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Icpo Disel Oil Ssdse TTV 8 Mei 2023 Final

PT. MAHAKARYA BUMI SENTOSA issues an irrevocable corporate purchase order to SETH SHIP DESIGN SHIPBUILDING and ENGINEERING SDN BHD for 100,000 MT of ultra-low sulfur diesel fuel with a sulfur content of 10 ppm. The fuel will be delivered via tank-to-vessel from non-Russian origin stored in Jurong, Singapore for $635 per MT with payment terms of telegraphic transfer within 1 day of quality and quantity inspection at the discharge port. The transaction follows a standard operating procedure involving proof of funds, product inspection, title transfer, and payment before injection into the buyer's vessel.

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685 views5 pages

Icpo Disel Oil Ssdse TTV 8 Mei 2023 Final

PT. MAHAKARYA BUMI SENTOSA issues an irrevocable corporate purchase order to SETH SHIP DESIGN SHIPBUILDING and ENGINEERING SDN BHD for 100,000 MT of ultra-low sulfur diesel fuel with a sulfur content of 10 ppm. The fuel will be delivered via tank-to-vessel from non-Russian origin stored in Jurong, Singapore for $635 per MT with payment terms of telegraphic transfer within 1 day of quality and quantity inspection at the discharge port. The transaction follows a standard operating procedure involving proof of funds, product inspection, title transfer, and payment before injection into the buyer's vessel.

Uploaded by

cobacobaaja941
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Surabaya, Mei 8th 2023

Reff : 070/ICPO-MBS/EN590/V/2023
Re : ICPO FOR ULTRA LOW SULPHUR DIESEL 10 PPM
To : SETH SHIP DESIGN SHIPBUILDING and ENGINEERING SDN BHD
Via : NG SWEE CHONG
Cc : Dwi yovianda

IRREVOCABLE CORPORATE PURCHASE ORDER


(ICPO)

Dear Sir We, PT. MAHAKARYA BUMI SENTOSA, hereby with full corporate
authority that we are ready, willing and able to purchase the following commodity as per the
specification, quantity, quality and price as specified in the terms and conditions stated
below. This representation is made with full and complete authorization. Hereby issue this
ICPO with full corporate responsibility certify our intention and capacity to supply the
ITEMS DESCRIPTIONS
PRODUCT ULTRA LOW SULFUR DIESEL EN590 10PPM
ORIGIN NON RUSSIA
DELIVERY TERMS TANK TO VESSEL
QUANTITY 100.000 MT Spot Deal (option contract 12 Month)
PRICE United States $635 per MT Gross (will nego after first shipment)
T/T via MT-103 after Q&Q Inspection at Designated
Payment Term
Discharge Port within 1 day service
SPECIFICATION Appendix 2
DATE OF ISSUE & EXP DATE 3 Days
commodities according to the terms and conditions:

Sincerely Yours,
PT MAHAKARYA BUMI SENTOSA

Mr. Arie Rizky Fanthony


President Director
NON-NEGOTIABLE TTV ( TANK TO VESSEL) STANDARD OPERATING
PROCEDURE

1.Buyer Issues ICPO , And Company Registration Certificate and Data Page of Buyer's valid Identity
card

2.Seller Issues Draft NCNDA/IMFPA & Commercial Invoice (CI) For the Available Quantity in storage
tank in Jurong Singapore Port along with the allocation of where the product is stored, Following
Documents after Receipt of the Signed CI.
(A). Copy of Company Registration Certificate
(B). Export License
(C). Copy of Statement of Product Availability in the Tank Storage in Jurong Terminal.
(D). Product Passport
(E). Commitment to Supply
(F). Certificate of Origin
(G). Tank Storage Receipt (TSR)
(H). Latest SGS and Injection Report
(I). Latest Pass Permit to Jurong Port under seller's company name
(J). Payment Invoice

3. Upon confirmation of the above documents, buyer issue a Official Invitation Letter to Seller for
Table Talk Meeting at Designated Public Notary in Johor Bahru for Open Amendment.

4. During TTM , upon confirmation of Proof Of Funds (POF) of Total Product Value from Buyer, Seller
gives to the Buyer the Following Documents before Buyer's SGS team conducting Dip Test :
(a). Three Days (3) Unconditional Dip Test Authorization ( DTA )
(b). Fresh SGS Report Inspected in Tank in Jurong Storage Tanks
(c). Authorization for Physical Verification of the Product (ATV)
(d). Injection Report Shore Tank in Jurong Port
(e). Title Transfer Certificate
(f). Passport code certificate of energy distribution transaction (ATPCC)
(g). Notarized & Endorsed NCNDA/IMFPA By the Seller & Their Bank.
(h). Singapore Inspection and Quarantine (CIQ) Analysis Test Report.
(i). Copy of ship questionnaire 88
(j)Immersion test and authorization (DTB)

5. Upon Physical Verification of the Product & PPOP Confirmation, Buyer gives Dip Test
Authorization (DTA) to SGS Team To Conduct Dip Test in the Seller's Tank at Buyer's Expense and
Issue SGS Certificates and CIQ Of Q&Q In the Buyer's Name.

6. Upon Completion of Successful Dip Test and SGS Result matches Buyer's Specification, Buyer make
Full Payment for the Total Product Value by MT103/TT Wire Transfer for The Total Product Value.
During the process of full payment by buyer to seller's verbiage nominated bank account, at the
same time seller immediately transfer the title of ownership of the product to buyer alongside all
exporting documents, Buyer issue his Charter Party Agreement (CPA) with Shipping Company to
Seller for Pass Permit Endorsement

7. Buyer's Vessel after receiving Pass Permit, Enter in Jurong Terminal for Injection preparation
8. Injection & Pumping commenced

9. Based on the Notarized NCNDA/IMFPA Seller pays all intermediaries involved in the transaction
within Forty-Eight (48) Hours since receipt of Payment by Buyer and subsequently monthly shipment
continues as per terms and conditions of the Commercial Invoice and extension of transaction by
issuing 12 months' contract to buyer for proceeding.

NOTE :
A. TRANSACTION MUST BE DONE, CLEAN AND CLEAR ON THE SAME DAY
B. AFTER SUCCESSFUL TRIAL TRANSACTION, PRICE FOR THE REST ELEVEN (11) MONTHS WILL NOT
EXCEED USD $600 PER MT (NEGOTIABLE)
SPECIFICATION
COMPANY REGISTRATION

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