Return-Path: Delivered-To: info+spam@sej-global.com Received: from ls277.radcom.hosting by ls277.radcom.hosting with LMTP id uMWlCQ62F2XZTBkAQUtCww (envelope-from ) for ; Sat, 30 Sep 2023 09:15:50 +0330 Return-path: Envelope-to: info@sej-global.com Delivery-date: Sat, 30 Sep 2023 09:15:50 +0330 Received: from mail-qt1-f178.google.com ([209.85.160.178]:58418) by ls277.radcom.hosting with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256 (Exim 4.96) (envelope-from ) id 1qmSnT-006xPb-1o for info@sej-global.com; Sat, 30 Sep 2023 09:15:50 +0330 Received: by mail-qt1-f178.google.com with SMTP id d75a77b69052e-4180b417309so68808741cf.0 for ; Fri, 29 Sep 2023 22:45:45 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20230601; t=1696052744; x=1696657544; darn=sej-global.com; h=cc:to:subject:message-id:date:from:in-reply-to:references :mime-version:from:to:cc:subject:date:message-id:reply-to; bh=oPNF5TkN99LgV46tBb5r3+SnfwoMxBmll+5imqR1xv0=; b=nqdq4ee2dxk2vPLRKQyMQn0NpiV1Vw/NaoJajjpZcjU6P5n8p1YoQcXnhK/FnkP1wV q8Ul9zmlLB+mBY8Mr86H20RFB6I6tIGyTCP0QHfBHnoqPhAALBB9UY9GbvXc1HJV6wnk qngWgMofzlHk9S9i3d7IkiMn/HLhin6GCwp4h/jePrRu6iiMjQyUg2ITapjoz9CFJgO5 lrCMvM463QwFju0dAQ7OR6GUj6zyZooAlKvnb5atdfRIVHXWxCOxMq+LwW512Z63LfBg koXC02N3XpHdNlZMKdSr2XuEmGpfSWsjG0rjBEiQdApXqdg97cCqnoUXB23BZLcOWu68 sFBA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20230601; t=1696052744; x=1696657544; h=cc:to:subject:message-id:date:from:in-reply-to:references :mime-version:x-gm-message-state:from:to:cc:subject:date:message-id :reply-to; bh=oPNF5TkN99LgV46tBb5r3+SnfwoMxBmll+5imqR1xv0=; b=AoKy0q8cYaM+Wn0P8ZmbaSLHB5MpX0WZjG5Y0YLz3NHFdFt3GSW/N591jfoSnHCU12 acI8t+c808VXqvF5vBq9vyxuvf3Bs2yu+oXuXp0WwDHRP6IQAZ0SXYnMDnk98HMnrQGf o737kHvTDm6iqjw6ip629yx3AhKE7o+wS2ss6tyT3zmvBxvwgVntYVyuIExoJGi2Ao9C VmLRfTUfje4ycr5VLWQgWeY7dkwbB7ImI2+pFDEOg329Qdf7qJUyHkVsc3Y7i64jaTvN hRbcNXGdYXgowl6PQ2Ht0UQVoj4Djn2Ot8h6IVOQWF9vudvG+su9dMCdS2UVS8ARaJHD xZsw== X-Gm-Message-State: AOJu0Yy/tFuzL3GLjYmaanM4EiE6m5HrG9oIDD8UNuctYYYpaAjSE/GO ClNp6Qf6yN4zkxhm4MMomAopqwAWyz6Oy55QXPg= X-Google-Smtp-Source: AGHT+IFdZPlFNqG5HAIV1D93vgHdeETO1eLSupGeU8TYB+XZGqMZOsZ94zQ/IWR01P2cyc6bSzA7E0L0vHtYWK3i8uA= X-Received: by 2002:ac8:7d0f:0:b0:419:50c7:f6de with SMTP id g15-20020ac87d0f000000b0041950c7f6demr7471066qtb.39.1696052744401; Fri, 29 Sep 2023 22:45:44 -0700 (PDT) MIME-Version: 1.0 References: <7870e41518ded.65084849@emiholdings.ae> <00ad01d9ea30$8828df10$987a9d30$@sej-global.com> <7880c28f1ffaf.650ae17d@emiholdings.ae> <004e01d9ebd9$e67be490$b373adb0$@sej-global.com> <77f0fe581adf0.650bfa8c@emiholdings.ae> <7a20a9421bb02.650bfd7a@emiholdings.ae> <78c0b54d1b223.650bfdba@emiholdings.ae> <78b0fba61eb6f.650bfdfa@emiholdings.ae> <7810ee2d1c861.650c36b5@emiholdings.ae> <01be01d9eef8$81e8d480$85ba7d80$@sej-global.com> <77e0fc77394c.6513edcd@emiholdings.ae> <7910be35649b.6514261c@emiholdings.ae> In-Reply-To: <7910be35649b.6514261c@emiholdings.ae> From: Elyas Niroomand Toomaj Date: Sat, 30 Sep 2023 09:15:33 +0330 Message-ID: To: George Thomas Cc: Majid , info@femengineering.no, info@sej-global.com, mmoqadassi@yahoo.com Content-Type: multipart/alternative; boundary="00000000000059b91906068d0df3" X-Spam-Status: Yes, score=5.1 X-Spam-Score: 51 X-Spam-Bar: +++++ X-Spam-Report: Spam detection software, running on the system "ls277.radcom.hosting", has identified this incoming email as possible spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: Well received with thanks. We will revert as soon as possible Regards Elyas On Wed, Sep 27, 2023 at 12:25 George Thomas wrote: > Dear Elyas, > > My thanks for providing the document where the intent of the Commercial > Department is outlined, and the conditions stated. I can easily understand, > given the nature of the propos [...] Content analysis details: (5.1 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 2.0 MILLION_USD BODY: Talks about millions of dollars 1.7 DEAR_SOMETHING BODY: Contains 'Dear (something)' 0.0 URIBL_DBL_BLOCKED_OPENDNS ADMINISTRATOR NOTICE: The query to dbl.spamhaus.org was blocked due to usage of an open resolver. See https://www.spamhaus.org/returnc/pub/ [URIs: m.sc] 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider [elyas.niroomand[at]gmail.com] 0.0 DKIM_ADSP_CUSTOM_MED No valid author signature, adsp_override is CUSTOM_MED 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: b.sc] 0.0 HTML_MESSAGE BODY: HTML included in message 