01/08/2023

Dear Mr AKG TİCARET LTD. ŞTİ.

We, the undersigned at, BLG OIL SUPPLY, acting based on

Charter, with full corporate and legal responsibility, we are Ready,
Willing and Able to Sell DIESEL EN590 10 PPM under the terms
and conditions as specified below.

PRODUCT: DIESEL EN590 10 PPM

TRIAL: 100,000 MT

QUANTITY: 100,000 MT X 12 MONTHS AGREEMENT

TOTAL QUANTITY: 1,200,000 MT

ORIGIN: NON RUSSIAN - NON AZERBAIJAN

LOADING PORT: ASWP

DELIVERY: CIF (INCOTERMS-2020) - ROTTERDAM, THE

NETHERLANDS

DELIVERY DATE: FIRST DELIVERY 10 DAYS AFTER PAYMENT

MADE. DELIVERY WILL BE DETERMINED IN THE CONTRACT.

INSPECTION: ‘SGS’ AT THE PLACE OF UNLOADING.

PRICE: PLATT MINUS %15

PAYMENT TERM: MT103/TT Wire Transfer, SBLC MT 760 (NON-

TRANSFERABLE)
 CIF TRANSACTION PROCEDURE:
1. Buyer send a Letter of Intent indicating interest in the
purchase of product at stated quantity.
2. Seller responds to the Letter of Intention (LOI) with a Soft
Corporate Offer (SCO) including product specification and
Corporate Profile of Seller’s Company.
3. Buyer responds to the SCO with an official Irrevocable
Corporate Purchase Order (ICPO) with Buyer’s bank details
and BCL (MT199-Bank to Bank).
4. Sellers verifies Buyer’s information and then issues a
Commercial Invoice (CI) for the Quantity of Products/Trial Lift
available in the Seller’s Storage Tanks.
5. Within 2 business days of the signing of the CI, Seller issues a
Draft Sales and Purchase Agreement (SPA) with the mutually
agreed terms with the Buyer.
6. Buyer returns the signed draft SPA with indicated
amendment if any within (2) working days.
7. 24 Hours after both parties signed and confirm to the
SPA/CI, Seller issues the following set of Partial Proof of
Products (PPOP) Documents to the Buyer;
a. Certificate of statement of availability of the product
b. Company registration certificate of incorporation
c. Commitment to supply
8. Within 7-10 business days after the receipt and confirmation
of the SBLC (NON-TRANSFERABLE) by the Buyer, Seller
schedules shipment to Buyer destination port and issue Full
Delivery documents stated below to the Buyer;
a) Product/production Allocation Application Permits
b) Product/production Allocation Ownership Title
c) Application and Ownership of Export Permits
d) Export Tax and Duties Payment Receipts e) Bulking Storage
Tank & Payment Receipts
f) Certificate of Analysis G. Certificate of Origin and Customs
Declaration
g) Certificate of Quality
h) Certificate of Weight i) Bill of Lading
j) Dip Test Authorization (only applies to product lifted from
storage or transfer tanks)
k) Copy of the Charter Party Agreements to Transport the
Product to Discharge Port
l) Copy of the Refinery Commitment to Produce the Product
m) Certificate of origin
n) Product passport quality & quantity at country of origin
(analytical report by authorized petroleum laboratory)
o) Approval to export (export license)
9. Buyer executes the payment of the products invoice value
after customs clearance (Q&Q Certificate (s) issued at the
destination port) to the Seller Bank Representatives account
via MT103-T/T wire transfer.
10. Seller transfers to the Buyer TITLE OF OWNERSHIP
CERTIFICATE