Cargo-backed. Control-driven.

Financing Architecture

Supply to waterfall in one cargo cycle.

Each cargo flows from U.S. supply through AIC Singapore to Asia offtake, with trade finance bank oversight, LC payment mechanics, and a controlled cash waterfall that prioritizes lender repayment before any distribution.

Collateral Package

Eight instruments. One cargo.

AIC's intended collateral framework assembles the full documentary package required for investment-grade trade finance underwriting on each cargo transaction.

1. 01
   Purchase ContractFOB supply agreement with U.S. LNG export terminal
2. 02
   LC MechanicsLetter of credit issued by Asia buyer's investment-grade bank
3. 03
   Title DocumentationBill of lading and title transfer instruments
4. 04
   Vessel DocumentationCharter party, vessel certificates, P&I club coverage
5. 05
   Cargo InsuranceMarine cargo insurance covering full cargo value
6. 06
   Downstream OfftakeConfirmed DES purchase obligation from Asia counterparty
7. 07
   Receivables AssignmentAssignment of LC proceeds to trade finance lender
8. 08
   Controlled AccountsCollection account subject to lender control agreement

Structured Energy Platform

AIC Energy Corp is structured as a multi-entity, multi-jurisdiction energy platform purpose-built for LNG procurement, trade finance, and Asia market execution. The platform is not a single-entity trading operation — it is a governance-first holding structure with distinct legal entities performing defined commercial, treasury, and execution functions.

The ADGM holding company provides the governance layer: board oversight, trading authority limits, counterparty approval, and treasury control. The Hong Kong trading company provides the commercial execution layer: purchase contract negotiation, cargo management, offtake coordination, and trade finance facility management. The U.S. entity provides the supply origination layer: FOB procurement from U.S. LNG export terminals.

This structural separation is intentional. It creates clear lines of authority, defined cash flow paths, and entity-level accountability that support trade finance underwriting, investor due diligence, and regulatory compliance across multiple jurisdictions.

Cargo-Level Trade Finance

AIC's trade finance model is designed to operate at the cargo level. Each LNG cargo is intended to be supported by a discrete set of commercial and documentary instruments: a purchase contract with a U.S. LNG supplier, a letter of credit or equivalent payment instrument from the Asia offtake counterparty, title documentation, vessel documentation, cargo insurance, and a receivables assignment in favor of the trade finance lender.

Cargo-level financing enables lenders to evaluate each transaction on its own commercial merits — the creditworthiness of the offtake counterparty, the quality of the supply contract, the adequacy of the shipping arrangement, and the completeness of the documentary package. It also enables the platform to scale incrementally: each additional cargo adds a discrete, self-contained financing unit.

AIC intends to work with trade finance banks experienced in commodity-backed lending, structured trade finance, and LNG cargo documentation. The platform's governance framework is designed to meet the compliance and documentation standards of investment-grade trade finance lenders.

ADGM Governance and Treasury

AIC Energy Corp Ltd. is incorporated in the Abu Dhabi Global Market (ADGM), a common-law financial free zone with an independent regulatory authority, English-law contract enforcement, and a financial services regulatory framework aligned with international standards. ADGM provides the governance and treasury anchor for the AIC platform.

The ADGM holding company is responsible for: board-level oversight of all platform entities; approval of counterparties above defined thresholds; trading authority limits for the Hong Kong trading company; treasury management including cash waterfall controls and account structures; and group-level compliance with sanctions, AML, and anti-bribery requirements.

For lenders and investors, ADGM incorporation provides a credible, internationally recognized legal domicile with strong contract enforcement, clear corporate governance standards, and regulatory oversight appropriate to a structured energy platform. The ADGM framework is designed to support the documentation requirements of international trade finance and capital markets transactions.

Hong Kong Trading Execution

AIC LNG Trading Ltd. is incorporated in Hong Kong and serves as the commercial execution hub of the AIC platform. Hong Kong is Asia's premier international financial centre, with deep market infrastructure, established trade finance banking relationships, and a regulatory framework that supports commodity trading, structured finance, and cross-border capital flows.

The Hong Kong trading company is responsible for: purchase contract execution with U.S. LNG suppliers; offtake contract management with Asia buyers; trade finance facility management; cargo scheduling and shipping coordination; invoice management and receivables tracking; and day-to-day commercial operations within the authority limits set by the ADGM holding company.

Hong Kong's position as the regional hub for international finance, trade finance, and commodity banking makes it the natural execution domicile for AIC's commercial operations. The Hong Kong entity is designed to interface directly with trade finance banks, shipping counterparties, and Asia offtake customers within a well-established legal and regulatory framework.

Collateral and Receivables Logic

AIC's collateral framework is designed around the documentary instruments that support each LNG cargo transaction. The intended collateral package for a trade finance facility includes: the purchase contract with the U.S. LNG supplier; the offtake contract or confirmed purchase order from the Asia buyer; the letter of credit or equivalent payment instrument issued by the buyer's bank; the bill of lading and title documentation for the cargo; cargo insurance; and a receivables assignment in favor of the lender.

