STANDARD PROCEDURE TANK TO VESSEL (TTV)

1. Buyer issues ICPO must be with buyer company letterhead containing the co-seller working procedure with
banking details scanned copy of buyer’s Passport data page Buyer’s for seller’s validation.

2. Co-seller issues a Commercial Invoice (CI) of the product, Sale purchase agreement (SPA),
NCNDA/IMPFA and the buyer signs and returns back to the co-seller.

3. Upon return of the endorsed CI, the co-seller release to the buyer the following Partial PPOP documents
under seller’s company name:

a. Authorization to Verify via Email/Telephone (ATV)

b. Passport of Product Analysis (Refinery Dip-Test report)
c. Notice of Readiness to inject (NOR)
d. Certificate of Origin (COO)
e. Tank Storage Receipt (TSR)

4. Within any stipulate time given of receiving PPOP, Buyer pays 4 days of tank storage extension costs
(250,000.00USD – Two hundred and fifty thousand USD). The payment of tank extension will only take
place after all PPOP documents are positively verified.

5. Tank Extension Cost to be made via TT/MT103 or any other fastest delivery method and directly to the
co-seller account and this extension fee will be deducted from the final quantity and total value of the
product invoice.

Note: Should the 4 days’ period be insufficient to fully discharge the cargo; Buyer needs to pay for further
tank extension.
6. The co-seller issues Dip Test Authorization (DTA) and access permit to allow buyer with the dip test /SGS
Inspection at seller tank as schedule by tank operator. Upon/after/before the satisfactory result of the dip
test, buyer provides Q88, CPA or ATI from logistics/Shipping Company and makes the Vessel available for
the injection process to commence as scheduled.

7. Co-seller & seller commences injection immediately into Buyer's Vessel, within and maximum 48 hours,
the Buyer remit the remaining balance (MT103 /TT). The seller issues all related final POP documentation
under buyer company name and Transfers the Title of Ownership certificate of the product to the buyer.

8. The co-seller pays all intermediaries involved in the transaction upon receipt of the payment within 24hrs
and Transfers the Title of Ownership certificate of the product to the buyer.

9. Buyer and co-seller discuss potential contract agreement after the first lift transaction successful.

Accepted and agreed by the Buyer:

Company seal:
Date: