We, Qeytaran Trading Company, on behalf of our supplier, hereby issue this Soft Corporate Offer with full corporate responsibility and legal authority, confirming our readiness to enter into a Sales and Purchase Agreement for the supply of Bonny Light Crude Oil (BLCO) under the terms stated herein.
We act as the contracting seller, supported by a valid and verifiable NNPC allocation held by our holding.

Item Description

Product: Bonny Light Crude Oil (BLCO)
Origin: Federal Republic of Nigeria
Allocation Source:  NNPC allocation (details provided at SPA stage)
Specifications: As per Annexe A (NNPC Standard Specification)
Quantity:  Min. 2,000,000 – Max. 8,000,000 BBL per month
Price: Brent minus USD 6 per BBL
Delivery Terms: CIF or TTO/STS (Buyer to specify)
Payment Terms: SBLC MT760 from a Top 50 Bank

1. Buyer submits ICPO on company letterhead, including full company details, banking coordinates, and acceptance of the Seller’s terms. The buyer also provides the company registration documents and
   authorization letter.
2. The Seller issues a Draft SPA to the Buyer for review.
3. Both parties sign the SPA electronically and exchange executed copies via email. The final SPA is lodged with the respective banks after issuance of the Buyer’s financial instrument.
4. The Seller provides preliminary masked proof of allocation and product availability after signing of SPA, including: a. Official Allocation Letter from NNPC b. Commitment to supply c. Statement of Product Availability
   Note 1: Full POP is released after the Buyer’s financial readiness (RWA/MT799) is confirmed.
5. Buyer’s bank issues RWA/Pre-Advice from top 50 world banks, via SWIFT MT799, confirming readiness to issue SBLC for the value of the cargo.
6. Upon receipt of the Buyer’s RWA/MT799, Seller proceeds to load the vessel within seventy-two (72) hours at the designated terminal and issues the following shipping documents to the Buyer, including:
   a. Bill of Lading (B/L)
   b. Certificate of Quality
   c. Certificate of Quantity
   d. Certificate of Origin
   e. Master’s Receipt for Samples
   f. Cargo Manifest
   g. Tanker Ullage Report
   h. Tanker Time Sheet
   i. Master’s Receipt for Document
   j. Authority to Sell
   k. Pre-forma Invoice
7. Seller sets the loaded vessel on voyage to the Buyer’s discharge port. Title of the cargo transfers upon receipt of payment.
8. Buyer provides discharge port details, including:
   a. Port coordinates
   b. NOR format
   c. Harbor Master or receiving agent details.
   Note 2: The receiving agent is responsible for vessel acceptance, berthing, and discharge coordination.
9. Vessel’s Captain issues NOR/ETA from the vessel’s secured domain email at ninety-six (96) hours, seventy-two (72) hours, forty-eight (48) hours, twenty-four (24) hours, and twelve (12) hours prior to arrival.
10. Upon arrival, the Vessel’s Captain issues ATB from the secured domain email. Buyer’s appointed inspector (SGS or equivalent) conducts Quality & Quantity inspection within forty-eight (48) hours at Buyer’s cost.
11. Buyer pays via SWIFT MT103 within seventy-two (72) hours or three (3) banking days after successful SGS inspection at the discharge port and before discharge of the crude oil into his storage facility.
12. Upon confirmation of payment, the Seller releases the Title of Ownership, and the Buyer proceeds with
    discharge into their storage facility.