MIME-Version: 1.0 To: "abunader@emiholdings.ae" , "mmoqadassi@yahoo.com" , "george.thomas@emiholdings.ae" , "info@femengineering.no" , Elyas Niroomand Toomaj From: Info Subject: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST Date: Mon, 28 Aug 2023 22:42:55 -0700 Importance: normal X-Priority: 3 Content-Type: multipart/alternative; boundary="_FE28AF02-34FA-43DB-992D-4B6BE45C5797_" --_FE28AF02-34FA-43DB-992D-4B6BE45C5797_ Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset="utf-8" Dear=C2=A0 Sir ,=20 Thank you for the LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUSt , W= ith reference to the meeting, appreciate for your interest in establishing = the business=C2=A0with SEJ, regarding crude oil please consider below items= for the next steps : light blend crude oil=20 =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 =C2=A0= =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 1-=C2=A0=C2=A0=C2=A0Quantity: 2,000,000 barrels (VLCC size vessel which is = in Chinese international waters ) 2-=C2=A0 Quality : as attached, light blended crude oil sulfur content 1.73= % 3-=C2=A0=C2=A0=C2=A0Destination: it shall be mentioned in the contract so p= lease advise=C2=A0the exact destination (discharge port) and name of the re= finery=C2=A0 4- Terms of delivery: CFR , one safe port in China 5- Payment terms: =C2=A0 5-1-Buyer shall make 5 million USD advance payment or other acceptable guar= antees=20 5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents wi= th laycan to the destination port, further more permission for dip test wil= l be issued to the buyer 5-3- buyer will make 10% of the payment based as per provisional invoice wh= ich will be issued as per provisional pricing period and after confirmation= of the test and POP verification 5-4- vessel will tender NOR at the destination port and buyer will start to= make remaining payment before discharge 5-5- after 100% payment based on provisional value of the cargo, vessel wil= l start for discharging 5-6- price shall be minus 14.00 USD/BBL based on ICE brent available quotat= ions during August 2023 or other mutual confirmed pricing period =C2=A0 5-7- The final value of Cargo shall be determined and paid based on contrac= tual unit price calculated as per final pricing period =C2=A0(deducting the= provisional paid amount) to Seller latest by three calendar days from the = last calendar day of the respective pricing period of the contract. In case the final value of the whole Cargo is less than the provisional pai= d amount by Buyer under the terms and conditions of this contract, Seller w= ill settle such difference, in the buyer=E2=80=99s nominated bank account. 5-8- for covering price fluctuation buyer shall provide guarantee for 20% o= f the total provisional value of the cargo in order to guarantee the paymen= t of the price difference between provisional and final price. 5-9-in case that pricing period will be determined before discharge, item n= o. 5-8 is not required. light pure crude oil=20 =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 =C2=A0= =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 1-=C2=A0=C2=A0=C2=A0Quantity: 1,000,000 barrels (Suez size vessel which is = in Chinese international waters ) 2-=C2=A0 Quality : as attached, light pure crude oil, sulfur content of 1.4= 6 % 3-=C2=A0=C2=A0=C2=A0Destination: it shall be mentioned in the contract so p= lease advise=C2=A0the exact destination (discharge port) and name of the re= finery=C2=A0 4- Terms of delivery: CFR , one safe port in China 5- Payment terms: =C2=A0 5-1-Buyer shall make 5 million USD advance payment or other acceptable guar= antees=20 5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents wi= th laycan to the destination port, further more permission for dip test wil= l be issued to the buyer 5-3- buyer will make 10% of the payment based as per provisional invoice wh= ich will be issued as per provisional pricing period and after confirmation= of the test and POP verification 5-4- vessel will tender NOR at the destination port and buyer will start to= make remaining payment before discharge 5-5- after 100% payment based on provisional value of the cargo, vessel wil= l start for discharging 5-6- price shall be minus 11.00 USD/BBL based on ICE brent available quotat= ions during August 2023 or other mutual confirmed pricing period =C2=A0 5-7- The final value of Cargo shall be determined and paid based on contrac= tual unit price calculated as per final pricing period =C2=A0(deducting the= provisional paid amount) to Seller latest by three calendar days from the = last calendar day of the respective pricing period of the contract. In case the final value of the whole Cargo is less than the provisional pai= d amount by Buyer under the terms and conditions of this contract, Seller w= ill settle such difference, in the buyer=E2=80=99s nominated bank account. 5-8- for covering price fluctuation buyer shall provide guarantee for 20% o= f the total provisional value of the cargo in order to guarantee the paymen= t of the price difference between provisional and final price. 5-9-in case that pricing period will be determined before discharge, item n= o. 5-8 is not required. light blend crude oil -DDU- =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 =C2=A0= =C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0 1-=C2=A0=C2=A0=C2=A0Quantity: 2,000,000 barrels 2-=C2=A0 Quality : as attached, light blended crude oil sulfur content 1.73= % 3-=C2=A0=C2=A0=C2=A0Destination: Dongjiakou=20 4- Terms of delivery: DDU 5- Payment terms: =C2=A0 5-1-Buyer shall make 5 million USD advance payment or other acceptable guar= antees=20 5-2- Seller shall provide tank receipts, custom declarations and tank numbe= rs , Vessel name, BL , CCIC and other POP, further more permission for dip = test will be issued to the buyer 5-3- buyer will make 100% of the payment based as per provisional invoice w= hich will be issued as per provisional pricing period and after confirmatio= n of the test and POP verification 5-5- price shall be minus 14.00 USD/BBL based on ICE brent available quotat= ions during August 2023 or other mutual confirmed pricing period =C2=A0 5-6- The final value of Cargo shall be determined and paid based on contrac= tual unit price calculated as per final pricing period =C2=A0(deducting the= provisional paid amount) to Seller latest by three calendar days from the = last calendar day of the respective pricing period of the contract. In case the final value of the whole Cargo is less than the provisional pai= d amount by Buyer under the terms and conditions of this contract, Seller w= ill settle such difference, in the buyer=E2=80=99s nominated bank account. 5-7- for covering price fluctuation buyer shall provide guarantee for 20% o= f the total provisional value of the cargo in order to guarantee the paymen= t of the price difference between provisional and final price. 5-8-in case that pricing period will be determined before discharge, item n= o. 5-8 is not required. Please consider that for other terms of delivery we can negotiate and also = if we receive LOI from your good company we can provide SPA to get it signe= d and proceed. =C2=A0 In order to discuss further details please contact us at +989158518624. =C2=A0 We are looking forward to hearing from you soon. Regards, Commercial department=20 Sent from Mail for Windows --_FE28AF02-34FA-43DB-992D-4B6BE45C5797_ Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="utf-8"