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 0.0 KAM_DMARC_STATUS Test Rule for DKIM or SPF Failure with Strict Alignment 0.1 DKIM_INVALID DKIM or DK signature exists, but is not valid 0.0 LOTS_OF_MONEY Huge... sums of money 1.2 NML_ADSP_CUSTOM_MED ADSP custom_med hit, and not from a mailing list X-Spam-Flag: YES Subject: ***SPAM*** Re: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing --00000000000059b91906068d0df3 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Well received with thanks. We will revert as soon as possible Regards Elyas On Wed, Sep 27, 2023 at 12:25 George Thomas wrote: > Dear Elyas, > > My thanks for providing the document where the intent of the Commercial > Department is outlined, and the conditions stated. I can easily understan= d, > given the nature of the proposed clients many of the terms and conditions > in this SPA but I do have some observations which you may wish to conside= r. > They are: > > 1. I have attached a copy of your document which I have reformatted for > ease of reading. In addition, I have removed any spelling errors I found > along with any curious effects in the font sizes and spacing. > > 2. There is a major problem in that SPA does not have any details of the > Seller, thus making it impossible for any proposed Buyer to issue a chequ= e > or make any payments. The Seller, even if a proxy, should be included in > the document. > > 3. The document starts on the basis of a "Tanker Take Over" (TTO) but > continues, correctly I believe, as a Vessel To Tank (VTT) contract, this > anomaly needs correction. > > 4. The document assumes a signature date in the past and thus is not > signable. The signature date and validity need updating. > > 5. It seems to us that there is no value in declaring that the BOL > quantity measure will be the basis of the invoicing. Certainly, it is a > guideline but when the client does the dip test (Q&Q) the measure at that > time must determine what is the maximum potential commercial invoice +/- > 10%. > > 6. Similarly, the quality of the product is stated as an attachment to th= e > contract; if one insists on the possibility of a variance from that quali= ty > statement, the variance allowance must be well defined and not simply a > broad and undefined comments about an 8%ariance. It begs the question, 8% > of what exactly? > > 7. There is a misnumbered "Note" in Article 7, since there is only one > note, it cannot be stated as "Note 3". > > 8. The issuance of the guarantee cheque is understandable but why would a > bona fide Buyer issue a cheque in an amount that was one point four time > the possible maximum invoice. > > 9. Also, once the Buyer has paid the USD two million advance payment as a > cost of gaining dip test authority for the stated quality and quantity of > product, any guarantee cheque should be returned. We have no doubts that > any legal or commercial department would insist on such a return. > > 10. There is a lot of redundancy in Clause 10. Much of the substantive > prose is repeated and this will ultimately cause confusion. The aim shoul= d > be to state it clearly once and only once. > > 11. We took the opportunity to fill in the remainder of Article 13 which > finished mid-sentence and was incomplete. The meaning seemed clear, so I > took the opportunity of completing it. > > Finally, based on telephonic advice we replaced the discount value and > increased the discount it from USD $18 to USD $20 per barrel. > > We are ready to proceed but will need clarity and correction of the issue= s > raised above in this email. I have attached the reformatted and > spell-checked document in both MS Word and PDF format. > > > On 24/09/23 07:05 PM, info@sej-global.com wrote: > > Dear Thomas, > > > > Good evening, > > > > Attached please find the final draft as per our latest procedure and > discussion with Mr. Moghaddasi, > > > > Appreciate if you would fill your company details, sign and stamp and sen= d > it back to proceed. > > > > The vessel is in Qingdao now and waiting for your good instructions. > > > > Looking for your kind feedback, > > > > Regards, > > Elyas > > Commercial department > > > > *From:* info@sej-global.com > *Sent:* Thursday, September 21, 2023 4:09 AM > *To:* 'George Thomas' ; ' > mmoqadassi@yahoo.com' ; 'info@femengineering.no' < > info@femengineering.no>; 'Elyas Niroomand Toomaj' < > elyas.niroomand@gmail.com>; 