Ref No.: API/9384/SCO/DAT.

24 DATE: January 6, 2025

VALID TILL: April 31, 2025
TO: End Buyer & Buyer Mandates
SOFT CORPORATE OFFER (SCO)
We, SPARROW PETROLEUM CORP., a responsible Oil and Gas Company, are capable of
selling the following products with terms and procedures:

PRODUCT ORIGIN: KAZAKSTAN, EUROPEAN UNION- DENMARK ORIGIN,

NORWAY, NETHERLAND AND SWEDEN ORIGIN
LOADING PORT: ROTTERDAM/HOUSTON/FUJAIRAH/KAZAKSTAN
INSPECTION: SGS or similar any universally accepted Q&Q inspection
company
METHOD OF PAYMENT: MT103, TT WIRE, SBLC, DLC upon product arrival
DELIVERY: CIF & FOB ANY SAFE WORLD PORT
PERFORMANCE BOND: NEGOTIABLE

PRODUCT MIN. QTY / MAX. QTY / FOB MT/BBLS/GAL CIF

MT/BBLS/GAL MT/BBLS/G PRICE MT/BBLS/GAL
AL
PRICE

LIGHT CYCLE OIL (LCO) 10,000 MT 500,000 MT $400 Gross/ $390 Net $410Gross/ $400
GOST 56871-2023 Net

10,000 MT 500,000 MT $550 Gross/ $540 Net $570 Gross/ $560

DIESEL EN590, (10PPM) Net

GAS OIL D2 20,000 MT 400,000 MT $480 Gross/$470 Net $490 Gross/$480

Net

VIRGIN FUEL OIL D6 1,000,000 GAL 200,000,000 $0.90 Gross/$0.86 Net $0.95 Gross/$0.80
GAL Net

AVIATION KEROSENE 100,000 BBLS 10,000,000 $80 Gross/$76 Net $84 Gross /$80 Net
GRADE 54 JET FUEL A1 BBLS
GOST 10227-
86/AVIATION TURBINE
(JPA1)

LPG – LIQUEFIED 10,000 MT 500,000 MT $390 Gross/$380 Net $400 Gross/$390

PETROLEUM GAS GOST Net
20448-90
LNG – Liquefied 10,000 MT 400,000 $425 Gross/$415 $445
NATURAL GAS GOST MT Net Gross/$435 Net
5542-87

MAZUT M100 GOST- 10,000 MT 500,000 $320 Gross/$310 $340

10585-99 MT Net Gross/$330 Net

CRUDE OIL REBCO 100,000 BBLS 10,000,000 $56 Gross/$52 Net $58 Gross /$54
GOST 51858- 2023 BBLS Net

EAST SIBERIAN 100,000 BBLS 10,000,000 $60 Gross/$66 Net $64 Gross /$60
PACIFIC BASIN BBLS Net
CRUDE OIL (ESPO)

PETROLEUM COKE 10,000 MT 500,000 $400 Gross/$390 $420

MT Net Gross/$410 Net

GRANULAR UREA 10,000 MT 500,000 $250 Gross/$240 $260

46% MT Net Gross/$250 Net

FOB: TANK TO TANK PROCEDURE (DIP AND PAY)

NON-NEGOTIABLE
FUEL ON-BOARD ROTTERDAM/HOUSTON

1. The buyer submits an Irrevocable Corporate Purchase Order (ICPO), inclusive of the
seller's operational procedures and banking particulars, alongside the buyer's
designated Tank Storage Agreement (TSA) and company registration certificate.
2. The seller issues a commercial invoice for the product stored in tanks at the port.
Upon receipt, the buyer acknowledges by signing and returning the commercial
invoice along with an acceptance letter.
3. The seller provides an appointment letter to the seller representative for presenting
a freshly generated SGS Report within a 24-hour timeframe to both the buyer and
the buyers logistical team for meticulous verification at the buyer's Tank Terminal.
Subsequently, the buyer issues a Tank Storage Receipt (TSR) in the seller's name,
facilitating immediate injection post-successful SGS verification. The seller then
proceeds to inspect the buyer's tank for the injection process.
4. Following the buyer company's and buyer's Tank Farm Company's confirmation of
the successful SGS Report verification, the seller issues:
a. An Injection Permission Agreement, duly signed by the buyers and the
buyers' Tank Farm.
b. Authorization for sale and collection.
c. Commitment to supply.
d. Statement of product availabilities.
5. Upon confirmation of the signed Injection Permission Agreement, the seller
provides the buyers with:
a. A freshly generated SGS report, less than 24 hours old, in the buyer's
company name.
b. Quality and Quantity (Q&Q) Report, alongside the Injection Report.
c. Authorization for physical verification of the product in the seller's tank
(ATV).
d. Tank Storage Receipt (TSR).
6. The buyer conducts a Dip test on the product in the seller's tank and initiates
payment for the total product value via MT103-TT to facilitate the injection process
into their designated tanks.

