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AMRANI TRADING | LONDON (UNITED KINGDOM) |

Email: amrani.trading.info@gmail.com | Mobile: +4407405140833

Date: 21st August 2020

FULL CORPORATE OFFER (FCO)

TO: BAYONNE TRADING LLC

We, AMRANI TRADING (on behalf of the seller) hereby issue our FCO with full corporate authority
and responsibility under the penalty of perjury state and represent that it is our intention to sell, and
we hereby confirm that we are ready, willing and able to SELL the following commodity as per the
specification and in the quantity and for the price as specified in the terms and conditions as stated
below.

1 Commodity Used rails R50-65


2 Origin Saudi Arabia
3 Quantity 100,000MT/month
4 Duration of contract 12 months (1 year)
5 Total quantity 1,200,000 tons
6 Loading port DAMMAM/JEDDAH
7 Delivery port CIF ASWP
8 Price USD$ 170/MT
9 Delivery time ~30 days
10 Loading time ~48 hours
11 Payment terms 100% L/C

TRANSACTION PROCEDURES AS IMPLEMENTED BY THE SUPPLIER

1. DEALING MECHANISM AND PAYMENT METHOD

• The approved payment mechanism is the payment method: MT700 At sight, non-cancelable, non-
postponement or modification
• In case the credit is revolving, the bank must guarantee the purchase of the full amount mentioned
in the commercial invoice and the bank will be fully responsible.
• The seller takes care of the bank’s administrative expenses on our account after opening and
accepting the credit.
• Sheikha Mohammed Baghlaf Foundation undertakes to send a bank guarantee of 100 million
riyals, or 20% of the value of the goods sold as a good performance guarantee that will be deducted
by the buyer 45 days after opening the credit without consulting us. After credit notification has
AMRANI TRADING | LONDON (UNITED KINGDOM) |
Email: amrani.trading.info@gmail.com | Mobile: +4407405140833

come to us from the bank’s official email with a serial number issued by the Saudi Swift Code (Swift
Code).
• - Dealing mechanism and work steps are summarized in two steps:
The first step: issuance of a commercial invoice to confirm the quantity and price [from the seller] to
present to the bank, the value of issuing the commercial invoice 5000 five. Thousands of riyals are
refundable to the customer in the event of a revolving and enhanced bank credit
Step Two: Open a revolving and enhanced bank credit [by buyer] Confirmed MT700 At Sight or a
certified check for the full amount that is spent.
• The buyer does not have the right to view the goods until the financial procedures have already
been implemented using the initial notification of the documentary credit and our bank informs us
officially via e-mail of our responsibility for the letter of credit. The initial notification of approval
must be the full value of our commercial invoices and their terms.

2. EXAMINATION OF GOODS AND EXPORT DOCUMENTS

We are at Sheikha Mohammed Baghlaf Trading Establishment. We confirm that after we receive a
pre-advice705 message that we will send an invitation letter to the buyer so that he can inspect the
goods on the ground and hold a meeting with the CEO and negotiate the contract face to face. If he
does not inspect the goods on the ground, we will send the documents and documents through the
buyer's express bank code. The following things:
1- A video showing that the products include the date of filming
2- Certificate of Examination
3- Goods ownership certificate.
4- New download invoice.
5- An export permit for pallet rails.
6- Certificate of Origin
We will send the above items if the buyer does not visit the site to actually check the goods.

3. ACTION STEPS [IN ORDER]

1- The buyer sent an irrevocable purchase order or a letter of intent (the buyer)
2- Send the official commercial offer (from the seller)
3- Pay bills fees 5000 riyals per million tons. “Prepaid and later refundable” (buyer)
4- Send the bills + signed and signed contract to the buyer and send the commission book to the
brokers. (dealer)
5- Opening a confirmed letter of credit (buyer)
6- Return the billing fees to the buyer + the administrative fees resulting from opening the letter of
credit + a well-executed guarantee 100 million Saudi riyals (the seller)
7- Starting the supply within seven days (the seller)

DATE: 21/08/2020