Procedure No. 13

(FOB) – TANK TO TANK (TTT)

1. BUYER ISSUES ICPO CONTAINING THE SELLER’S WORKING PROCEDURE AND BANKING DETAILS ALONG WITH BUYER’S NOMINATED TSA, COMPANY REGISTRATION CERTIFICATE AND DATA PAGE OF BUYER’S PASSPORT.

2. SELLER ISSUES COMMERCIAL INVOICE OF THE PRODUCT IN TANKS AT THE PORT, BUYER SIGNS AND RETURNS COMMERCIAL INVOICE ALONG WITH AN ACCEPTANCE LETTER.

3. SELLER VERIFIES BUYER’S TSA AND PROCEED TO PAY THE BUYER’S TANK COMPANY FOR 3 DAYS FOR THE INJECTION PROCESS, BUYER PAYS 3 DAYS AND ONLY AFTER HIS TANK FARM COMPANY HAS RECEIVED THE PAYMENT FROM SELLER COMPANY. SELLER ISSUES NCNDA/IMFPA TO INTERMEDIARIES TO SIGN.

4. SELLER PROVIDES BUYER WITH FULL POP DOCUMENTS

A. FRESH SGS REPORT LESS THAN 48 HOURS

B. DIP TEST AUTHORIZATION-UNCONDITIONAL INJECTION REPORT

C. TANK STORAGE RECEIPT WITH GPS COORDINATES

D. TANK FARM BAR-CODE INFORMATION

E. LETTER OF COMMITMENT TO SUPPLY.

F. REGISTRATION CERTIFICATE & EXPORT LICENSE COPY

G. AUTHORITY TO SELL & COLLECT (ATSC)

H. ENDORSED INJECTION SCHEDULE BY THE BUYER & BUYER TANK FARM

I. ATV – FOR PHYSICAL VERIFICATION

J. IRREVOCABLE COMMITMENT TO SUPPLY FOR SPOT AND 12 MONTHS CONTRACT

K. INJECTION SCHEDULE SIGNED BY BUYER & BUYER’S TANK FARM.

5. BUYER CONDUCTS DIP-TEST IN SELLER’S TANK, VIA SGS OR EQUIVALENT ON BUYER’S EXPENSES, SELLER INJECTS THE FUEL TO BUYER’S TANK AND BUYER MAKES PAYMENT BASED ON Q&Q BY MT103 WIRE TRANSFER ACCORDING TO THE FINAL COMMERCIAL INVOICE

6. SELLER TRANSFERS THE TITLE OF OWNERSHIP AS PER BUYER’S INSTRUCTION, BUYER LIFTS THE PRODUCT.

7. SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION AND SUBSEQUENTLY MONTHLY CONTRACT SHIPMENT CONTINUES AS PER TERMS AND CONDITIONS OF THE SALES AND PURCHASE AGREEMENT CONTRACT BETWEEN BUYER AND SELLER.