JET FUEL A1

FOB PROCEDURE 1. Upon acceptance of sellers offer, buyer issues purchase order[ICPO], Passport copy, License and TSA. 2. Upon acceptance of buyer ICPO seller issues commercial invoice for buyer’s review and signing of the trail lift order for the awarded allocation. 3. Buyer signs the commercial invoice and returns to seller 4. Seller lodge the sign commercial invoice with buyer license and buyer tank storage letter of readiness with the [Authority of Chamber of Commerce and Ministry], upon successful endorsement by the Ministry of Energy, Seller issues the POP documents as shown below; -Dip Test Authorization [DTA] -Fresh SGS Report -Q&Q Report-Ullage Report -Tank Storage Receipt -Tank Injection Report -Authorization to Verify 5. Seller commence injection to buyer tank storage, Buyer inspect by SGS. 6. Seller issues document to all intermediaries involved in the transaction and to seller/buyer. Endorsed NCNDA/IMFPA. 7. Buyer makes payment for the product via MT103 after completed injection and receiving copy of bill of lading and seller transfers title ownership to buyer and sign yearly contract delivery TANK TO VESSEL PROCEDURE 1. Upon acceptance of sellers offer, buyer issues purchase order [ICPO], Passport copy, License and CPA 2. Upon acceptance of buyer ICPO seller issues commercial invoice for buyer’s review and signing of the trail lift order for the awarded allocation. 3. Buyer and seller sign contract with a pipeline injection company and make payment for injection of product from seller tank to buyer vessel 4. Buyer signs the commercial issnvoice and returns to seller 4. Seller lodge the sign commercial invoice with buyer license and Q88 with the [Authority chamber of commerce and Ministry of Energy ], upon successful endorsement by the Ministry of Energy, Seller issues the POP documents as shown below; -Dip Test Authorization [DTA] -Fresh SGS Report -Q&Q Report-Ullage Report -Tank Storage Receipt -Tank Injection Report -Authorization to Verify 5. Seller commence injection to buyer tank storage, Buyer inspect by SGS. 6. Seller issues document to all intermediaries involved in the transaction and to seller/buyer. Endorsed NCNDA/IMFPA. 7. Buyer makes payment for the product via MT103 after completed injection and receiving copy of bill of lading and seller transfers title ownership to buyer and sign yearly contract Delivery CIF PROCEDURE 1. Buyer issues ICPO addressed to the Refinery official mandate. 2. Seller issues the Contract for amendment and countersigning as per mutual Agreement. 3. The seller forward to buyer’s secured email address the following Partial POP: i. Copy of Seller Company Registration document. ii. Copy of statement of availability of the product. iii. Copy of the refinery commitment to produce the product. iv. Certificate of Origin v. Certificate of Product Analysis (Passport) vi. Seller Transfer Title Allocation Ownership to buyer and the cost of executing this exercise is borne by Buyer ($350,000). 4. The seller swift to buyers banks the following Full POP documents: Copy of license to export, issued by the department of the ministry of energy i. Copy of approval to export, issued by the Department of the ministry of justice. ii. Copy of statement of availability of the product. iii. Copy of the refinery commitment to produce the product. iv. Copy to contract to transport the product to the port. v. Copy of the port storage agreement. vi. Copy of the charter party agreement(s) to transport the product to discharge port. vii. Copy of Tank Storage Receipt {TSR} 5. Seller issues 2% PB to activate buyer’s letter of credit or other acceptable means of payment as agreed on contract. 6. Upon verification of the above documents, buyer issues total cost of the first Month shipment through LC or any other acceptable means of Payment. 7. Delivery commences as per contract schedule and vessel arrives at buyer destination port. TTO PROCEDURE 1. Buyer issue ICPO upon receipt of seller offer through official Authorized mandate. 2. Seller and buyer signs Commercial Invoice (CI) and Memorandum of Understanding (M.O.U) for Title Take Over of the loaded cargo. 3. Upon signing of the (CI) & (M.O.U), seller issues to the buyer the following documents; A. Bill of Lading (On buyer Company’s Name) B Export License C Ullage ReportF D Cargo Manifest (Vessel Tracking Link) E. Authorization to Sale (ATS) H.. Certificate of Origin 4. Upon receipt of the above documents by the buyer, within 12 hours the buyer makes payment $350,000.00 USD via TTWIRE to secure the title transfer deed to enable vessel re-routing to the buyer's destination port and sign NCNDA/IMFPA. 5. Upon receipt of the above payment of the title transfer deed, the ownership certificate will be issued and the full set of proof of product along with shipping documents will be sent to the buyer while the vessel will be re-routed to the current buyer discharge port. (Direct End-Buyer, China Company). 6. Upon arrival of the vessel at the buyer discharge port. The vessel captain will hand over all the original pop documents to the buyer representative while buyer pays in full after positive SGS, CIQ or equivalent inspection at the discharge port via t/t wire transfer. (Direct End- Buyer, China Company). 7. Mandates/ intermediaries receive their commissions according to spot / TTO delivery.