'Majid' > *Subject:* RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST > |Confirmed Pricing > > > > Dear Thomas , > > > > Good day, > > > > To sum up the discussions and our intention to start working with you, we > can confirm following procedure : > > > > 1. Contract signature > 2. Issue a bank cheque in Dubai with the amount of 140% of total > values of the cargo > 3. Release documents of the vessel and issue dip test authorization > and make dip test at OPL > 4. After dip test result confirmed make 2 million USD payment > 5. Vessel will approach to the port and get entry notice and Buyer > shall pay 20% after entry notice and before vessel entering to anchora= ge > 6. Pre custom shall be under the name of seller till full payment and > cargo agent firstly shall be seller=E2=80=99s nominate company, in cas= e of > termination of the contract due to not payment from the buyer side, bu= yer > shall issue the cancelation letter to the custom latest by 12 hours af= ter > request of the seller > 7. Buyer shall make another 20% after tender NOR at the anchorage > 8. Vessel will get berth order and buyer shall start to make the > remaining payment before discharge up to 100% > > > > Please check the procedure and in case of acceptance let us know to > proceed. > > > > > > Regards, > > Elyas > > > > > > > > *From:* George Thomas > *Sent:* Thursday, September 21, 2023 1:28 AM > *To:* info@sej-global.com; mmoqadassi@yahoo.com; info@femengineering.no; > 'Elyas Niroomand Toomaj' ; 'Majid' < > majid.z43@gmail.com> > *Subject:* RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST > |Confirmed Pricing > *Importance:* High > > > > Dear Sir, > > > > My thanks for your response but unfortunately you are still not matching > the original offer, which has already been made to our clients. It is our > company's responsibility to ensure that the client is real and will > complete the contract on a successful Q&Q at OPL. Our SPA will make the > purchase legally binding upon a compliant Q&Q, plus the client will be > involved in considerable expense to carry out the testing at OPL. Far too > much cost for any organisation which is "playing" or has no real intent t= o > perform. > > > > It is not conceivable that a client will pay USD $2 million for the name > of a ship, which by its very nature can be anywhere the following 24-hour= s > and which could contain any cargo suitable for that vessel. Of course, no > one doubts the veracity of your information but for no apparent reason yo= u > have changed the offer and asking for a level of trust from new clients > that is, in the current market and at this stage of the relationship, > impossible. > > > > Your original offer made excellent sense. The client gains firsthand > knowledge of the cargo by Q&Q; then immediately transfers an advance > payment of USD $2 million, the vessel then proceeds into port and begins = to > discharge the load while the client transfers the balance, always adjusti= ng > at the end of the process by +/- 10%. > > > > If you can keep to your original offer, we can proceed and review the > contract so that it reflects the deal we have in front of us, > > > > Regards > > George A. Thomas > > GM, Legal and Administrative Affairs > > Emirates International Holdings Group > > > > Tel: +971 4 255 2929 > > Cell: +971 55 781 7599 > > Email: george.thomas@emiholdings.ae > > On 20/09/23 07:48 PM, info@sej-global.com wrote: > > Dear Thomas, > > > > Good evening, > > > > Based on our discussion with our management please consider following > items: > > > > 1. We will give you name of the vessel and specification of the on > board cargo > 2. Contract signature > 3. You will make 2 million USD down payment which will be deducted > from final value of the cargo > 4. We will issue the dip test authorization at OPL and give all > requested document > 5. After dip test confirmed result, you will make the remaining > payment up to 100% > 6. We will transfer the title and charter party of the vessel and > instruct the vessel to discharge at your nominated discharge port > > Please advise about above plan and make the required comments on the > contract to proceed. > > Looking forward to hearing from you very soon. > > > > Regards, > > SEJ Company > > > > > > *From:* George Thomas > *Sent:* Wednesday, September 20, 2023 1:12 AM > *To:* info@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; > info@femengineering.no; 