B2B COMMODITIES

B2B COMMODITY DISTRIBUTORS LLC.

(a company organized and existing under the law of United States of America)
2055 Limestone Rd STE 200-C, Wilmington, DE, New Castle US, 19808
TEL: +1 (279) 300-0090, +1 (628) 300-0024, +1 (681) 400-0070 Fax: +1 (681) 400-0070
Email: contract@b2bcommodities.com

Our Ref: SCR/B2B/DSL/IRN/99206189/EN590-500PPM/68/KZ Date: 29/12/2023

Buyer Ref: B2SL / EN590-500PPM /VTR/SCR-LB2-RU/230122/0985
Contract No: APEX / B2BCOM/LON/BLP/SPA-220727896/EN590-500PPM/KZ
Transaction Code: APEX /AZSBH/OCT/26024L45/88

To PETROCHEM KAZAKHSTAN TRADER RIFENERY

Via : ARCTIC GAS COMPANY Up :
Ms. SOFIA VITALICH ( MANAGING DIRECTOR )
Cc : RISSA AULIA
Mr. ARYONO

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

COMMODITY: EN590 500PPM

ORIGIN: Kazakhstan

SPECIFICATION : Refer Attachement

TOTAL QUANTITY : 40,000 MT

DELIVERY VOLUME : 40,000 MT

DELIVERY: CIF COLOMBO

CURRENCY: USD

DURATION: Contract

PAYMENT: As per Agreed Procedure

PRICE: US$ 380/390 MT

PRICE CONSIDERATION/FOMULAR: 12 month contract

Sincerely, the Commercial Department of B2B COMMODITIES! 1

 B2B COMMODITIES
B2B COMMODITY DISTRIBUTORS LLC.
(a company organized and existing under the law of United States of America)
2055 Limestone Rd STE 200-C, Wilmington, DE, New Castle US, 19808
TEL: +1 (279) 300-0090, +1 (628) 300-0024, +1 (681) 400-0070 Fax: +1 (681) 400-0070
Email: contract@b2bcommodities.com

SPECIFICATIONS FOR GAS OIL 500 PPM MAX. SULPHUR

PROPERTY/TEST TEST METHOD SPECIFICATIONS

CLEAR, BRIGHT AND FREE
APPEARANCE FROM WATER & VISIBLE
IMPURITIES
DENSITY AT 15 0C kg/m3 ASTM D 1298/ASTM D 4052 820 - 860
COLOUR ASTM D 1500 MAX. 1.5
DISTILLATION ASTM D 86

IBP 0C REPORT
0C
T10 REPORT
T50 0C REPORT
T85 0C MAX. 350
0C
T95 MAX. 370
CETANE INDEX OR ASTM D 976 / ASTM D 4737 MIN. 46 (NOTE 1)
CETANE NUMBER ASTM D 613 MIN. 49
0C
CLOUD POINT ASTM D 2500 MAX. 15

CFPP 0C ASTM D 6371 MAX. 5

SULPHUR CONTENT mg/kg ASTM D 4294/ ASTM D 2622 MAX. 500
FLASH POINT 0C ASTM D 93 MIN. 55
0C,
VISCOSITY KIN AT 40 cSt ASTM D 445 2 - 4.5
WATER CONTENT (mg/kg) ASTM D 6304 MAX. 200
0C
CU - STRIP CORROSION 3 hrs AT 50 ASTM D 130 MAX. 1
ASH % m/m ASTM D 482 MAX. 0.01

CARBON RESIDUE, % m/m ASTM D 524 / ASTM D 4530 MAX. 0.3

PARTICULATE CONTAMINANTS,
ASTM D 6217 MAX. 10
TOTAL mg/l
STRONG ACID NO. mg KOH/g ASTM D 664 /974 NIL
TOTAL ACID NO. mg KOH/g ASTM D 664 /974 MAX. 0.2
CALORIFIC VALUE GROSS kcal/kg ASTM D 240 MIN. 10500

OXIDATION STABILITY g/m3 ASTM D 2274 Max. 25

DSEP RATING ASTM D 7261 50 – 100
NON DETECTABLE (NOTE2)
FAME ASTM D 7371
LUBRICITY
ASTM D 6079 MAX. 460
(HFRR wear scar dia.@600c) micron
IMPORTANT:
NOTE 1 : NOT APPLICABLE IF ANY CETANE IMPROVER ADDITIVE IS PRESENT
NOTE 2 : ADDITION OF BIO DIESEL OR BIODIESEL BLENDS ARE NOT PERMITTED

Sincerely, the Commercial Department of B2B COMMODITIES! 2

 B2B COMMODITIES
B2B COMMODITY DISTRIBUTORS LLC.
(a company organized and existing under the law of United States of America)
2055 Limestone Rd STE 200-C, Wilmington, DE, New Castle US, 19808
TEL: +1 (279) 300-0090, +1 (628) 300-0024, +1 (681) 400-0070 Fax: +1 (681) 400-0070
Email: contract@b2bcommodities.com

TRANSACTION PROCEDURE CIF

1. BUYER ACCEPTS SELLER PROCEDURE AND ISSUES ICPO WITH THE FOLLOWING: BANKING DETAILS, COMPANY PROFILE, AND PASSPORT COPY.

