XP

PETROLEUM
RESOURCES
INC.

XP PETROLEUM RESOURCES INC. Ref. No:101-D6-0034

Member of the Board
CEO Roman Moreno March 16, 2020

To: Kaneem Trading Wilhelmstr, 8

76137 Karlsruhe - GERMANY
Via Andre K.

LETTER OF INTEND (LOI)

Dear Sir,

We, the undersigned, Company XPPETROLEUM RESOURCES INC., on behalf of the member
of the Director Mr. Roman Moreno, acting on the basis of Charter, with the full corporate and
legal responsibility as the Buyer, with legal authorities, on its own behalf, we submit the
present Purchase Order and confirm readiness to purchase the followingcommodities:

Products: D6(VIRGIN FUEL OIL), D2 and Jet Fuel.

Origin: Russian Federation
Monthly deliveries: According to Schedule of deliveries.
Type of contract: FOB(ROTTERDAM)
Port of discharge: ROTTERDAM
Terms of payment FOB TT/ MT-103

3359 River Rd. Rosenberg Texas

77471
 XP
PETROLEUM
RESOURCES
INC.
TRANSACTION PROCEDURES FOB
1. Buyer sends ICPO in line with seller working procedures alongside his/her Tank Storage Agreement (T.S.A.)
on receipt and acceptance of Seller's Soft Offer;
2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity;
3. Upon receipt and review of the signed C.I., seller issues Unconditional Dip Test Authorization (D.T.A) to be
completed and signed by buyer in order for Dip Test to be conducted alongside counter signed copies of the
C.I;
4. Buyer returns the Unconditional Dip Test Authorization (DTA) fully completed and signed within its validity and
upon successful review of the completed DTA, seller issues the below full POP documents:

a) Fresh SGS Report (Not older than 72 hours);

b) Product Reservoir Receipt;
c) Accreditation Certificate;
d) Product Passport (Quantity and Quality Analysis);
e) Authorization to Sell and Collect Certificate (ATSCC);
f) Pre-Injection Report (PIR);
g) NCNDA/IMFPA (To be completed by all intermediaries);
h) Certificate of Product Origin;
i) Authority to Verify (ATV) either physically or otherwise.
5. Upon receipt and confirmation of the above POP Documents, Buyer provides its testing officials
(SGS or INTERTEK) and the needed test are carried out on the product seller's tanks;
6. Upon successful Dip Test, injection starts and after completion of the injection, buyer makes full
payment by MT103 for the total product. Buyer pays commission to all intermediaries involved in the transaction
within 24 hours.
7. Seller issues title of product to buyer and contract for buyer’s desired duration upon successful completion of
the trial order

Yours Sincerely, Director:

Mr. Roman Moreno
SignaturSeal

(Signature, Seal)

3359 River Rd. Rosenberg Texas

77471
XP
PETROLEUM
RESOURCES
INC.
Note: We understand by DTA unconditional that only will be signed by Seller, and Buyer. The Buyer
Tank Farm won’t be involved until Dip Test is done successfully.
.

3359 River Rd. Rosenberg Texas

77471