Product: Crude Oil Which Is Given Below Specification Origin: Oman Specification: See below Quantity: 4,000,000 BBLs +/-10% Bulk Delivery Port: Seller's designated safe port in China Inspection: SGS or similar any universally accepted Q&Q inspection company Method of Payment: MT103 Price: NET to Buyer US$7.00 off per BBL Commission: US$ 0.50 BBL Buy Side paid by Seller (open); USD 0.50 BBL Sell Side (closed) (Two vessels at each location already in China Sea Water, and IMO available) 1. Buyer issues ICPO to (Seller) and Company Registration Certificate or any I.D., AML, and KYC 2. Seller issue SPA/Commercial Invoice, and NCNDA/IMFPA to the intermediary to sign. Buyer signs and returns to Seller with POF. Seller Attorney verify buyer POF. 3. PROOF OF FUNDS - Latest month Bank Statement, cash backed and time stamped screenshot. Letter of attestation from Buyer 4. Seller provides Buyer with FULL POP Documents as follows: a) Authority To Sell (ATS) b) Bill Of Lading c) Certificate Of Origin d) Cargo Manifest e) Certificate Of Quality f) Documentation Receipt g) Master's Receipt For Samples h) Certificate Of Authenticity i) Tanker Ullage Report j) Warranty Of Title k) Commercial Invoice The Commercial Invoice will be based on the existing Q&Q REPORT conducted by the Local Inspection Company, Overseas Marine. The final Commercial Invoice will be based on Q&Q Report to be conducted by the Buyer. 5. Buyer issue a BG, deposit of 4% of cargo value to Seller. Buyer provides Seller with logistic TSR or Vessel Q88 for China facility coordinates and necessary requirements to enable Buyer's SGS/CIQ conduct Dip Test upon vessel arrival at China discharge port. 6. Vessel sails to Buyer's designated seaport by Buyer and vessel captains advise arrival to Buyer. 7. Seller issues to Buyer FULL UDTA for immediate proceeding of inspection by Buyer SGS/CIQ Agent. 8. Buyer makes payment based on Q&Q by MT103 wire transfer/ TT according to the final Commercial Invoice. Seller pays all intermediaries involved according to the IMFPA. 9. Injection schedule signed by Buyer. Seller injects the fuel to Buyer. Seller transfers the title of ownership as per Buyer's instruction. Buyer lifts the product. 10. Subsequently monthly contract shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller.
