Procedure No. 7

(FOB) – TANK TO VESSEL (TTV)

1. BUYER ISSUES ICPO WITH SELLER’S TRANSACTION PROCEDURES ALONG WITH THEIR CPA AND POF.

2. SELLER ISSUES COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN THE STORAGE TANK TO BUYER, BUYER SIGNS AND RETURN BACK TO SELLER WITHIN 3 WORKING DAYS.

3. SELLER ISSUES DTA TO BUYER AND BUYER CONTACT THE SELLER’S STORAGE TANK FARM TO GET ATI AND EXTEND STORAGE.

4. AFTER BUYER’S PRESENTATION OF THE ATI ISSUED BY SELLER’S TANK FARM AND ENDORSED DTA TO SELLER, SELLER ISSUES THE FOLLOWING POP DOCUMENTS:

A. FRESH SGS REPORT (NOT OLDER THAN 72 HOURS)

B. PRODUCT RESERVOIR RECEIPT

C. ACCREDITATION CERTIFICATE

D. PRODUCT PASSPORT (QUANTITY AND QUALITY ANALYSIS)

E. AUTHORIZATION TO SELL AND COLLECT CERTIFICATE (ATSCC)

F. PRE-INJECTION REPORT (PIR)

G. NCNDA/IMFPA (TO BE COMPLETED BY ALL INTERMEDIARIES)

H. CERTIFICATE OF PRODUCT ORIGIN

I. AUTHORITY TO VERIFY (ATV) BY MAIL AND PHONE CALL

5. AFTER BUYER RECEIVING OF THE POP AND SUCCESSFUL INSPECTION OF THE PRODUCT IN THE SELLER’S TANK, BUYER CONDUCTS DIP TEST IN SELLER’S TANK IN THE PRESENCE OF BUYER’S TEAM AT BUYER’S EXPENSE.

6. AFTER SUCCESSFUL DIP TEST ANALYSIS REPORT, BUYER MAKES 100% PAYMENT FOR THE FIRST TRIAL LIFT VIA TT WIRE AND SELLER TRANSFERS OWNERSHIP OF THE PRODUCT TO THE BUYER.

7. SELLER PAYS A COMMISSION TO ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION.

8. SELLER ISSUES A CONTRACT FOR THE BUYER’S DESIRED DURATION UPON SUCCESSFUL COMPLETION OF THE TRIAL ORDER.