Subject: RE: LIO
From: Info <[email-masked]>
To: info techoilservices.com <[email-masked]>
Cc: info techoilservices.com <[email-masked]>
Date: Fri, 11 Aug 2023 10:19:45 -0700

Dear  Sir , 

Thank you for the letter No. PTE/SEP/191 dated 30th of July 2023, we appreciate for your interest in establishing the business with SEJ, regarding crude oil please consider below items for the next steps :

light blend crude oil 
                     
1-   Quantity: 1,000,000 barrels (Suez Max size vessel which is in Singapore )
2-  Quality : as attached, light blended crude oil sulfur content 1.73 %
3-   Destination: it shall be mentioned in the contract so please advise the exact destination (discharge port) and name of the refinery 
4- Terms of delivery: STS Malaysia/Singapore 
5- Payment terms:
 
5-1-Buyer shall make 5 million USD advance payment or other acceptable guarantees 
5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents with laycan to the STS location, further more permission for dip test will be issued to the buyer
5-3- buyer will make 10% of the payment based as per provisional invoice which will be issued as per provisional pricing period and after confirmation of the test and POP verification
5-4- vessel will tender NOR at the STS point and buyer will start to make remaining payment before discharge
5-5- after 100% payment based on provisional value of the cargo, vessel will start for discharging
5-6- price shall be minus 16.00 USD/BBL based on ICE brent available quotations during mutual confirmed pricing period  
5-7- The final value of Cargo shall be determined and paid based on contractual unit price calculated as per final pricing period  (deducting the provisional paid amount) to Seller latest by three calendar days from the last calendar day of the respective pricing period of the contract.
In case the final value of the whole Cargo is less than the provisional paid amount by Buyer under the terms and conditions of this contract, Seller will settle such difference, in the buyer’s nominated bank account.
5-8- for covering price fluctuation buyer shall provide guarantee for 20% of the total provisional value of the cargo in order to guarantee the payment of the price difference between provisional and final price.
5-9-in case that pricing period will be determined before discharge, item no. 5-8 is not required.

light pure crude oil 
                     
1-   Quantity: 1,000,000 barrels (Suez size vessel which is in Singapore )
2-  Quality : as attached, light pure crude oil, sulfur content of 1.46 %
3-   Destination: it shall be mentioned in the contract so please advise the exact destination (discharge port) and name of the refinery 
4- Terms of delivery: STS Singapore/ Malaysia 
5- Payment terms:
 
5-1-Buyer shall make 5 million USD advance payment or other acceptable guarantees 
5-2- Seller shall provide Vessel name, BL , CCIC and other POP documents with laycan to the STS Location, further more permission for dip test will be issued to the buyer
5-3- buyer will make 10% of the payment based as per provisional invoice which will be issued as per provisional pricing period and after confirmation of the test and POP verification
5-4- vessel will tender NOR at the destination port and buyer will start to make remaining payment before discharge
5-5- after 100% payment based on provisional value of the cargo, vessel will start for discharging
5-6- price shall be minus 11.00 USD/BBL based on ICE brent available quotations during mutual confirmed pricing period  
5-7- The final value of Cargo shall be determined and paid based on contractual unit price calculated as per final pricing period  (deducting the provisional paid amount) to Seller latest by three calendar days from the last calendar day of the respective pricing period of the contract.
In case the final value of the whole Cargo is less than the provisional paid amount by Buyer under the terms and conditions of this contract, Seller will settle such difference, in the buyer’s nominated bank account.
5-8- for covering price fluctuation buyer shall provide guarantee for 20% of the total provisional value of the cargo in order to guarantee the payment of the price difference between provisional and final price.
5-9-in case that pricing period will be determined before discharge, item no. 5-8 is not required.

Please consider that for other terms of delivery we can negotiate and also if we receive detailed LOI from your good company and KYC documents ( including but not limited to  BCL, License, Previous back ground, financial statement and company profile and other related materials ) we can provide SPA to get it signed and proceed.

In order to discuss further details please contact us at +989158518624.
 
We are looking forward to hearing from you soon.

Regards,
Commercial department 

Sent from Mail for Windows

From: info techoilservices.com
Sent: Sunday, July 30, 2023 1:35 AM
To: [email-masked]
Cc: info techoilservices.com
Subject: LIO

Good morning,

Please find attached our LOI for 1 Mn bbls of light crude oil. We will appreciate if you could send us your offer with procedure and payment terms at your earliest convenience.

Thank you,

Purchasing director
Petroleum Technical Equipment DMCC