Request for Quotation – NSRP’ SRFO Purchase

For SRFO typical specifications, please refer to Appendix 1 as expected range.

As a mandatory condition of participation, Supplier shall provide:

·        The country of origin of the SRFO;

·        The production facility, refinery or processing facility from which the product originates;

·        The loading terminal and country of loading;

·        The name of the supplying entity and all trading entities involved in the transaction chain between producer and Supplier (if any), or if commercially sensitive a representation and warranty that none of the supplying and trading entities in the transaction chain are a sanctioned entity;

·        Confirmation whether the cargo has been blended and, if so, the origin of all material components.

·        Failure to provide complete and accurate information may result in the offer being rejected without further evaluation.

• Neither Supplier, its affiliates, ultimate beneficial owners, nor any party involved in the supply, transportation, financing or insurance of the cargo is the subject of sanctions administered by the United Nations, United States, European Union, United Kingdom or Japan;
• The offered cargo is not directly or indirectly sourced from, produced in, exported from or transported in violation of applicable sanctions laws;
• Neither the cargo nor any portion thereof originates from a source which would expose NSRP, its shareholders, lenders, insurers or counterparties to sanctions risk;
• Supplier shall promptly notify NSRP if any sanctions-related issue arises prior to delivery.

Note: The 3-day unloading laycan will be confirmed by the Buyer.

Vessel size: up to 50,000 DWT; cargo size, however, the cargo size must ensure a maximum displacement of 48,700 MT only.

Supplier also provide:

·        Confirmation that the vessel is not subject to sanctions and is not identified by any governmental authority for sanctions evasion activities;

·        Confirmation that AIS transmissions have not been intentionally disabled or manipulated in relation to the voyage of the cargo.

In addition above, supplier shall satisfy the following condition:

Ø  Required Ship temperature is maintained ≥ 55 Deg C, if AR pour point is below range:

·        AR pour points ≤ 27 Deg C

Ø  Required Ship temperature is maintained ≥ 58 Deg C, if AR pour point is below range:

·        27 Deg C < AR pour points ≤ 36 Deg C

Ø  Required Ship temperature is maintained ≥ 60 Deg C, if AR pour point is below range:

·        36 Deg C < AR pour points ≤ 38 Deg C,

Ø  Required Ship temperature is maintained ≥ 65 Deg C, if AR pour point is below range:

·        38 Deg C < AR pour points ≤ 42 Deg C,

1^st: DAP, with the seller responsible for arranging Marine Cargo and War Risk Insurance.

2^nd: CFR

3^rd: FOB

The price will be based on the arithmetic average of the daily mean quotations for “FO 380 CST 3.5% S” as published by Platts for the loading month.

Sellers may propose specific payment terms at their discretion; however, B/L + 60 will be standard for assessment and remains the buyer’s preferred option and longer will be given priority.

·        Appendix 2 & 3: Business Partner Forms (required under NSRP’s AML/CFT compliance program)