Receivables assignment is the mechanism by which the trade finance lender obtains a security interest in the payment obligation of the Asia offtake counterparty. When the buyer's bank pays under the letter of credit, the payment flows to the controlled account structure rather than directly to AIC, enabling the lender to apply the proceeds against the outstanding facility balance before releasing the net amount to AIC.

The quality of the collateral package is a direct function of the credit quality of the offtake counterparty, the completeness of the documentary package, and the enforceability of the receivables assignment in the relevant jurisdiction. AIC's platform is designed to maximize collateral quality by targeting investment-grade offtake counterparties and maintaining rigorous documentary standards.

Cash Waterfall Discipline

AIC's cash waterfall is the contractual mechanism that governs the sequence in which cargo proceeds are applied to platform obligations. The intended waterfall sequence is: (1) trade finance facility repayment; (2) shipping and logistics costs; (3) supply contract payment obligations; (4) operating expenses and platform costs; (5) reserve account funding; (6) distribution to equity holders.

The waterfall is enforced through the account control structure. Cargo proceeds flow into a controlled collection account held in the name of the Hong Kong trading company but subject to a control agreement in favor of the trade finance lender. The lender's consent is required for any disbursement that does not follow the agreed waterfall sequence.

Cash waterfall discipline is a core governance commitment of the AIC platform. It ensures that lender obligations are satisfied before any distribution to equity, that reserve accounts are funded before discretionary spending, and that the platform's financial obligations are met in a defined, transparent, and auditable sequence.

Risk Controls and Reporting

AIC's risk framework is designed to provide lenders and investors with the visibility and control they need to underwrite the platform's financing requirements. The framework covers commodity price risk, buyer credit risk, supplier performance risk, shipping and logistics risk, regulatory and sanctions risk, liquidity risk, and entity authority risk.

Risk reporting is intended to be provided to trade finance lenders on a cargo-by-cargo basis, with facility-level reporting provided on a periodic basis as agreed in the facility documentation. Reporting will cover: cargo status and documentary completeness; offtake counterparty credit metrics; facility utilization and availability; waterfall account balances; and any material risk events or compliance matters.

AIC's LNG Trading Committee is the internal governance body responsible for approving each cargo transaction, reviewing risk exposures, and ensuring that all transactions comply with the platform's authority limits, counterparty approval requirements, and documentary standards. The Committee's decisions are documented and available for lender review.

Strategic Capital Participation

AIC is designed to accommodate strategic capital participation at multiple levels of the platform structure. Equity participation in AIC Energy Corp (ADGM) provides exposure to the full platform — supply origination, trading execution, Asia market reach, and the long-term value of the platform's commercial relationships and market position.

Project-level or cargo-level participation structures may be available for investors seeking defined exposure to specific cargo transactions, supply contracts, or Asia market segments. These structures would be documented separately and would be subject to the platform's governance framework, authority limits, and compliance requirements.

AIC evaluates strategic capital participation against the platform's long-term commercial objectives, governance standards, and the interests of existing stakeholders. Capital participation discussions are subject to formal documentation, legal review, and regulatory compliance. No representation is made that any capital participation structure is currently available or has been confirmed.

Data Room Access Process

AIC maintains a structured data room for qualified lenders and investors engaged in formal due diligence. The data room is organized around the platform's key commercial, legal, governance, and financial documentation. Access is granted on a need-to-know basis following execution of a non-disclosure agreement and confirmation of the party's identity and institutional standing.

The data room is intended to contain: corporate structure and governance documentation; entity incorporation and regulatory standing; platform strategy and commercial plan; supply engagement documentation; offtake strategy and target market analysis; trade finance facility term sheets and documentation templates; risk framework and compliance policies; and financial projections and assumptions.

Data room access requests should be submitted through AIC's formal inquiry process. AIC will respond to qualified requests within a defined timeframe and will provide a structured onboarding process for parties proceeding to formal due diligence. AIC does not provide data room access to unqualified parties or parties who have not executed the required confidentiality documentation.

Financing Thesis

Cargo-backed. Control-driven.

"AIC's financing strategy is cargo-backed and control-driven. Each cargo can be supported by purchase contract, LC mechanics, title documentation, vessel documentation, cargo insurance, downstream offtake, receivables assignment, and controlled accounts."

This page is not an offer to sell securities or a solicitation of investment. Any financing or investment discussion is subject to formal documentation, diligence, legal review, and regulatory compliance. The financing structures, collateral frameworks, and governance arrangements described on this page reflect AIC's intended platform design and planned commercial activities. No representation is made that any financing facility, investment structure, or capital participation arrangement has been confirmed unless AIC makes a specific announcement.