MIME-Version: 1.0 To: "info@gpi-fze.com" , "Info@sej-global.com" Cc: "globalpi2002@gmail.com" , Elyas Niroomand Toomaj , "majid.z43@gmail.com" From: Commercial Subject: RE: LOI -. GPI/1016/2023 and GPI -1015-2023 Date: Thu, 22 Jun 2023 00:28:26 -0700 Importance: normal X-Priority: 3 In-Reply-To: References: Content-Type: multipart/alternative; boundary="_9E78516E-CD10-499D-B236-7C3BB56C194E_" --_9E78516E-CD10-499D-B236-7C3BB56C194E_ Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset="utf-8" Dear Sir,=20 With reference to your letter No. GPI/1016/2023 and GPI -1015-2023=C2=A0,= =C2=A0Thank you for your interest in establishing the business=C2=A0with SE= J, regarding your letter please consider below items for the next steps : LOI GPI-1016-2023 for 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 in your letter, light blended crude oil 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 July 2023 or other mutual confirmed pricing period =20 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. LOI GPI-1015-2023 for 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 in your letter, Heavy crude oil 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 16.00 USD/BBL based on ICE brent available quotat= ions during July 2023 or other mutual confirmed pricing period =20 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. =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 =C2=A0 Sent from Mail for Windows From: info@gpi-fze.com Sent: Thursday, June 15, 2023 4:39 AM To: Info@sej-global.com; Commercial@sej-global.com Cc: globalpi2002@gmail.com Subject: LOI Dear Sirs, Enclosed, please find our two LOIs. Regards GPI --_9E78516E-CD10-499D-B236-7C3BB56C194E_ Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="utf-8"

Dear Sir,

 

With reference to your letter N= o. GPI/1016/2023 and GPI -1015-2023 , Thank you= for your interest in establishing the business with SEJ, regarding yo= ur letter please consider below items for the next steps :

 

 

LOI GPI= -1016-2023 for light blend crude oil

<= span style=3D'font-size:12.0pt;font-family:SimSun;color:black'>            &n= bsp;        

<= p class=3DMsoNormal style=3D'margin-left:42.0pt;background:white;font-varia= nt-ligatures: normal;font-variant-caps: normal;orphans: 2;text-align:start;= widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial= ;text-decoration-style: initial;text-decoration-color: initial;background-i= mage:initial;background-position:initial;background-size: initial;backgroun= d-repeat:initial;background-origin: initial;background-clip: initial;word-s= pacing:0px'>1-   Quantity: 2,000,000 barrels= (VLCC size vessel which is in Chinese international waters )

2-  Quality : as attached in your lett= er, light blended crude oil

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

4- T= erms of delivery: CFR , one safe port in China<= /p>

5- Payment terms:

 

5-1-Buyer shall m= ake 5 million USD advance payment or other acceptable guarantees =

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

5-3- buyer will make 10% of the payment base= d as per provisional invoice which will be issued as per provisional pricin= g period and after confirmation of the test and POP verification<= o:p>

5-4- vessel will tender NOR at the desti= nation port and buyer will start to make remaining payment before discharge=

5-5- after 100% payment based= on provisional 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 July 2023 or other mutu= al confirmed pricing period =C2=A0

5-7- The final value of Cargo shall be determined and paid based on c= ontractual unit price calculated as per final pricing period  (deducti= ng the provisional paid amount) to Seller latest by three calendar days fro= m 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 ter= ms 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 guara= ntee for 20% of the total provisional value of the cargo in order to guaran= tee the payment of the price difference between provisional and final price= .

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

 

<= span style=3D'font-size:12.0pt;font-family:SimSun;color:black'> <= /o:p>

 

LOI GPI-1015-2023 for light blend crude oil <= /o:p>

         =             

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

2-  Quality : as atta= ched in your letter, Heavy crude oil

3-   Destination: it shall be mentione= d in the contract so please advise the exact destination (discharge po= rt) and name of the refinery 

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

5- Payment terms:

 

5-1-Buy= er shall make 5 million USD advance payment or other acceptable guarantees =

5-2- Seller shall provide Ves= sel name, BL , CCIC and other POP documents 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 pa= yment based as per provisional invoice which will be issued as per provisio= nal pricing period and after confirmation of the test and POP verification<= /span>

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

5-5- after 100% pay= ment based on provisional value of the cargo, vessel will start for dischar= ging

5-6- price shall be minus= 16.00 USD/BBL based on ICE brent available quotations during July 2023 or = other mutual confirmed pricing period =C2=A0

5-7- The final value of Cargo shall be determined and paid b= ased 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 co= ntract.

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

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

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

 

 =

In order to discuss further details please contact us a= t +989158518624.

 

<= p class=3DMsoNormal style=3D'background:white;font-variant-ligatures: norma= l;font-variant-caps: normal;orphans: 2;text-align:start;widows: 2;-webkit-t= ext-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-st= yle: initial;text-decoration-color: initial;background-image:initial;backgr= ound-position:initial;background-size: initial;background-repeat:initial;ba= ckground-origin: initial;background-clip: initial;word-spacing:0px'>We are= looking forward to hearing from you soon.

 

Regards,

Commercial department <= span style=3D'font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222= '>

 

 

 

Sent from Mail for Windows

 

From: info@gp= i-fze.com
Sent: Thursday, June 15, 2023 4:39 AM
To: Info@sej-global.com; Commercial@sej-global.com
Cc: = globalpi2002@gmail.comSubject: LOI

 

Dear Sirs,

 

<= p class=3DMsoNormal>Enclosed, please find our two LOIs.

 

Regards

GPI

 

= --_9E78516E-CD10-499D-B236-7C3BB56C194E_--