GPD international Ltd

Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

SOFT CORPORATE OFFER

“We GPD International Ltd”, with legal responsibility under penalty of perjury hereby confirm the Availability and
Capability to Supply the under-list products for Immediate Spot and Contract sales. The Supply is guaranteed to
meet the Specification and pass through the stringent requirement of SGS or its Equivalent. A financial Statement
from the Buyer’s bank clarifying the buyer’s financial capability will be required to consider the buyer’s
negotiations. Only direct negotiations from the end buyer’s representative and mandates will be considered.

TERMS OF TRANSACTION:
TRANSACTION PORT: FOB & CIF: ROTTERDAM/ HOUSTON/ FUJAIRAH
PAYMENT TERM: MT103, T/T WIRE, SBLC, DLC,
ORIGIN: QATARI ORIGIN
INSPECTION: ANY UNIVERSALLY ACCEPTED Q&Q INSPECTION COMPANY
COMMISSION: TO BE SHARED 50% EACH BY BOTH SIDES

ULTRA‐LOW SULPHUR DIESEL EN590

Minimum Quantity: 20,000 metric tons
Maximum Quantity: 300,000 metric tons
CIF price: GROSS USD $405.00 MT NET: USD $ 395.00 MT
FOB Price: GROSS USD $ 395.00 MT NET: USD $ 385.00 MT

DIESEL GAS D2 OIL

Minimum Quantity: 10,000 Metric Tons per Month
Maximum quantity: 500,000 Metric Tons per Month
CIF Price: Gross USD $ 400.00MT NET / USD $ 390.00MT on CIF
FOB Price: Gross USD $ 390.00MT NET / USD $ 380.00MT on FOB

MAZUTM100
Minimum Quantity: 10,000 Metric Tons per Month
Maximum quantity: 500,000 Metric Tons per Month
CIF Price: Gross USD $300.00/ USD $ 290.00 NET on CIF
FOB Price: Gross USD $290.00 / USD $280.00 NET on FOB

AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL

Minimum Quantity: 500,000 Barrels per Month
Maximum Quantity: 5,000,000 Barrels per Month
CIF Price: Gross USD $ 94.00BBL NET/ USD $90.00 NET on CIF

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

FOB Price: Gross USD $ 90.00BBL NET / USD $86.00 NET on FOB

VIRGIN FUEL OIL D6

Minimum Quantity: 400,000,000 Gallons per Month
Maximum quantity: 800,000,000 Gallons per Month
CIF Price: Gross $0.78 / $0.74 NET on CIF
FOB Price: Gross USD $ 0.74 / USD $0.70 NET on FOB

LIQUEFIED PETROLEUM GAS.

Minimum Quantity: 10,000 Metric Tons per Month

Maximum Quantity: 1,000,000 Metric Tons per Month

CIF Price: Gross USD $ 500.00MT / USD $ 490.00MT NET on CIF

FOB Price: Gross USD $ 490.00MT / USD $ 480.00MT NET on FOB

LIQUEFIED NATURAL GAS (LNG)

Minimum Quantity: 100,000Metric Tons Per Month

Maximum Quantity: 400,000Metric Tons Per Month

CIF Price: Gross USD $ 500.00MT / USD $ 490.00MT NET on CIF

FOB Price: Gross USD $ 490.00MT / USD $ 480.00MT NET on FOB

FUEL OIL CST‐180

Minimum Quantity: 10,000 Metric Tons per Month

Maximum quantity: 500,000 Metric Tons per Month

CIF Price: Gross $310.00/ $300.00 NET on CIF

FOB Price: Gross USD $300.00/ USD $290.00 NET on FOB

UREA 46% PRILLED & GRANULAR

Minimum Quantity: 10,000 Metric Tons per Month

Maximum quantity: 50,000 Metric Tons per Month

Company Registration No. 497659 Company VAT No. IE9783688R
 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

