LETTER OF INTEREST FOR ULSD

Tuesday, March 21, 2023

To NAJRAN UNITED
To OOO SANOIL
Through:
Attn: Mr. RaedKONDRATIEV
MR. DMITRY
Dear Sirs

Pleased to make your acquaintance thanks to the indications of our interlocutor Mr. Raed,
therefore we are taking the opportunity to submit, this our LOI, including utmost clarity
regarding our intent and the expected SOP, in order to guarantee rights and obligations of the
involved parts;

After receiving your positive response and the requested information, we would be reasonably
able to move toward conclusion of this break ice deal, which will allow us many subsequent
opportunities and will open new profitable horizons;

We would be delighted to submit the above mentioned order in person, so, we ask for the
possibility of having a TTM in your/the supplier’s corporate head office of Dubai or in
Oman, so as to confer with the management and to clear the way for conclusion; Since we
will be present at those locations on the next 15 days, for other business appointments.

A The commodities, subject of acquisition

Product: ULSD 10ppm EN 590
Quality: ULSD please confirm the below enclosed specifications
Quantity: annual contract, 6 bimonthly deliveries of 30.000,00 MT per each
Origin: Any excluded sanctioned
Delivery: Lithuania PORT
Payment: Mt 103 assured by IRDLC, issued by AB SWED BANK to be transferred from our
ENBD from Dubai*
PB: in the agreed form
Currency: USD

Please confirm the loading port and the estimated time to reach destination.

F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)
A part from what above please advise all the products you would be able to supply, Crude oil
which? Gasoline, grades? Gasoil 500 ppm and other grades? jet A-1& JP54? VFO, sulphur and
density, CST 180 2%? LNG & LPG, Urea please submit the specifications of each. And official
and unofficial ORIGIN, preferred declared official Arabic origin.

The declared official origin of each product and the main loading or the loading port of each
commodity

B Banking

We would be transferring (through our ENBD Dubai)in favour of our seller, the ingoing LC
issued from the AB Swed Bank, a primary banks, which is well considered too from our
Emirates NBD, they have made successfully different operations.

Please confirm the details of the refinery/Supplier, our contractual Seller and, above all, all the
banking details of its transacting primary Bank, receiver of LC and issuer of PB, so as to
interact with our bank, so, the operation will run smoothly.

We, as contractual Buyer, will use our owned homonymous mainland in Dubai, just established
on purpose, and our bank for this specific transaction, would be NBD, the biggest in Emirates
and one of the most well reputed banks worldwide,

THE CONTRACTUAL Buyer:

NAME: F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio

Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)

LEGAL ADDRESS: Trade Centre First

302-API WORLD TOWER (DUBAI)

License: 1088288 (DUBAI)

CONTACT NAME: Ahmed Abo Hatab

F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)
 POSITION: Director & Owner

PASSPORT: YA5035415 (IT) Exhibition 1

Emails: amed@abogroup.it info@fipaswiss.ch

president@fipaswiss.ch

Mobile: +39 348 4404858

BANK NAME: EMIRATES NBD

BANK ADDRESS: Blue Bay Tower, 12th Floor,

Al Abraj Street, Business Bay,

Dubai – UAE

SWIFT CODE/ BIC: EBILAEAD XXX

ACCOUNT NAME: FIPA

SENIOR BANK CONTACT Nazir Ahmad

BANKER TEL: +971 (04) 2498126

BANKER EMAIL: NazirM@emiratesnbd.com

C Specifications

F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)
D Price The price shall be your best quotation fixed for the whole contractual duration, expected
around $ 600 per MT.

For ULSD we may consider a discount correlated to the specific quotation per Platt’s S&P
Global Market Insights, European Marketscan Code AAVBG00,, around 30%

E Procedures We would be really grateful to receive a draft of your contractual structure, in

order to submit any our indication, if there would be any, however we allow to below enclose
the standard commonly used in oil transactions.

*CIF ASWP Transaction Procedure & Terms:

1. Buyer issues Purchase Order according the agreed guidelines.
2. Seller issues Draft Sales and Purchase Agreement Contract for buyer's review and eventual
amendments.
3. Buyers signs the approved Sales and Purchase Agreement Contract and proforma Commercial
Invoice back to the seller.
4. Seller registers and legalizes the signed Sales and Purchase Agreement Contract.
F I P A Petrochemicals Trading LLC
COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)
 5. Seller sends legalized contract and below Partial POP Documents to buyer, also a copy via BANK
TO BANK as listed below:
6.
(a) Seller Irrevocable Commitment to Supply.
(b) Statement of availability of product.
(c) Certificate of origin.
(d) Commercial invoice for the first value shipment.
(A) Confirmation / refinery’s commitment to produce the product.

All legalized documents endorsed by the competent authority

7. In six (6) working Days. Buyer transfers the Guarantee, non-transferable (DLC MT720) to cover
the first shipment to seller's bank
8. Upon confirmation of buyer's DLC-MT720, seller’s bank will respond issuing 2% transferable
Performance Bond, and Seller sends Full POP, and Shipping Documents, also a copy bank-to-
bank as shown below:

a) Copy of license to export

b) Copy of Approval to Export
d) Copy of the
e) Copy of contract to transport the product to the loading port.
f) Copy of the port storage agreement.
g) Copy of the charter party agreement to transport the product to discharge port.
h) Copy of Vessel Questionnaire 88.
i) Copy of Bill of Lading.
j) SGS Report at loading port.
k) Dip test Authorization (DTA) & ATB

9. Shipment commences and upon arrival of the vessel tanker at the discharge port within latest 20
days as from the collateral’s submission, Buyer conducts the final test, upon verification of
quality and quantity, will be issued by SGS/SAYBOLT or equivalent’s inspection report, to be
made available to both the buyer/seller and to their respective banks; Hereafter the product will
be available for discharge.

Upon successful inspection report and against receipt of the agreed documents, the export’s
documentation, Certificate of Ownership Transfer and Allocation Transaction Passport Code
Certificate (ATPCC) by Ministry of Energy; Within latest 4 banking days the Buyer’s bank
releases payment for the total value of the product to the seller's Bank via MT 103.

10. Second and succeeding shipments continue;

F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)
Pending your kind positive response and to receive the required information and the meeting’s
confirmation.

06-03-2023

0039 348 4404858

Kindest Regards
Ahmed Abo Hatab

F I P A Petrochemicals Trading LLC

COMMERCIAL & CORRESPONDENCE ADDRESS: Via Ferruccio Pelli N. 9 (BBFID)- 6901 Lugano (SWITZERLAND)
LEGAL ADDRESS: Trade Centre First 302-API WORLD TOWER (DUBAI)
info@fipaswiss.ch Phone 0039 3484404858
License: 1088288 (DUBAI)