'Elyas Niroomand Toomaj' < > elyas.niroomand@gmail.com>; 'Majid' > *Subject:* RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST > |Confirmed Pricing > *Importance:* High > > > > Dear Elyas, > > > > My thanks for your email and quick response. > > > > I wish to refer you to an earlier email (9-4-2023) from you and your > colleague which we based our client's expectations upon and indeed drafte= d > documents in line with your comments. > > The key elements of your email are listed below: > > > > 1. *Vessel name and BL shall be provided and dip test in OPL is also > can be arranged if buyer has representative to perform it* > 2. *Buyer shall make 2 million USD as down payment and buyer shall > nominate storage tank agreement* > 3. *20 % after entry notice to the anchorage* > 4. *80% after berthing notice* > 5. *Vessel will be discharged after full payment received into seller > nominated bank account* > > As you can see, the very first point allows the prospective client to > carry out Q & Q at OPL destination port. This is reasonable and normal > practice. > It is essential that this ability to Q&Q before any advance payment is > agreed in principle prior to any further administrative effort by us to > review, reform and structure the agreement. Offered and agreed terms must > be retained else chaos ensues. > > > > We remember when this possible contract was based on Ex-Shore Tank terms. > We spent a great deal of time and effort (cost) in perfecting the documen= ts > and then the deal did not go ahead for your internal reasons. We cannot > continue to bear the costs when contracts seem to disappear on whim. > > Please revert to the offered terms. > > Regards > > > > George A. Thomas > > GM, Legal and Administrative Affairs > > > > Tel: +971 4 255 2929 > > Cell: +971 55 781 7599 > > Email: george.thomas@emiholdings.aw > > On 18/09/23 05:03 PM, info@sej-global.com wrote: > > Dear Thomas, > > > > Good afternoon, > > > > Thank you for your email. > > > > Regarding 2 million USD down payment we have discussed with Mr. Moghaddas= i > and already informed him about our concerns. > > > > There are many requests and we need to separate the serious buyers, and w= e > have concerns of spreading the information in the market. > > > > For this reason we put down payment and in case of receiving down payment > we will release the vessel information. > > > > This down payment will be deducted from the total value of the cargo, and > our previous buyers has already confirmed for this item and perform it as > per our request. > > > > But for proceeding please correct any item in the contract and then we > will check with our management and inform you about it. > > > > Looking forward to hearing from you very soon. > > > > > > Regards=E2=80=99 > > Elyas > > > > > > > > > > > > > > *From:* George Thomas > *Sent:* Monday, September 18, 2023 1:53 AM > *To:* info@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; > info@femengineering.no; 'Elyas Niroomand Toomaj' < > elyas.niroomand@gmail.com>; 'Majid' > *Subject:* RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST > |Confirmed Pricing > *Importance:* High > > > > Dear Elyas, > > > > My sincere thanks for your email; I began reviewing the document but > immediately there is a condition which was not agreed in our previous > discussions. > > The offending clause is as below: > > > > *Note 1:* > > *After contract signing, the buyer will make the payment of 2 million US= D > in the seller=E2=80=99s nominated bank account and after receiving the do= wn > payment, the seller will send a copy of the full set of shipping/cargo > documents to the buyer for verification and acceptance.* > > Please review and send us an agreement that reflects the prior discussion= s, > > > > Regards, > > George A. Thomas > > GM, Legal and Administrative Affairs > > Emirates International Holdings Group > > > > Tel: +971 4 255 2929 > > Cell: +971 55 781 7599 > > Email: george.thomas@emiholdings.ae > > > > > > -- --------- Elyas Niroomand Toomaj, B.Sc. in Petroleum Engineering, Sharif University of Technology M.Sc. in Drilling & Production Engineering, Sahand University of Technology Cell: +98 (915) 8518624 Email: Elyas.niroomand@gmail.com --00000000000059b91906068d0df3 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
Well received with thanks.
=C2=A0We will revert= as soon as possible=C2=A0
Regards=C2=A0
Elyas=C2=A0

