Ref: Rickard Fus
SOFT CORPORATE OFFER
TTM is possible in the Seller’s office in Poland / Rotterdam  + past Performance +Refinery Allocation Letter + 2% PBG advance upon receiving MT705 Pre-advise 

To: End Buyer
We, GUBS OIL Company, on behalf of our supplier, hereby state and represent that it is our corporate intention to sell commodity EN590 10ppm (ULSD) in the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and responsibility:

COMMODITY: EN590 10ppm (ULSD)

ORIGIN: Egypt with Barcode and customs documents

SPECIFICATIONS: EN590 10ppm Standard

TOTAL/CONTRACT QUANTITY: First lift 100.000 MT, then up to 300.000 MT per month in 12 months. Extension possible.

PACKAGING: Bulk

DELIVERY SIZE: 100.000 -300.000 MT +/- 5% (One vessel)

DELIVERY SCHEDULE: Delivery schedule in the SPA

MODE OF PAYMENT:

The seller shall issue the initial 2% PBG upon receipt of the MT705 pre-advice from the buyer’s bank to the seller’s bank

1. REGULAR S.P.A. RDLC MT700 for the monthly Value for 12 months, then after loading MT103/202

2. REGULAR S.P.A. SBLC MT760 for the monthly Value for 12 months +1 day, then after loading MT103/202

3. REGULAR S.P.A. SBLC MT760 for the monthly Value for 12 months +1 day, then on delivery to the receiving Port, MT103/202.

MODE OF SECURE LOGISTIC SERVICE: T.B.A.

PRICE:
*** 200,000 MT: Price minus -$15 USD per MT FOB Med Platt  (3 days average) – Platts code AAWYY00

LOADING SEA PORT: Ain Sokhna – Egypt

INSPECTION: SGS, BV or Similar Organisation

DOCUMENTS: FOR RELEASE PAYMENT ON DELIVERY TO VESSEL: T.B.A. at S.P.A.

Procedure 1.

TRANSACTION PROCEDURE FOB –  To Ain Sokhna – Egypt

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1. The Buyer issues an LOI with CIS
2. The Seller issues the SCO with CIS
3. The Buyer issues the ICPO / TSA / POF (bank Statement print screen with an attorney attestation letter or signed and stamped by the CEO to our CEO).
4. The Seller issues SPA with the first lift of 100,000 MT and regular deliveries at up to 300,000 MT per month in a minimum 12-month contract.
5. The Buyer and Seller sign the SPA and lodge it with their banks, and the Buyer’s bank issues Pre-Advise RDLC SWIFT MT705 to the Seller’s bank and RWA MT799 (confirm ARDLC MT700) to the Seller’s Bank. The Seller’s bank, upon receiving the Pre-Advice ARDLC Swift MT705, responds with 2% PBG of the monthly ARDLC value to the Buyer’s Bank.
6. Within five (5) banking days, Buyer Bank will issue ARDLC SWIFT MT700 service from a Top 50 EU/US Bank or true Top 25 EU corresponding bank to Seller’s Bank account.
7. The Seller loads the first vessel with 100,000 MT, providing the following documents to the Buyer within 3-15 working days:
   a. Commitment to Supply
   b. Statement of Availability of Product
   c. Certificate of Origin
   d. ATV (Authorization to Verify)
   e. Product Passport
   f. Seller’s Certificate of Incorporation
   g. Q88 (Vessel Questionnaire 88) and other shipping documents
   h. Bill of Lading
   i. SGS Report at Loading Port
   j. Export License
   k. Dip Test Authorization (DTA)
   l. Authorization to Board (ATB)
   m. Copies of Charter Party Agreement(s) for product transfer to the discharge port
   n. Notice of Readiness (NOR) / Estimated Time of Arrival (ETA)
8. The Buyer schedules a Quality & Quantity (Q&Q) dip test by SGS or BV in the seller’s vessel (optional). The Buyer conducts a dip test on the vessel.
9. Upon confirmation that the dip test results match product specifications, the Buyer sends the Injection Report to the Seller.
10. Once the Injection Report is confirmed, the Buyer transfers the full payment for the injected product via MT103/202 within 24 hours to the Seller’s designated bank account.
11. After receiving the payment, the Seller transfers ownership title to the Buyer, and the vessel proceeds to the Buyer’s port of destination.
12. The Seller delivers the next shipment as per the SPA terms and conditions

