¥ ¥ 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 Buyer sends ICPO on receipt of Seller's soft offer along with Buyer's CP, CIS, BCL, Tank storage agreement (TSA). Seller issues the below listed documents to the Buyer: a. Commercial invoice (C1), b. Statement of product availability Buyer sign and return the below listed document to the Seller: a. Signed commercial invoice, 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 (ATY) from its nominated tank farm for verification ~ tank reservation for 2/3 days with details b. Seller verifies the Buyer tank farm reservation ‘Then, Seller issues TSR, tank injection report (TIR) and DTA kicks in as condition of ATV is met. 4d. Other POP such COO ATSC will be issued based on Buyer needs. 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 afier dip test. b. Then, the Seller commences injection of the product into Buyers’ tanks. 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. Buyer pays via TI/MT103 in exchange for title that will include all product ‘ownership title documents. ‘The Seller confirms Buyer payment and Seller release payment to all intermediaries on each side that involved in the transactions. Contract begins with roll and extension.¥ TRANSACTION PROCEDURE CIF ASWP Preliminary Procedure: Buyet 10, rt sues CIS and Account Statement and signed VA Buyer issues Irrevocable Corporate Purchase Order with a copy of the signatory's passport, BCL, CIS, TSA\CPA 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 Buyer issues Proof of funds RWA from their bank issued to the Seller's bank stipulating the readiness to issue the SBLC. 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. Buyer issues their Financial Guarantee in a form of SBLC (MT760) to cover a shipment to seller’s bank in 10 (ten) working Days. Seller registers and legalizes the signed Sales and Purchase Agreement Contract. 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 ftom the first shipment. Seller signs the CPA with the shipping company and finalizes IMFPA with beneficiaries. 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; (8) Tank Storage Receipt, (g) SGS Quality & Quantity Certificate; (h) Bill of Lading; (i) Vessel Questionnaire Q88. 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. Seller injects product into the buyer’s storage tanks at discharge port and pays beneficiaries via IMFPA as signed by the Seller. ¥