Dear  Sir ,

&nb= sp;

Thank you for= the LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUSt , Wit= h reference to the meeting, appreciate for your interest in establishing th= e business with SEJ, regarding crude oil please consider below items f= or the next steps :

 

 

light blend crude oil

  = ;           &nb= sp;       

1- =   Quantity: 2,000,000 barrels (VLCC size vessel which is = in Chinese international waters )

2-  Qualit= y : as attached, light blended crude oil sulfur content 1.73 %

3-   Destination: it shall be mentioned in = the contract so please advise the exact destination (discharge port) a= nd name of the refinery 

4- Terms of delivery:= CFR , one safe port in China

5- Payment terms:

 

5-1-Buyer shall make 5 = million USD advance payment or other acceptable guarantees <= /o:p>

5-2- Seller shall provide Vessel name, BL , CCIC and other POP doc= uments with laycan to the destination port, further more permission for dip= test will be issued to the buyer

5-3- buyer will= make 10% of the payment based as per provisional invoice which will be iss= ued as per provisional pricing period and after confirmation of the test an= d POP verification

5-4- vessel will tender NOR at t= he destination port and buyer will start to make remaining payment before d= ischarge

5-5- after 100% payment based on provision= al value of the cargo, vessel will start for discharging

5-6- price shall be minus 14.00 USD/BBL based on ICE brent available= quotations during August 2023 or other mutual confirmed pricing period &nb= sp;

5-7- The final value of Cargo shall be determin= ed and paid based on contractual unit price calculated as per final pricing= period  (deducting the provisional paid amount) to Seller latest by t= hree calendar days from the last calendar day of the respective pricing per= iod of the contract.

In case the final value of the= whole Cargo is less than the provisional paid amount by Buyer under the te= rms and conditions of this contract, Seller will settle such difference, in= the buyer=E2=80=99s nominated bank account.