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Or Procedure No. 2 

TRANSACTION PROCEDURE (FOB): To Ain Sokhna – Egypt 

1. The Buyer issues an LOI with CIS
2. The Seller issues the SCO with CIS
3. The Buyer issues ICPO / TSA or CPA / POF (bank Statement print screen with an attorney attestation letter or signed and stamped by the CEO to our CEO only).
4. The Seller issues a Sales and Purchase Agreement (SPA) to the Buyer, and both parties sign and lodge it with their banks.
5. The Buyer’s bank provides a pre-advice SBLC via SWIFT MT705 for the first lift of 100,000 MT together with an RWA MT799 (that covers the SBLC).
6. The Seller’s bank responds with a 2% Performance Bank Guarantee (PBG) of the SBLC’s monthly value.
7. Within five (5) banking days, the Buyer’s bank issues the SBLC via SWIFT MT760 service from a Top 50 EU/US Bank or true a Top 25 corresponding EU bank to the Seller’s bank account.
8. The Seller loads the first vessel with 100,000 MT, providing the following documents to the Buyer within 3-15 working days:         
   a. Commitment to Supply
   b. Statement of Availability of Product
   c. Certificate of Origin
   d. ATV (Authorization to Verify)
   e. Product Passport
   f. Seller’s Certificate of Incorporation
   g. Q88 (Vessel Questionnaire 88) and other shipping documents
   h. Bill of Lading
   i. SGS or BV Report at Loading Port
   j. Export License
   k. Dip Test Authorization (DTA)
   l. Authorization to Board (ATB)
   m. Copies of Charter Party Agreement(s) for product transfer to the discharge port
   n. Notice of Readiness (NOR) / Estimated Time of Arrival (ETA)
9. The Buyer conducts a dip test on the vessel.
10. Upon confirmation that the dip test results match product specifications, the Buyer sends the Injection Report to the Seller.
11. Once the Injection Report is confirmed, the Buyer transfers the full payment for the injected product via MT103/202 to the Seller’s designated bank account.
12. After receiving the payment, the Seller transfers ownership title to the Buyer, and the vessel proceeds to the Buyer’s port of destination.
13. The next shipment will occur as per the contract

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Or Procedure No. 3 

TRANSACTION PROCEDURE (FOB): To Ain Sokhna – Egypt

 

1. The Buyer issues an LOI with CIS
2. The Seller issues the SCO with CIS
3. The Buyer issues ICPO/TSA/POF (bank Statement print screen with attorney attestation letter or signed and stamped by the CEO to our CEO only).
4. The Seller issues a Sales and Purchase Agreement (SPA) to the Buyer, and both parties sign and lodge it with their banks.
5. The Buyer’s bank provides a pre-advice SBLC via SWIFT MT705 for the first lift of 100,000 MT together with an RWA MT799 (that covers the SBLC).
6. The Seller’s bank responds with a 2% Performance Bank Guarantee (PBG) of the SBLC’s monthly value.
7. Within five (5) banking days, the Buyer’s bank issues the SBLC via SWIFT MT760 service from Top 50 EU/US Bank or a true Top 25 corresponding EU bank to the Seller’s bank account.
8. The Seller loads the first vessel with 100,000 MT, providing the following documents to the Buyer within 3-15 working days:          a. Commitment to Supply
   b. Statement of Availability of Product
   c. Certificate of Origin
   d. ATV (Authorization to Verify)
   e. Product Passport
   f. Seller’s Certificate of Incorporation
   g. Q88 (Vessel Questionnaire 88) and other shipping documents
   h. Bill of Lading
   i. SGS or BV Report at Loading Port
   j. Export License
   k. Dip Test Authorization (DTA)
   l. Authorization to Board (ATB)
   m. Copies of Charter Party Agreement(s) for product transfer to the discharge port
   n. Notice of Readiness (NOR) / Estimated Time of Arrival (ETA)
9. The Buyer conducts a dip test on the vessel.
10. Upon confirmation that the dip test results match product specifications, the Buyer sends the Injection Report to the Seller.
11. Once the Injection Report is confirmed, the seller sends the NOR to the Buyer, and the vessel proceeds to the Buyer’s port of destination.
12. When the vessel arrives at the Buyer’s port of destination, the Buyer can conduct a dip test on the vessel (option), and after the test result, the Buyer transfers the full payment for the injected product via MT103/202 to the Seller’s designated bank account.
13. After receiving the payment, the Seller transfers ownership title to the Buyer, and the unloading of the vessel starts.
14. The next shipment will occur as per the contract