TRANSACTION PROCEDURE CIF ASWP, FOB ROTTERDAM & HOUSTON

We “END SELLER from Europe with legal responsibility under penalty of perjury hereby
confirm the Availability and Capability to Supply the under-list products for and Contract
sales. The Supply is guaranteed to meet the Specification and pass through the stringent
requirement of SGS or Equivalent Financial Statement from the Buyer’s bank clarifying
buyer’s financial capability will be required to consider buyer’s negotiations. Only direct
negotiations from end buyer’s representative and mandates will be considered.

FOB JET FUEL A1

Maximum Quantity – 5,000,000 BBLS

Minimum Quantity – 1,000,000 BBLS
Loading port of Rotterdam ( Netherlands ) or Port of Houston ( USA )
Price: $ 88 USD/BBLS + JVA $ 5 USD/BBLS

CIF JET FUEL A1

Maximum Quantity – 5,000,000 BBLS

Minimum Quantity – 1,000,000 BBLS
CIF ASWP (ex. China ports)
Price: –$ 92 USD/BBLS + JVA $ 5 USD/BBLS
TRANSACTION PROCEDURE FOB TANK TO TANK ROTTERDAM & HOUSTON

Preliminary Procedure: Buyer issues CIS and Account Statement and signed JVA

1. Buyer sends ICPO on receipt of Seller's soft offer along with Buyer's CP, CIS, BCL,
Tank storage agreement (TSA).
2. Seller issues the below listed documents to the Buyer:
a. Commercial invoice (CI),
b. Statement of product availability
3. Buyer sign and return the below listed document to the Seller:
a. Signed commercial invoice,
4. Upon approval of the Buyer's TSA, the Seller issues the Buyer dip test authorization
letter (DTA) to be signed by both parties (Seller & Buyer only):
a. Upon signing of this DTA document the Buyer issues authorization to verify
(ATV) from its nominated tank farm for verification – tank reservation for 2/3
days with details.
b. Seller verifies the Buyer tank farm reservation
c. Then, Seller issues TSR, tank injection report (TIR) and DTA kicks in as
condition of ATV is met.
d. Other POP such COO ATSC will be issued based on Buyer needs.
5. After the Seller verification of the Buyer tank storage, Buyer performs dip test in
Seller’s tank, obtains a fresh SGS report containing product Q&Q alongside ATSC
and provides a copy to the Seller.
a. Upon confirmation of product Q&Q by the Buyer, Buyer provides TSR to Seller
after dip test.
b. Then, the Seller commences injection of the product into Buyers’ tanks.
c. Failure from the Buyer not to provide its TSR within 24 hours after completion of
dip test, Seller will not have any other option than to allocate the product to
another potential Buyer.
6. Buyer pays via TT/MT103 in exchange for title that will include all product
ownership title documents.
7. The Seller confirms Buyer payment and Seller release payment to all intermediaries
on each side that involved in the transactions.
8. Contract begins with roll and extension.
 TRANSACTION PROCEDURE CIF ASWP

Preliminary Procedure: Buyer issues CIS and Account Statement and signed JVA

1. Buyer issues Irrevocable Corporate Purchase Order with a copy of the signatory's
passport, BCL, CIS, TSA\CPA.
2. Seller issues Draft Sales and Purchase Agreement Contract for buyer's review and
signing. Buyer signs the Sales and Purchase Agreement Contract and sends it back to the
seller alongside.
3. Buyer issues Proof of funds RWA from their bank issued to the Seller’s bank
stipulating the readiness to issue the SBLC.
4. Seller sends signed contract and Partial POP documents to buyer as listed below:
• Certificate of Origin;
• Commitment to Supply;
• Product Passport;
• Statement of Availability of the product;
• Export license.
5. Buyer issues their Financial Guarantee in a form of SBLC (MT760) to cover a
shipment to seller's bank in 10 (ten) working Days.
6. Seller registers and legalizes the signed Sales and Purchase Agreement Contract.
7. If Buyer fails to issue SBLC in 10 (ten) working days, in alternative Buyer shall make
security Guarantee deposit of 2% (two Percent) from the total value of the first
shipment of the Contract to seller’s fiduciary bank account as Performance to secure
the allocation which will be deducted from the first shipment.
8. Seller signs the CPA with the shipping company and finalizes IMFPA with
beneficiaries.
9. Upon confirmation of Buyer's SBLC-MT760, Seller will issue 2% PB (Performance
Bond), FULL SET of POP documents and shipping documents via SWIFT bank-to-
bank as shown below:
(a) Product Allocation Export permit;
(b) Allocation of Title Ownership Certificate;
(c) Transport contract to transport product to loading port;
(d) Port Storage Agreement;
(e) Charter Party Agreement to transport the product to discharge port;
(f) Tank Storage Receipt;
(g) SGS Quality & Quantity Certificate;
(h) Bill of Lading;
(i) Vessel Questionnaire Q88.
10. Shipment commences and upon arrival of the vessel tanker at the discharged port,
buyer conducts SGS Inspection and makes payment for the full shipment on
Commercial Invoice via TT wire MT103 and seller issues all documents to the Buyer.
11. Seller injects product into the buyer’s storage tanks at discharge port and pays
beneficiaries via IMFPA as signed
by the Seller.