Ultra Low Sulphur Diesel(15ppm)

CIF TO ASWP AND PURCHASING PROCEDURE (KAZAKHSTAN-OLEG)

1. Buyer issues ICPO in acceptance of Seller's Soft Offer (SCO) along with CIS.

2. seller issues draft Sales and Purchase Agreement Contract and Commercial Invoice for Buyer's review and signing, attached with the Seller's D'LC MT'700 Format requirement.

3. The Seller/Seller's Bank verifies and confirm the working content of buyer draft D'LC MT'700 according to seller format, Buyer signs the Sales and Purchase Agreement Contract and Commercial Invoice and sends it back to the Seller.

4. If Buyer fails to issue D'LC MT'700 in 5 working days, in alternative Buyer shall make Security Guarantee Deposit of 3% via TT for Total Value of the Contract to Seller Bank account as Performance to secure the allocation which will be deducted from the first shipment.

5. Seller registers and legalises the signed SPA Contract. Seller sends legalised Contract and as listed below Partial POP Documents (the Buyer is the Consignee) to Buyer:

a) Certificate of Origin

b) Commitment to Supply

c) Product Passport

d) Statement of availability of the product

e) Export License

6. Upon confirmation of Buyer's D'LC MT'700 or Security Guarantee Deposit of 3% via TT 's Bank, the Seller's Bank must issue a transferable SB'LC of 2%PB of the goods value to the Buyer's Bank through the Bank to Bank system within 2 banking days. The Seller also shall send the complete POP documents and Shipping documents within 3 working days as follow:Â Â Â

f) Product Allocation Export Permit; .-Â

g) Allocation Title Ownership Certificate; -Â

h) Trans-Neft Contract to transport the product to the loading Port; -

i) Port Storage Agreement; -Â

j) Charter Party Agreement to transport product to the discharge Port; -

k) Tank Storage Receipt; -

l) SGS Quantity and Quality Certificate; .-

m) Bill of Lading; -

n) Vessel Questionnaire 88(Q88); -

o) Notice of Readiness; -

p) Insurance Policy; -

q) Cargo Manifests; -

r) Estimated Time of Arrival (ETA).

s) NCNDA/IMFPA (to be completed and signed by all parties involved in the transaction, then returned to the Seller for registration and legalisation).

7. After the ship arrives at the Buyer's Port of destination, the Seller and the shipping Agent Company shall send the documents required for China Custom Maritime filing to the Buyer's Freight Agent Company, cooperate with the Buyer's Freight Agent to complete the maritime filing and obtain the Port Entry Work Permit.

8. After the discharge of the Cargo into the Buyer's leased Tank and upon the successful completion of Dip-test inspection (CIQ), Seller submits documents to Buyer's Bank. The Buy er's Bank shall pay to the Seller's Bank not exceeding the total amount of the MT700 against the presentation of the documents.

If the final Price of the Cargo exceeds the total amount of the MT'700, the amount exceeding the total amount of the MT'700 shall be paid in the form of TT/ MT'103 Transfer.

9. After confirmation of payment by Seller's Bank, the Seller releases and pays the commissions of the Intermediaries mentioned in the NCNDA/IMFPA. And the Seller transfers Title Ownership Certificate to the Buyer's name as the legitimate Owner of the Cargo.