Procedure No. 12

(FOB) – TANK TO TANK (TTT)

1. THE BUYER ISSUES THEIR ICPO, AND COMPANY PROFILE AND COMPANY REGISTRATION CERTIFICATE AND PASSPORT COPY (DATA PAGE) ALONG WITH THEIR TSA.

2. THE SELLER ISSUES COMMERCIAL INVOICE (CI) & WARNING LETTER & NCNDA/IMFPA. BUYER SIGNS AND RETURNS TO SELLER. SELLER WILL COMPLETE VERIFICATION ON TANK FARM OF THE BUYER.

3. THE SELLER SENDS SGS DIRECTLY TO BUYER TANK FARM , FOR VERIFICATION ONLY TO BUYERS TANK FARM.

BUYER TANK FARM CONFIRM AUTHENTICITY OF THE SGS REPORT TO HIS BUYER. SELLER LEASES AND PAYS THE BUYER’S TANK FOR 3 DAYS AND BUYER PAYS HIS TANK FARM COMPANY FOR HIS THREE DAYS (3) DAYS TANK STORAGE COST, (TOTALING A SIX (6) DAYS ACTIVE TSR TO BE ISSUED) FOR THE INJECTION PROCESS.

4. THE SELLER ISSUES FOLLOWING POP DOCUMENTS:

A. INJECTION RE

E. ATSC-AUTHORIZATION TO SELL & COLLECT

F. FRESH SGS NOT OLDER THAN 48 HOURS

G. ATV

5. THE BUYER CONDUCTS DIP TEST ON ERS EXPENSES AND MAKES THE PAYMENT FOR THE TOTAL VALUE OF THE PRODUCT INJECTED INTO THE TANKS THROUGH THE MEANS OF MT103-TT.

6. SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION (VIA THE SIGNED IMFPA) AND SUBSEQUENTLY MONTHLY/WEEKLY SHIPMENT CONTINUES AS PER TERMS AND CONDITIONS OF THE SALES AND PURCHASE AGREEMENT CONTRACT BETWEEN BUYER AND SELLER