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    LOI Triple HHH LLC 23 November 2019 EN590 100K MT 01

    Uploaded by

    Henny Tandika
    PT. ATMA GEMILANG ABADI expresses interest in purchasing 100,000 MT per month of ultra low sulfur diesel fuel from Russia for 12 months at a price of $420 per MT, to be shipped to international ports in Singapore or Taiwan. The letter provides specifications for the fuel and outlines a 17-step procedure for the transaction, including issuing a corporate offer, purchase order, sales agreement, letters of credit, product proof, inspection, payment, and cargo transfer. PT. ATMA requests that TRIPLE HHH International LLC submit a full corporate offer to begin negotiations.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    LOI Triple HHH LLC 23 November 2019 EN590 100K MT 01

    Uploaded by

    Henny Tandika
    366 views2 pages
    PT. ATMA GEMILANG ABADI expresses interest in purchasing 100,000 MT per month of ultra low sulfur diesel fuel from Russia for 12 months at a price of $420 per MT, to be shipped to international ports in Singapore or Taiwan. The letter provides specifications for the fuel and outlines a 17-step procedure for the transaction, including issuing a corporate offer, purchase order, sales agreement, letters of credit, product proof, inspection, payment, and cargo transfer. PT. ATMA requests that TRIPLE HHH International LLC submit a full corporate offer to begin negotiations.

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    Letter of Intent

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    PT. ATMA GEMILANG ABADI expresses interest in purchasing 100,000 MT per month of ultra low sulfur diesel fuel from Russia for 12 months at a price of $420 per MT, to be shipped to international ports in Singapore or Taiwan. The letter provides specifications for the fuel and outlines a 17-step procedure for the transaction, including issuing a corporate offer, purchase order, sales agreement, letters of credit, product proof, inspection, payment, and cargo transfer. PT. ATMA requests that TRIPLE HHH International LLC submit a full corporate offer to begin negotiations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    366 views2 pages

    LOI Triple HHH LLC 23 November 2019 EN590 100K MT 01

    Uploaded by

    Henny Tandika
    PT. ATMA GEMILANG ABADI expresses interest in purchasing 100,000 MT per month of ultra low sulfur diesel fuel from Russia for 12 months at a price of $420 per MT, to be shipped to international ports in Singapore or Taiwan. The letter provides specifications for the fuel and outlines a 17-step procedure for the transaction, including issuing a corporate offer, purchase order, sales agreement, letters of credit, product proof, inspection, payment, and cargo transfer. PT. ATMA requests that TRIPLE HHH International LLC submit a full corporate offer to begin negotiations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    PT.

    ATMA GEMILANG ABADI


    Address : Pramuka Raya Kav. 150 IS Plaza Building 5th Floor #R504
    East Jakarta - Indonesia

    To:
    TRIPLE HHH International LLC
    attn. Mr. Redha Matrook CEO

    Date : 23 November 2019


    LOI Reference No: AGA-LOI/EN590/001/2019

    LETTER OF INTENT

    We, PT. ATMA GEMILANG ABADI an Indonesian established company hereby state and represent that it is our intention to purchase, and we hereby confirm
    that we are ready, willing and able to purchase the following commodity as per specification and in the quantity and for the price as per specified in the terms
    and conditions as stated below.
    Commodity : ULTRA LOW SULPHUR DIESEL 10 PPM ( EN590 )
    Origin : Russia – Vladisvostok Seaport
    Specification :

    Results
    Parameters Unit
    Min Max
    Visual Look / Appearance Clear and Bright
    Density @ 15oC Kg/M3 820.0 845.0
    Cetane Number 51.0 -
    Cetane Index 48.0 -
    O
    Flash Point C 60 -
    PPM 10.0
    Total Sulphur -
    % 0.001
    Ash Content % (M/M) - 0.01
    Water Content MG/Kg - 200
    Total Contamination MG/Kg - 24
    Polycyclic Aromatic Hydrocarbons % (M/M) - 8.0
    Lubricity MM - 460
    CCR on 10% Residues % MM - 0.20
    o
    Copper Corrosion (3H at 50 C) Rating Class I
    FAME Content % (v/v) - 7.0
    3
    Oxidation Stability G/M - 25
    Viscosity @ 40oC MM2/S 2.00 4.50
    o
    C.F.P.P 16 March – 14 November C - -15
    o
    C.F.P.P 15 November – 15 March C - -5
    O
    Cloud Point 16 March – 14 November C - -5
    o
    Cloud Point 15 November – 15 March C - +3
    Distillation
    Recovered at 200oC % (v/v) - <65
    o
    Recovered at 350 C & (v/v) 85 -
    o
    95% Point Recovered C - 360

    Quantity : 100,000 MT per month


    Destination : International Seaports ( Singapore / Taiwan )
    Contract Length : 12 months
    Target Price : USD 420 per MT CIF Fixed Price
    Payment term : 100% Irrevocable Non Transferable Documentary Letter of Credit 60 days
    Inspection quality, quantity, weight & photo by SGS at seller's cost at port of loading.

    Negotiation Documents for payment :


    1. Commecial Invoice
    2. Bill of Lading
    3. Certificate of Quantity and Quality issued by SGS at discharging port
    4. Certificate of Origin
    5. Captain's Cargo Release Letter
    Procedure of Transaction :
    1. Seller issues Full Corporate Offer to Buyer
    2. Buyer replies with Irrevocable Confirmed Purchase Order
    3. Upon receiving Buyer's ICPO, Seller issues draft sales and purchase agreement to Buyer. Both parties countersigns and exchanges the soft copies by
    electronic mail. Electronic signatures are deemed as valid and binding.
    4. Seller's bank shall initiate communication in regards of the 2% Performance Bond to Buyer's Bank by bank-to-bank email communication
    5. Upon receiving the communication, Buyer's Bank shall confirms the draft of the DLC to Seller's Bank which such email copies shall be made available to
    both parties
    6. Seller's Bank issues MT999 by swift to Buyer's Bank as notification of the 2% Performance Bond shall be operative upon receiving Buyer's DLC
    7. Buyer issues the Operative Non Transferable Documentary Letter of Credit to Seller's Bank
    8. Upon receiving Buyer's DLC, Seller shall issues the operative 2% Performance Bond
    9. After both bank instruments are active and operative, within 10 – 15 days Seller shall submits Full Proof of Product to Buyer
    10. Buyer shall appoints their surveyor on standby at the discharging port where Buyer's Shipping agent shall start the communication to the captain of the
    vessel to get the ETA of the Vessel
    11. After the vessel arrives in the destination port, Buyer shall submit surveyor passport copies and obtain the Authorization to Board the vessel from the
    Seller which is acknowledged by the captain of the vessel
    12. Surveyor conducts the sampling and measurement on the cargo and release the Q&Q certificate to Buyer. Two to Three Security Personnel shall remains
    on the vessel to safeguard the cargo until the Title ownership passes from the Seller to Buyer.
    13. Within 48 to 72 hours after receiving the Q&Q certificate, Buyer shall made full payment against the quantity and quality as stated inside the certificate at
    the discharging port
    14. Such payment copies shall be made available to both parties and thus activate the cargo title ownership transfer
    15. Seller issues Captain Cargo Release Letter to Buyer
    16. Transaction completed
    17. Buyer shall revolve the DLC for the next shipment and Seller shall revolve his PB for the next shipment as well

    As the shipments are intented for international needs, we will submit follow up ICPO with banking details upon receiving the FCO from Seller.
    Please submit your Full Corporate Offer

    Sincerely yours,

    Mr. Aco Asyrafiel


    Chief Executive Officer

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