Date: APR.
30th,
2024 Ref.: MSL.
• To; Qingdao Zhongyida Energy (Qingdao) Co., L
Full corporate offer (FCO)
According to your submitted "Letter of Interest" dated in "APRIL, 30/2024". We, MYRIAD
STARS LTD., acting as the seller, hereby confirm with full corporate authority under
penalty of perjury our readiness to supply the following commodity as stated below:
PRODUCT . Light crude oil
GRADE
Origin Kazakhstan
MT
QUANTITY:
5
4,000,000 Barrels MONTHLY
Contract 12 MONTHS
PRICE CIF US$ 75 per Barrel
DELIVERY CIF ASWP
Irrevocable,REVOLVING Confirmed ,Transferable ,Active SBLC
PAYMENT MT 760 , TT MT103 ONE YEAR AND ONE DAY Must be issued
or confirmed and guaranteed by top prime world Bank
acceptable to the Seller.
SHIPMENT WITHIN 30-45 DAYS
Inspection By SGS or equivalent at port of loading at Seller’s cost.
Performance
B. 2% Performance Bond, plus full POP in 10 days after submit
SBLC
Suites 317, 33/F Shui On Centre, 6-8 Harbour Road, Wan chai, Hong Kong Phone
+852- 822-88240 Fax +852- 822-88241
Page 1 of 2
AGREEMENT PROCEDURES
1. Buyer issues ICPO with CIS , BCL / POF and a copy of the Buyer's Company Registration After
sending the price offer and the method of work to the buyer, the seller sends a copy of the contract
and an invoice to the buyer
2. Seller sends Contract Draft to the Buyer to revise , sign and stamp , and return it in WORD
FORMAT to the Seller with a Commitment Letter , stating they are ready to adhere strictly to the
procedure and conditions of the Contract .
3. Seller reviews the signed Contract , seals , and returns a copy of the signed and sealed contract in
PDF FORMAT to the Buyer . Both parties lodge the Contract copy with their respective banks .
Buyer signs the NCNDA / IMFPA and returns to Seller for final endorsement
4. . On confirmation of the receipt of the Partial POP , the Buyer must respond within ten ( 10 )
banking days to issue the Documentary Letter of Credit ( SBLC ) MT - 760 which is detailed and
mutually agreed in the signed Contract . Incase of delay in supply or payments hereunder
atrespasser pays to the other party from thr date of signing the present contract a forfiet in the
amount of 5% of the total of the monthly quantity . wire transfer as a Security Guarantee Deposit
for the product loading and delivery to proceed .
5. The credit is disbursed 15 days after the arrival of the steam and the inspection of the goods
MYRIAD STARS LTD.
Mahmoud Mohawish
CEO
Suites 317, 33/F Shui On Centre, 6-8 Harbour Road, Wan chai, Hong Kong Phone
+852- 822-88240 Fax +852- 822-88241
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