On Wed, Sep 27, 2023 at 12:25 George Thomas = <george.thomas@emiholdin= gs.ae> wrote:
Dear Elyas,
My thanks for providing the document where the intent of t= he Commercial Department is outlined, and the conditions stated. I can easi= ly understand, given the nature of the proposed clients many of the terms a= nd conditions in this SPA but I do have some observations which you may wis= h to consider. They are:

1. I have attached a copy= of your document which I have reformatted for ease of reading. In addition= , I have removed any spelling errors I found along with any curious effects= in the font sizes and spacing.

2. There is a majo= r problem in that SPA does not have any details of the Seller, thus making = it impossible for any proposed Buyer to issue a cheque or make any payments= . The Seller, even if a proxy, should be included in the document.

3. The document starts on the basis of a "Tanker Take= Over" (TTO) but continues, correctly I believe, as a Vessel To Tank (= VTT) contract, this anomaly needs correction.

4. T= he document assumes a signature date in the past and thus is not signable. = The signature date and validity need updating.

5. = It seems to us that there is no value in declaring that the BOL quantity me= asure will be the basis of the invoicing. Certainly, it is a guideline but = when the client does the dip test (Q&Q) the measure at that time must d= etermine what is the maximum potential commercial invoice +/- 10%.

6. Similarly, the quality of the product is stated as an a= ttachment to the contract; if one insists on the possibility of a variance = from that quality statement, the variance allowance must be well defined an= d not simply a broad and undefined comments about an 8%ariance. It begs the= question, 8% of what exactly?

7. There is a misnu= mbered "Note" in Article 7, since there is only one note, it cann= ot be stated as "Note 3".

8. The issuanc= e of the guarantee cheque is understandable but why would a bona fide Buyer= issue a cheque in an amount that was one point four time the possible maxi= mum invoice.

9. Also, once the Buyer has paid the = USD two million advance payment as a cost of gaining dip test authority for= the stated quality and quantity of product, any guarantee cheque should be= returned. We have no doubts that any legal or commercial department would = insist on such a return.

10. There is a lot of red= undancy in Clause 10. Much of the substantive prose is repeated and this wi= ll ultimately cause confusion. The aim should be to state it clearly once a= nd only once.

11. We took the opportunity to fill = in the remainder of Article 13 which finished mid-sentence and was incomple= te. The meaning seemed clear, so I took the opportunity of completing it.

Finally, based on telephonic advice we replaced the= discount value and increased the discount it from USD $18 to USD $20 per b= arrel.

We are ready to proceed but will need clari= ty and correction of the issues raised above in this email. I have attached= the reformatted and spell-checked document in both MS Word and PDF format.=


On 24/09/23 07:05 PM, info@sej-global.com wrote:

Dear Thomas,

= =C2=A0

Good evening,

=C2=A0

Attached = please find the final draft as per our latest procedure and discussion with= Mr. Moghaddasi,

=C2=A0

Appreciate if you would fill your company deta= ils, sign and stamp and send it back to proceed.

=C2=A0

The vessel is= in Qingdao now and waiting for your good instructions.

=C2=A0

Looking= for your kind feedback,

=C2= =A0

Regards,

Elyas

Commercial depart= ment

=C2=A0

=

From: info@sej-global.com <info@sej-global.com>
Sen= t: Thursday, September 21, 2023 4:09 AM
To: 'George Thoma= s' <george.thomas@emiholdings.ae>; 'mmoqadassi@yahoo.com' <mmoqadassi@yahoo.com>; = 'info@femen= gineering.no' <info@femengineering.no>; 'Elyas Niroomand Toomaj'= ; <elyas.= niroomand@gmail.com>; 'Majid' <majid.z43@gmail.com>
Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pri= cing

