TRANSACTION CONTRACT PROCEDURE (FOB)

1)Buyer Issue ICPO with his International Passport Copy (Data Page) to the Seller.

2)Seller issues commercial Invoice (CI) for the available quantity in the seller’s tank farm to the buyer. Buyer signs and return the CI to the seller with their signed tank storage agreement (TSA) for the seller’s verification and approval to enable seller issue the following documents to buyer’s tank farm.

Commitment to Supply

Certificate of Origin

Authorization to Verify (ATV)

Fresh SGS (not older than 48 hours)

Tank Storage Receipt (TSR)

ATS – Authorization to Sell

Injection Report.

Product Passport Analysis

Unconditional DTA

3)The buyer contacts his tank farm for the release of the documents for the buyer’s verification.

4)Upon successful verification buyer conducts inspection by SGS on buyer’s expense.

5)Seller issue NCNDA/IMPFA to all intermediaries involved in the transaction and to the Buyer.

6)Upon successful dip test of the product, buyer makes payment of the product via MT 103 and Seller transfer

Title Ownership to buyer