JET FUEL A1

TANKER TO VESSEL

TRANSACTION PROCEDURE NON NEGOTIABLE

1. BUYER ISSUES ICPO AND COMPANY REGISTRATION CERTIFICATE ALONG WITH BUYER CHARTER PARTY AGREEMENT CPA FOR SELLERS VERIFICATIONS AND APPROVAL.

2. SELLER ISSUES THE COMMERCIAL INVOICE (CI) AND BUYER SIGN AND RETURN THE COMMERCIAL INVOICE TO SELLER. SELLER THEN ISSUES SGS REPORT THAT WAS DONE ON THE PRODUCTS AT THE RESERVIOR TANK TO BUYER FOR VERIFICATION. BUYER THEN EXTENDS SELLERS TANK TO ENABLE SELLER/BUYER CONDUCT FRESH SGS DIP TEST ON THE PRODUCT.

3. UPON SUCCESSFUL DIPTEST, THE SELLER ISSUES THE FOLLOWING DOCUMENTS OF THE PRODUCT.

A. PRODUCT PASSPORT (QUANTITY & QUALITY ANALYTICAL REPORT)

B. TANK STORAGE RECEIPT (TSR) WITH GPS COORDINATES, AND TANK

C. PIPEGY TRANSFER ANALYSIS REPORT (PETAR)

D. CERTIFICATE OF ORIGIN

E. INJECTION REPORT

F. AUTHORIZATION TO VERIFY (ATV)

G. AUTHORIZATION TO SELL AND COLLECT (ATSC)

H. UNCONDITIONAL DIP TEST AUTHORIZATION LETTER (UDTA).

I. FRESH SGS REPORT OF 24/48 HOURS OLD (COST OF SGS INSPECTORS SERVICES TO BE PAID BY SELLER)

4. THE BUYER VERIFIES THE FULL POP AND CONDUCT DIP-TEST AGAIN IF NEEDED, BUYER SENDS Q88 TO SELLER. THE SELLER PREPARES THE PORT CLEARANCE FOR BUYER’S VESSEL TO ENTER THE PORT.

5. SELLER INJECTS THE FUEL INTO BUYER’S VESSEL AND TRANSFERS THE TITLE TO BUYER.

6. SELLER ISSUES INVOICE FOR THE FULL CARGO PAYMENT, BUYER PAYS INVOICE WITH MT-103/TT.

7. SELLER PAYS COMMISSION TO ALL INTERMEDIARIES.