Surabaya, April 30th 2023

Reff : 067/ICPO-MBS/EN590/IV/2023
Re : ICPO FOR ULTRA LOW SULPHUR DIESEL 10 PPM
To : Pt. Nusantara Makmur Energi
Attn : Kristian Lintong
Cc : Sudarto - Erwan Prasetyo-muhamad abdu al faiz

IRREVOCABLE CORPORATE PURCHASE ORDER

(ICPO)

Dear Sir We, PT. MAHAKARYA BUMI SENTOSA, hereby with full corporate
authority that we are ready, willing and able to purchase the following commodity as per the
specification, quantity, quality and price as specified in the terms and conditions stated
below. This representation is made with full and complete authorization. Hereby issue this
ICPO with full corporate responsibility certify our intention and capacity to supply the
ITEMS DESCRIPTIONS
PRODUCT ULTRA LOW SULFUR DIESEL EN590 10PPM
ORIGIN NON RUSSIA
DELIVERY TERMS TANK TO VESSEL
QUANTITY 100.000 MT Spot Deal (option contract 12 Month)
PRICE United States $610 per MT Gross, Out intermediaries $10 per MT (
Seller Side $5, Buyer Side $5)
T/T via MT-103 after Q&Q Inspection at Designated
Payment Term
Discharge Port within 1 day service
SPECIFICATION Appendix 2
DATE OF ISSUE & EXP DATE 3 Days
commodities according to the terms and conditions:

Sincerely Yours,
PT MAHAKARYA BUMI SENTOSA

Mr. Arie Rizky Fanthony

President Director
 NON-NEGOTIABLE TTV ( TANK TO VESSEL) STANDARD OPERATING
PROCEDURE

1.Buyer Issues ICPO, And Company Registration Certificate and Data Page of Buyer's valid
Identity card

2.Seller Issues Draft NCNDA/IMFPA & Commercial Invoice (CI) For the Available Quantity in
storage tank in Jurong Singapore Port along with the allocation of where the product is
stored, Following Documents after Receipt of the Signed CI.

Copy of Company Registration Certificate

(a)Export License

(b)Copy of Statement of Product Availability in the Tank in Jurong Terminal.

(c)Product Passport

(d)Commitment to Supply

(e)Certificate of Origin

(f)seller issue a payment invoice to the buyer

(g)upon receipt of the above document,

(h) Tank Storage Receipt.

(i) Latest SGS and Injection Report

(j) Pass Permit to Jurong Port

3. Upon confirmation of the above documents, buyer issue a Official Invitation Letter to
Seller for Table Talk Meeting at Designated Public Notary in Johor Bahru for open
amendment.

4. During TTM, upon confirmation of Proof Of Funds of Total Product Value from Buyer,
Seller Issues to the Buyer the Following Documents before Buyer's SGS team conducting Dip
Test :

(a)Three Days (3) Unconditional Dip Test Authorization (DTA)

(b)Fresh SGS Report Inspected in Tank in Jurong Storage Tanks

(c)Authorization for Physical Verification of the Product (ATV)

(d)Injection Report Shore Tank in Jurong Port

(e)Title Transfer Certificate

(f)Passport code certificate of energy distribution transaction (ATPCC)

(g)Notarized & Endorsed NCNDA/IMFPA By the Seller & Their Bank.

(h)Singapore Inspection and Quarantine (CIQ) Analysis Test Report.

 (i)Copy of ship questionnaire 88

(j)Immersion test and authorization (DTB)

5.Buyer upon Physical Verification of the Product & PPOP Confirmation Order SGS Team To
Conduct Dip Test in the Seller's Tank at Buyer's Expense and Issue SGS Certificates and
CIQ Of Q&Q In the Buyer's Name.

6.Seller Commences Immediately the Injection into Buyer's Tank and Issues the title of
ownership Certificate to be followed by All Export Documentation.

7.Buyer Makes Payment by MT103/TT Wire Transfer for The Total Product & Lifts the
Product. Seller pays all intermediaries involved in the transaction and subsequently monthly
shipment continues as per terms and conditions of the Commercial Invoice and extension of
transaction by issuing 12 months' contract to buyer for proceeding.

NOTE : TRANSACTION MUST BE DONE, CLEAN AND CLEAR ON THE SAME DAY
SPECIFICATION
BUYER’S PASSPORT
COMPANY REGISTRATION