2. SELLER ACKNOWLEDGES BUYER ICPO AND ISSUES CONTRACT TO BUYER OPEN FOR AMENDMENT BUYER SIGNS AND RETURNS THE
CONTRACT TO THE SELLER IN WORD FORMAT WITHIN FIVE (5) INTERNATIONAL WORKING DAYS.

3. SELLER LEGALIZES AND REGISTERS THE CONTRACTS WITH INSURANCE COMPANY AND NOTARIZE IT WITH THE APPROPRIATE AUTHORITIES
OF THE MINISTRY OF ENERGY ALONG WITH THE BELOW PPOP DOCUMENT;
- PRODUCT QUALITY PASSPORT / QUALITY CERTIFICATE
- CERTIFICATE OF ORIGIN
- COMMITMENT LETTER TO SUPPLY
- STATEMENT OF PRODUCT AVAILABILITY
- AUTHORIZATION TO SELL AND COLLECT (ATSC)

4. BUYER’S FINANCIAL BANK SWIFT MT199 POF TO SENDER’S FINANCIAL BANK AND SENDER’S FINANCIAL
BANK RESPOND MT199 TO BUYER’S FINANCIAL BANK ON READY TO RECEIVE BANK INSTRUMENT FOR THE LCO SUPPLY.

5. BUYER’S BANK IN ACCORDANCE WITH SELLER’S VERBIAGE SHALL ISSUE SBLC/DLC WITHIN FIVE (7) WORKING DAYS FOR FIRST SHIPMENT’S
VALUE TO SELLER’S FINANCIAL BANK TO ENABLE SELLER COMMENCE LOADING OF PRODUCT WITH THE SHIPPING COMPANY. SELLER TO
FINALIZE LOADING WITHIN FIVE (7) WORKING DAYS. BUT IF BUYER FAILS TO ISSUE SBLC/DLC WITHIN FIVE (7) WORKING DAYS, AS AN
ALTERNATIVE PROVISION BUYER PAYS $450.000 DIRECTLY TO THE SHIPPING COMPANY VIA MT103 AS TRANSACTION GUARANTEE WHICH WILL
BE DEDUCTED FROM THE PRODUCT’S INVOICE VALUE OF PRODUCT AT DESTINATION PORT.

6. AFTER CONFIRMATION BY SELLER’S BANK, SELLER AT OWN EXPENSE, CHARTERS WITH SHIPPING/LOGISTIC COMPANY AND ALERT BUYER ON
SHIPMENT ORDERED GRAPHIC/SCHEDULE ACCOMPANIED WITH SUBMISSION OF NOMINATED VESSEL DETAILS TO BUYER.

7. SELLER’S BANK RESPONDS WITH CONTRACTUAL OPERATIVE 2% PB AND FULL POP TO BUYER’S BANK WITHIN SEVENTY -TWO (72) HOURS
UPON BUYER’S INSTRUMENT CONFIRMED BY SELLER’S BANK:
• CERTIFICATE OF INCORPORATION.
• ACT OF TRANSFER
• LEGALIZED COMMERCIAL INVOICE
• COMPANY TAX PAYER CERTIFICATE
• 48 HOURS FRESH SGS EXPORT REPORT CONDUCTED IN VESSEL
• QUALITY SPECIFICATION
• NOR/NOTICE OF READINESS ETA-ESTIMATED TIME OF ARRIVAL
• LICENSE TO EXPORT, ISSUED BY THE DEPARTMENT OF THE MINISTRY OF ENERGY, KAZAKHSTAN
• APPROVAL TO EXPORT, ISSUED BY THE MINISTRY OF JUSTICE, KAZAKHSTAN.
• REFINERY COMMITMENT TO PRODUCE THE PRODUCT.
• PORT STORAGE AGREEMENT.
• CHARTER PARTY AGREEMENT TO TRANSPORT THE PRODUCT TO DISCHARGE PORT.
• VESSEL QUESTIONNAIRE 88.
• BILL OF LADING.
• DIP TEST AUTHORIZATION (DTA) & ATB.
• ALLOCATION TRANSACTION PASSPORT CODE CERTIFICATE (ATPCC) BY MINISTRY OF ENERGY
• CARGO MANIFOLD
• ULLAGE REPORT

8. UPON SUCCESSFUL PRODUCT CONFIRMATION AGAINST SGS/CIQ REPORT OF QUALITY AND QUANTITY AT DESTINATION PORT, BUYER MAKES
PAYMENT BY MT103.

9. SELLER AND BUYER, WITHIN SEVENTY-TWO (72) HOURS, SELLER PAYS COMMISSIONS TO SELLER SIDE AND BUYER PAYS BUYER SIDE
INTERMEDIARIES INVOLVED IN THE TRANSACTION.

.......................................
Dr MALITHA ABEYKOON
B 2 B COMMODITY DISTRIBUTORS SRL
Vice president - of oil, gas production and transportation
Sincerely, the Commercial Department of B2B COMMODITIES! 3