Subject: Re:Answer to LOI No. FGO-KPG-1982023-A0288 dated 19th of August 2023
From: fingasoil <[email-masked]>
To: Info <[email-masked]>
Date: Thu, 24 Aug 2023 14:19:53 +0800 (CST)

Dear! Sir

Thank you for your expedited response

I agree with your terms, I am waiting for you to sign a contract and POP copies of the documents for the ship to begin further procedures, the only request you can consider the price is $-16.5. I am waiting for an answer from you.
With the best wishes for long-term fruitful and mutually beneficial cooperation.

With respect

Dauletzhan Beisenbai

At 2023-08-22 18:16:17, "Info" <[email-masked]> wrote:

Dear  Sir ,

Thank you for the letter No. FGO-KPG-1982023-A0288 dated 19th of August 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 Singapore international waters

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 17.00 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.

 

light blend crude oil – DDU- China – Qingdao

1-   Quantity: 2,000,000 barrels

2-  Quality : as attached, light blended crude oil sulfur content 1.73 %

3-   Destination: Dongjiakou

4- Terms of delivery: DDU

5- Payment terms:

5-1-Buyer shall make 5 million USD advance payment or other acceptable guarantees

5-2- Seller shall provide tank receipts, custom declarations and tank numbers , Vessel name, BL , CCIC and other POP, further more permission for dip test will be issued to the buyer

5-3- buyer will make 100% 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 or Buyer can provide LC in this case buyer shall send LC draft as well as bank information  

5-5- price shall be minus 16.00 USD/BBL based on ICE brent available quotations during August 2023 or other mutual confirmed pricing period  

5-6- 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.

5-7- 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.

5-8-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 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