FINAL INVOICE

INV-2026-0617-SHELL

Trade BUY-2026-0411-A3F | Shell Trading | 3,196,900 MMBtu | Discharged 17 Jun 2026

AWAITING APPROVAL

Invoice Line Items

All values auto-calculated. Override requires reason + approver.

Delivered Volume B/L #BL-2026-0042

3,196,900 MMBtu

B/L loaded: 3,198,450 MMBtu - Transit loss: 1,550 MMBtu (0.048%) = 3,196,900 MMBtu

Override Value

Reason (required)

Second Approver

Contract Price SPA-2026-SHELL-001

$14.72 /MMBtu

Avg(JKM, May-26) = $14.22 + premium $0.50 = $14.72/MMBtu

Override Value

Reason (required)

Second Approver

Base Amount = Volume x Price

$47,038,408

3,196,900 MMBtu x $14.72/MMBtu = $47,038,408.00

Quality Adjustment Contract clause 7.3 | Outturn: SGS Certificate #OT-20260617

-$296,930

(Outturn GHV 1,042 - Contract GHV 1,050) / 1,050 x 3,196,900 MMBtu x $14.72 = -$296,930.26

Deviation: -0.76% Contract tolerance: +/- 1.0% — Within tolerance

Override Value

Reason (required)

Second Approver

Demurrage Laytime calc | NOR: 16 Jun 08:00 | Completed: 20 Jun 08:00

-$1,080,000

(Actual: 96h - Allowed: 72h) x $45,000/hr = -$1,080,000.00

24h over laytime Demurrage rate per SPA clause 12.1

Override Value

Reason (required)

Second Approver

INVOICE TOTAL

$45,661,478

Forty-five million, six hundred sixty-one thousand, four hundred seventy-eight US dollars

Base Amount $47,038,408

Quality Adj. -$296,930

Demurrage -$1,080,000

Total $45,661,478

Validation Cross-Checks

6/6 PASSED

Volume within B/L tolerance (+/- 0.5%) Deviation: 0.048%

Price matches contract pricing formula $14.72 = Avg(JKM,May-26) + $0.50

Quality adjustment calculation verified GHV: 1,042 vs 1,050 contract

Demurrage rate matches SPA clause 12.1 $45,000/hr confirmed

Quality deviation within contract tolerance (+/- 1.0%) -0.76% within range

Invoice total matches sum of line items $47,038,408 - $296,930 - $1,080,000 = $45,661,478

Four-Eyes Approval

Pending

Created by j.cobley

Operations Analyst | 17 Jun 2026, 14:22

SUBMITTED

Requires approval from