FOB Tank to Tank (TTT)

1. Buyer issue ICPO with the seller terms and conditions and their TSA.
2. Upon seller satisfaction of the ICPO from the buyer, the seller issue commercial
invoice and dip test authorization agreement to be sign by buyer and their tank
storage.
3. Buyer study and signed the commercial invoice and the DTA with their storage
company within 3 working days and return back to the seller.
4. Upon the seller received the signed copy of the commercial invoice and the DTA
from the buyer, and their storage company, seller issue to the buyer the below pop
document:
a. Statement of availability
b. Commitment letter to supply
c. Notice of readiness to be sign by buyer tank farm
d. Fresh SGS report
e. Authorization to physical verify the product in refinery tank
f. Product quality passport
g. Old injection report.
h. Invitation to meet with the refinery to be sign by their storage company and
along with their storage company official to the refinery terminal for physical
meeting.
5. Upon buyer receiving the PPOP document seller request the buyer to provide tr
from their storage company with GPS coordinate.
6. Upon receiving the TR and GPS coordinate from the buyer tank farm seller issue
injection schedule.
7. Upon seller issuing the injection schedule seller shall start injection and submit to
buyer the daily injection report.
8. Upon the completion of the injection seller shall issue the remaining pop document:
a. Certificate of origin
b. Affidavit of transfer of ownership of product
c. New injection report
d. Authorization to sell and collect.
9. Upon buyer receiving the pop document buyer signed the affidavit of transfer of
ownership certificate.
10. Buyer makes 100% payment by MT103/TT wire transfer for the total
product and seller pays.

FOB: TANK TO TANK PROCEDURE (DIP AND PAY)

NON-NEGOTIABLE
FUEL ON-BOARD ROTTERDAM/HOUSTON

1. Buyer issues an Irrevocable Corporate Purchase Order (ICPO) and provides the
Company Registration Certificate or any valid identification along with the Tank
Storage Agreement (TSA) for seller verification.
2. Seller issues a Draft Commercial Invoice, which the buyer signs and returns along
with their Tank Storage Agreement.
3. Seller leases and covers the expenses for the buyer's tank for a 3-day period to
facilitate the tank-to-tank Injection Process. The buyer pays their Tank Farm
Company for 2 days once payment is received from the Seller Company. Note: If the
buyer possesses an existing Tank Storage Receipt (TSR) or can provide one after
signing the commercial invoice independently, joint payment for the buyer's tanks is
unnecessary.
4. Seller furnishes the buyer with comprehensive Proof of Product (POP) documents
including:
a. Fresh SGS Report, issued within 48 hours
b. Unconditional Dip Test Authorization
c. Injection Report
d. Storage Receipt with GPS Coordinates
e. Tank Farm Bar-code Information
f. Letter of Commitment to Supply
g. Registration Certificate & Export License Copy
h. Authority to Sell & Collect (ATSC)
i. Endorsed Injection Schedule by the buyer & buyer's Tank Farm
j. ATV for Physical Verification
k. Irrevocable Commitment to Supply for both Spot and 12-month Contract
l. Injection Schedule signed by the buyer & buyer's tank farm
5. Buyer conducts a Dip Test in the seller's tank; SGS conducts the test at the buyer's
expense. Seller injects the fuel into the buyer's tank and the buyer settles payment
based on Quality & Quantity (Q&Q) via MT103 wire transfer / TT according to the
final Commercial Invoice.
6. Seller transfers the title of ownership as per the Buyer's instructions. Buyer takes
possession of the product.
7. Seller settles all intermediary payments involved in the transaction, and
subsequently, monthly contract shipments proceed in accordance with the terms
and conditions outlined in the sales and purchase agreement contract between the
buyer and seller.

TTV
PROCEDURE (FOB) ROTTERDAM PORT, NETHERLANDS:

