From: To: References: <00eb01d9f548$c7084a40$5518dec0$@sej-global.com> In-Reply-To: Subject: FW: Loi Date: Wed, 4 Oct 2023 04:50:24 -0700 Message-ID: <005a01d9f6b8$f9efd4c0$edcf7e40$@sej-global.com> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_005B_01D9F67E.4D936DC0" X-Mailer: Microsoft Outlook 16.0 Thread-Index: AQME33si4XEit6B97x6CkBJfbCc91QJOtX/JAkKPumgDAYPreA== Content-Language: en-us X-OlkEid: 00000000DC5BD8652986F94192DFB420325B8F280700C3B68E10F77511CEB4CD00AA00BBB6E600000000000E000069A8DDD4EA3E43449A05B1D5C2B1A0010000000010550000E56994561EA2A04D9F60B6883CA91F2C This is a multipart message in MIME format. ------=_NextPart_000_005B_01D9F67E.4D936DC0 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit From: yarkin.enerji@tutanota.com Sent: Wednesday, October 4, 2023 1:06 AM To: Info Cc: 'Elyas Niroomand Toomaj' ; 'Majid' Subject: RE: Loi Dear sir, Thank you for your great offer. I would like to highlight the following notes, please: 1. Is there a timeline for the super-heavy availability, please? 2. There is a significant delta between your offer and the last sales price from the supplier. Based on the latest information from the supplier the price for the heavy was minus $19 and the light was minus $14.50 (As mentioned in our LoI); as the buyer is ready to purchase and it's a new refinery (we will present the supporting documents in the meeting), and would be forming a long term strategic relationship with this buyer would it be possible to kindly match these offer or what would be the best and final offer, please? 2.1 Please, kindly note that the end-buyer is going to purchase the basket continuously every month, and would be mutually beneficial to offer them the best prices available. 3. Would it be possible to make the payment of 10% at the contract after the test and 90% at the time of the NOR and before the discharge? 4. As we are waiting for the super heavy availability would it be possible to increase the light by one million barrels, please? I would like to thank you in advance for your kind collaboration. We are looking to establish a long-term fruitful cooperation with your esteemed organization. Sincerely yours, Management Team Yarkin Enerji Oct 2, 2023 at 19:24 by info@sej-global.com : Dear Sir , Thank you for the letter No. Ref: C_O_103 dated 25th September 2023, With reference to the meeting, appreciate for your interest in establishing the business with SEJ, regarding crude oil please consider below items for the next steps : 1. For super heavy crude oil we can not supply at this moment 2. For light pure crude oil 1- Quantity: 1,000,000 barrels (Suez size vessel which is in Chinese international waters ) 2- Quality : as attached, light pure crude oil, sulfur content 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 as per contract 5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents with laycan to the destination port, further more permission for dip test at OPL will be issued to the buyer 5-3- buyer will make 10% of the payment based as per provisional invoice which will be issued as per provisional pricing period and after confirmation of the test and POP verification 5-4- vessel will register to the port of discharge after receiving 10% payment and get entry notice 5-5- after tendering NOR, buyer shall make 20% of the total value of the cargo and after that vessel shall get berthing order, after receiving berth order and before discharge buyer shall make the remaining payment up to 100% payment based on provisional value of the cargo, vessel will start for discharging after receiving 100% of the value of the cargo 5-6- price shall be minus 12.50 USD/BBL based on dated brent available quotations during 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 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 paid amount by Buyer under the terms and conditions of this contract, Seller will settle such difference, in the buyer’s nominated bank account. 5-8- for covering price fluctuation buyer shall provide guarantee for 20% of the total provisional value of the cargo in order to guarantee the payment of the price difference between provisional and final price. 5-9-in case that pricing period will be determined before discharge, item no. 5-8 is not required. 3. For heavy crude oil 1- Quantity: 2,000,000 barrels (Suez size vessel which is in Chinese international waters ) 2- Quality : as attached, heavy crude oil, sulfur content of 1.9-2.1 % 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 as per contract 5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents with laycan to the destination port, further more permission for dip test at OPL will be issued to the buyer 5-3- buyer will make 10% of the payment based as per provisional invoice which will be issued as per provisional pricing period and after confirmation of the test and POP verification 5-4- vessel will register to the port of discharge after receiving 10% payment and get entry notice 5-5- after tendering NOR, buyer shall make 20% of the total value of the cargo and after that vessel shall get berthing order, after receiving berth order and before discharge buyer shall make the remaining payment up to 100% payment based on provisional value of the cargo, vessel will start for discharging after receiving 100% of the value of the cargo 5-6- price shall be minus 17.50 USD/BBL based on dated brent available quotations during 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 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 paid amount by Buyer under the terms and conditions of this contract, Seller will settle such difference, in the buyer’s nominated bank account. 5-8- for covering price fluctuation buyer shall provide guarantee for 20% of the total provisional value of the cargo in order to guarantee the payment of the price difference between provisional and final price. 5-9-in case that pricing period will be determined before discharge, item no. 5-8 is not required. 4. Please consider that for other terms of delivery we can negotiate and also if we receive materials like profile, experience histories and bank statement for proof of fund from your good company we can provide SPA to get it signed and proceed. In order to discuss further details please contact us at +35796033090 in WhatsApp . We are looking forward to hearing from you soon. Regards, Commercial department From: yarkin.enerji@tutanota.com > Sent: Monday, September 25, 2023 4:32 AM To: Info > Subject: Loi Hi Sincerely yours, Sales Team Yarkin Enerji ------=_NextPart_000_005B_01D9F67E.4D936DC0 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable

