SCO EN590 10ppm PENGHERANG PORT

FOB TRANSACTION PROCEDURES PENGERANG PORT NON-SANCTIONED PRODUCT

Price EN590 10ppm: $460 Gross / $440 Net per MT

Commission $10 / $10 per MT

REFINERY FOB TRANSACTION PROCEDURES PENGERANG PORT.

1. Buyer sends official ICPO along with data page of Buyer scanned Passport and Company registration.

2. Seller issues commercial invoice (CI), Buyer signs and returns commercial invoice back to Seller.

3. Seller issues to Buyer the below (PPOP):

▪ Statement of Product Availability

▪ Commitment Letter to supply

▪ Product passport (analysis test report).

▪ Authorization to Sell and Collect (ATSC)

4. Upon Successful Verification of the product PPOP documents, Buyer requests 1-day Tank extension Invoice fee from Seller to enable buyer obtain TSR in buyer name and receive access permit, port clearance and authorization to dip test on seller’s Tank. Upon receipt of payment, Seller issues the following POPP documents to buyer.

▪ Tank Location, Hub number/ GPS Coordinate of Tank.

▪ Pipeline Injection Report

▪ Unconditional Dip Test Authorization (UDTA)

▪ Authorization to verify the product in seller’s tanks physical (ATV)

▪ Fresh SGS Report 48 hours

5. NCNDA/IMFPA will be signed among all parties involved.

6. Buyer options to conduct Dip Test on the product and makes the payment for the total value of product injected into the Buyers vessel/ Tank through the means of MT103-TT.

7. Seller pays commission to all intermediaries involved in the transaction and subsequently monthly shipment continues as per terms and conditions of the commercial invoice and

extension of transaction by issuing 12 months contract to buyer for proceeding

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