1. Buyer submits ICPO, CPA, on receipt of Seller Full Corporate offer.

2. Seller releases Commercial Invoice (CI), buyer sign and return back to seller along
with IMFPA/NCNDA.
3. Seller issue DTA to be endorsed by buyer and buyer’s Vessel or TTVIA (Buyer
financially responsibility to get endorsement by their logistic company on
DTA/TTVIA) without the logistic endorsement the buyer shall be blacklisted.
4. Seller within Three days upon receipt of the endorsed DTA releases the following
POP’s:
a. Tank Storage Receipt (TSR) with full info including Terminal, Barcode & GPS
b. Injection report.
c. Fresh SGS Report less than 48 hours
d. Unconditional DTA on buyer’s name
e. Authorization to verify (ATV)
f. Authorization to Sell and Collect fund (ATSC) g. Commitment to Supply. (CTS)
g. Product passport and analytical report (PP) i. Certificate of origin (COO)
h. Attestation of allocation (AOA)
i. Legalized commercial invoice.
5. Buyer verifies and confirms POP as above & orders SGS to conduct Dip Test of the
product in the seller tanks.
6. Upon successful Dip Test, Seller issues the full injection schedule to the Buyer.
7. Buyer pays total cost of the product via MT 103, against successful Dip Test at
seller’s tank, within 48 hours or buyer will be responsible for each day’s tank
extension cost.
8. Seller transfers to the Buyer TITLE OF OWNERSHIP CERTIFICATE and all other
export documents.
9. Seller pays all the intermediaries involved in the transaction
TANKER TO VESSEL (TTV)

TRANSACTION PROCEDURE: (INSPECTION-LETTER)

1.⁠ ⁠Buyer issues ICPO with CPA for seller verification international passport copy (data

page) to seller,

2.⁠ ⁠Seller issues commercial invoice (CI) for the available quantity in the seller‘s storage

reservoir to buyer, buyer signs and returns the ci to seller, and then seller returns the

signed commercial invoice & inspection letter to inspect buyer vessel before

releasing the full PPOP document with fresh 865 report,

3.⁠ ⁠Seller issues the partial pop documents as below and sends to buyer,

I. Fresh SGS (not older than 48 hours)

II. Certificate of origin
III. Authorization to verify (ATV)
IV. Unconditional DTA
V. Commitment to supply
VI. Tank storage receipt (TSR)
VII. ATSC
VIII. Injection report.

4.⁠ ⁠Buyer conducts inspection by SGS on buyer's expense,

5.⁠ ⁠Seller issues the NCNDA/IMFPA to all intermediaries involved in the transaction and

for endorsement.

6.⁠ ⁠Upon successful dip test of the product, seller commences injection to buyer's tank

or vessel, buyer makes payment of the product via MT103 and seller transfers title.
C.I.F. PROCEDURES

1. Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the

Seller Refinery along with company profile, Vessel CPA and buyer passport.

2.⁠ ⁠Seller Company issue a Draft Contract/Sales & Purchase Agreement (SPA Open for
amendments if both parties sign and seal the present contract and exchange the
copies electronically.

3.⁠ ⁠Seller Company registers and legalizes contract officially with the appropriate
authorities to facilitate the booking of allocation and securing a legitimate approval
for the Transfer of Ownership Title/Allocation of buyer's Company name at the
seller's expense.

4.⁠ ⁠Seller Company sends a copy of the notarized and insured POP documents along
with the legalized Contract to Buyer Company. The Partial POP documents to be
sent along with the legalized Contract include:

a. Certificate of origin,

b. Statement of Product Availability, c. Product Quality Passport

d. Refinery Guarantee to Supply letter.

e. Refinery Legalized Draft Contract

5.⁠ ⁠Buyer request for invoice for the chartered freight cost from buyer nominated
Shipping and Logistics company for buyer and seller equal payment of freight
logistics, to ensure logistics availability and Port authorization.

6.⁠ ⁠Seller/Buyer makes payment for the Chartered Freight Cost with the appointed
shipping company for the transportation of the product to the buyer's designated
discharge port. Note: The fee made by the seller will be included when making
payment for the total cost of the product at the discharge port after final CIQ/SGS
test at the discharge port.
 7.⁠ ⁠Seller Company releases copies of POP and Shipping documents to the buyer
Company.
a. Copy of the Charter Party Agreement to transport the product to the discharge
port.
b. Copy of Shipping Schedule Document.
c. Product Analysis Report
d. Certificate of Origin
e. Bill of Lading
f. Tank Receipt
g. Vessel QM8

h. Certificate of Product

8.⁠ ⁠Buyer's bank sands the irrevocable Documentary Letter of Credit (IRDLC) non-
operative issues buyer's back to seller's bank for the face values of the first whole
month shipment

TANKER TAKEOVER (TTO)

1. Buyer issues official ICPO

2. Seller issues MOU
3. Both parties sign MOU,
4. Upon the receipt of the countersigned MOU from the buyer, the seller emails to the
Buyer the listed documents below:
a. Certificate of Origin
b. Product Passport (Quantity and Quality Dip Test Analysis Report)
c. Bill of Lading
d. Vessel Questionnaire 88
e. E.T.A (Estimated Time of Arrival) of Vessel
f. Vessel (N.O.R) Notice of Readiness
g. Commercial invoice for the payment for the Title Certificate USD150.000

