TRANSACTION PROCEDURE: FOB (Non-Negotiable)

1. Buyer issues ICPO on company’s letterhead, company details, banking details, passport copy and with Seller’s procedure, along with buyer’s Tank Storage Agreement (TSA) from buyer’s Logistic Company.
2. Seller receives and verifies buyer’s ICPO with other buyer’s details. When satisfied with the verification, seller issues a Commercial Invoice (CI) for the product in seller’s tank in the port terminal for buyer’s review and endorsement.
3. Buyer reviews, endorses, and returns the endorsed Commercial Invoice (CI) to seller.
4. Seller verifies the Tank Storage Agreement and Tank Storage Receipt (TSA and TSR) provided by the buyer. Upon successful verification and approval of the authenticity and availability of the Storage Facility reserve in favor of the buyer. Seller releases the below POP documents directly to end buyer’s secure email.
   • Legalized Commercial Invoice.
   • Commitment to Supply.
   • Fresh SGS (Not Older Than 48 hrs.).
   • ATS -Authorization to Sell & Collect.
   • LAuthorization to Verify (ATV).
   • Dip Test Authorization (DTA).
   • Commitment Letter to Supply.
   • Export license.
   • Statement of Product Availability.
   • Tank Storage Receipt (TSR) with barcode and GPS Coordinate.
   • NCNDA/IMFPA
5. The Buyer Conducts Dip Test in the product in the seller's reservoir.
6. Buyer provides Authority to Inject (ATI) from its Logistic Company to enable seller commence Injection of Product into the Buyer's Tank.
7. Within Twenty-Four (24) Hours upon completion of the Injection, buyer makes payment for the total cost of the product injected into buyer’s tank by TT wire transfer to seller’s nominated bank account.
8. The seller transfers the Title Ownership to the buyer.
9. The seller pays commission to all the Intermediaries.

TRANSACTION PROCEDURE: CIF

Note: Buyer must prove his / her ability to receive, store, and transport cargo, while seller must be a title holder.

1. Buyer accepts Seller's Transaction Procedure as stated herein without any change and issue ICPO with the following Documents: CIS on buyer's company letterhead and BCL or POF on buyer's bank letterhead and Letter of Acceptance Stating to Adhere to Seller's Transaction Procedure.
2. Seller acknowledges Buyer's ICPO and issues CONTRACT Draft to the Buyer open for amendment. Buyer Reviews & Signs mutually accepted CONTRACT and return the FINAL CONTRACT to the Seller in WORD FORMAT within 4 Working International days.
3. Seller makes the Final Signature and Converts the CONTRACT to PDF. Buyer signs the NCNDA/IMFPA and returns to Seller for final endorsement.
4. Seller Registers and Notarizes the FINAL CONTRACT at Seller's Expense.
5. Seller sends to Buyer as FINAL APPROVED SIGNED CONTRACT in PDF along with below SOFT PERFORMANCE GUARANTEE POP Documents:
   • a) Commitment Letter to Supply Product
   • b) Statement Of Availability of Product
   • c) Export License issued by Kazakhstan Republic
   • d) Seller Certificate of Incorporation / Registration
6. Buyer’s Bank issues Standby Letter of Credit (SBLC) SWIFT MT760 in U.S Dollars for the Value of the First Shipment to Seller's Approved Fiduciary Bank Coordinate in a Seller/Seller's Bank acceptable format, within 5 Working Days of Buyer receiving Final Approved Contract in PDF Format along with Soft Performance Guarantee POP Documents to enable Seller Loading of Product commencement with the Shipping Company and Release Full Set of POP Documents via Bank-toBank SWIFT within Seven (7) Working Days.
   NOTE:
   • 1) The Seller’s Approved Fiduciary Bank Coordinate for the SBLC SWIFT MT760 issuing is provided In the Seller Proforma Invoice.
   • 2) If Buyer fails to Issue SBLC SWIFT MT760 within 5 Working Days, alternatively, Buyer must pay Provisional Guarantee Performance of 10% the cost of first shipment value via MT103 TT to Seller Fiduciary Bank Coordinate within 72 Hours. The Amount will be deducted from the product face value on final payment after offloading at discharge port.
7. Within Three (3) working days of Seller's Fiduciary Bank receiving the Buyer's Standby Letter of Credit (SBLC) SWIFT MT760, the Seller's Fiduciary Bank issues 2% Performance Bond (PB) in U.S. Dollars of the first shipment value and in favor of buyer's bank account as detailed and mutually agreed in the signed contract. NOTE: The 2% PB will not be issued by Seller for the Provisional Guarantee Performance alternative payment of 10%.
8. Upon Seller's Fiduciary Bank successful receipt of Standby Letter of Credit (SBLC) SWIFT MT760 from Buyer's Bank and Buyer's Bank receipt the 2% PB from Seller's Fiduciary Bank, Seller loads the product within Seven (7) International Banking working days and send the POP documents in buyer's company name to buyer via bank to bank and a copy via e-mail to buyer and representative.
   • a) Certificate of Origin
   • b) Product Passport
   • c) ECommercial Invoice
   • d) Company Taxpayer Certificate
   • e) Fresh SGS Report of Quality and Quantity
   • f) Tank Receipt
   • g) Vessel Q88
   • h) Bill of Lading
9. Buyer notifies Seller by official written notice of his Bank receiving Seller's POP documents while Seller sends to the Buyer the Registered Hard Copy of the Contract through courier service within Three (3) Working days.
10. Shipment commences as scheduled in the contract and upon arrival of the cargo at the Discharge Port, Buyer's Inspection Team carries out SGS equivalent or equivalent inspection to ascertain Quality and Quantity.
11. After successful SGS inspection by the Buyer, the product is discharged into Buyer's storage facility. Buyer's Bank release payment in U.S. Dollars for total value of product based on SGS report to Seller's Fiduciary Bank Coordinates within 72 hours by TT MT103 or Bank-to-Bank transfer. Seller shall pay the commission per NCNDA/IMFPA to the Intermediaries involved in the transaction within one (1) to three (3) Bank Working days.
12. The Second and succeeding shipments continue as per the Contract.

Note:Buyer must prove his / her ability to receive, store, transport cargo, while seller must be a title holder.