SOFT CORPORATE OFFER (SCO)

Seller Ref. No.: 07/2023/EN590/50KMT-300KMT-CIF

Validity Date: 31 July, 2023

We, “#####” registered in United Arab Emirates, on behalf of our supplier, hereby with full corporate
responsibility submit this SOFT Corporate Offer (SCO), in accordance with the rules of the
International Chamber of Commerce (ICC), (Incoterms 2020). We confirm that our supplier is ready
to sell the following product under the terms and conditions described below:

COMMODITY: DIESEL GAS OIL EN590 (10 PPM)

Specification: “As per “Exhibit-1”, Attached
DELIVERY AND TERMS OF PAYMENT
COMMODITY DIESEL GAS OIL EN590 (10PPM)
USA OR ANY NON SANCTION COUNTRIES AS PER SELLERS
ORIGIN OPTION
MINIMUM ANNUAL
QUANTITY 600,000 METRIC TONS (MT)
SHIPPING TERMS COST, INSURANCE, FREIGHT (CIF) ASWP
PACKING IN BULK
Adjustable for each shipment based FOB Rotterdam Platt Price,
PRICE (Platt Cote No: AAJUS00) Minus $70.00 per MT
INSURANCE Cargo Insurance 110% of the loaded cargo

By 100% Irrevocable, Revolving, Standby Letter of Credit,

(SBLC/MT760). SBLC shall be issued within no later than 7
business days from the date of the execution of the contract for
a revolving value of one-month shipment + 25%.
SBLC will be used as guarantee for payment only.
Payment for each shipment shall be via MT103, within 72 hours
of vessel arrival at the port of Destination and upon Q & Q
inspection by the Buyer.
SBLC has to be issued from a top 100 world banks, if not, it has
to be
PAYMENT METHOD confirmed by one of top 100 world bank.
PERFORMANCE BOND 2% of value of the SBLC
NON-NEGOTIABLE CIF TRANSACTION PROCEDURE
1. SJ ### LLC (#####) sends SCO to the Buyer. Buyer signs the SCO and return it back to
##### along with a Letter of Intent (LOI). LOI has to come directly from end buyer’s email,
to be on the letterhead of the end buyer with all company information, including phone
No., Email address, company address, etc. (documents via
WhatsApp are not acceptable);
2. ##### sends Full Corporate Offer (FCO) to the Buyer;
3. Buyer signs the FCO and returns it back to ######, along with Bank Comfort Letter
(BCL), or, POF via MT199 (NO EXCEPTIONS);
4. ##### sends format of ICPO to the Buyer to be completed by the Buyer;
5. Buyer put the ICPO on the letterhead of his company, complete his company and
banking information sign/stamp the ICPO and return it back to ###### along with
Corporate Profile (CP), and Company registration documents;
6. Supplier/Seller (the “Seller”) sends Sales and Purchase Agreement (SPA) and Pro?
forma invoice to Buyer;
7. After the Seller and the Buyer (the Parties) agree on all the terms and conditions of
the SPA, they fully sign and stamp the SPA;
8. Within 7 Business days from the date of SPA, the buyer’s bank issues Pre-Advised
Irrevocable, Revolving, Standby Letter of Credit (SBLC/MT760) for an amount equal to value
the of one-month shipment + 25%, and issued for a period of one year and 15 days, to the
Seller’s nominated bank;
9. SBLC will be activated only after the Buyer’s bank receives a 2%
Performance Bond from the Seller’s bank;
10.Within 7 to 10 days of receipt of the SBLC by the seller’s Bank, the Seller sends Proof
of Product to the Buyer
11.Within 72 hours from the date of the arrival of the vessel at the port of discharge, and Q
& Q Inspection by the Buyer, and prior to starting the Discharge, the Buyer’s bank shall
make the payment via MT103 for the value of the cargo (as per Commercial Invoice) to the
Seller’s nominated bank.
12. Upon receiving the payment by the Seller’s bank, the Discharge commences, then the
title holder changes the title of ownership of the product in to buyer’s name, or any entity as
mutually agreed.
DOCUMENTATION
1. Invoice in 1 original + 2 copies
2. Certificate of Origin from Chamber of Commerce.
3. Full set of Bill of Lading (B/L) 3 originals +3 copies, marked freight prepaid.
4. Clean on-board B/L to be signed either by master of vessel or agent of vessel at
port of loading.
5. Certificate of weight, quality and analysis - by SGS at time of loading
6. Insurance policy to cover 110% value of the
goods