5. Buyer confirms the documents of the goods, and the payment is sent to the seller’s
fiduciary bank account. This stands as an Allocation Security & Guarantee payment
to the seller-nominated bank by T/ T Wire Transfer, which shall be deducted from
the total product payment value of the takeover product within 48 hours.
6. Upon Seller receipt of the payment, the Seller issues all the other POP Documents,
Title Certificate, ATB/ATV to enable Buyer to conduct Q&Q Inspection on the
product loaded on the vessel.
7. Upon successful Inspection, the buyer makes the payment for the product via TT
Wire or MT103 to the seller and takes over the vessel tanker.
8. Seller and Buyer Signs Contract for 12 months shipment.
9. Buyer issues their Bank Guarantee SBLC MT760 to seller’s Bank to guarantee the
monthly shipments, Seller issues a 2% Performance Bond within 3 days for the
monthly contract shipments.

TTV TANK TO VESSEL PROCEDURE 2

PROCEDURE (FOB) ROTTERDAM PORT, NETHERLANDS:

1. Buyer submits ICPO, CPA, on receipt of Seller Full Corporate offer.

2. Seller releases Commercial Invoice (CI), which the buyer signs and returns to the
seller along with IMFPA/NCNDA.
3. Seller issues DTA to be endorsed by buyer and buyer’s Vessel or TTVIA (Buyer
financially responsibility to get endorsement by their logistic company on
DTA/TTVIA without the logistic endorsement, the buyer shall be blacklisted.
4. Seller within Three days upon receipt of the endorsed DTA releases the following
POPs:
a. Tank Storage Receipt (TSR) with full info including Terminal, Barcode & GPS
b. Injection report.
c. Fresh SGS Report less than 48 hours.
d. Unconditional DTA on buyer’s name.
e. Authorization to verify (ATV)
f. Authorization to Sell and Collect fund (ATSC) g. Commitment to Supply.
(CTS)
g. Product passport and analytical report (PP)
h. Certificate of origin (COO)
i. Attestation of allocation (AOA)
j. Legalized commercial invoice.
5. Buyer verifies and confirms POP as above & orders SGS to conduct a Dip Test of the
product in the seller tanks.
6. Upon successful Dip Test, Seller issues the full injection schedule to the Buyer.
7. The buyer pays the total cost of the product via MT 103, against a successful Dip
Test at the seller’s tank, within 48 hours or the buyer will be responsible for each
day’s tank extension cost.
8. Seller transfers to the Buyer TITLE OF OWNERSHIP CERTIFICATE and all other
export documents.
9. Seller pays all the intermediaries involved in the transaction.

TRANSACTION PROCEDURE TANKER TAKEOVER (TTO)

1. The Buyer issues an official Irrevocable Corporate Purchase Order (ICPO) that includes
the Seller's terms and procedures.

2. The Seller issues a Sales and Purchase Agreement (SPA) titled "Tanker Take Over" to
confirm the quantity of the product onboard. The Buyer endorses the SPA and sends it
back to the Seller.

3. The Seller provides Proof of Product (POP) documents in their name, which may
include:

a) Analysis test report,

b) Certificate of origin,
c) Bill of lading,
d) Refinery commitment to supply,
e) Cargo manifest,
f) Vessel Q88,
g) Estimated time of arrival (ETA) of the vessel, and
h) Authority to Sell and Collect (ATSC)

4. Upon receipt of confirmation of the above documents, the Buyer's shipping agent
contacts the vessel master to verify the POP documents and vessel position.

5. The Buyer conducts due diligence on the availability of the product inside the vessel. The
Buyer makes a payment guarantee of 3% of the master invoice value to the Seller's
fiduciary account via MT103 T/T wire transfer within 48 hours to change the consignment
rights and transfer the title of ownership to the Buyer's name.

6. Upon receipt of the payment of 3%, the Seller arranges for the vessel tanker to be sent to
the Buyer's discharging port.
7. The Buyer contacts the shipping company to redirect the route of the vessel tanker to the
Buyer's destination port. Upon arrival, the Seller issues an authorization to the Buyer's
representatives and inspection team to board the vessel and conduct Quantity and Quality
(Q&Q) inspection.

8. After a successful inspection, the Buyer makes payment for the full cargo via TT
Wire or MT 103 to the Seller within 48 hours to change the consignment rights and
transfer the title of ownership to the Buyer

9. The Seller pays commission to all intermediaries involved in the transaction through a
separate Non-Circumvention, Non-Disclosure Agreement (NCNDA) or Irrevocable Master
Fee Protection Agreement (IMFPA).

Signed:
GREG POLLARD
General Director