Ref: Exodus

To: End Buyer

Dear Sir, Madam,

We, Exodus Energy Groups LTD LLC, as the Title holder and Supplier, a company incorporated in the Netherlands, confirm that we are ready, willing and able to  supply the following commodities in terms and conditions below:

COMMODITY: DIESEL GAS OIL EN590 (10 PPM)

Specification: “As per Exhibit-1, Attached”                  

 

CIF TRANSACTION PROCEDURES, TERMS & CONDITIONS

 1.  The Buyer signs the SCO, which includes the agreed procedure in the ICPO on the company’s official letterhead, completes all company and banking information, signs/stamps, and sends both documents back to Exodus Energy Group along with the following:

·       Company Profile (including year of establishment, founders, and a history of major completed projects)

·       CIS

·       Passport copy of the company’s authorized signatory

·       Certificate of Registration

2.    The Seller issues the Sales and Purchase Agreement (SPA), Proforma Invoice (PI), and Addendum.

·       The Buyer reviews, amends (if necessary), signs, and returns them in Word format to the Seller within three (3) banking days.

·       The Seller submits the signed SPA, PI, and Addendum via secured email to the Buyer.

·      The Buyer may provide Proof of Funds (POF) via SWIFT MT199 or MT799, or issue an MT705 Pre-Advice for an RDLC, or an MT799 Pre-Advice directly for an SBLC.

3.    The Seller submits the following documents:

·       Product Certificate of Origin

·       Commitment Letter to Supply

·       Statement of Product Availability in Storage

·       Legalized copy of a fully endorsed Proforma Invoice for the trial lift quantity

4.  Within ten (10) working days of signing the SPA, the Buyer’s bank issues a Non-Operative, Irrevocable, Non-Transferable, Revolving, and Confirmed DLC/MT700 or SBLC/MT760 (covering the value of the first-month shipment) with full bank responsibility via SWIFT MT700 or MT760 to the Seller’s bank.

The instrument becomes automatically operative upon the Seller’s issuance of a 3% Performance Bond. The Buyer provides the Seller with a SWIFT copy.

5.    Within five (5) banking days of accepting the DLC/SBLC, the Seller’s bank issues the 3% Performance Bond, making the DLC/SBLC operative.

6.    Within 5–15 working days after confirmation and acceptance of the Buyer’s DLC, the Seller commences loading and issues full POP/shipping documents as listed below (with legalized SPA) to the Buyer’s company via bank-to-bank and email copies.

The Buyer shall officially notify the Seller upon receipt of the Seller’s full POP/shipping documents.

Documents include:
a. Export License issued by the Ministry of Petroleum and Energy
b. Approval to Export issued by the Ministry of Justice
c. Port Storage Agreement / Insurance
d. Certificate of Origin
e. Product Passport
f. Statement of Product Availability
g. Commercial Invoice
h. Charter Party Agreement
i. Customs Clearance Certificate
j. Tank Receipt issued by the storage facilitator
k. Fresh SGS Report or equivalent at loading port
l. Vessel Q88
m. Bill of Lading
n. Cargo Manifest
o. DTA & ATB
p. NOR / ETD

7.    Shipment commences as scheduled in the contract. Upon receipt of full POP documents, the Buyer provides the Seller with logistics details (TSR or Vessel Q88) and other necessary requirements to enable Buyer’s SGS/CIQ to conduct a dip test upon vessel arrival at the discharge port.

8.    The Seller provides the Buyer with DTA for immediate inspection by the Buyer’s SGS/CIQ agent. Within two (2) working days of vessel arrival at the discharge port, the Buyer’s inspection team conducts SGS/CIQ (or equivalent) inspection to verify the product’s quality and quantity.

9.    Upon successful SGS/CIQ inspection by the Buyer, the Buyer’s bank releases payment for the total shipment value via SWIFT fund transfer (MT103/TT) within two (2) banking days of the SGS report issuance at the discharge port.

The product is then discharged into the Buyer’s destination storage facility, and title ownership is transferred to the Buyer.

10. The Seller pays all intermediaries involved in the transaction as per the signed NCNDA/IMFPA within seventy-two (72) hours.

11.  Monthly shipments continue as per the signed SPA, and payments are made against successful SGS/CIQ or equivalent inspection via TT/MT103.

 

 ********

Seller bank: Bank of America 

Address: 222 Broadway, New York 

SWIFT Code: BOFAUS3N

 

 PLEASE TAKE NOTE:

Declaration and Non-Performance

We, the undersigned Buyer, hereby confirm full acceptance of the stated procedures and agreed price and affirm our readiness and commitment to proceed accordingly by issuing an Irrevocable Corporate Purchase Order (ICPO) with bank-to-bank Proof of Funds (POF) via SWIFT MT199 or MT799, or an MT705 Pre-Advice for an RDLC, or an MT799 Pre-Advice for an SBLC, followed by the issuance of a Documentary Letter of Credit (DLC) or Standby Letter of Credit (SBLC) from a Top 50 international bank in strict compliance with the agreed terms; failure by the Buyer, after execution of the ICPO, SPA, and CI, to provide bank-to-bank POF within seven (7) banking days and/or to issue the agreed DLC/SBLC within fourteen (14) banking days shall constitute non-performance, in which event the Seller reserves the right to claim USD 500,000 as non-performance compensation and to report the Buyer to relevant ports, trade authorities, and industry counterparts, without prejudice to any other rights or remedies available.

Buyer Company:……………..
CEO: …………….

 If you accept the procedure and price, please download the SCO, sign and stamp it and send it with your CIS and company profile to: 

Exodus Groups
Ryan@exodus-groups.com

More information: +31-61-666-1606   Dr. Ryan