TRANSACTION PROCEDURE CIF ASWP, FOB ROTTERDAM & FUJAIRAH

We “END SELLER from Europe and Middle East 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 ROTTERDAM–FUJAIRAH DIESEL FUEL EN590-10PPM

Maximum Quantity – 300,000 MT

Minimum Quantity – 100,000 MT
Loading port of Rotterdam ( Netherlands ) or port of Fujairah (UAE)
FOB Rotterdam, TTT, TTV Price – $ 600 USD/MT + JVA $ 35 USD/MT
FOB Fujairah , TTT, TTV Price – $ 590 USD/MT + JVA $ 35 USD/MT

CIF ASWP DIESEL FUEL EN590-10PPM

Maximum Quantity – 300,000 MT

Minimum Quantity – 100,000 MT
CIF ASWP (ex. China ports) Price: $ 570 USD/MT + JVA $ 35 USD/MT
 TRANSACTION PROCEDURE FOB ROTTERDAM TANK TO TANK

Preliminary Procedure Buyer issues CIS and Account Statement and signed JVA

1. The Buyer issues an official ICPO containing the Seller's procedure with banking
details and company certificate of incorporation, CIS, BCL, TSA.
2. The Seller verifies the Buyer's ICPO with company profile and sales issue
commercial invoice CI of the product in tanks at the port, the Buyer and the Buyer's
Tank farm company signed dualy and sealed - this will be verified by information
department to determine validity via open communication with the Buyer tank farm
company.
3. The Seller issues the below PPOP documents to the Buyer's secured email for
verification.

a) GPS coordinate- tank storage receipt (TSR).

b) Injection report.
c) Dip test authorization letter (DTA).
d) Authorization to sell and collect.
e) SGS report.
f) Authorization to verify the product in the Seller tank (ATV).

4. The Buyer inspects by SGS on the Buyer's expenses and send to the Seller TSR after
receipt of successful Dip test report is received.
5. Seller issues the following documents to Intermediaries and the Buyer endorsed
NCNDA/IMFPA.
6. Upon successful Dip test in tanks, product will immediately be injected into Buyer's
tanks.
7. The buyer makes payment for the product via MT103 in exchange for title.
8. Seller within forty-eight (48) hours, the Seller pays commission to intermediaries
involved in the transaction as per NCNDA/IMFPA.
9. Contract begins with roll and extension.

Price: EN590 10ppm - 600$+JVA 35$

 TRANSACTION PROCEDURE FOB ROTTERDAM TANK TO VESSEL

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

1. Buyer issues ICPO addressed to Seller's representative with Seller’s procedure

incorporated on it, Buyer’s company details, banking details, passport copy with
letter confirming readiness, wiliness and capability to carry out the transaction CIS,
BCL, Buyer’s charter party agreement (CPA).
2. Seller issues commercial invoice (CI) for the available quantity of product in
Seller’s leased Tank to Buyer.
3. Buyer signs and returns the commercial invoice along.
4. Seller issues to Buyer Tank-to-Vessel injection agreement (TTVIA) to be endorsed
by both Seller, Buyer and Buyer’s logistic company.
5. Upon returned of the endorsed TTVIA, Seller release to Buyer the following PPOP
documents:
a. Commitment letter to supply;
b. Export license;
c. Tank storage receipt TSR;
d. Authorization to verify ATV (through call or email);
6. Buyer contacts the Seller’s leased storage company to verify the availability of the
product and to obtain access to enable Buyer and his inspection team to conduct dip
test on the product in the Tank.
7. Seller issue DTA for Buyer to proceed of the dip test upon confirmation of Buyer
securing legal access to the product.
8. Buyer and his SGS inspection team conduct dip test on the product in the Tank.
9. Upon satisfactory result of the dip test, Seller’s storage company issue to Buyer, the
notice of readiness (NOR) to inject the product.
10. Buyer provides Q88 and ATI from his logistic company and also make available the
Vessel for the injection process to commence as schedule.
11. Upon completion of the injection, Seller releases to Buyer the below POP
documents:
a. Product SGS report;
b. Pumps/pipeline injection report;
c. Authority to sell and collect (ATSC);
d. Product passport (Analysis test report);
e. Certificate of origin;
f. NCNDA/OMFPA.
12. Buyer immediately pays for the total cost of the product value injected into the
Vessel through MT103/TT wire transfer.
13. Seller upon receipt of the payment, pays intermediaries involve in the transaction.
14. Seller issues title change/transfer of product to Buyer.
15. Contract begins with roll and extension.

Price: EN590 10ppm - 600$+JVA 35$

 TRANSACTION PROCEDURE FOB FUJAIRAH TANK TO TANK

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 intermediaries on each side
that involved in the transactions.
8. Contract begins with roll and extension.

Price: EN590 10ppm - 590$+JVA 35$

 TRANSACTION PROCEDURE FOB FUJAIRAH TANK TO VESSEL

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

1. Buyer issues ICPO addressed to Seller's representative with Seller’s procedure

incorporated on it, Buyer’s company details, banking details, passport copy with letter
confirming readiness, wiliness and capability to carry out the transaction, CIS, BCL, Buyer’s
charter party agreement (CPA).
2. Seller issues commercial invoice (CI) for the available quantity of product in Seller’s leased
Tank to Buyer.
3. Buyer signs and returns the commercial invoice along.
4. Seller issues to Buyer Tank-to-Vessel injection agreement (TTVIA) to be endorsed by both
Seller, Buyer and Buyer’s logistic company.
5. Upon returned of the endorsed TTVIA, Seller release to Buyer the following PPOP
documents:
a) Commitment letter to supply;
b) Export license;
c) Tank storage receipt TSR;
d) Authorization to verify ATV (through call or email);
6. Buyer contacts the Seller’s leased storage company to verify the availability of the product
and to obtain access to enable Buyer and his inspection team to conduct dip test on the
product in the Tank.
7. Seller issue DTA for Buyer to proceed of the dip test upon confirmation of Buyer securing
legal access to the product.
8. Buyer and his SGS inspection team conduct dip test on the product in the Tank.
9. Upon satisfactory result of the dip test, Seller’s storage company issue to Buyer, the notice
of readiness (NOR) to inject the product.
10. Buyer provides Q88 and ATI from his logistic company and also make available the Vessel
for the injection process to commence as schedule.
11. Upon completion of the injection, Seller releases to Buyer the below POP documents:
a) Product SGS report;
b) Pumps/pipeline injection report;
c) Authority to sell and collect (ATSC);
d) Product passport (Analysis test report);
e) Certificate of origin;
f) NCNDA/IMFPA
12. Buyer immediately pays for the total cost of the product value injected into the Vessel
through MT103/TT wire transfer.
13. Seller upon receipt of the payment, pays intermediaries involve in the transaction.
14. Seller issues title change/transfer of product to Buyer.
15. Contract begins with roll and extension.

Price: EN590 10ppm - 590$+JVA 35$

 TRANSACTION PROCEDURE CIF (ex. China ports)

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

1. Buyer issues Irrevocable Purchase Order, CIS, BCL/MT799 as Proof of funds, copy
of their TSA/CPA.
2. Seller issues Draft Sales and Purchase Agreement Contract for buyer's review and
signing. Buyer issue Proof of funds and RWA from their bank issued to the Funder
Company stipulating the readiness to issue the SBLC.
3. Buyer signs the Sales and Purchase Agreement Contract and sends it back to the
Seller.
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 and finalizes IMFPA with beneficiaries.
9. Seller signs the CPA with the shipping company and issues the FULL POPs
document to buyer’s bank as listed 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.
Price: USD 570/MT + JVA 35 TBA