Oil Trading Company
We Provide Energy to the World
Niaga Umum Licence No : 05NW.03.18.00.23
Date : 3 Oktober 2012
To : PT. Bogara Energy
Attn : Rosida Aviva
FULL CORPORATE OFFER
No. : 006/FCO - BE/X/2012
DEAR madam,
WE, PT. KHATULISTIWA RAYA ENERGY, UNDER PENALTY OF PERJURY, HEREBY IRREVOCABLY CONFIRM OUR READINESS,
WILLINGNESS AND ABILITY TO SELL THE SAID PRODUCT IN THE QUANTITY AND FOR THE PRICE AS SPECIFIED HEREIN AND
AS PER THE TERMS AND CONDITIONS STIPULATED HEREIN. THIS REPRESENTATION IS MADE WITH FULL CORPORATE
AUTHORITY AND RESPONSIBILITY OF PT. KHATULISTIWA RAYA ENERGY AS THE SELLER.
ORIGIN MALAYSIA
DETAILED SPECIFICATION PETRONAS – D2
QUANTITY 600,000 MT PER YEAR.
DELIVERY IN THE MONTH 50,000 MT
PRICE PER METRIC TON MOPS DISC $10 PER MT
DESTINATION MALAYSIA
PAYMENT CONDITIONS IRREVOCABLE DOCUMENTARY L/C AGAINST SHIPPING DOCUMENTS
INSPECTIONS SGS FOR QUANTITY AND QUALITY
PERFORMANCE BOND 2%
PROCEDURES :
1. SELLER ISSUES FULL CORPORATE OFFER (FCO).
2. BUYER ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) WITH FULL BANK REFERENCE AND
PROOF OF FUNDS (POF).
3. SELLER THEN ISSUES A SALES AND PURCHASE AGREEMENT (SPA) FOR ACCEPTANCE BY THE BUYER.
4. BUYER SIGNS THE SPA BY ELECTRONIC DOCUMENT TRANSMISSION (EDT) AND SENDS BACK TO THE SELLER.
5. BUYER’S BANK SENDS BY SWIFT – MT 799 TO SELLER’S BANK AS PER VERBIAGE APPEARING IN ANNEX “B”
ATTACHED HERETO.
6. IT IS AGREED BY PARTIES THAT THE FOLLOWING DOCUMENTS SHALL CONSTITUTE FULL PROOF OF PRODUCT
(POP), TO WITH ;
Apartement Gading Mediterania
JL. Boulevard Bukit Gading BLOK RK – 25 JAKARTA UTARA, INDONESIA
Phone +62-21 300 410 48, +62-21 300 410 49 ,
Fax +62 21 300 410 49
Email:
[email protected] Web : www.khatulistiwaenergy.com
a. TRANSNEFT CONFIRMATION NUMBER.
b. COPY OF EXPORT PERMIT ISSUED BY THE MINISTRY OF ENERGY, RUSSIA.
c. COPY OF PERMISSION TO EXPORT ISSUED BY THE MINISTRY OF JUSTICE. RUSSIA.
d. COPY OF THE REFINERY ALLOCATION NUMBER.
7. WITHIN THREE (3) BANKING DAYS AFTER RECEIPT OF PROOF OF PRODUCT (POP), BUYER’S BANK ISSUES AND
SHALL SEND ITS SWIFT ‐ MT 760 TO THE SELLER’S BANK AS PER VERBIAGE APPEARING IN ANNEX “B” ATTACHED
HERETO.
8. SELLER, UPON RECEIPT OF THE SWIFT ‐ MT 760 OF THE IRREVOCABLE, DOCUMENTARY LETTER OF CREDIT
(IDLC), WILL ISSUE THE FIXED PERFORMANCE BOND (PB). AND PROVIDES THE FOLLOWING DOCUMENTS;
a. SIGNED COMMERCIAL INVOICE IN TRIPLICATE
b. NOTE: THIRD PARTY DOCUMENTS ALLOWED.
c. 3/3 SET OF CLEAN ON BOARD OCEAN BILL OF LADING (BL) MADE OUT TO THE ORDER OF THE “CLEAN
ON BOARD”, MARKED “FREIGHT PRE‐PAID”.
d. NOTE: CHARTER PARTY’S BILL OF LADING (BL) ACCEPTABLE.
e. PACKING LIST IN DUPLICATE.
f. BENEFICIARY’S CERTIFICATE CERTIFYING THE ONE (1) FULL SET OF SHIPPING DOCUMENTS HAS BEEN SENT
TO THE APPLICANT BY COURIER SERVICES WITHIN THREE (3) DAYS AFTER SHIPMENT.
g. INSPECTION OF QUANTITY AND QUALITY CERTIFICATE (INDICATING THIS L/C AND VESSEL TANKER ISSUED
BY SGS).