=C2=A0

Dear Thomas ,

=C2=A0

Good day,<= /u>

=C2=A0

To sum up the discussions and our intention to start working with you, we= can confirm following procedure :

= =C2=A0

  1. Contract signature <= u>
  2. Issue a bank cheque in Dubai with the amount of 140% = of total values of the cargo
  3. Release documents of th= e vessel and issue dip test authorization and make dip test at OPL <= u>
  4. After dip test result confirmed make 2 million USD payment <= u>
  5. Vessel will approach to the port and get entry notice= and Buyer shall pay 20% after entry notice and before vessel entering to a= nchorage
  6. Pre custom shall be under the name of selle= r till full payment and cargo agent firstly shall be seller=E2=80=99s nomin= ate company, in case of termination of the contract due to not payment from= the buyer side, buyer shall issue the cancelation letter to the custom lat= est by 12 hours after request of the seller
  7. Buyer sha= ll make another 20% after tender NOR at the anchorage
    8. Vessel will get berth order and buyer shall start to make the remaining p= ayment before discharge up to 100%

=C2=A0

Please check the proc= edure and in case of acceptance let us know to proceed.

=C2=A0

= =C2=A0

Regards,

Elyas

=C2=A0=

=C2=A0

=C2=A0

From: = George Thomas <george.thomas@emiholdings.ae>
Sent: Thursday, Se= ptember 21, 2023 1:28 AM
To: info@sej-global.com; mmoqadassi@yahoo.com; info@femengineering.no; 'El= yas Niroomand Toomaj' <elyas.niroomand@gmail.com>; 'Majid' <majid.z43@gmail.com<= /a>>
Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25= TH AUGUST |Confirmed Pricing
Importance: High

=C2=A0

D= ear Sir,

=C2=A0<= /p>

My thanks for your response but unfort= unately you are still not matching the original offer, which has already be= en made to our clients. It is our company's responsibility to ensure th= at the client is real and will complete the contract on a successful Q&= Q at OPL. Our SPA will make the purchase legally binding upon a compliant Q= &Q, plus the client will be involved in considerable expense to carry o= ut the testing at OPL. Far too much cost for any organisation which is &quo= t;playing" or has no real intent to perform.

=C2=A0

It is not conceivable that a client will pay USD $2 million for th= e name of a ship, which by its very nature can be anywhere the following 24= -hours and which could contain any cargo suitable for that vessel. Of cours= e, no one doubts the veracity of your information but for no apparent reaso= n you have changed the offer and asking for a level of trust from new clien= ts that is, in the current market and at this stage of the relationship, im= possible.

=C2=A0<= u>

Your original offer made excell= ent sense. The client gains firsthand knowledge of the cargo by Q&Q; th= en immediately transfers an advance payment of USD $2 million, the vessel t= hen proceeds into port and begins to discharge the load while the client tr= ansfers the balance, always adjusting at the end of the process by +/- 10%.=

=C2=A0

If you can keep to your original offer, = we can proceed and review the contract so that it reflects the deal we have= in front of us,

= =C2=A0

Regards

George A= . Thomas

GM, Legal and A= dministrative Affairs

Em= irates International Holdings Group

=C2=A0

Tel: = +971 4 255 2929

Cell: +9= 71 55 781 7599

Email: george.thom= as@emiholdings.ae

On 20/09/23 07:48 PM, info@sej-global.com wrote:

<= div>

Dear = Thomas,

=C2=A0

Good evening,

= =C2=A0

Based on our discussion with= our management please consider following items:

=C2=A0

  1. We will give = you name of the vessel and specification of the on board cargo
  2. Contract signature
  3. You will make 2 million USD down payment which will be deduct= ed from final value of the cargo
  4. W= e will issue the dip test authorization at OPL and give all requested docum= ent
  5. After dip test confirmed resul= t, you will make the remaining payment up to 100%
  6. We will trans= fer the title and charter party of the vessel and instruct the vessel to di= scharge at your nominated discharge port

Please advise about above plan and make the required comment= s on the contract to proceed.

Looki= ng forward to hearing from you very soon.

