FORMAL PROCUREMENT INQUIRY

Reference: 2026 Strategic Fuel Resilience Program

Primary Hubs: Houston (PADD 3), Rotterdam (ARA), Fujairah, Singapore

1. SCOPE OF REQUIREMENT 

As the Lead Strategic Sourcing for our clients, this formal inquiry is for a multi-product term offtake. This requirement supports a 2026 strategic supply program focused on high-volume terminal-to-terminal efficiency.

2. OPERATIONAL SCOPE & VOLUMES

Product                Trial Lift (Initial)     Monthly Term       Delivery Mechanism

Jet FuelA1            2,000,000 BBL         5,000,000 BBL        FOB Vopak / TTT / VTT 

EN590 10ppm      200,000 MT              400,000 MT            FOB Vopak Terminal

Fuel Oil D6          4,000,000 BBL         12,000,000 BBL      FOB Vopak / TTT / TTV

LNG                     200,000 MT             500,000 MT             FOB / CIF / VTT 

Delivery Hubs: Vopak Terminal Houston, Rotterdam, Fujairah, or Singapore.

3. COMMERCIAL STRUCTURE

· Transaction Basis: Execution via Master Sales and Purchase Agreement (MSPA) governing a 12-month term, initiated by a primary Trial Lift.

· Pricing Index: FOB Vopak basis, pegged to the Mean of Platts (MoP) for the respective product at the port of loading.

· Financial Settlement: Transferable Title via Irrevocable Documentary Letter of Credit (DLC) issued by a Top 25 Global Prime Bank (Swift MT700). Final settlement via MT103 (Dip & Pay) following independent Q&Q verification.

· Inspection: Quality and Quantity verified at the loading port by a mutually agreed independent surveyor (SGS, Saybolt, or Inspectorate).

· Risk Transfer: FOB basis; Risk and Title transfer at the load port manifold (VTT/TTT).

4. EXECUTION SCHEDULE

· Compliance Protocol: Immediate submission of the Buyer’s Corporate Profile and KYC package via secure data room to initiate internal vetting and sanctions screening.

· Confidentiality: Due to the nature of the Prime Contractor's operations, full disclosure of the Principal and UBO registry will be conducted during the Execution Phase between legal counsels to ensure principal-to-principal transparency.

· Timeline: Target to finalize the MSPA within 10 business days post-acceptance of this inquiry.

· Fast-Track Provision: Subject to accelerated KYC clearance and banking confirmation within 7 business days, we target a 21-day loading cycle for the initial Trial Lift.

5. REPLENISHMENT & EXTENSION (R&E)

· Replenishment: Buyer maintains the option to replenish monthly shortfalls within the active contract year.

· Extension: Buyer holds an exclusive option to extend the term for an additional 12-month cycle, with negotiations to commence in Month 10 of the active contract.