Full Corporate Offer (FCO)

26/10/2023

Ref: NML-NHI-26102023-480MT-EN590

To: Menon Naturals Ltd

Office Address : Amba House(C),
15 College Rd, Harrow,
England, Ha1 1BA,
United Kingdon
Telephone: +44 1277 295 260
Email :info@menonnaturals.com

We at Netoil Hengxing (HK) International Investment Group Co., Limited , issue this Full
Corporate Offer prior to signing of Sales and Purchase Agreement with you. Below are
the product information and terms and conditions:

Product Details/Specifications:

Commodity: LOW SULPHUR DIESEL FUEL EN590(10 ppm)

Specification: STANDARD EXPORT QUALITY AND GRADE
Origin QATAR ORIGIN
Discharging Port CIF Rotterdam/ Houston/ Fujairah
Contract Term 200,000 MT X12 MONTHS
Shipping Schedule Within thirty (30) working days after the verification, clearance &
acceptance of PB and as per the agreed delivery schedule.
Price: USD 490 PER MT
Performance Bond 2% PB of SBLC/DLC amount
Payment Terms DLC & MT103: SBLC/DLC via SWIFT MT-760 covering the value
equivalent to one (1) month shipment value;
MT103/TT equivalent to the volume of the Commodity shipped,
after SGS/CIQ report of Quality and Quantity, the buyer makes
payment by MT103.
Certification SGS, CIQ OR SIMILAR

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TRANSACTION PROCEDURES:

1. a. Buyers issues Irrevocable Corporate Purchase Order (ICPO) company profile and
buyer passport.
b. Buyer provide Bank Confirmation Letter (BCL) under bank to bank direct to Qatar
Refinery company
2.Seller issues the draft 3 parties SPA for buyer's review and signing
3.Seller issues the below PPOP document.
a. Product Quality Passport Quality Certificate.
b. Certificate of Product Origin.
c. Product availability for Commitment letter to supply the product from Ministry of
Energy.
d. ATSC – Authorization to Sell and Collect.
4.Buyer’s bank per seller’s verbiage shall issue SBLC/DLC within ten (10) working days
for one month shipment’s value to seller’s refinery financial bank to enable the seller
to commence loading of a product with the shipping company. Seller to finalize
loading within ten (10) working days.
5.After confirmation by seller’s refinery bank, the seller at own expense, charters with
shipping/logistic company and alert buyer on shipment ordered graphic/schedule
accompanied with the submission of nominated Vessel details to the buyer.
6.Seller’s refinery bank responds with contractual operative 2% PB of SBLC/DC Value
and full POP to buyer’s bank within seventy - Two (72) hours since buyer’s
instrument confirmed by seller’s bank
a) Copy of the Port Storage Agreement.
b) Copy of the CPA, to Transport the Product to Discharge Port.
c) Vessel Q88.
d) Original BL (full set).
e) Copy of SGS Report.
7.Upon successful product confirmation against the SGS/CIQ Report of Quality and
Quantity at the destination port, the buyer makes payment by MT103.
8.Seller and buyer, within seventy-two (72) hours, the seller pays commissions to the
seller side and the buyer pays to buyer’s intermediaries involved.

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The validity of this Full Corporate Offer is 3 days from dated herein.

Signed and Sealed by: (Accepted by Buyer)

Netoil Hengxing (HK) International Menon Naturals Ltd
Investment Group Co., Limited

_______________________________ __________________________________________
Mr. Xu Xu Hua Mr. Venu Menon
Title: Director/CEO Title: CEO
Date :26/10/2023 Date :

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PRODUCT SPECIFICATION

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SELLER’S COMPANY REGISTRATION CERTIFICATE

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SELLER’S REPRESENTATIVE PASSPORT COPY