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Request for Quotation for purchasing LPG

Request for Quotation

Date: 23 Dec 2025

Ref. No: HCO/RFQ/2025/006-LPG

From: Nghi Son Refinery and Petrochemical LLC

Address.: Nghi son Economic zone, Hai Binh ward, Thanh Hoa province, Vietnam.

Subject: Request for Quotation – NSRP’s Purchase of LPG for January to March 2026

Dear Sirs and Madams,

Nghi Son Refinery and Petrochemical LLC (NSRP) is pleased to invite you to participate in the tender for the purchase of LPG for 1Q2026. We kindly request you to submit your best offer in writing to our designated tender email address. Please ensure that all information related to this tender is treated as strictly private and confidential. Details as below table:

Items	Details
Seller:	Please provide your full legal company name
Buyer:	NGHI SON REFINERY AND PETROCHEMICAL LLC (NSRP)
Product	LPG
Quality:	The product must meet the guaranteed specifications as outlined in Appendix 1
Quantity & Tolerance:	Jan to Mar 2026: 1,700 to 3,400 MT ± 5%/month
Cargo Size	Min 1,500 MT
Nominated vessel	The supplier must nominate vessel(s) for product delivery according to the proposed lifting plan and provide the English versions of the Q88 and SIRE report, in line with the Buyer’s vetting procedure. Vessel size: up to 2,999 DWT.
Delivery Terms:	CFR/CIF
Delivery window:	Buyer shall inform the delivery schedule of relevant unloading month (includes the 03 days unloading lay-can of each shipment, quantity of each shipment) no later than 25 days prior to the unloading month
Pricing:	CP Saudi Aramco Contract Price + Premium (USD/MT) In which: – CP (Saudi Aramco Contract Price) = 50% of price of Butane + 50% of price of Propane – Price of butane and propane in USD means the average of monthly quotations for Saudi Aramco Contract Price for propane and butane published by Saudi Aramco for the Loading month.
Payment terms:	Payment will be made in USD via telegraphic transfer, within 30 to 120 days from the Bill of Lading (B/L) date (B/L date as Day Zero). Supplier to specify the payment term within the stipulated range.
Credit	Open Credit
Laytime	60 hrs SHINC at Discharge Port
Discharge port:	NSRP Port, Thanh Hoa, Vietnam
Certificate of Origin	To be provided upon Buyer’s request
Invoicing Quantity:	Bill of Loading Quantity at Load Port
Inspection:	To be mutual agreement and 100% inspection fee at Loading and Discharging Port at Seller Account
Law and Arbitration:	English law, arbitration in Singapore administered by the Singapore International Arbitration Centre (SIAC) in accordance with the Arbitration Rules of SIAC.
Business partner form	Please include the following documents with your offer: · Appendix 2 & 3: Business Partner Forms (required under NSRP’s AML/CFT compliance program) · Appendix 4: Additional due diligence documents (if applicable)

Special Guidance to Bidders

Submission Method:

Please directly provide us with your firm offer exactly based on the above conditions by submitting offers to the following email addresses:

No.	Mail address	Mail content
1	boxoffer@nsrp.com.vn	To receive Offer submission
2	boxpw@nsrp.com.vn	To receive Password submission

Note:

Email subject must begin with: “LPG Offer Submission”
Your offer must include an authorized signature and company stamp.
Deadline & Validity:

Please provide your firm offer before 23:59 (Vietnam Time), Dec 29^th 2025, with the validity till Jan 31^st, 2025, Hanoi Time. Late submissions will not be considered. We would like to ask our sellers to follow the schedule mentioned above. The buyer has the right not to consider offers that do not meet the conditions set above.

Reservation of Rights:

Please note that we reserve the right to cancel this tender if the price and / or other terms do not meet our target, or if the counterparty cannot pass the supplying capacity check at the discretion of the buyer. Thank you for your interest in this tender. We look forward to receiving your offer.

Appendix 1: LPG Specifications

No	*Property*	*Unit*	*Specification*	*Test Method*
1	Vapor pressure at 37.8 ^oC (max)	kPa (G)	≤ 1026	TCVN 8356 (ASTM D1267)
2	Residue on evaporation of 100mL (max)	mL	≤ 0.05	TCVN 3165 (ASTM D2158)
3	Copper strip corrosion	–	Class 1	TCVN 8359 (ASTM D1838)
4	Total Sulfur content (max)	mg/kg	≤ 140	ASTM D6667
5	Butadiene Content (max)	%vol	≤ 0.01	TCVN 8360 (ASTM D2163)
6	Pentane and Heavier (max)	%vol	≤ 0.95	TCVN 8360 (ASTM D2163)
7	Olefin Content (max)	%vol	≤1.0	TCVN 8360 (ASTM D2163)
8	Composition – C2 and lighter (max)	%vol	≤1.0	TCVN 8360 (ASTM D2163)
	– C3 (min)		≥ 45
	– C4 (max)		≤ 55
9	95% Evaporated temperature (max)	^oC	Report	TCVN 8358 (ASTM D1837)
10	Free water	–	Nil	EN15469
11	Density at 15oC	kg/L	Report	TCVN 8357 (ASTM D1657)

APPENDIX 2a – Business Partner Due Diligence Q&A

To be completed by entity Business Partners.

Please check the appropriate box: Supplier/Seller ☐ Customer ☐ Employee ☐

Identification Information (applicable to corporate Business Partner)
Name of the Business Partner
Corporate form
Business registration No.
Industry
Location of the head office
Name of owner(s)
Name of subsidiaries (if any)
Location of subsidiaries
Name of bank intended to use for the transaction
Location of bank
Preferable currency to pay/ to be paid
Relationship with politically exposed person (e.g. PEP is Business Partner’s beneficial owner, shareholder, the management, employees, relatives of these people.)
Relationship with Private Banking services?
Relationship with Money Services Business (MSB) which are not authorized by competent authorities
Identification Information of the legal representative
Name of the representative
Date of birth
Nationality
Occupation
Identification No.
Date of issue		Issued by
Permanent address
Current address

We hereby guarantee that the above information is true and accurate and shall take all responsibilities in case of any misrepresentation.

Date: __________________

For and on behalf of <Name of the Business Partner>

Signature: ______________

Name: _________________

Title: __________________

APPENDIX 3a – Representation and Warranty Form

To be signed by entity Business Partner.

The undersigned, acting as the legal representative or authorized representative of <Name of the Business Partner> (“Company“), hereby:

Represents that neither the Company, any person controlling or controlled by the Company, any person having a beneficial interest in the Company, nor any person for whom the Company acts as agent or nominee in connection herewith:
is an individual or entity, country or territory that is named on any list of sanctioned persons issued by the United Nations Security Council or its committees, the Council of the European Union, the World Bank Group, the Vietnamese government or any other lists of sanction persons in connection with money laundering or terrorism or the financing of terrorism; or
conducts any crimes relating to money laundering, financing of terrorism or any other crimes in any jurisdiction.
Agrees to abide by and comply with all applicable laws, regulations and international best practices on anti-money laundering and combatting of terrorism financing.

Date: __________________

For and on behalf of <Name of the Business Partner>

(Sign & seal below)

_______________________

Name: _________________

Title: __________________