JET FUEL A1

Product Details

FOB ROTTERDAM WORKING PROCEDURE

TANK TO TANK

1) Buyer issue ICPO containing the seller's working procedure with banking details and scanned copy of buyer’s passport along with TSA Document.

2) Seller issues commercial invoice of the product in tanks at the port, buyer, and buyer`s logistics (TANK FARM) sign and return commercial invoice to seller.

3) Seller issue to buyer PPOP listed below:

a) (ATV) with access code and hub number in order to verify the product

b) GPS Coordinate-Tank Storage Receipt (TSR)

c) Injection Report

d) Unconditional Dip test authorization letter (DTA)

e) Authorization to sell.

f) Fresh SGS Report in Seller Tank.

4) Buyer inspected by SGS on buyer’s expenses and sent TSR.

5) Upon successful Dip Test in tanks, product will immediately be injected into Buyer's tanks. buyer pays via MT103/TT against Title Transfer Ownership on Bank to Bank, within 48 Hrs. seller pay to all intermediaries

NOTE THAT BUYER TANK FARM WILL REQUIRE A MINIUM OF 1 DAY TSR TO SIGN AND STAMP THE SELLERS’ CI. THIS IS A VERIFICATION THAT THE TANK FARM WILL ISSUE A AUTHORISATION TO INJECT INTO THEIR TANKS.

TANK TO VESSEL

1. Buyer issues ICPO addressed to seller alongside CPA.

2. Seller issues Draft Commercial Invoice for buyer's review and execution alongside Commitment Letter to Supply and Authorization to Sell and Collect.

3. Buyer reverts with signed copies of the CI. Upon receipt of these documents from buyer, Seller reverts with the Approved Countersigned copies of the Commercial Invoice and Dip Test Authorization (DTA) and SGS reference number.

4. Buyer upon receipt of the Approved Commercial Invoice and DTA, contacts Seller’s storage company with the details on the DTA within 48 hours to obtain the tank terminal clearance permission in order to conduct Dip test on product and upon successful clearance, seller issues the below POP Documents.

• Fresh SGS Report

• Product Passport (Quantity and Quality Analysis)

• Authorization to Sell and Collect Certificate

• Pipeline Injection Report

• Certificate of Product Origin

• Tank Reservoir Receipt

• Port Clearance Certificate

5. Upon receipt of the above POP Documents, buyer make available its SGS officials and conduct Dip Test in the seller’s tanks and upon a successful Dip Test, Submits its Q88 and Seller issues Title of Ownership Transfer Certificate.

6. Injection commences into buyer’s vessel while buyer makes payment of the total cost of product via MT103 (T/T Wire Transfer) and Seller within 24 hours upon receipt of buyer's payment pays allocated commission to all intermediaries

7. Seller issues a contract for buyer’s desired duration upon successful completion of the trial order. Subsequent monthly shipment continues as per terms and conditions of the sales and purchase agreement contract to be signed between buyer and seller.