TERMS AND CONDITIONS FOB ROTTERDAM

1. Buyer issues its ICPO addressed to seller / title-holder

2. Seller issues Draft Commercial Invoice for buyer's review and endorsement

3. Upon receipt of the endorsed Commercial Invoice from buyer, Seller reverts
with Legalized and Countersigned copies of the Commercial Invoice

4. Buyer upon receipt of the Legalized Commercial Invoice provides seller with its
Tank Storage Agreement from a reputable Storage Company alongside Guaranty
Letter to provide seller with its shore space to receive product within 72 working
hours upon receipt of PPOP Documents

5. Upon receipt of buyer’s TSA and Guaranty Letter as stated above, seller
provides the below PPOP Documents

• Commitment and Assurance Letter to Supply

• Product Passport (Quantity and Quality Analysis)
• Notice of Readiness to Supply
• Statement of Product Availability

6. Upon receipt of the above PPOP Documents, buyer provides Authorization to

Verify Storage Availability from its storage company in order for seller's agent at
the port to verify same which will lead to issuance of the Full POP Documents as
stated below
• Pipeline Injection Report
• Fresh SGS Report / Analysis report
• Dip Test Authorization (D.T.A) (Optional)
• Certificate of Product Origin
• Authorization to Sell and Collect Certificate (ATSCC)
• Product Allocation Certificate
• Title of Ownership Transfer Certificate
7. Upon receipt of the above POP Documents, buyer inspects product in seller's
tanks and upon satisfactory inspection of product, provides its Tank Receipt to
seller for commencement of product injection. (Injection Fee to be paid by seller)

8. Upon receipt of buyer's TSR, injection commences into buyers tanks while
buyer makes payment of the total cost of product via MT103 (T/T Wire Transfer)

9. Seller within 24 hours upon receipt of buyer's payment pays allocated

commission to all intermediaries

10. 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.