Art & Science International, Inc. (“ASI”) is pleased to present a comprehensive range of crude oil, refined and petrochemical products (“Products”). These offerings are designed to meet the diverse needs of our global clientele. Our Product portfolio is crafted with precision and attention to detail, ensuring that our customers receive the highest quality Products for their industrial applications and commercial needs.

 

Crude Oil Products

Our crude oil products are sourced from some of the most reliable and reputable suppliers around the world. We ensure that the quality of our crude oil meets the stringent standards required by various industries.

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Petrochemical Products

ASI's range of petrochemical products is designed to support a wide array of industrial applications. Our petrochemicals are sourced from reputable manufacturers and are known for their purity, consistency, and performance.

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Jet A / Jet A1

We are pleased to offer a comprehensive supply contract for Jet A / Jet A1 fuel. Jet A and Jet A1 are types of aviation turbine fuel suitable for most commercial and military aircraft.

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INITIAL REQUIREMENTS AND STANDARD OPERATING PROCEDURES

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Please provide us with the company profile of the principal Buyer (“Buyer”) of the Products, including full contact information of the principal Buyer, landline, mobile, email and website, addressed to:
Art & Science International, Inc.
Attn: Behzad Farahani

The Buyer agrees that they have verifiable records of prior purchases of Products. These records shall be presented upon request and must include the following details:

• Date of purchase

• Type of the Products

• Loading and discharge ports

• Price and terms

 

The Buyer affirms that all provided records are accurate and can withstand verification by an independent third party if necessary. This ensures transparency and trust in the transaction of purchasing the Products.

The Client agrees to submit to ASI a detailed letter of request for Products (RFP). The RFP will include, but is not limited to, the following information:

• Products' Specifications: Detailed technical and functional specifications of the required products.

• Quantities: The specific number of units required for each product.

• Discharge Ports: The designated ports or locations where the products will be delivered.

• Target Pricing: The desired price range or budget for the products.

• Requested Terms and Procedures.

 

The Client agrees to provide ASI with verifiable proof of financial ("POF") capability to purchase, issued by a prime bank accepted by ASI. POF shall include a soft probe authorization. The amount of FOB shall be determined based on the value of one month to the full quantity of the Products on a case-by-case basis and according to the Request for Product.

 

The pricing structures will be calculated based on the three-days average market price. This average will serve as the baseline for determining the cost of goods and services under the Agreement.

 

Assistance for Prequalified First-Time / New Buyer

ASI is pleased to consider assisting prequalified first-time or new Buyer in purchasing of the Products. ASI might consider financing Products on a case-by-case basis.

 

Eligibility

To be eligible for assistance, Buyer must be prequalified by ASI. This prequalification process ensures that Buyer meets the necessary criteria to proceed with the purchase of the Products.

 

Case-by-Case Consideration

Each application for assistance will be reviewed individually. ASI reserves the right to approve or deny assistance based on the Buyer's qualifications and the specifics of the purchase or lease request.

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Good-Faith Retainer

Based on the credibility of the end-buyer, we might require a good-faith refundable retainer in the amount of two million United States Dollars (USD$2,000,000.00). This retainer serves as a commitment from the Buyer and will be credited towards the first purchase agreement.

To ensure transparency and safeguard the interests of both parties, the retainer will be held in an escrow account until the completion of the initial transaction;

• The good-faith retainer must be paid in full before any purchase agreement is signed.

• If the purchase agreement is not finalized, the retainer will be refunded in full to the Buyer within 15 days.

• Upon successful completion of the purchase agreement, the retainer amount will be credited towards the total cost of the agreement.

 

This document outlines the terms and conditions under which the Buyer agrees to submit an official Request to ASI. The Request will include detailed specifications, requirements, capabilities, and the target pricing or budget. The Buyer affirms that it has adequate funds to proceed with the purchase or lease of the Products as per the long-term lease, sale, and purchase agreements. The Buyer will provide a comprehensive and detailed description of the Products specifications required. This will include, but is not limited to:

• Technical specifications

• Performance requirements

• Operational capabilities

• Quality and compliance standards

 

Official Request Submission Process for Government Departments and Agencies

Government departments and agencies are required to follow specific procedures when submitting official requests. These procedures ensure that all requests are properly documented, authorized, and processed in a timely manner.

 

All official requests must be issued on the letterhead of the respective government department or agency. The letterhead serves as a formal representation of the department or agency and includes the name, address, and contact information. It is crucial that the letterhead is used to maintain the authenticity and credibility of the request.

 

Each request must be signed by a principal, who is an authorized official of the department or agency. The principal's signature signifies the approval and legitimacy of the request. It is important to ensure that the signature is clear and legible. The principal's name, title, and contact information should also be included below the signature. The content of the official request should be clear, concise, and comprehensive. A detailed description of the request must be provided. It should also outline any relevant details, such as deadlines, quantities, and specifications.

 

Availability of Products

Products are available subject to prior sale and price change without notice, especially in the current market. This dynamic environment requires potential Buyers to stay vigilant and ready to act swiftly. Buyer must be prepared to act immediately to secure the right Products when it becomes available. Due to the high demand and rapid turnover, there is often minimal time to conduct thorough research and secure financing.

 

Disclosure Terms for Products

ASI will adhere strictly to its confidentiality policy in regard to the Products. Under no circumstances will ASI disclose any confidential information about the Products prior to the completion of the following conditions:

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Due Diligence on the Buyer

ASI requires a thorough and satisfactory completion of due diligence on the Buyer. This process ensures that the Buyer meets all necessary criteria and maintains standards that align with ASI's policies and expectations.​

 

Only upon the satisfactory execution of these requirements ASI will consider disclosing any confidential information regarding the Products. This policy is designed to protect ASI's interests and ensure the integrity and security of its proprietary information.

 

Verification of Financial Capability

In addition to due diligence, ASI mandates verification of the Buyer's financial capability to purchase the Products. This step is crucial to confirm that the Buyer has the appropriate financial resources and stability to engage in the transaction.

 

Intermediary Relationships and Protection

All intermediaries must ensure they have established and secure relationships with their principals. This foundational connection is vital for maintaining trust and ensuring a smooth transaction process. Intermediaries are responsible for securing their positions and commissions with their principals.

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Our company is committed to protecting all intermediaries involved in transactions. While we prioritize the protection of intermediaries, we have specific policies regarding Non-Circumvention, Non-Disclosure Agreements (NCNDA), Non-Disclosure Agreements (NDA), and fee agreements:

• We will not execute any NCNDA or NDA or fee agreements. Intermediaries are encouraged to manage these agreements independently with their principals.

• We do not dictate the amount of commission to the Buyer. It is the responsibility of the intermediaries to negotiate and secure their commission directly with their principals.

 

ASI at all times reserves the right to reject the principal / company profile, to terminate discussions with any or all parties involved, and to reject any or all inquiries / request for products / equipment (on whatever terms) at any time and without ascribing any reason for the same.

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Please contact us today to learn more about our offerings and how we can assist you in achieving your goals.