9. UPON ARRIVAL AT DESTINATION PORT, SOCIETE GENERALE DE SURVEILANCE (SGS) CONDUCTS INSPECTION ON
BOARD AND ISSUES CERTIFICATES OF QUALITY AND QUANTITY (IF BUYER FAILS TO APPOINT SOCIETE GENERALE DE
SURVEILANCE (SGS) TO INSPECT THE CARGO AT DISCHARGE PORT WITHIN THREE (3) DAYS, IT IS ASSUMED THE
BUYER ACCEPTS THE INSPECTION CERTIFICATES ISSUED AT LOAD PORT.
10. CARGO IS DISCHARGED AND PAYMENT EFFECTED AS PER CONTRACT TERM.
11. THE FIRST SHIPMENT MUST ARRIVE AT THE UNLOADING PORT AT THE TIME AND DATE AS DEFINED IN THE CONFIRMED
DELIVERY SCHEDULE (DS) WHICH WILL BE SUBMITTED TO THE BUYER WITHIN FIVE (5) BUSINESS DAYS AFTER
RECEIVING THE IRREVOCABLE, DOCUMENTARY LETTER OF CREDIT (IDLC). SUBSEQUENT SHIPMENTS SHALL
BE AS DEFINED IN THE CONFIRMED DELIVERY SCHEDULE (DS).
Yours Sincerely,
DJADJA SUDJADI
President Director
PT. KHATULISTIWA RAYA ENERGY
APT. GADING MEDITERANIA BLOCK RK NO 25
KELAPA GADING BARAT
JAKARTA UTARA
Apartement Gading Mediterania
JL. Boulevard Bukit Gading BLOK RK – 25 JAKARTA UTARA, INDONESIA
Phone +62-21 300 410 48, +62-21 300 410 49 ,
Fax +62 21 300 410 49
Email:
[email protected] Web : www.khatulistiwaenergy.com
Banker’s Letterhead
ORIGINATOR : PT KHATULISTIWA RAYA ENERGY
DESTINATION : BY BUYERS DIRECTION
MESSAGE TYPE : 799 AND 760
BANK REFERENCE NO : XXXXXX
DATE : Oktober 2012
TRANSACTION CODE : XXX
TO : PT. KHATULISTIWA RAYA ENERGY
RE : PROOF OF FUNDS
DEAR SIRS,
THIS IS TO CONFIRM THAT OUR MUTUAL CLIENTS ___________________________ MAINTAIN A BANKING ACCOUNT WITH
US.
WE, CHINA MERCHANT BANK WITH FULL AUTHORITY AND MANDATE HEREBY CONFIRM THAT OUR CLIENT MR.
________________ THE PRESIDENT DIRECTOR OF ____________________ CORPORATION ARE WILLING AND FINANCIALLY
ABLE TO INITIATE THE PROCESS OF PURCHASING OF 50,000 MT OF HIGH SPEED DIESEL DURING THE NEXT 12
MONTHS.
WE UNDERSTAND THE TOTAL VALUE OF IMPORTS UNDER THE SIGHT IRREVOCABLE DOCUMENTARY CREDIT ON C&F
BASIS IS IN THE REGION OF US$ XXXXXXXX
THESE FUNDS ARE CLEAN, CLEAR, FREE OF ANY LEVY, LIENS OR ENCUMBRANCE, ARE FREELY TRANSFERABLE, AND
RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED THAT SUCH FUNDS WERE LEGALLY OBTAINED FROM
NON‐CRIMINAL BUSINESS ACTIVITIES. THIS OPERATIVE INSTRUMENT MAY BE CONFIRMED ON BANK TO BANK BASIS.
OUR CLIENTS HEREBY GIVE AUTHORITY TO THE SELLERS TO PROCURE USUAL BANKER’S REFERENCE.
____________________________________
SIGNED
FULL NAME OF THE SIGNATORY ____________________________________
DESIGNATION OF THE SIGNATORY ____________________________________
CLIENTS’ NAME AS WRITTEN IN ACCOUNT ____________________________________
ACCOUNT NO ____________________________________
BANK TELEPHONE NO (IF NOT PRINTED ABOVE) ____________________________________
BANK’S FAX NO ____________________________________
BANK SWIFT/SORT-CODE ____________________________________
SEAL
Apartement Gading Mediterania
JL. Boulevard Bukit Gading BLOK RK – 25 JAKARTA UTARA, INDONESIA
Phone +62-21 300 410 48, +62-21 300 410 49 ,
Fax +62 21 300 410 49
Email:
[email protected] Web : www.khatulistiwaenergy.com
