Ref: Max/KP

FOB PROCEDURE
TANK TO VESSEL (TTV) or TANK TO TANK (TTT)

Dear Sir, Madam,

We, Maxwell CTSE, a company incorporated in The Netherlands, confirm that we are ready, willing, and able to supply the following commodities in the terms and conditions below:

Commodity:

Product Name:	EN590 10PPM
Product Quality	Kazakhstan, Specification to be provided by the Seller
Product Quantity	100,000 MT (trial) Extensive until 300,000 MT x 12 months
Duration	Trial + 12 months on successful trial
Price	Fix  Price 570 Per MT
Term of Payment	Standby Letter of Credit/MT760, or Irrevocable Documentary Letter of Credit/MT700)  or,   Escrow Attorney in UNITED STATES OF AMERICA (USA) OR UNITED KINGDOM (UK).

Terms Commodity:

FOB DIP & PAY TRANSACTION PROCEDURES: (TANK TO TANK / TANK TO VESSEL

1- Buyer issues an official ICPO with Company Profile and Company Registration Certificate.

2- Seller issues Sale & Purchase Agreement (SPA) Contract. Buyer returns the signed SPA back to seller including a valid TANK STORAGE AGREEMENT (TSA) OR CHARTER PARTY AGREEMENT (CPA) and any type of POF. Seller verifies the TSA/CPA.

3- Seller and Buyer lodge the executed SPA at their respective banks.

4- Seller issues PPOP documents as listed below:

A. Tank Storage Receipt (TSR)

B. Injection Report

C. SGS Report (Less than 48 hours)

D. Certificate of Origin

5- Buyer to verify the PPOP Documents and within 48 hours , and;

• • establish IRREVOCABLE LETTER OF CREDIT PAYABLE 100% AT SIGHT.

OR

• • Should buyer choose, buyer to issue a Transferable, Irrevocable, Assignable, Callable, Divisible STAND BY LETTER OF CREDIT from a TOP rated bank via SWIFT MT 799 Pre-advise ( + Hard copy by Next Day brinks Bonded courier) and SWIFT MT 760 SBLC (+Hard copy by Next day brinks Bonded courier). Sellers bank will issue a SWIFT MT 799 RWA after receipt and confirmation of SWIFT MT 799 Pre-advise from buyers bank.

OR

• • Seller and Buyer to the mutually agreed and select an internationally reputed Escrow Attorney in UNITED STATES OF AMERICA (USA) OR UNITED KINGDOM (UK). The Escrow Attorney issues Escrow Agreement to Buyer and Seller for signature. Buyer and Seller sign the Escrow Agreement and send back to the escrow attorney. Upon signature of the Escrow Agreement, Buyer shall make a deposit in the amount of 10% of shipment value to the Escrow Attorney trust account AS BUYER’S SKIN IN THE GAME. Seller deposits 2% of shipment value as performance Deposit. The funds will be surrendered to aggrieved party should the counter party fail to perform as per the Escrow Agreement.

6- The Seller upon confirmation of DLC SWIFT MT 700 or SWIFT MT 760 SBLC or Deposit in the ESCROW account, Issues Unconditional Dip Test Authorization to buyer. Buyer to carry out dip test (Quality and Quantity) inspection at the Seller’s storage tank facility in Rotterdam Port .  Buyer conducts a dip-test in Seller’s tank and shares a copy of the SGS report.  Seller sends Bank to Bank by SWIFT / Bonded courier (as applicable) POP documents as listed below under the DLC for collection / or SWIFT MT 103 payment as applicable:

A. Product ownership certificate;

B. Copy of Statement of Product Availability in the Tank;

C. Product Specification,

D. Certificate of Origin,

E. SGS Report conducted by Seller (Not later than 48 hours) upon Buyer’s request.

G. Injection Schedule to Buyers Vessel

7- Seller injects product into Buyer’s Vessel (s) or Tank and issues to buyer final injection report for product injected into Buyer’s Vessel.

8- Upon receipt & Confirmation of payment for the product, Seller transfers the Title of the product  to the Buyer’s name, and issues to buyer the Title Transfer Certificate Invoice.

Note: The seller is preferring Escrow Attorney in UNITED STATES OF AMERICA (USA) as below: 

1. Robert J Young    

2. Daniel J King.

Or any internationally reputed Escrow attorney specializing in block and reserve funds facilitated via SWIFT MT 799.