PT. Petro Mukti Putra

1 June,2018

No : 001/ICPO/xxx-PMP/06-2018

TO : PT PETRO MUKTI PUTRA

ADDRESS : FX Plaza Office Tower Level 15, Jl. Pintu 1 Senayan, Jakarta Pusat 10270, Indonesia

PHONE : +6221-30497500

FROM : xxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Dear Sir,

We, xxx xxx xxxxx xxx, hereby state and representative that it is our intention to issue Irrevocable Corporate Purchase Order for DIESEL GAS OIL EURO IV-PH-ADO (B2) from Russia , willing and able to Purchase the following commodity as per the specification and in the quantity as specified in the term and conditions as states below:

IRREVOCABLE CORPORATE PURCHASE ORDER / MOU

ICPO No: 001/ICPO/NSB-PMP/03-2018

Grade : Russian Export Grade

Origin : Russian Federation

Products : DIESEL GAS OIL EURO IV-PH-ADO (B2)

(Specification as attached)

Quantity Shipment : 25,000 MT x 2 Per Month

Price : USD 380 Gross

Contract Terms : 12 Months Minimum (With Rolls and extensions)

POP : Provided via secure fax and or DHL as per documents

list in contract

Inspection by : SGS/CIQ

1^ST Delivery laytime : 4th Week June,2018 & latest 1^st Week July 2018

Payment terms as : CIF (Cost Insurance Freight)

Total Payment : USD 9,250,000 per shipment

Payment Method : TT 100% for each shipment within 6-9 days upon

cargo passed SGS and receipt of all relevant payment

documents Operative irrevocable transferable fully

funded, cashback, Confirmed Standby Letter of Credit

(SBLC) to be provided.

Discharge Port : Subic or Bataan Port, Philippines

TERMS CONDITION:

1. Buyer sends ICPO to Seller on receipt of Seller’s/representative Soft Offer with terms and procedures without changes with their company profile or past performance evidence.

2. Seller issues Commercial Invoice, Refinery Letter and Tank Storage Receipt to buyer for bank to bank confirming both parties readiness to perform to lift product and quantity agreed by the Buyer bank to seller bank via Check Giro / two weeks as buyer RWA to Seller bank final endorsement by the seller with the Ministry.

3. Within 48 Hours after signing CI by the buyer returned to seller and Bank Proof of Fund reference swift sent to seller bank, Seller release Proof Of Product / DTA documents to buyer, Fresh Tank Storage Receipt, Fresh SGS Analyst Report less than 24 Hours of age, Transneft Agreement, Certificate of Origin, Change of Ownership Certificate, Tank Take Over Agreement for Dip Test Authorization to buyer official address, buyer secured email and seller bank send Full POP to buyer bank. (All parties sign NCNDA/IMFPA to be endorsed by the notary)

4. Buyer provide to seller, buyer’s vessel information with port clearance and details (or) Buyer Storage Tank Details.

a) Vessel must be docked before DTA is offered. (OR)
b) Buyer storage tanks with contract-assigned tank details must be provided to get DTA.

5. Buyer conducts Dip Test with Inspection team, Seller release Full Tittle Transfer to buyer and Buyer release payment to seller bank within 12 – 48 Hours. Lifting commences and seller issues to Buyer, Title of Ownership Certificate to be followed by all export required documentation.

6. All mandates, Brokers, Facilitators are settles through Wire Transfer by the appointed paymaster in accordance with the final signed commission agreement by all the parties involved.

NOTE:- No Time wasters with the transaction and buyers with their own procedures are prohibited, NOT welcome in any manner to avoid delays with both respective parties precious time and unnecessary expenses as your maximum cooperation and understanding
with the matter will be gladly appreciated, we are committed to help server you better with a good trading relation in the near future

Additional terms will be refer to refinery terms and to be advice.

BUYER’S INFORMATION:

COMPANY NAMES
CONTACT PERSON:
COMPANY REG. NO:
ADDRESS:
TELEPHONE:
CELL PHONE:
FAX:
EMAIL:

ISSUING BANKING INFORMATION:

SBLC ISSUING BANK:
BUYER’S BANK NAME:
BANK ADDRESS:
SWIFT:
BANK E MAIL ADDRESS:
TELEPHONE:
SBLC CORRESPONDENCE BANK
BUYER’S BANK NAME:
BANK ADDRESS:
SWIFT CODE:

_{SELLER BANK DETAILS COORDINATE}

_{BANK NAME : tba}

_{BANK ADDRESS : tba}

_{BENEFICIARY NAME : tba ACCOUNT NUMBER : tba}

_{BANK SWIFT CODE : tba}

_{BANK OFFICER : tba}

_{BANK EMAIL : tba}

_{BANK TELPHONE NO. : tba}

_{BANK FAX NO. : tba}

DETAILS SPECIFICATION

DIESEL GAS OIL EURO IV-PH-ADO (B2)

SHIPMENT SCHEDULE

Min 25,000mts – 50,000mts per month

SHIPMENT	YEAR, MONTH	QUANTITY	PORT BSS
1	2018, JUNE	25,000 MT x 2	CIF
2	2018, JULY	25,000 MT x 2	CIF
3	2018, AUGUST	25,000 MT x 2	CIF
4	2018, SEPTEMBER	25,000 MT x 2	CIF
5	2018, OCTOBER	25,000 MT x 2	CIF
6	2018, NOVEMBER	25,000 MT x 2	CIF
7	2018, DECEMBER	25,000 MT x 2	CIF
8	2019, JANUARY	25,000 MT x 2	CIF
9	2019, FEBRUARY	25,000 MT x 2	CIF
10	2019, MARCH	25,000 MT x 2	CIF
11	2019, APRIL	25,000 MT x 2	CIF
12	2019, MAY	25,000 MT x 2	CIF