Letter Of Intention

[Daveon]

Dear mr.Davide Andrew,

I send you this draft of letter of intention. Because, i want to get know if this draft is good or not. so please could you take a look and tell me your comments.

(Company Letter Head)

Letter of Intention

Reference No XXXXXXXXXXXXXX Date:  XXXXXXXX

To:    XXXXXXX        XXXXXXX        XXXXXXX

Re: Purchase of 20(Twenty) Million Barrels per month of SLCO for 12 months          with rolls and extensions. Dear Excellency,

We, XXXXXXXXXX, hereby with full legal and corporate responsibility affirm and state that we are ready, willing, and able to enter into a contract for purchase of following commodity as specified below and that funding is available including import permits needed to fulfill this purchase. Commodity:    SAUDI LIGHT CRUDE OIL(SLCO) Origin:    KINGDOM OF SAUDI ARABIA Quantity:   20 million barrels per month over an initial 12 months Period with options of extension & rollovers, possible increase of Volume based on allocations. Price:      Average - Dubai & Oman Platt’s Prices Discount:    Gross $6 and Net $3      

Delivery:    Delivery will be based on FOB Saudi Port Schedule:    Minimum 20 million bbl monthly until contracted quantity has been delivered Delivery Guarantee: The delivery of the Product is guaranteed by ARAMCO(FOB) Procedure: As per ARAMCO procedures. Refinery Information:

Name of the refinery that is registered:

Refinery capacity:

Storage capacity:

Banking information:

Registration number of Refinery:

Attached are copy of the charter party for the vessels

Inspection: Society General de Surveillance(SGS) or equivalent surveillance Company Certificates, at Sellers Option, verifying timely delivery, Specifications, FOB Delivered quantities as per Agreement. The inspection costs to be paid by Seller. Tests(IP) for quality shall be made according to the latest standard method(ASTM). Payment: The payment for each cargo shall be effected by means of an Irrevocable, Revolving, Confirmed, Documentary Letter of Credit(L/C) to the value of one month’s shipments. Value confirmed by Top 25 World Prime Bank and Revolving for entire Contract Period. Buyer Signature and Seal Attachments:

Annex: A - Saudi Light Crude Oil Specification.

SAUDI LIGHT CRUDE OIL SPECIFICATION    

API GRAVITY:                      33.34 SEDIMENT CONTENT:                   0.1 ASTM STABILISED GRAVITY:                34.5 WAX – WT PERCENT:                   2.9 VANADIUM ppm V200:                   11.0 GROSS HEATING VALUE:                19.23 REID VAPOUR PRESSURE:                2.0 SALT CONTENT, PPM NaCl:                3.8 SULPHUR, WT PERCENT:                1.5 MAX ASH, PPM:                         100.0 COMP. CARBON RESIDUE, WT PERCENT:          3.1 VISCOSITY, CP:                      55.0 POUR POINT:                      35.0  

[Byrtel]

Dear Abdullah

Again..intermediaries cannot deal in PRIMARY contracts- Only secondary contracts- you cannot reveal or give refinery details- you will get circumvented-

You can only make an offer to procure as a BUYER- the make an offer to sell as a SELLER- That's the business of a professional intermediary-

You must always secure goods first - never money first-

LOI is not good-

The procedure are from supplier to you

(1) Quote(2) Offer

(3) Contract

(4) DLC

(5) PG

(6) Delivery

At number(1) ABOVE ONCE YOU GET A QUOTE FROM A  Supplier in possession of goods , you are allowed to seek a end buyer -

By the time you get to Contract signing stage with the supplier as per(3) above  - you should have gotten the end buyers DLC in your account-

With the end buyer to your as SELLER

(1) Quote

(2) Offer

(3) Contract

(4) Pre advised DLC deposited/accepted

(5) PPI(Proof of policy document-proof of goods)

DLC Becomes fully active

(6) PG - lesser value to what you obtained form supplier or No P.G is offered even though you still get P>G from Supplier

(7) Delivery THE BUSINESS OF THE SELLER/BUYER HAS NOTHING TO DO WITH THE END BUYER AND SUPPLIER-AND IS NE4VER EVER REVEALED-

TOW DEALS ARE IN PLAY BOTH LEADING TO THE MIDDLE CONTROLLING INTERMEDIARY- 2 QUOTES, TWO OFFERS, TWO CONTRACTS...ALL ARE INDEPENDENT - ALL LEAD TO CONTROLLING MIDDLE BUYER/SELLER-

NO MATTE RIF 100 INTERMEDIARIES ARE INVOLVED EVERYONE STEPS BACK TO THE MIDDLE INTERMEDIARY - THE 'CONTROLLING BUYER/SELLER" THESE IS NO OTHER WAY TO CLOSE SUCH DEALS WITHOUT BEING CIRCUMEVENTED-

Loi/Icpo/Ncnd/ Mpa/ Aswp/Pop/ Bcl/MT 100/ swift/ and other stupid terms are useless to the intermediary- everyone is copying everybody else on the net without understanding that such terms cannot be used by pr intermediaries and are terms use ONLY sometimes and ONLY in part by an end buyer doing business with a supplier directly-

99.9 % OF INTERMEDIAIRES ON THE NET ARE COPYING EACH OTHER AND WILL NEVER CLOSE A DEAL OR SEE A CENT IN COMMISSION BECUASE THEY ARE INDEED USING SUCH UNWORKABLE METHODS-

Go to my website  www.ftnexporting.com and read about such matters

Then go to www.FTNX.9f.com website as see how quotes and offers are made-

IF YOU DO NOT WANT TO HOLD THE POSITION OF SELLER/BUYER AND WANT TO ONLY REMAIN A "SOURCING INTERMEDIARY" , THEN YOU MUST FIND ONE TRUSTED BUYER/SELLER WHO KNOWS PROCEDURES AND WHO WILL LOOK AFTER YOUR INTERESTS- ALAS THERE ARE VERY FEW TRAINED INTERMEDIARIES  ON THE NET- WHO HOLD SUCH A POSITION-

REGARDS

DAVIDE PAPA

WWW.FTNX.9F.COM