Ref: Max – KR

To: Buyer

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 terms and conditions below:

Commodity 1:

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	NWE Platt (Platt Code No: AAWZD00) Minus US$60.00 Per MT
Term of Payment	By DLC MT700/SBLC MT700 with the value of monthly quantity valid for the contract period. The DLC/SBLC will be Non-Operative to be operative automatically by Seller’s 2% PB. DLC/SBLC should be Irrevocable, Revolving, and Confirmed issued or confirmed by one of top 50 banks By MT103/TT for the First Lift & Standby Letter of Credit/MT760, or Documentary Letter of Credit/MT700) for 12-month contract

Commodity 2:

Product Name:	JET A1 KEROSENE
Product Quality	KazakhstanSpecification to be provided by the Seller
Product Quantity	2,000,000 BBL (trial)Extensive until 6,000,000 BBL x 12 months
Duration	Trial + 12 months on successful trial
Price	NWE Platt (Platt Code No: PJAAV00) Minus US$6.00 Per BBL
Term of Payment	y DLC MT700/SBLC MT700 with the value of monthly quantity valid for the contract period. The DLC/SBLC will be Non-Operative to be operative automatically by Seller’s 2% PB. DLC/SBLC should be Irrevocable, Revolving, and Confirmed issued or confirmed by one of top 50 banks By MT103/TT for the First Lift & Standby Letter of Credit/MT760, or Documentary Letter of Credit/MT700) for 12-month contract

Terms Commodity 1 & 2:

CIF Transaction Procedure & Terms:

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with this offer terms and procedure (As per provided draft), along with buyer’s company registration, signatory’s passport copy, and CIS.

2. Seller issues Sales and Purchase Agreement (SPA). Buyer reviews, amends (if necessary), signs and returns the (Draft Contract) SPA in PDF format to Seller within Three (3) banking days for final endorsement. Then Seller counter signs the SPA. Seller signs NCNDA/IMFPA between all intermediaries involved. 

3. Within 5 Working Days of signing the SPA, in accordance of the Seller’s acceptable verbiage, Buyer’s Page 2 of 4 Bank issues a Non-Operative, Irrevocable, Non-Transferable, Revolving, and Confirmed DLC/SBLC with the first month shipments’ value, with full bank responsibility via swift MT700/MT760 to the seller’s bank to be automatically operative by Seller’s 2% performance Bond, and provides Seller with swift copy.

4. Within 5 Banking Days of accepting the DLC/SBLC, Seller’s Bank issues the 2% Performance Bond and the DLC/SBLC will be operative.

5. Within 5-15 working days on confirmation and acceptance of the Buyer’s DLC/SBLC, seller commence loading of the product and issues full POP/Shipping documents as listed below, with legalized SPA to buyer’s company via bank to bank and copies via email; buyer shall notify the seller by official written notice of his bank receiving seller’s full POP/Shipping documents:

a. Copy of export license, issued by the ministry of Petroleum and Energy.

b. Copy of approval to export, issued by the ministry of justice.

c. Copy of Transnet contract to transport the Product to the Port.

d. Copy of the Port Storage agreement/ Insurance.

e. Certificate of origin.

f. Product Passport,

g. Statement of availability of product.

h. Commercial Invoice.

i. Copy of charter party agreement.

j. Copy of Customs clearance certificate.

k. Copy of the tank receipt issued by the storage facilitator.

l. Copy of Fresh SGS Report or Equivalent at Loading Port.

m. Copy of Vessel Q88

n. Copy of Bill of Lading

o. Copy of Cargo Manifest

p. DTA & ATB.

q. NOR/ETD.

6. Shipment commences as scheduled in the contract and upon arrival of the cargo at the discharge port, within 2 working days of vessel’s arrival at discharge port, buyer’s inspection team carry out SGS/CIQ or Equivalent Inspection to ascertain quality and quantity of the product.

7. Upon successful SGS/CIQ Inspection by the buyer, Buyer’s Bank release payment for the total shipment value via swift fund transfer MT103/TT within 2 banking days of issuing the SGS report at discharge port, Page 3 of 4 then Product is discharged to buyer’s destination storage facility and title of product ownership transferred to buyer.

8. The seller pays all intermediaries involved in all the transactions as per signed NCNDA/IMFPA within 72 hours.

9. Subsequently monthly shipment continues as per signed SPA and product payment will be made against successful SGS/CIQ or equivalent inspection via TT/MT103.