Petroleum Oils Supply: DIESEL EN590 10PPM, 50PPM, 500PPM: EURO 5 OR EURO 4

SOFT CORPORATE OFFER (SCO)

Gngroup Supplies Sdn. Bhd. in collaboration with our refinery, manufactory, factory, supplier or seller, with full legal responsibility, hereby issue this Soft corporate Offer with given terms and conditions as stated in this offer to confirm our readiness to execute a sales and purchase agreement with the ability to supply the following commodity according to the terms and conditions stipulated in this soft corporate offer.

USE OF EN590 DIESEL FUEL?
Vehicles: Buses, Trucks, Cars, Agricultural Machinery: Tractors, Loaders, Diesel Generators and Power Plants Water Transport: Yachts, Boats, Jet Skis, Construction and Special Equipment: Excavators, Bulldozers, Dump Trucks, Etc.

DETAILS:
Commodity: Diesel EN590 Euro 4, Euro 5
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 30,000 MT
Maximum Order: 800,000 MT
Commission: USD$ 10.00 Per MT
Shipment Guaranteed: 2% PB (Performance Bond)

BUYER’S COMMITMENT:
a) CIS (Customer Sheet Information)
b) ICPO + Scan Passport + Company Profile + BCL or POF

{BANKING PROCEDURES FOR CIF AWSP}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR CIF

STEP 1
GNGROUP PROVIDES TO BUYERS:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template CIS

STEP 2
BUYER PROVIDES TO GNGROUP:
a) Official ICPO, Address ICPO to: GNGROUP SUPPLIES SDN BHD, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to GNGROUP SUPPLIES SDN BHD

STEP 3
GNGROUP PROVIDES TO BUYERS:
Draft SPA (Sales Purchases Agreement) For review, completion, or any correction.

STEP 4
The buyer sends the Draft SPA (Sales Purchases Agreement) back to Gngroup via Email

STEP 5
Gngroup provides to buyer “Proforma Invoice” and Buyer sign Proforma Invoice and email back to Gngroup.

STEP 6
BANK TO BANK PROCESS:
Buyer bank within 10 days issues SWIFT MT760 via SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller. Final Payment, buyer release payment to seller bank after inspection at port / the coordinate point ship to ship, 100% payable for each shipment within 2 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.

STEP 7
Seller issue Full POP and Shipping Documents, 2% PB Including:
a) Copy of Commercial Invoice.
b) Copy of Approval to License certificate.
c) Copy of Statement of Availability of the Product.
d) Copy of the Refinery Commitment to Produce the Product.
e) Copy of the Transnet Contract to Transport the Product to the Port.
f) Copy of the Port Storage Agreement.
g) Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
h) Dip test Authorization, Tank receipt and SGS report.
i) Copy of Vessel Questionnaire 88
j) Copy of Bill of Lading.
k) Certificate of Origin.
l) Allocation Transaction Passport Code Certificate [ATPCC]
m) The customs formalities, and test report to buyer/Bank.

STEP 8
The seller loads and inspects the product on board the vessel, delivering it to an agreed safe port. Upon arrival at the delivery port, the buyer conducts their own inspection to verify the quantity and quality of the product.

Subsequently, at the destination port, an inspection of the goods is carried out, and the buyer releases payment to the seller's bank within 2 banking days after inspection. This payment is 100% payable for each shipment once the cargo passes SGS and upon receipt of all necessary payment documents.

STEP 9
Product is transferred to buyer’s vessel / tank with All Shipping Documentation and Title is transferred to buyer.

STEP 10
Seller pays commissions to both the Seller Side and Buyer Side as follows:
a) 50% goes to the Seller Side (50% allocated to the Seller Side)
b) 50% goes to the Buyer Side (50% shared between the Buyer Mandate and Intermediaries)

The commission agreement will be incorporated into an Irrevocable Master Fee Protection Agreement (IMFPA), which must be signed by both the buyer and seller parties before issuing the Sales and Purchase Agreement (SPA).

STEP 11
The buyer's bank issues an SBLC or BG for a 12-month valid period for the upcoming shipment. GNGROUP provides a 2% PB to the buyer's bank to cover one month's shipment, held throughout the contract and debited during the final shipment. The seller delivers the product to the buyer's port according to the contract schedule, providing the DTA/ATV/Fresh SGS, maintaining this process until the completion of the 12-month shipment.

[BANKING PROCEDURES FOR FOB BASIS]
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS
MODE OF PAYMENTS: SWIFT MT760 VIA SBLC FOR FOB

STEP 1
Gngroup provides to buyers:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template BCL Format
d) CIS Format

STEP 2
Buyer provides to Gngroup:
a) Official ICPO, Address ICPO to: Gngroup Supplies Sdn Bhd, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to Gngroup Supplies Sdn Bhd

STEP 3
GNGROUP Issues Draft SPA (Sales Purchases Agreement) and Proforma Invoice for Buyer to sign and return to Seller.

STEP 4
BANK TO BANK PROCESS:
Buyer bank within 10 days issue SWIFT MT760 VIA SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller.

STEP 5
Upon confirming the SBLC through a bank-to-bank procedure within 7 to 14 days, the seller will bear the cost of renting tanks, fill them with fuel, and subsequently furnish the buyer with the required documentation.

a. Unconditional DTA
b. Authorization to Verify (ATV)
c. TSR
d. Fresh SGS (less than 48 hours old)
e. Commitment to Supply
f. Certificate of Origin
g. Q & Q done by indigenous lab at port of Origin.
h. Authorization to Sell (ATS)
i. License Certificate
j. Statement of availability of product

STEP 6
The buyer conducts a Dip Test on the fuel stored in the secured tanks using SGS equivalent methods. Payment of 100% is made by the buyer once the Dip Test is successful and approved by SGS.

STEP 7
Seller issues Title Documents to buyer and seller allows buyer to take over the hired tanks storage.

STEP 8
Seller pays Commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side: (50% Closed to Seller Side)
B. 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
C. The agreed commission will be included within an Irrevocable

Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).

STEP 9
For monthly Buyer’s bank will issue New SBLC or BG expansion for 12 Months for subsequent shipping and GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products. Sellers move the fuel to Terminal Port (Seller Port) and inject fuel into the hired tank and issue DTA/ATV/ Fresh SGS/TSR with (GPS), PIR/Q88/BL to buyer and buyer Dip Test and pay via MT103/T/T this will continue till the 12 months delivery is completed.

About Fuel Diesel EN590 Euro 5