ICPOReferenceNo: XXXXXXXXX
Date: XX/MM/2024
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)
The Refinery / End Seller / Title Holder : Geosystems-XXI TOO
Address : Almaty, Bostandyk District, Mandas
Street/Jandosov Street, 34A/8, 7th Floor, Kazakhstan
Attention :MrPodkolzin Vladimir Fedorovich
Via :Mr Jeremy Lowe
DearMrPodkolzin,
I, Name of Buyer,Directorof (COMPANY
NAME)herebystateandrepresentwithFullCorporateandLegal
responsibility and authority under penaltyofperjury, herebyplace this
Irrevocable Corporate Purchase Order (ICPO) of here with-named
products according to the following terms and conditions:
COMMODITY/PRODUCT: EN590
ORIGIN: KAZAKHSTAN
GRADE： INTERNATIONALEXPORTGRADE
CONTRACTTERM: SPOTTRANSACTION
CONTRACTQUANTITY: TRIAL1x100,000MT
FOB ROTTERDAM PRICE: GROSS USD$450/MT
INSPECTION PORT: FOB SINGAPORE
PAYMENTSTERM: MT103 T/T
INSPECTION *: SGS,DIP+PAY.
BUYER’S APPOINTED BUYER’S TSA
TANK FARM OERATOR
COMPANY DETAILS:
TANK TO TANK FOB SINGAPORE NON-NEGOTIABLE
WORKING PROCEDURE
1. Buyer send LOI (Letter of Intent) & TSA (Tank Storage Agreement) to
end seller / allocation holder for verification and acceptance. Upon
acceptance of buyer's TSA, end seller / allocation holder issues FCO (Full
Corporate Offer) to buyer for confirmation & issuance of ICPO
2. Buyer return confirmation of FCO and issues ICPO with Company
Registration Certificate / License and buyer's passport details to end seller /
allocation holder
3. The end seller issues a Commercial Invoice (CI) for the available product
quantity store in storage tank(s) at respective port for buyer review
4. Buyer sign and return confirmation of Commercial Invoice (CI) to the end
seller
5. Upon receipt of buyer's confirmation of CI (Commercial invoice), end
seller issues documents as follows:
A) Non-performance agreement for buyer's review & confirmation. The
Non-performance agreement shall specify a penalty of USD$2 Million
dollars to be imposed on non-performance party
B) Notice of Readiness to be duly signed & endorsed by the buyer & buyer's
appointed logistics (Tank Farm Operator)
6. Buyer return endorsed NOR to the end seller. End seller verify endorsed
NOR and upon successful verification of endorsed NOR, end seller releases
the Proof of Product (POP) documents directly to buyer as follows:
A) Fresh SGS conducted at shore tank with Full Quality & Quantity test
analysis, tank coordinates with sealed tank numbers
B) Unconditional Dip Test Authorization.
C) Fuel Injection Report.
D) Tank Storage Receipt with HUB, TAC codes and GPS Coordinates
E) ATV – For Physical Verification.
F) Letter of Commitment to Supply.
G) Registration Certificate & Export License Copy
H) Authority to Sell & Collect (ATSC)
I) Certificate of Origin
J) Irrevocable Commitment to Supply for Spot and 12 months Contract
7. Seller issues NCND/IMFPA for the following transaction to buyer and all
intermediaries for signing
8.Upon verification of the POP documents (Proof of product) documents ,
buyer at his own expense engage his surveyor to perform quality & quantity
(Q&Q) at the seller's tank
9.Upon successful Dip Test in the seller’s tank, buyer submits the Tank
Storage Receipt (TSR) to end seller to perform fuel injection to the buyer’s
lease tank(s)
10. End seller injects fuel into buyer’s lease tank(s) and buyer makes final
cargo payment based on Q&Q via MT103 wire transfer / TT according to
the final Commercial Invoice
11. End seller transfers the title of ownership & issues all export
documentations as per buyer’s instructions & buyer executes the trade
12. Seller pays all intermediaries involved in the transaction as per NCNDA
/ IMFPA and subsequent monthly contract orders continue per terms and
conditions of the sales and purchase agreement contract between Buyer and
Seller
BUYER’S COMPANYREGISTRATION CERTIFICATE
BUYER’SCOMPANYINFORMATION
COMPANYNAME:
ADDRESS:
CITY/ZIP:
COUNTRY:
NAME:
TITLE:
TELEPHONENO:
EMAIL: frankcuiharbin@163.com
BUYER’SBANKCOORDINATES(tomakePaymentviaSWIFTMT103/TT)
BANKNAME:
ADDRESS:
COUNTRY:
ACCOUNTNAME:
ACCOUNTNUMBER
(SGD/USD):
BANKSWIFTCODE:
ULTRA LOW SULPHUR DIESEL (EN590) PRODUCT SPECIFICATIONS
(KAZAKHSTAN ORIGIN)
SPECIFICATIONS UNITS VALUES TO DIN EN 590 TESTMETHOD
10PPM.
VISUAL
MIN MAX
Densityat 15°C Kg/m3 820.0 845.0 ENISO3675
Cetane ENISO5165
Cetanenumber - 51.0 - ENISO4264
Cetaneindex - 46.0 -
FlashPoint°C - 60 - ENISO2719
Sulphur mg/kg - 10.0 ENISO20846
Ashcontent %m/m - 0.01 ENISO6245
Watercontent mg/kg - 200 ENISO12937
Totalcontamination mg/kg - 10 EN12662
Polycyclic aromatic hydrocarbons %m/m - 8.0 EN12916
Lubricity,corrected(wsd 1,4)at M - 460 ENISO12156-1
60°C
Carbonresidue(on10% distillation %m/m - 0.30 ENISO10370
Copperstripcorrosion– Rating - Class1 ENISO2160
(3Hrs@50°C)
FattyAcidMethyl Ester(FAME) %V/V 7.0 EN14078
content
Oxidationstability g/m3 - 25 ENISO12205
Viscosityat40°C mm2/s 2.00 4.50 ENISO3104
CFPPWinter °C - -15 EN1162
CFPPSummer °C - -5 EN1162
CloudPoint °C - -5 EN230152
WinterSummer °C - +3 EN230152
%(V/V)recoveredat250°C %V/V - 65 ENISO3405
%(V/V)recoveredat350°C %V/V - 85 ENISO3405
95(V/V)recoveredat°C° °C - 360 ENISO3405
NON-CIRCUMVENTIONANDNON-DISCLOSURE:Allpartiesheretoirrevocablycovenantnottocircumventany
personorcompanyorentityinvolvedinthistransactiondirectlyorindirectly,byanymeansordevice or any manner
whatsoever. It is further agreed and covenanted that this transaction shall in no way be divulged or
revealed partially and wholly to any person or body outside the circumference of this transaction. Thisnon-
circumvention andnon-disclosureshall be inaccordance withthe requirement of International Chamber
ofCommerce(ICC)and shallremainvalidand enforceable forthe period of
(5)fiveyearsfromthedatehereto.
Trustthattheaboveinformationareinorder.WelookforwardtoreceiveyourCommercial
Invoicesoontocommencetransactionwith asuccessfulclosureofthistransaction.
Thankyou.
Sincerelyyours,
Name
Designation
