Delivery Procedures:

1. Buyer submits company profile and issues ICPO according to the Seller’s working procedure alongside CPA, via the Seller Mandate (Name will be Provided for ICPO)

2. Seller issues a commercial invoice of the product in tanks at the port. Buyer signs and returns the commercial invoice along with an acceptance letter.

3. Seller issues to Buyer the Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller, Buyer, and Seller’s injection company.

4. Upon return of the endorsed TTVIA, Seller releases to Buyer the following PPOP documents:

• Copy of Tank Storage Receipt (TSR)

• Copy of Commitment Letter to Supply

• Product Passport

• Certificate of Origin

5. Upon confirmation of the documents, Buyer makes payment for the injection of the product into Buyer’s vessel and immediately conducts Dip Test.

• Upon satisfactory result of the dip test on the product by Buyer and his team, Seller’s storage company issues to Buyer the Notice of Readiness (NOR) to inject the product.

6. Buyer issues Q88 and makes the vessel available for the injection process to commence as per schedule.

7. Upon completion of the injection, Seller releases to Buyer the following POP documents:

• Copy of Product SGS Report

• Copy of Injection Report

• Copy of Authority to Sell and Collect (ATSC)

• Copy of Product Passport (analysis test report)

• Copy of NCNDA/IMFPA

8. Buyer pays for the total cost of the product value injected into the vessel through MT103 TT wire transfer.

9. Seller transfers title of the product to the Buyer alongside all exportation documentation in relation to the petroleum product.