Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing
From: "George Thomas" <[email-masked]>
To: [email-masked],[email-masked],[email-masked], [email-masked],'Elyas Niroomand Toomaj' <[email-masked]>,'Majid' <[email-masked]>
Date: Wed, 20 Sep 2023 12:11:41 +0400

Dear Elyas,

My thanks for your email and quick response.

I wish to refer you to an earlier email (9-4-2023) from you and your colleague which we based our client's expectations upon and indeed drafted documents in line with your comments.
The key elements of your email are listed below:

	Vessel name and BL shall be provided and dip test in OPL is also can be arranged if buyer has representative to perform it
	Buyer shall make 2 million USD as down payment and buyer shall nominate storage tank agreement
	20 % after entry notice to the anchorage
	80% after berthing notice
	Vessel will be discharged after full payment received into seller nominated bank account

As you can see, the very first point allows the prospective client to carry out Q & Q at OPL destination port. This is reasonable and normal practice.
It is essential that this ability to Q&Q before any advance payment is agreed in principle prior to any further administrative effort by us to review, reform and structure the agreement. Offered and agreed terms must be retained else chaos ensues.

We remember when this possible contract was based on Ex-Shore Tank terms. We spent a great deal of time and effort (cost) in perfecting the documents and then the deal did not go ahead for your internal reasons. We cannot continue to bear the costs when contracts seem to disappear on whim.
Please revert to the offered terms.
Regards

George A. Thomas
GM, Legal and Administrative Affairs

Tel: +971 4 255 2929
Cell: +971 55 781 7599
Email: [email-masked]

On 18/09/23 05:03 PM, [email-masked] wrote: 
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> Dear Thomas,
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> Good afternoon, 
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> Thank you for your email.
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> Regarding 2 million USD down payment we have discussed with Mr. Moghaddasi and already informed him about our concerns.
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> There are many requests and we need to separate the serious buyers, and we have concerns of spreading the information in the market.
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> For this reason we put down payment and in case of receiving down payment we will release the vessel information.
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> This down payment will be deducted from the total value of the cargo, and our previous buyers has already confirmed for this item and perform it as per our request. 
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> But for proceeding please correct any item in the contract and then we will check with our management and inform you about it. 
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> Looking forward to hearing from you very soon. 
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> Regards’
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> Elyas 
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> From: George Thomas <[email-masked]> 
> Sent: Monday, September 18, 2023 1:53 AM
> To: [email-masked]; [email-masked]; [email-masked]; [email-masked]; 'Elyas Niroomand Toomaj' <[email-masked]>; 'Majid' <[email-masked]>
> Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing
> Importance: High
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> Dear Elyas,
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> My sincere thanks for your email; I began reviewing the document but immediately there is a condition which was not agreed in our previous discussions.
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> The offending clause is as below:
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> Note 1: 
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> After contract signing, the buyer will make the payment of 2 million USD in the seller’s nominated bank account and after receiving the down payment, the seller will send a copy of the full set of shipping/cargo documents to the buyer for verification and acceptance. 
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> Please review and send us an agreement that reflects the prior discussions,
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> Regards,
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> George A. Thomas
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> GM, Legal and Administrative Affairs
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> Emirates International Holdings Group
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> Tel: +971 4 255 2929
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> Cell: +971 55 781 7599
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> Email: [email-masked]
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