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To: <matthewcha@chinahugebase.com>
From: saharathunder <commercial@saharathunder.com>
Subject: Referring to your email 12 May 2023
Date: Sat, 3 Jun 2023 08:58:53 +0330
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 Referring to your email dated 12th May 2023 please note:

The requested quantity can be supplied.
The refinery and destination port would be introduced in advance to be approv=
ed by the seller.
Delivery type shall be FOB in PG.
Payment procedure would be 10% in advance by signing the contract and the res=
t 90% after completion of STS operation before cast of.
The pricing period would be average of all quoted prices during M+1 month.
The price of each net US barrel of Crude Oil should be average of all quotati=
ons of Ice Brent settlement Crude Oil during Pricing Period as published on t=
he website of (https://www.theice.com) minus of fix element 16 USD/BBL for He=
avy Crude Oil and minus of fix element 18 USD/BBL for Light Blend Crude Oil, =
with delivery type of FOB in PG. 

Please express your opinion about the rest of the previous letter so that the=
 draft contract can be prepared for you if you wish.
Sincerely Yours. 
Commercial Department


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<div style=3D"font-size: 12pt;">
<p style=3D"text-align: justify;"><span style=3D"font-family: 'Times New Roma=
n',serif;">&nbsp;</span><span style=3D"font-family: 'Times New Roman',serif;"=
>Referring to your email dated 12th May 2023 please note:</span></p>
<ol>
<li style=3D"text-align: justify; text-indent: -.25in;"><span style=3D"font-f=
amily: 'Times New Roman',serif;">The requested quantity can be supplied.</spa=
n></li>
<li style=3D"text-align: justify; text-indent: -.25in;"><span style=3D"font-f=
amily: 'Times New Roman',serif;">The refinery and destination port would be i=
ntroduced in advance to be approved by the seller</span><span style=3D"font-f=
amily: 'Times New Roman',serif;">.</span></li>
<li style=3D"text-align: justify; text-indent: -.25in;"><span style=3D"font-f=
amily: 'Times New Roman',serif;">Delivery type shall be FOB in PG.</span></li=
>
<li style=3D"text-align: justify; text-indent: -.25in;"><span style=3D"font-f=
amily: 'Times New Roman',serif;">Payment procedure would be 10% in advance by=
 signing the contract and the rest 90% after completion of STS operation befo=
re cast of.</span></li>
<li style=3D"text-align: justify; text-indent: -.25in;"><span style=3D"font-f=
amily: 'Times New Roman',serif;">The pricing period would be average of all q=
uoted prices during M+1 month.</span></li>
<li style=3D"margin-bottom: .0001pt; text-align: justify; text-indent: -.25in=
;"><span style=3D"font-family: 'Times New Roman',serif;">The price of each ne=
t US barrel of Crude Oil should be average of all quotations of Ice Brent set=
tlement Crude Oil during Pricing Period as published on the website of (<a hr=
ef=3D"https://www.theice.com" target=3D'_blank'>https://www.theice.com</a>) m=
inus of fix element 16 USD/BBL for Heavy Crude Oil and minus of fix element 1=
8 USD/BBL for Light Blend Crude Oil, with delivery type of FOB in PG.</span><=
/li>
</ol>
<p style=3D"margin-bottom: .0001pt; text-align: justify;"><strong><span style=
=3D"font-family: 'Times New Roman',serif;">&nbsp;</span></strong></p>
<p><span style=3D"font-size: 11.0pt; line-height: 115%;">Please express your =
opinion about the rest of the previous letter so that the draft contract can =
be prepared for you if you wish.</span></p>
<p style=3D"text-align: justify; margin: 0in 0in .0001pt .25in;"><span style=
=3D"font-family: 'Times New Roman',serif;">Sincerely Yours. </span></p>
<p style=3D"text-align: center;"><strong><span style=3D"font-family: 'Times N=
ew Roman',serif;">Commercial Department</span></strong></p>
</div>



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