Date February 16, 2024
ICPO No. Execorp 021624-884
To: CRUTCHER CAREY WILLIAM
Chairman
TRANSGULF ENERGY SERVICES LLC
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)
We undersigned, EXECORP PHILIPPINES BUSINESS CONSULTING GROUP INC. a
business and management consultancy firm duly organized and existing under and by virtue
of the laws of the Republic of the Philippines that on behalf of our business partner with full
legal and corporate responsibility, and under penalty of perjury, that we are Ready, Willing and
Able (RWA) to enter into a contract agreement for the purchase of the product as specified
below under the below stated terms. In addition, we hereby confirm that the required funding
for consummating this agreement is available for your verification.
TERMS AND CONDITIONS
Commodity : DIESEL EN590 10PPM
Origin : NON-RUSSIAN, NON-SANCTION COUNTRIES, KAZAKHSTAN
TRIAL SHIPMENT: 25,000 MT, WITH POSSIBLE ROLLOVER AND EXTENSION
Quantity :
OF 50,000MT X 12 MONTHS
Price : GROSS USD $485.00 MT NET: USD $ 475.00 MT
Trading Mode : CIF BASIS- YANGON, THILAWA PORT, MYANMAR
Payment DLC / SBLC CONFRIMED BY TOP 25 PRIME BANK IN FAVOR OF
:
Guarantee SELLER’S FIDUCIARY BANK
Payment : CIF MT103/ TT AFTER RECEIVING DIP TEST BY SGS.
RAS LAFFAN / MESAIEED / JURONG / AKTAU / BLACK SEA / ROTTERDAM &
Loading Port :
HOUSTON PORTS
ASTM : SPECIFICATION AS PER ASTM
Inspections : BY DIP TEST AND/OR EQUIVALENT AT THE LOADING PORT
TO BE CONFIRM AFTER SIGNING OF SALE AND PURCHASE
Delivery Time :
AGREEMENT
PBG : 2% BY SELLER
L10-1 One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig City, 1634
info@execorpphilippines.com (63) 32242099 www.execorpphilippines.com
TRANSACTION PROCEDURE ON CIF
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.
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 at own 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.
L10-1 One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig City, 1634
info@execorpphilippines.com (63) 32242099 www.execorpphilippines.com
BANKING DETAILS
BANK DETAILS
BANK NAME: EAST WEST BANKING CORPORATION
BANK ADDRESS: The Beaufort, 5th Avenue corner 23rd Street, Bonifacio Global City,
Taguig 1634 Philippines
ACCOUNT NO.: 200057193769
BANK SWIFT CODE: EWBCPHMM
BANK IBAN: EWBCPHMM
ACCOUNT NAME: EXECORP PHILIPPINES BUSINESS CONSULTING GROUP INC.
ACCOUNT ADDRESS: 367 J. P. Rizal St, Sta. Elena, City of Marikina, Metro Manila, Philippines
BANK TELEPHONE: (632) 8645 - 2890
We are issuing this IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) on behalf
of our business partner, expressing our interest in purchasing DIESEL EN590 10PPM from
your company. Our business partner is a reputable business in the industry and needs a
reliable supplier of DIESEL EN590 10PPM to use for their operations.
In compliance to the procedures presented above, we respectfully present this request
for your consideration, expecting to receive your Draft Contract / Sales & Purchase Agreement
within the period agreed.
This ICPO is valid for (30) international banking days.
Yours Sincerely,
VIRGELITO GUTIERREZ
CEO
L10-1 One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig City, 1634
info@execorpphilippines.com (63) 32242099 www.execorpphilippines.com
PASSPORT
L10-1 One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig City, 1634
info@execorpphilippines.com (63) 32242099 www.execorpphilippines.com
COMPANY REGISTRATION
L10-1 One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig City, 1634
info@execorpphilippines.com (63) 32242099 www.execorpphilippines.com
