Our Introductory Letter of Petroleum Business

REF: 001/260126

Dear Sirs:

Your below email received with thanks & duly noted.

Please be informed that we are able to help your Petroleum Buyers to sign a Wholesale Annual SPA with delivery of product into his Tank Storage at the Destination port.

MOQ (Minimal Order Quantity per month for Annual Wholesale SPA):
Crude Oil MOQ: 1M barrels

Jet A1 MOQ: 1M barrels

EN590 10ppm MOQ: 100,000 Metric Tons

Gasoline: (87-93 Octane) MOQ: 100,000 Metric Tons

LNG (bulk or T75s) MOQ: 100,000 Metric Tons

LPG MOQ: 100,000 Metric Tons

Light Cycle Oil (LCO) MOQ: 100,000 Metric Tons

Bitumen MOQ: 100,000 Metric Tons

Pet Coke (used for Steel) MOQ: 100,000 Metric Tons

Our Seller/Titleholder is a US Company (since 2006) with great opportunities to sign Annual Wholesale SPA with several International Refineries in different parts of the World.

The Buyer must give us the name of the port of Destination first, then we are able to tell him if we can help him to sign the Annual Wholesale SPA.

Your Reseller must be a Qualified Buyer:
1). Bank not less than TOP-50 with competent Bank Officer;
2). International Trading Manager;
3). Preferably own Legal Department;
4). Own or rent Tank Storage at port of Destination.

Procedure:
The Standard International Operation Procedure for Annual Wholesale SPA:
1). The Collateral: SBLC for one month shipment with duration 12-Month;
2). Seller will issue compulsory 2% Performance Bond against SBLC;
3). Payment: When a vessel with cargo arrives at the port of destination, Buyer will pay by MT103 after passing Q&Q SGS Inspection.

Price:
1). the best price (CIF) at the moment of signing SPA, which exists on the secondary petroleum market;
2). Price in SPA is only Index Price: Platts – Discount (constant).

Options:
1). We can discuss the delivery on FOB port Hamburg only;
2). All others deliver only CIF at port of Destination with unloading into Buyer’s Tanks Storage.

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Best Regards,
Alex/PGN & Marinex team
for name and on behalf of Mr. Volodymyr GONTAR/Partner Group Network & First Assistant of US Petroleum Broker

Our proposal of Petroleum products & Crude oil

We propose you the following program:

1). You (as Buyer's side) will issue DRAFT LOI (with required specification for EN590 10 ppm
or other required product by you).
2). We will send your DRAFT LOI to our US Broker for approval to receive Green Light from him to issue LOI.
3). You will issue LOI on Buyer's Letterhead with Signature and Stamp.
4). Our US Broker will register your LOI in Seller's Office.
5). After approval your LOI by Seller - You start to work according to Seller's Procedures directly with US Seller/Titleholder.

Remark: DRAFT LOI.

Text with the specified below data, with the Seller's Procedure, Product Specification, Buyer's Bank Name and the country in which it is located. There is no need to insert the names of companies and directors and their contact details in the DRAFT LOI.

We have the following opportunities:

Delivery on CIF in Buyer's port of Destination (Wholesale).

The quantity is 50,000 - 100,000 mt per Month x 12 Month
Price: the Code of Platts - Discount in MT of EN590

Please include in your Buyer's LOI:
Name of product;
Specification of product;
Origin of product, which Buyer requires;
Duration of Contract: 12-months (Annual SPA);
Quantity of Product per month;
Quantity of Product per year/12 months;

Procedure (core): LOI / Zoom / POF / FCO / SPA / SBLC / 2%PB / MT103:
a). Buyer sends LOI.
b). Seller, Buyer and Mediators provide the Introductory Zoom Video Conference.
c). Buyers shows POF to Seller.
d). Seller sends FCO directly to Buyer. If Buyer accept FCO - Seller issues SPA.
e). Buyers issues SBLC (SBLC amount is 110% of the monthly contract cargo value.).
f). Seller issues 2% Performance Bond.
g). When vessel arrived in port of Destination – Buyer pays MT103 for delivered cargo.

Delivery on CIF: port of Destination;
Target Price; (Index Platts : Platts Code - good Discount);
Buyer’s Collateral: SBLC;
Buyer’s Payment terms: MT103;
Buyer's bank name and Rating in TOP listing.

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