Procedure No. 11

(FOB) – TANK TO VESSEL (TTV)

1. BUYER ISSUES ICPO, CP AND BUYER PASSPORT COPY ACCOMPANIED WITH CHARTERED PARTY AGREEMENT (CPA) AND WITH OFFICIAL LETTER OF AUTHORIZATION TO VERIFY IT (CPA) (UNDER BUYER’S COMPANY LETTERHEAD).

2. SELLER ISSUES COMMERCIAL INVOICE (C.I.) ON OFFERED / AVAILABLE QUANTITY WITH ICC WARNING LETTER.

3. BUYER SIGNS COMMERCIAL INVOICE (C.I.), ICC WARNING LETTER AND RETURNS COPIES TO SELLER ACCOMPANIED WITH BELOW DOCUMENTS:

A. FULFILLED NCNDA/IMFPA (BY ALL GROUPS) WITH AGREED COMMISSION STRUCTURES.

B. VESSEL QUESTIONNAIRE (Q88)

C. CERTIFICATE OF CLASSIFICATION

D. CERTIFICATE OF REGISTRY

E. SOLAS CERTIFICATE

F. MARPOL CERTIFICATE

G. INTERNATIONAL LOAD LINE CERTIFICATE

H. INTERNATIONAL TONNAGE CERTIFICATE

I. CERTIFICATE FOR MASTERS, OFFICERS AND RATINGS

NOTE: NON-SUBMISSION OF ABOVE FULL SET MAY BE REPLACED BY BUYER’S DEPOSIT OF €154,380.00 EUROS AS PERFORMANCE GUARANTEE TRANSACTION (SECURITY RISK CONTROL) AND THE AMOUNT IS DEDUCTIBLE FROM THE FINAL INVOICE.

4. SELLER SUBMITS POP DOCUMENTS BELOW:

A. FRESH SGS REPORT

B. TANK STORAGE RECEIPT (TSR)

C. (ATV) AUTHORIZATION FOR PHYSICAL VERIFICATION OF THE PRODUCT

D. INJECTION REPORT

E. CERTIFICATE OF ORIGIN

F. PRODUCT PASSPORT

G. NOTARIZED AND ENDORSE NCNDA/IMFPA BY THE SELLER AND THEIR BANK.

H. UNCONDITIONAL DIP TEST AUTHORIZATION (DTA)

I. AUTHORIZATION TO SELL AND COLLECT (ATSC).

5. BUYER UPON PHYSICAL VERIFICATION OF THE PRODUCT AND PPOP CONFIRMATION ORDER SGS TO CONDUCT THE DIP TEST IN THE SELLER STORAGE TANK ON BUYER EXPENSE.

6. UPON SUCCESSFUL DIP TEST, PRODUCT IS IMMEDIATELY INJECTED TO BUYER’S VESSEL AND SELLER SHALL SUBMIT TITLE OF OWNERSHIP CERTIFICATE TO BUYER.

7. BUYER MAKES PAYMENT BY MT103 OR TT WIRE TRANSFER FOR THE TOTAL PRODUCT AND LIFTS THE PRODUCT AND SELLER PAYS ALL INTERMEDIARY INVOLVED IN THE TRANSACTION

8. SELLER PAYS COMMISSIONS TO INVOLVED PARTIES AS ACCORDINGLY WITH LEGAL NCNDA/IMFPA