NN&SS Inevocable Corporate Purchase Offer (ICPO) CIF Fujairah Port No: MEM-180723-R15 Date: 27 Nov,2023 ‘To: Momeni Oil & Gas Trading Attention to Mr. Momeni Hereby we, NN & SS Itd state and represent that itis our corporate intention to purchase the commodity ENS90 10PPM in the quantity and for the price as specified in the Terms and conditions stated below, This representation is made with {ull corporate authority and responsibility. We fully understood seller's procedure of work and that WE DECLARE OUR COMMITMENT to this ICPO and ITS IMPLEMENTATION. ‘COMMODITY INFORMATION. ‘CONMODITYIPRODUCT: EN-590 DIESEL 10 ppm ‘ORIGIN ‘Sulable tothe sole except sanctoned counties. LOADING PORT: ‘The Selle’s choice, Or Fuirah port PORT OF DISCHARGEIDELIVERY:__| Port Fuairah, UAE, Or Qasim Port, Pakistan, CIF PACKING TYPE. Bulk ‘TOTAL MONTHLY QUANTITY: | 100.000 MT spot DELIVERY TERNISHIPPING: ‘CIF (cost, insurance, and eight PRICE: 420 + 20 $USD IMT Cir Por Fujairah, UAE PAYMENT terminode! By DLC MT760 atthe unloading port winin 3 working days after SGS and DTA is approvedicontimed. INSPECTION ‘SGSICIO or equivalent Inspection at port of discharge DOCUMENTATIONS: ‘According to procedure accepted. INSURANCE: “110% of he CiF valve of each shipmental he selers cost PERFORMANCE SOND: 2% PB only against confimation of SBLC at see's bank Tee Cetera ECE Baker StrNN&SS ‘TRANSACTION PROCEDURE ON CIF 1. Buyer issues Purchase Order upon receipt in acceptance of seller's Soft Offer. 2. Seller issues Draft Sales and Purchase Agreement Contract and Commercial Invoice for buyer’s review and signing. 3. Buyer signs the Sales and Purchase Agreement Contract and Commercial Invoice back to the seller. 4, Seller registers and legalizes the signed Sales and Purchase Agreement Contract. 5. NENDA/IMFPA to be signed by all parties to secure payment Commissions. 6. Seller sends legalized contract and below Partial POP Documents to buyer as listed below: + Certificate of Origin. * Commitment to Supply. + Product Passport. + Statement of Availabilty ofthe product. 7. Buyer issues their Financial Guarantee SBLC or DLC to cover Trial Shipment to seller's bank in Seven (7} working days. 8. If the buyer falls to issue SBLC or DLC in seven (7) working days, in alternative buyer shall make Security uarantee Deposit of 2% via T.T Wire from the total value of the Contract of the first shipment to seller fiductary bank account as performance to secure the allocation which will be deducted from the first shipment. 9. Upon confirmation of buyer's SBLC or DLC or Security Guarantee Deposit of 2% via TT Wire to Fiduciary seller's bank, the seller will issue 2% Performance Bond, Full POP, and Shipping Documents via SWIFT bank-to bank as shown below: Allocation Title Ownership certificate. ~Trans-Neft contract to transport the product to the loading port, ~Port Storage Agreement ~Charter party Agreement to transport the product to discharge port. Tank Storage Receipt. ~SGS Quality and Quantity Certificate ~Bill of Lading. ~Vessel Questionnaire 88 10. Shipment commences and upon arrival of the vessel tanker at the discharge port, the buyer conducts SGS Inspe makes the payment for the full shipment via TT Wire or MT103, And the seller pays commissions according to IMFPA Cae ORE Fax: +44(0) ME Carne era ee aream ra see TT ewig ers ih 6NH *56D High Street Brentfo rrNN&SS Se} Aba oveararee we [me ee sara cone vor vmawrewcrare@'s err | een ane | REST cee rar sem | ow “ca rreans ee secre mac * cm sara voce wan . scum cra a rar TTS] — oa aa TTT | macro wre} ener | ar = Teneo ie | eno} st eS santa | matt | aera ec ee ares Sew *560 ORT EE +4a(0) 845 87: Perea Rca et 6661 Group, Recern rare rr erat tice eae Borer ecermcacey ai eamainalNN&SS ‘Since the information given in the previous page has been provided according to your mandatory guidance on the process, we'd really appreciate you to issue draft of contract / invoice and send it back based on the detailsin this ICPO to proceed work. Regards, NN and $$ Itd Co a MEM/Asian Manager Dr. B. A, Rassadi Gergen, 4. FH DIRECTOR DR.LORD ARASH NASSOURL Signature: rea peri) TU ea icats poor ao Cee ence eC E aetire erm eae ETe ws