=C2=A0

Regards,

SEJ Company

=C2=A0

=C2=A0<= /p>

From: George Thomas <george.thomas@em= iholdings.ae>
Sent: Wednesday, September 20, 2023 1:12 AM=
To: inf= o@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; info@femengineering.no; 'Elyas Niroo= mand Toomaj' <elyas.niroomand@gmail.com>; 'Majid' <majid.z43@gmail.com>Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST= |Confirmed Pricing
Importance: High

=C2=A0

Dear Elyas= ,

=C2=A0

My thanks for your email and quick response.<= u>

=C2=A0

=

I wish to refer you to an earlier email (= 9-4-2023) from you and your colleague which we based our client's expec= tations upon and indeed drafted documents in line with your comments.

The key elements of your emai= l are listed below:

=C2= =A0

  1. Vessel name and BL shall be provided and dip test in OPL i= s also can be arranged if buyer has representative to perform it=
  2. Buyer shall make 2 mill= ion USD as down payment and buyer shall nominate storage tank agreement
  3. 20 % after entry= notice to the anchorage
  4. 80% after berthing notice
  5. <= span style=3D"color:red">Vessel will be discharged after full payment recei= ved into seller nominated bank account

As you can see, the very first point allows= the prospective client to carry out Q & Q at OPL destination port. Thi= s is reasonable and normal practice.
It is essential that this ability t= o Q&Q before any advance payment is agreed in principle prior to any fu= rther administrative effort by us to review, reform and structure the agree= ment. Offered and agreed terms must be retained else chaos ensues.

=C2=A0

We remember when this possible contract was based= on Ex-Shore Tank terms. We spent a great deal of time and effort (cost) in= perfecting the documents and then the deal did not go ahead for your inter= nal reasons. We cannot continue to bear the costs when contracts seem to di= sappear on whim.

Please = revert to the offered terms.

Regards

=C2= =A0

George A. Thomas<= /u>

GM, Legal and Administrative Affai= rs

=C2=A0<= /p>

Tel: +971 4 255 2929

=

Cell: +971 55 781 7599

<= /div>

Email: george.thomas@emiholdings.aw

On 1= 8/09/23 05:03 PM, = info@sej-global.com wrote:

Dear Thomas,

=C2=A0

Good afternoo= n,

=C2=A0

Thank you for your email.

=C2=A0

Regarding 2 million U= SD down payment we have discussed with Mr. Moghaddasi and already informed = him about our concerns.

=C2=A0

There are many requests and we need to = separate the serious buyers, and we have concerns of spreading the informat= ion in the market.

=C2=A0=

For this reason we put down payment and in c= ase of receiving down payment we will release the vessel information.

=C2=A0

This down payment will be deducted from the total value of the cargo= , and our previous buyers has already confirmed for this item and perform i= t as per our request.

=C2=A0

But for proceeding please correct any it= em in the contract and then we will check with our management and inform yo= u about it.

=C2=A0

Looking forward to hearing from you very soon. =

=C2=A0

=C2=A0

Regards=E2=80=99

Elyas

=C2=A0

=C2=A0<= /u>

=C2=A0<= u>

=C2=A0

=C2=A0

=C2=A0=

From: George Thomas <george.thomas= @emiholdings.ae>
Sent: Monday, September 18, 2023 1:53 AM=
To: inf= o@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; info@femengineering.no; 'Elyas Niroo= mand Toomaj' <elyas.niroomand@gmail.com>; 'Majid' <majid.z43@gmail.com>Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST= |Confirmed Pricing
Importance: High

=C2=A0

Dear Elyas= ,

=C2=A0

My sincere thanks for your email; I began rev= iewing the document but immediately there is a condition which was not agre= ed in our previous discussions.

The offending clause is as below:

=C2=A0

Note 1:=

After contrac= t signing, the buyer will make the payment of=C2=A0 2 million USD in the se= ller=E2=80=99s nominated bank account and after receiving the down payment,= the seller will send a copy of the full set of shipping/cargo documents to= the buyer for verification and acceptance.

Please review and send us an agreement that = reflects the prior discussions,

=C2=A0

Re= gards,

George A. Thomas<= u>

GM, Legal and Administra= tive Affairs

Emirates In= ternational Holdings Group

=C2=A0

Tel: +971 4 25= 5 2929

Cell: +971 55 781= 7599

<= p class=3D"MsoNormal">=C2=A0

=C2=A0

=

-- <= br>
=C2=A0
--------= -

Elyas Niroomand Toomaj,

B.Sc. i= n Petroleum Engineering,=C2=A0 Sharif University of Technology

M.Sc. in Drilling & Production Engine= ering, Sahand University of Technology

Cell: += 98=C2=A0 (915) 8518624

Email: Elyas.niroomand@gmail.com
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