CIF Price: Gross USD $ 460.00 / NET USD $ 450.00 on CIF

SULFUR GRANULAR

Minimum Quantity: 50,000 metric tons per month

Maximum Quantity: 500,000 metric tons per month

CIF Price: Gross $350/NET $340 on CIF

JET A1 FUEL

Minimum Quantity: 500,000 Barrels per Month

Maximum Quantity: 5,000,000 Barrels per Month

CIF Price: Gross USD $ 94.00BBL NET/ USD $90.00 NET on CIF

FOB Price: Gross USD $ 90.00BBL NET / USD $86.00 NET on FOB

AUTOMOTIVE GAS OIL (AGO)

Minimum Quantity: 50,000 metric tons per month

Maximum Quantity: 500,000 metric tons per month

FOB PRICES: GROSS $ 340 USD/ NET $330 USD

PETROLEUM COKE

Minimum Quantity: 50,000MT per Month

Maximum Quantity: 400,000MT per Month

CIF Price: USD $ 130.00MT/USD $ 120.00 NET on CIF

LIGHT CYCLE OIL(LCO)

Minimum Quantity: 50,000 MT per Month

Maximum quantity: 400,000 MT per Month

CIF Price: USD $ 280.00MT/USD $ 270.00 NET on CIF

Company Registration No. 497659 Company VAT No. IE9783688R
 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

FOB ROTTERDAM TANK TO TANK PROCEDURE

1. Buyer issues ICPO upon acceptance of seller’s procedure + TSA for seller verification

2. Seller issues commercial invoice (CI) and Tank to Tank Injection Agreement TTTIA which must be sign by buyer
and buyer storage Tank farm

3. Buyer signs and returns commercial invoice CI + TTTIA and NCNDA+IMFPA

4. Seller legalized the CI +TTTIA and provide buyer with legalized documents + listed PPOP ❖ Product Passport
(product analysis report)

❖ Irrevocable Commitment Letter to Supplier ❖ SGS Report

❖ Injection Report ❖ legalize TTIA.

❖ ICC warning letter ❖ ATSC

5.Buyer Dip Test the product to confirm the Q&Q of the products.

6.Seller within 4 working days inject the product to the buyer tank according to the signed TTTIA

7. Buyer makes payment for total cost of product injected into buyer tanks via MT103, Seller transfer title of
ownership to buyer with all exportation documents required of buyer for the transaction.

8. Seller and buyer sign one-year contract Upon conclusion of first lift Transactions, seller pays the commission
according to the sign NCNDA+IMFPA.

REFINERY FOB PROCEDURES 1

1. Buyer issues an official ICPO along with Tank Storage Agreement (TSA) accompanied by company certificate of
registration and valid means of identification.

2. Seller issues:

• commercial invoice (CI) for the available quantity in the storage tank

• product passport (Product Analysis Report),

• Notarized Statement of availability of product

• Authority to verify (ATV) via email or phone call.

• Notice of Readiness (NOR)

3. Buyer returns the commercial invoice and NOR duly signed by the buyer and buyer’s logistic company.
Company Registration No. 497659 Company VAT No. IE9783688R
 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

4. Seller issues to the buyer the listed below documents:

• Unconditional dip test authorization (DTA)

• Fresh SGS inspection report

• Injection Report

• Certificate of Origin

• Notarized and endorse NCNDA/IMFPA

• Authorization to sell &collect (ATSC)

• Tank storage receipt (TSR)

• Commitment letter to supply

5. (Optional) Buyer SGS team re-conducts dip test inspection on the product in seller storage tanks on buyer
expense

6. Upon successful dip test inspection, buyer pays for the total product value and seller immediately transfer the
title of product ownership to buyer with all export documents.

