum monthly quantity for ULSD EN590 and other grades: 50,000 MT

Seller is the TITLE HOLDER (signatory seller; NOT brokering) delivering at own expense with NO upfront fees. Lloyds vessel policy guarantees Seller delivers as per Contract.

Seller company was established in 2006 and is a US domiciled company in good standing with Secretary of State which is verifiable on the Secretary of States website.
Seller has offices in the US and Shanghai (China).
We will provide all direct links to the Secretary of States verification website, Company offices, Registered Attorney and Seller’s website.

Final Price is given to a confirmed Buyer and will depend on product, amount, specifications, load and discharge ports.
Seller can deliver at an average of 15% BELOW PLATTS to a qualified Buyer:
• Light Crude Oils of several origins with sulfur % 0.29 to 0.54. Seller is currently delivering Crude Oil into Ningbo (China) and other locations.
• ULSD Diesel 10 ppm
• Jet Fuel A1
• Gasoline 93, 95
• LPG, LNG
• Light Cycle Oil (LCO)
• Bitumen (various grades)
• Urea, granular
• Pet Coke (various grades)
Seller will do only 12 months Contract (No trial/spot).

Seller is a “Bulk Wholesaler’, NOT a retailer. Seller does NOT have fuel just sitting around. Seller has Refiner Agreements globally (Exxon Mobil, PEMEX and others). Products origin can be either Germany (for CIF NWE, etc), Mexico (for CIF Houston, etc), Oman or other.

POF is needed as the Seller is the TITLE HOLDER to the products delivered. Confirmation is required that Buyer can send payment via MT103 [bank wire] and issue a Collateral Instrument (BG/SBLC) from an acceptable Bank (or confirmed by an acceptable Bank).

POF Option One: Documents/data must be less than 30 days old:
• Bank Statement, Banker Signed Tear Sheet, Bank Capacity Letter (BCL), Banker to Client Email, Bank to Seller’s office email or other supporting documents acceptable.
• A ‘banker signed’ Ready Willing and Able (RWA) letter to issue a BG/SBLC on behalf of the Buyer (suggested RWA letter verbiage can be provided)

POF Option Two: the Buyer sends an Authorization to Verify (ATV) document. Seller can provide an ATV template.
Seller’s banker will validate the Buyer’s capacity to issue a BG/SBLC.

Consultancy fees for seller and buyer side intermediaries are included in the price paid by Buyer and are transferred by the Seller’s Paymaster (US attorney) to intermediary parties. Seller side of commissions is closed.

ANNEX 1

LOI TEMPLATE
ON BUYERS’ LETTERHEAD
DATE:
TO: (Title holder Seller representative)
CC: ops@vox-oil.com – Seller representative/Referring Broker
CC: xxxxxxx – Referring Broker
CC: xxxxxxx. – Referring Broker
FROM: (End Buyer)
Letter of Interest to Purchase
(BUYER) is domiciled in (COUNTRY) operating in good standing with our Government. We confirm that
(BUYER COMPANY) are ready, willing and able to purchase the following commodities;
1. BUYER: XXXXXXX
2. COMMODITY: XXXXXXXXXXXXXX
3. CARGO ORIGIN: (Any OR Non-sanctioned OR Specific country)
4. QUANTITY: XX MT/Bbls trial shipment followed by XX MT/Bbls per Month for 12 Months
5. TARGET PRICE: Equivalent to xx% discount to the applicable Platts
6. TOTAL BROKER FEES: $ per Metric Ton/Bbl, included in the price
7. DISCHARGE Country, port: xxxxxxxx
8. RECEIVING TERMINAL: (Name of receiving terminal or tank farm at the discharge port)
9. SPECIFICATIONS: ATTACH Requested Specs Sheet
10. INSPECTION: Sellers Expense at Load Port (SGS, Intertek, Saybolt, etc)
11. PROOF OF PRODUCT: Documents as listed in the Sales & Purchase Agreement
12. PAYMENT TERMS: Bank Wire AFTER Delivery/Inspection at discharge port
13. WORLD TOP 100 BUYER’S BANK DETAILS:
• BUYERS BANK THAT WILL ISSUE THE BANK INSTRUMENT:
• BUYERS BANK BRANCH ADDRESS:
• ACCOUNT HOLDER NAME:
• (If applicable) BUYERS BANK TO CONFIRM THE BANK INSTRUMENT
• (If applicable) CONFIRMING BUYERS BANK BRANCH ADDRESS
• (If applicable) ACCOUNT HOLDER NAME IN CONFIRMING BUYERS BANK
Source or confirming/correspondent Bank is within the world Top 100 ranking.
In case of our LOI acceptance, we declare the ability to sign and carry out an annual Contract. We understand that
any offer or Contracts are subject to successful Seller verification of funds and prefer to engage with the product
owner with signatory authority to negotiate price and protocols.
We also declare our general acceptance of the Transaction Procedure Overview (Annex 1) and are ready to discuss
and agree upon specific action steps with the Seller.
BUYER’S NAME/COMPANY:
REPRESENTED BY/POSITION:
ADDRESS:
EMAIL ADDRESS, TELEPHONE:
SIGNATURE:
_____________________________________

(TEXT OF THE TRANSACTION PROCEDURE)