 

 

From: yarkin.enerji@tutanota.com = <yarkin.enerji@tutanota.com>
Sent: Wednesday, October = 4, 2023 1:06 AM
To: Info = <info@sej-global.com>
Cc: 'Elyas Niroomand Toomaj' = <elyas.niroomand@gmail.com>; 'Majid' = <majid.z43@gmail.com>
Subject: RE: = Loi

 

Dear sir,

Thank you for your great offer. I would like = to highlight the following notes, = please: 

 

1. Is there a = timeline for the super-heavy availability, = please? 

2. There is a = significant delta between your offer and the last sales price from the = supplier. Based on the latest information from the supplier the price = for the heavy was minus $19 and the light was minus $14.50 (As mentioned = in our LoI); as the buyer is ready to purchase and it's a new refinery = (we will present the supporting documents in the meeting), and would be = forming a long term strategic relationship with this buyer would it be = possible to kindly match these offer or what would be the best and final = offer, please?

2.1 Please, = kindly note that the end-buyer is going to purchase the basket = continuously every month, and would be mutually beneficial to offer them = the best prices available. 

3. Would it be = possible to make the payment of 10% at the contract after the test and = 90% at the time of the NOR and before the = discharge? 

4. As we are = waiting for the super heavy availability would it be possible to = increase the light by one million barrels, = please? 

I would like = to thank you in advance for your kind collaboration. We are looking to = establish a long-term fruitful cooperation with your esteemed = organization.

Sincerely yours,

Management Team

Yarkin Enerji

 

 

 

Oct 2, 2023 at 19:24 by info@sej-global.com:

 <= /o:p>

Dea= r  Sir ,

&= nbsp;

Tha= nk you for the letter No. Ref: C_O_103  dated 25th  = September 2023, With reference to the meeting, appreciate for your = interest in establishing the business with SEJ, regarding crude oil = please consider below items for the next steps = :

&nb= sp;

  1. For= super heavy crude oil we can not supply at this = moment

 

  1. For= light pure crude oil

 &nb= sp;&= nbsp;         =          =

1-<= /span>&nbs= p;  Qua= ntity: 1,000,000 barrels (Suez size vessel which is in Chinese = international waters )

2-&= nbsp; Quality : as attached, light pure crude oil, sulfur content of = 1.46 %

3-&= nbsp; &nbs= p;Des= tination: 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:

&nb= sp;

5-1= -Buyer shall make 5 million USD advance payment as per = contract

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

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

5-4= - vessel will register to the port of discharge after receiving 10% = payment and get entry notice

5-5= - after tendering NOR, buyer shall make 20% of the total value of the = cargo and after that vessel shall get berthing order, after receiving = berth order and before discharge buyer shall make the remaining payment = up to  100% payment based on provisional value of the cargo, vessel = will start for discharging after receiving 100% of the value of the = cargo

5-6= - price shall be minus 12.50 USD/BBL based on dated brent available = quotations during 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 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 = 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.

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

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

&nb= sp;

  1. For= heavy crude oil

 &nb= sp;&= nbsp;         =          =

1-<= /span>&nbs= p;  Qua= ntity: 2,000,000 barrels (Suez size vessel which is in Chinese = international waters )

2-&= nbsp; Quality : as attached, heavy crude oil, sulfur content of 1.9-2.1 = %

3-&= nbsp; &nbs= p;Des= tination: 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:

&nb= sp;

5-1= -Buyer shall make 5 million USD advance payment as per = contract

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

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

5-4= - vessel will register to the port of discharge after receiving 10% = payment and get entry notice

5-5= - after tendering NOR, buyer shall make 20% of the total value of the = cargo and after that vessel shall get berthing order, after receiving = berth order and before discharge buyer shall make the remaining payment = up to  100% payment based on provisional value of the cargo, vessel = will start for discharging after receiving 100% of the value of the = cargo

5-6= - price shall be minus 17.50 USD/BBL based on dated brent available = quotations during 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 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 = 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.

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

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

&= nbsp;

&nb= sp;

  1. Please = consider that for other terms of delivery we can negotiate and also if = we receive materials like profile, experience histories and bank = statement for proof of fund from your good company we can provide SPA to = get it signed and proceed.

 

 

In = order to discuss further details please contact us at +35796033090 in = WhatsApp .

&= nbsp;

We = are looking forward to hearing from you = soon.

&nb= sp;

Reg= ards,

Com= mercial department

 

 <= /o:p>

Sent: Monday, = September 25, 2023 4:32 AM

Subject: = Loi

 <= /o:p>

Hi

 <= /o:p>

 <= /o:p>

Sincerely = yours,

Sales = Team

Yarkin = Enerji

 <= /o:p>

 

 

------=_NextPart_000_005B_01D9F67E.4D936DC0--