Jet Fuel A1 Storage Receipt Tank Storage Receipt Injection Report Product Injection Report Product Origin Product Certificate Of

FOB TTV / TTT PROCEDURES

1

Buyer issues an ICPO addressed to the Seller that incorporates the Seller's procedure. The ICPO must include the buyer's company details, banking details, and passport copy.

2

Seller sends a commercial invoice contract agreement to the buyer indicating the available quantity of the product in the leased tank and a letter of Performance. The buyer signs and returns the commercial invoice and the Letter of Performance.

3

The Seller allocates the product to the Buyer and provides the Buyer with the proof of the product listed below:

1. Product Certificate of Quality
2. Commitment Letter to Supply
3. ATSC – Authorization to Sell & Collect
4. Letter of Allocation Approval

4

The buyer issues a BCL via MT-199 or MT-799 bank to bank within 3 days after the seller allocates the product to the buyer and issues the PPOP, for the seller to confirm the buyer's financial ability to make the purchase

4(a)

In the event that the buyer's MT-199 or MT-799 is not issued or received within the specified time period, they will affect payment in the amount of USD150,000 via MT103, as a Procurement Guarantee (PG) in order to receive Authorization Letter and Access to seller’s tank for product Physical inspection, TTM, Dip test and Product lifting. This Procurement Guarantee payment also serves to confirm the buyer's financial capacity to complete the purchase. The amount for the (PG) will be deducted from the product total value.

5

The following proof of product document will be provided to the buyer. All intermediaries must sign the NCNDA/IMFPA.

1. Fresh SGS report or equivalent not less than 48-72 hours
2. Product Injection Report
3. Tank Storage Receipt
4. Authorization to sell and collect certificate
5. Port clearance authorization
6. Product certificate of origin
7. Unconditional dip test authorization to enable buyers Chemist/SGS team to conduct dip test for product quality and quantity in the seller’s leased tanks
8. Proforma invoice for product total value

6

The buyer provides the necessary information of their chemist company/inspection team to conduct a physical inspection, TTM, sample collection, and dip test. (OPTIONAL)

6(a)

The seller issues an Authorization with Tank Location Coordinates and Terminal access in VTTI, granting the buyer's chemist company/inspection team access to conduct product physical verification and a dip test in the seller's leased storage tank at the port.

7

Product injection into the buyer's storage facility will commence.

8

Upon completion of the product injection, buyer makes the full payment of the total product value, via MT103-T/T, to the seller within 1-2 banking days and upon confirmation of the product payment, The seller company transfers the Title of Ownership and all exporting documents of the Product to the buyer's company or their bank for record-keeping and customs purposes.

9

Seller pays commission structure via MT103-T/T, within 1-2 banking days in accordance with the signed [NCNDA/IMFPA] to agents, intermediaries involved

10

Subsequently, monthly delivery continues according to the terms of the commercial invoice and the transaction is extended by issuance of a 12-month contract with possible R&E by the seller