5-8- f= or covering price fluctuation buyer shall provide guarantee for 20% of the = total provisional value of the cargo in order to guarantee the payment of t= he price difference between provisional and final price.<= /p>

5-9-= in case that pricing period will be determined before discharge, item no. 5= -8 is not required.

 

 

 

light pure crude = oil

       &nbs= p;             =

1-   Quantity: 1,000,000 barre= ls (Suez size vessel which is in Chinese international waters )

2-  Quality : as attached, light pure crude oil, sulfur c= ontent of 1.46 %

3-   Destination: it shall be mentioned in the contract so please advise = ;the exact destination (discharge port) and name of the refinery 

4- Terms of delivery: CFR , one safe port in China

5- Payment terms:

 =

5-1-Buyer shall make 5 million USD advance payment or oth= er acceptable guarantees

5-2- Seller shall provide= Vessel name, BL , CCIC and other POP documents with laycan to the destinat= ion port, further more permission for dip test will be issued to the buyer<= /span>

5-3- buyer will make 10% of the payment based as pe= r provisional invoice which will be issued as per provisional pricing perio= d and after confirmation of the test and POP verification

5-4- vessel will tender NOR at the destination port and buyer will s= tart to make remaining payment before discharge=

5-5= - after 100% payment based on provisional value of the cargo, vessel will s= tart for discharging

5-6- price shall be minus 11.0= 0 USD/BBL based on ICE brent available quotations during August 2023 or oth= er mutual confirmed pricing period  

5-7- The = final value of Cargo shall be determined and paid based on contractual unit= price calculated as per final pricing period  (deducting the provisio= nal paid amount) to Seller latest by three calendar days from the last cale= ndar day of the respective pricing period of the contract.

In case the final value of the whole Cargo is less than the provisi= onal paid amount by Buyer under the terms and conditions of this contract, = Seller will settle such difference, in the buyer=E2=80=99s nominated bank a= ccount.

5-8- for covering price fluctuation buyer s= hall provide guarantee for 20% of the total provisional value of the cargo = in order to guarantee the payment of the price difference between provision= al and final price.

5-9-in case that pricing period will be d= etermined before discharge, item no. 5-8 is not required.=

 

 =

&nb= sp;

=  

light blend crude oil -DDU-

  &nb= sp;             = ;     

1-   Quantity: 2,000,000 barrels

2-  Qualit= y : as attached, light blended crude oil sulfur content 1.73 %

3-   Destination: Dongjiakou

4- Terms of delivery: DDU

5- Payment ter= ms:

 

5-1-Buyer shall= make 5 million USD advance payment or other acceptable guarantees <= span style=3D'font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222= '>

5-2- Seller shall provide tank receipts, custom declaratio= ns and tank numbers , Vessel name, BL , CCIC and other POP, further more pe= rmission for dip test will be issued to the buyer

5= -3- buyer will make 100% of the payment based as per provisional invoice wh= ich will be issued as per provisional pricing period and after confirmation= of the test and POP verification

5-5- price shal= l be minus 14.00 USD/BBL based on ICE brent available quotations during Aug= ust 2023 or other mutual confirmed pricing period  

5-6- The final value of Cargo shall be determined and paid based on = contractual unit price calculated as per final pricing period  (deduct= ing the provisional paid amount) to Seller latest by three calendar days fr= om the last calendar day of the respective pricing period of the contract.<= /span>

In case the final value of the whole Cargo is less = than the provisional paid amount by Buyer under the terms and conditions of= this contract, Seller will settle such difference, in the buyer=E2=80=99s = nominated bank account.

5-7- for covering price flu= ctuation buyer shall provide guarantee for 20% of the total provisional val= ue of the cargo in order to guarantee the payment of the price difference b= etween provisional and final price.

5-8-in case that pricing = period will be determined before discharge, item no. 5-8 is not required.

 

Please consider that for other terms of= delivery we can negotiate and also if we receive LOI from your good compan= y we can provide SPA to get it signed and proceed.

 

 =

I= n order to discuss further details please contact us at +989158518624.

=  

We are looking forward to hearing from you soon.

=

 

Regards,

Commercial departmen= t

 

 

=  

Sent from Mail for Windows

 

= --_FE28AF02-34FA-43DB-992D-4B6BE45C5797_--