7. Seller immediately commences injection of the product into buyer’stanks.

8. Seller pays intermediaries.

REFINERY FOB PROCEDURES 2

1. Buyer accepts seller working procedure and issue ICPO

2. Seller issues commercial invoice (CI) will be signed by Buyer and returns commercial invoice

3. Seller provide buyer with the below listed PPOP along with NCNDA & IMFPA A. Statement of Product
Availability

B. Certificate of Origin.

C. Conditional DTA for dip test. D. Product Passport Analysis.

4 Buyer provide his storage tank agreement after confirmation from our management to proceed, buyer provides
tank storage receipt for 5 days to enable buyer to gain access to facilitated seller tank to conduct dip test and
execute the Quality & Quantity Inspection in Tank Farm for FRESH Analytical Report/Result by SGS.

5. After successful DIP test seller release Dip test SGS result.

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

6. Injection of product proceed into Buyer’s vessel or injects into Buyer’s tanks Buyer or buyer retain tank
takeover within maximum 48 hours Buyer pays via MT 103/TT for the spot transaction and seller issues all export
documents to buyer.

7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and proceed
with the signing of contract with Buyer.

REFINERY TANK TO VESSEL/DIP & PAY PROCEDURE

1. Buyer issues official ICPO addressed to the refinery or representative.

2. Seller issues Commercial Invoice (CI), buyer signs and returns the signed invoice to the seller.

3. Seller issues to the buyer the partial proof of product documents:

• ATSC - Authority to sell and collect.

• DTA - Dip Test Authorization

• PRODUCT PASSPORT - Product analysis report

• STATEMENT OF PRODUCT AVAILABILITY

• COMMITMENT LETTER TO SUPPLY

• ATV – Authority to verify the existence of product via email or phone call.

4. Buyer extends seller’stank and receives full GPS coordinates of the tanks, Hub Numbers, terminal access
permit and dip testis conducted immediately with buyer’steam to obtain fresh SGS report.

5. After a successful Dip Test in Seller’s tanks, Buyer takes over seller’stank or Seller injects into buyer’s vessel /
Tank and buyer conducts its DIP TEST Inspection for Q & Q of the Petroleum Products aboard vessel / Tank.

6. Buyer after a successful Q &Q Dip test on the product, the buyer makes the payment for the total value of the
product injected into the tanks through the means of MTI03 - TT.

7. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer the Title
ownership of the product and all exporting documents of the Product. The seller pays all intermediaries involved
in the transaction.

CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES

1.Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller's Refinery along with
company profile and buyer passport.

2.Seller issues the draft SPA for buyer's review and signing

3: Seller issues the below PPOP document.

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

a. Product Quality Passport Quality Certificate. b. Certificate of Product Origin.

c. Product availability o Commitment letter to supply the product from Ministry of Energy.

d. [ATSC].

4. Buyer’s bank per seller’s verbiage shall issue SBLC/DLC within six (6) working days for first shipment’s value to
seller’s financial bank to enable the seller to commence loading of a product with the shipping company. seller to
finalize loading within six (6) working days. But if the buyer fails to issue SBLC/DLC within six (6) working days, as
an alternative provision buyer pays 3% of the total product value directly via MT103 as a transaction guarantee
which will be deducted from the product’s invoice value of the product at the destination port.

5. After confirmation by seller’s bank, the seller atown 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 bank responds with contractual operative 3% PB 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 buyer side intermediaries involved in the transaction.

CIF TRANSACTION PROCEDURE 2

1. Buyer issues ICPO with this procedure incorporated on the ICPO along with Buyer’s company registration
certificate.

2. Seller Issues Sale & Purchase Agreement (SPA), Buyer review, amend (if necessary), signs, and return the SPA in
WORD format to Seller within 3 banking days. Sellersends final SPA to

Buyer in PDF format; Buyer confirms final SPA and issues letter of acceptance of the final SPA.

3. Seller issues to Buyer via email the following transaction documents:

A. commitment to supply

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

B. statement of product availability

C.certificate of origin) D. product passport

E. ATSC,

The buyer confirms the receipt of the documents by mailand issues a confirmation letter within 24hrs.

