LPG

KAZAKHSTAN ORIGIN.

LOOKING FOR BUYER WHO WANTS STABLE SUPPLIER.

TRANSACTION PROCEDURES FOR DIP & PAY JURONG PORT, SINGAPORE (WITH BUYER TSA or CPA, Q88)

1. BUYER ISSUES ICPO + PROOF OF FUNDS.

2. SELLER ISSUES COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN TANK IN JURONG PORT,

SINGAPORE. BUYER SIGNS AND RETURNS WITH VALID TSA(destination port) or CPA, Q88.

3. SELLER ISSUES BELOW PPOP DOCUMENTS

A. PRODUCT PASSPORT

B. COMMITMENT TO SUPPLY

C. TANK STORAGE RECEIPT (TSR)

D. COPYOF STATEMENTOF PRODUCT AVAILABILITY INTHE TANKOR VESSEL INJURONGPORT, SINGAPORE.

E. DTA (FOR ALL PARTIES SIGNATORY)

F. ATV

4. BUYER CONDUCT DIP TEST IN SELLER’S TANK AND SELLER PROVIDES THE BUYER WITH SGS REPORT & INJECTION REPORT. AFTER BUYER CONDUCT DIP TEST, BUYER EXTEND TANK FOR 5 DAYS (CAN ARRANGES TSA OR PAY DIRECLY TO STORAGE EXTEND COMPANY)

NOTE: UPON FULL PAYMENT MADE TO SELLER, BUYER CAN LOAD INTO BUYER’S VESSEL WITHIN 24 HOURS SHOULD BUYER EXCEEDS 24 HOURS, BUYER HAS TO PAY FOR SELLER’S TANK EXTENSION FEE DIRECTLY TO THE TANK STORAGE COMPANY.

5. NCNDA/IMFPA WILL BE SIGNED BY ALL PARTIES. WITHIN 24 HOURS AFTER SUCCESSFUL DIP TEST IN SELLER’S TANK, BUYER MAKES FULL PAYMENT FOR TOTAL COST OF PRODUCT INJECTED INTO BUYER’S VESSEL VIA MT103/TT INTO SELLER’S APPOINTED FIDUCIARY BANK ACCOUNT. SELLER TRANSFERS TITLE OWNERSHIP TO BUYER IMMEDIATELY UPON RECEIPT OF FULL PAYMENT FROM BUYER TOGETHER WITH ALL EXPORTATION DOCUMENTS REQUIRED BY BUYER FOR THE TRANSACTION.

6.UPON CONCLUSION OF THE FIRST LIFT TRANSACTION, SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION WITHIN 24 HOURS AND PROCEEDS WITH THE SIGNING OF A 12-MONTH’S CONTRACT WITHBUYNCNDA to be signed by all parties.