SOFT CORPORATE OFFER (SCO)
XXXXX MEDIUM CRUDE OIL — CIF MEDITERRANEAN EUROPE
Date: August 10, 2026
Ref : FLORIN-BB5/SCO/BM/CIF-EU/300726/V2
This Soft Corporate Offer is issued by XXXXXXX (Pty) Ltd (the “Seller”), holder of a confirmed allocation of XXXXX Medium Crude Oil from the State Oil Marketing Organization of Iraq (“XXXX”), Ministry of Oil, Republic of Iraq,
This SCO is a condensed statement of the principal commercial terms on which the Seller is prepared to offer the volume set out below and is issued for indication and procedural purposes only. It is not a binding offer, is subject to contract, prior sale, XXXX allocation, scheduling and approvals, and the definitive terms shall be those of the executed Sale and Purchase Agreement.
IMPORTANT — PLEASE READ BEFORE RESPONDING
Two points in your Letter of Intent differ from what the Seller is able to offer, and are addressed in this SCO as follows:
(a) Product. Light Crude Oil. The Seller's
confirmed XXXX allocation is for XXXXX Medium Crude Oil. This SCO is accordingly offered on a XXXXX Medium basis, please confirm this is acceptable, or advise if Light Crude Oil is a firm requirement, in which case the Seller will need to assess separately whether it can be sourced.
(b) Payment terms. 100% payment via MT-103 after
delivery, with no letter of credit or other bank-backed instrument. For a program of this scale, the Seller is not in a position to ship cargo on that basis. This SCO is accordingly offered on the Seller's standard terms — an Irrevocable Documentary Letter of Credit, payable at sight against complying shipping documents — which the Seller's bankers can confirm is a routine, bankable structure for a buyer with genuine means to perform.
- COMMERCIAL TERMS
Product: XXXX Medium Crude Oil — XXXX / Republic of Iraq, Ministry of Oil (see Note (a) above)
Origin: Republic of Iraq
Quantity: Trial shipment: 4,000,000 barrels SPOT (±5% operational tolerance). Thereafter: 4,000,000 barrels per calendar
month for the balance of the Contract Duration, subject always to XXXX allocation availability for each month —
see General Conditions:
Contract Duration Twelve (12) months from the trial shipment,
Clik here for full information
Jet A1 & LNG Offering
Date: August 17, 2026
Ref: Lnl/Mhr/JE.08172026
Buyer's File Required by XXXXXX Trading for JET A1 + LNG
Prepare this PDF package in a single file, <20 pages:
1. Corporate Profile: 2 pages. Company name, country, year of incorporation, capital, business activity, reference clients.
2. Certificate of Incorporation + Articles of Association: Apostilled.
3. CEO's Passport + Proof of Address: The signatory of the future Share Purchase Agreement (SPA).
4. BCL - Bank Comfort Letter: Mandatory. SWIFT MT199 format or letter from a Top 50 bank. Must include company name, available funds, validity period (30 days), bank contact for verification. Example: "We confirm XYZ Ltd has funds available exceeding USD 150,000,000 for the purchase of petroleum products."
5. POF - Proof of Funds: Bank statement for the last 3 months in the name of the buyer company. Balance > 3 months of your volume.
6. Bank References: 2 Top 50 banks with direct contact.
7. CIS: Corporate Information Sheet with contact details, hydrocarbon import license if you have it.
Without a BCL + POF, XXXXXXXXX won't even open the file.
2. Official XXXXXX Procedure for a Long-Term Contract
For JET A1 Kerosene:
1. Send buyer file to: XXXXXXX Trading London contact@xxxxxxxtrading.com
2. They will send you an NDA and ask for volume/month, port of discharge, and JET A1 specifications.
3. If OK → Draft 12-month SPA FOB Skikda / Arzew. Price = Platts Med + differential -$2 to +$3
4. SGS at the dock at buyer's expense → Payment MT103/TT or SBLC MT760
5. First cargo 45-60 days after signing
For LNG:*
1. Supplier registration on the xxxxxxxx-dz.com portal
2. Wait for "LNG tender". Contracts = 15-20 years, 90% Take-or-Pay, minimum volume 0.5 MTPA = ∼700 million m³/year
3. Price negotiation: Henry Hub + 12% to 15% slope + S-curve
4. You need a regasification terminal or an agreement with an EU terminal. Otherwise, XXXXXX refuses.
3. Credible Volumes to Start With
XXXXXX doesn't sign contracts below:
- JET A1: 5,000 MT per cargo, minimum 1 cargo/month
- LNG: 0.5 MTPA = 1 LNG carrier every 2 months
If you're aiming for less, go through Vitol/Trafigura, which breaks down xxxxxxx's cargoes.
4. 3 Golden Rules to Be Taken Seriously
1. Single Voice: The CEO signs and responds to emails. Not 3 intermediaries.
2. No Changes in Terms: You request FOB, you stay FOB. If you switch to CIF afterward, you'll look amateurish.
3. 24-Hour Response Time: XXXXXXX gives 24 hours to respond to drafts. Beyond that, the deal is dead.
Now tell me how to get unblocked:
1. What exact volume are you aiming for: JET A1 = ... MT/month? LNG = ... MTPA?
2. Port of discharge: For JET A1 = Constanta, Bar, Durres? For LNG = which refueling terminal?
3. Your bank: BNP, SG, HSBC, Citibank? This is what validates 80% of the application.
For information contact Jack El-Mann
Mobile / WhatsApp: +(1) 917.251.3834 Email: jack.elmann@gmail.com