Sale and Purchase Procedure of Enerjik (SPPE)

1. Buyer or his Representative submits to Enerjik the Buyer Application Form (BAF) along with Specs, Quantity, Packing, Delivery Size and Schedule, Destination Port(s) (and discharge rate per day), Mode of Payment (Bank Guarantee, Standby, Documentary L/C, whether irrevocable, transferable, confirmed, divisible, revolving, fully funded, etc.) and Target Price (conform to real market price level), and Other Related Information (requested commission for involved parties (if any), etc),

2. Enerjik submits an offer along with price, delivery and payment terms and conditions, and other related information to the Buyer or his Representative, (Enerjik is able to sign a Non-Circumvention Non-Disclosure Agreement (NCNDA) with the Buyer or it's Representative if requested),

3. Buyer submits a valid and completed Letter of Intent or Irrevocable Corporate Purchase Order and Bank Comfort Letter, (all documents should fresh dated and contain the permission to Enerjik to conduct a Soft Probe on the Buyer's account),

4. Enerjik issues the Proforma Invoice to the Buyer if the Letter of Intent or Irrevocable Corporate Purchase Order issued from the Buyer according to advised terms and conditions,

5. Buyer accepts and agrees the terms and conditions of the Proforma Invoice,

6. Enerjik issues the Draft Contract to the Buyer if the Letter of Intent or Irrevocable Corporate Purchase Order issued from the Buyer according to advised terms and conditions (if Draft Contract required),

7. Buyer set his Signature and Company Stamp or amends the Draft Contract and sends it to the Enerjik, until both parties agreed (if DC required),

8. Agreed Proforma Invoice (or Draft Contract sent signed via fax or e-mail) will be deemed as original and valid,

9. Hard copies of the Contract issued by the Enerjik exchanged with the Buyer (if Contract required),

10. Buyer signs and stamps all the copies of the Contract and returns to the Enerjik (if Contract required),

11. Enerjik sends the hard copies of the Contract signed and sealed to the Buyer (if Contract required),

12. Buyer presents pre-advised payment instrument to the Enerjik's Bank,

13. Delivery and Shipment commence as per Proforma Invoice or Contract.

Confirmed Sale & Purchase Procedure is valid until written Confirmation of Cancellation of Both Parties and in this case until Completion of Related Ongoing Sale & Purchase Contract(s) !

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