4. Seller arranges the chartered freight with a renowned shipping company for the transportation of the product
to buyer designated discharge port, both Seller and Buyer sign the Charter Party Agreement (CPA) together with
the shipping company (A three-party CPA) this is applicable only for 1st shipment. (Seller & Buyer) jointly pays
CPA cost 50/50 viaT/T wire transfer directly to the shipping company. The fee would later be refunded
/deducted when the Buyer is paying for the total product cost).

5. After completion of the above, Seller issues to Buyer product title transfer agreement, Buyer signs and returns.
Seller legalizes the Contract with the authorities in charge and sends.

6. To the buyer the legalized contract, the certificate of product title transfer and then proceeds with the port &
custom clearance of product and all internal routines operations accordingly.

7. Upon completion of the above and confirmation of this export approval by the Authority to Seller with the
endorsement of the Charter Party Agreement (CPA) and the Shipping Schedule by the Port Authority, to enable
Seller to release the below Proof of Product Documents:

- Legalized Charter Party Agreement (CPA) with the Loading Port Authority.

- Injection Report

- Product Allocation Certificate.

- Allocation Title Transfer Certificate.

- Export License

- Export Approval

- Tank Receipt.

- Dip Test Authorization.

8. Seller issues the commercial invoice and sends to the Buyer. Seller to lodge and activate a 3% PB
(Performance Bond/Performance Guarantee) in the favour of the Buyer. If Seller fails to supply the
cargo/shipment of the product to the Buyer, this 3% Performance Bond will be paid/forfeited to the Buyer.

9. The product SGS inspection charges will be borne by the Seller at the loading port. Seller invites buyer for
visitation to witness the final inspection and TTM for negotiation of the future transaction

(Optional to Buyer).

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

10. Seller signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller's bank.

11. Loading & Shipment of the product commences as per schedule. Upon Vessel’s arrival and finalization of SGS
at the destination port, Buyer release payment via swift fund transfer within 3 to 5 banking

days to Seller for the total.

TANK TAKE OVER (TTO) PROCEDURE.

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Guarantee Letter to take over Title of the
product.

2. . Seller issue draft (MOU) agreement to Buyer countersign and return to the seller.

3. Seller acknowledges signed MOU.

4. Sellersends to Buyer the following documents for Buyer's confirmation.

A. Seller's Registration Certificate

B. Bill Of Lading- (in the name of the previous buyer as Consignee.)

C. Vessel Tanker Details.

D. Product Passport-Dip-Test Report. E. Proforma Invoice.

F. 5% Payment deposit Invoice. G. Cargo Manifest.

H. Cargo Ullage Report.

I. Q88

5. Buyer confirms the goods documents and makes a 5% down deposit which stands as an Allocation and Security
Guarantee payment to the seller nominated bank by T/T Wire

Transfer within 3 banking days to enable the seller to change every document to buyer’s name and instruct the
vessel captain to re-route the vessel to the new buyer’s destination port. The 5% deposit Payment made shall be
deducted from the total payment value of the takeover product.

6. Seller releases afresh dated Dip-Test Authorization-DTA to Buyer to order SGS inspection or Equivalent
inspection team for Q & Q inspection upon goods/cargo arrival at the

discharge port.

7. Upon the successful completion of Dip-test inspection, Buyer makes the balance 95% payment by MT103 wire
transfer for the total goods value, Seller transfers Title of

ownership Certificate to buyer's name as the legitimate owner of the goods and commence translating.

Company Registration No. 497659 Company VAT No. IE9783688R

 GPD international Ltd
Carnmore,Oranmore
Co.Galway,Ireland

Tel:+353 91 792892/792895
Fax:+353 91 792893
sales@gpdintl.com

8. Trans-loading commences immediately.

Seller will release payments to the intermediaries involved within 48 hours of receiving the payment for the
product from the Buyer’s bank.

On behalf of the management of GPD International-2

Sales Manager

Desmond Cullinane

Company Registration No. 497659 Company VAT No. IE9783688R