TRANSACTION PROCEDURE FOB DIP & PAY ROTTERDAM

1. Buyer accepts seller working procedure and issue ICPO and BCL (via MT199)
to the End seller via Seller's
representative.

2. Seller issues ICC Warning letter and Buyer signs and returns ICC Warning
letter on due date.

3. The buyer sends with the TSA (Tank Storage Agreement) and also included
the authorization to use the leased
tank on behalf of the .......... CO., LTD as signed/stamped to the seller.

4. The seller signs the contract and sends it along with the PPOP documents to
the buyer for evaluation:
a) Product Availability Statement.
b) IPA (Injection Programming Agreement).
c) Letter of Guarantee.
d) Proforma invoice.

5. Upon receipt of the above PPOP Documents, buyer provide signed IPA
(Injection Programming Agreement)
with his tank company to engage injection Programming.

6. After Seller provides buyer ATSC, Fresh SGS, Injection Report and ATV
(Physical Verification) with
Unconditional DTA for Dip Test in seller tank for product reconfirmation before
injection to buyer tank. The
Buyer shall pay total amount of shipment value according to final Commercial
Invoice via T/T Wire Transaction
or MT103 within 24 hours

7. The buyer will ensure that 100% of the total product price is paid to the
seller's bank through his bank within 24
hours after the product is approved by the buyer. The Seller confirms the
Payment and releases the product on
behalf of the buyer.