LETTER OF INTENT

022/LOI-JETA1/BIG/VI/2023

DATE: JUNE 15, 2023

To : McMatthise Global
Head Office Services Suite 9D, 9th Floor,
Valero Tower, Valero St., Bel-Air, Makati City,
Metro Manila, Philippines.
Attn. : Mr. Henry Estropia

We, PT BOYMAXWELL INDOJAYA GRUP, on behalf the buyer, are interested in

establishing a supply support cooperation with end seller for the needs of JET A1. Below is a
summary of our requirement:
BUYER REQUESTS:

1. AVIATION KEROSENE JET A1, 2 million BBL trial+ up to 4-5 million BBL
monthly upon year Contract with possibility to prolong to 3(three) years.
Price:
• $79 gross - $76 Net at the FOB Rotterdam
• being performed by Seller with discount from the European PLATS FWE not
less $11 per SPA (the Contract).

FOB ROTTERDAM PROCEDURE JET A 1

1. Buyer issues ICPO to Seller with Buyer Company Certificate of Incorporation

and with Buyer’s Signatory international Passport copy ( data page).
2. Seller issues Commercial Invoice (the CI) and submit it to Buyer; Buyer
considers, signs and returns the CI to Seller with its Tank Storage Agreement
(TSA) to verify and approval.
3. Seller issues: Buyer’s TSA Verification and Approval Letter.
4. After the satisfactory verification with the Buyer’s TSA Verification and
Approval Letter, Seller, within 48 hours, issues the PPOP following documents
stated below and send it to Buyer to verify
• Fresh SGS Analysis report (not older than 48 hours);
• Certificate of origin;
• Notice of Readiness (NOR);
• Dip Test Authorization (DTA);
• Quality Certificate (Product Passport);

23118 Jalan T. Panglima Nyak Makam, Lambhuk, Ulee Kareng, Banda Aceh. Indonesia
 • Commitment to Supply;
• Agreement between Seller and the Refinery (first&last pages copies);
• Statement of Product Availability;
• Authority to Sell and Collect (ASTC);
5. Buyer conducts dip test with SGS inspection in the Seller’s tank. After
successful SGS verification or successful dip test, Buyer provides its tank details
to Seller to commence the injection of the product into the Buyer’s tank.
6. Within 72(seventy two) hours after the injection completion in the total volume
in the Buyer’s tank, Buyer issues 100% TT wire transfer payment to Seller.
After that Seller transfers the title of ownership for the product injected to
Buyer.
In the same time Seller signs NCNDA& IMFPA with the intermediaries involved
in the transaction with the both Parties.
7. Seller pays the fees per the NCNDA& IMFPA signed to the intermediaries
during 48 (forty eight) hours after the product’s payments received by Seller
from Buyer.
8. Upon the successful fulfillment of the trial transaction, the Parties sign one year
Sale &Purchase Contract with EX& R.

Jakarta, 15 June 2023

Best Regards

Achmad Syarif H
Marketing & Sales Executive Department

23118 Jalan T. Panglima Nyak Makam, Lambhuk, Ulee Kareng, Banda Aceh. Indonesia