Jet Fuel (JA1 or JP54)

FOB ROTTERDAM PROCEDURE 1

1. Buyer accepts seller working procedure and issue ICPO.

2. Seller issues commercial invoice (CI) and Buyer sign and return back commercial invoice along with Buyer’s Tank Storage Agreement (TSA).

3. Seller provide buyer with the below listed PPOP.

A. Product Passport (product analysis report)

B. Certificate of origin of the product

C. Commitment Letter to Supplier

D. Tank Storage Receipt (TSR)

E. Tank to Tank Injection Agreement (TTIA) to be signed by Buyer's tank farm

4. Seller provides buyer with SGS report, Injection Report, unconditional DTA

5. (NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in seller's tank provide Tank Storage Receipt (TSR) seller proceed for Tank to Tank Injection and provide buyer with the injection report of the product into buyer tanks.

6. Buyer make payment for total cost of product injected into buyer tanks via MT103, Seller transfer title ownership to buyer with all exportation documents required of buyer for the transaction.

7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and proceeds with the signing of contract with Buyer.

FOB ROTTERDAM PROCEDURE 2

1. Buyer accepts seller working procedure and issue ICPO addressed to Seller's representative.

2. Seller verifies and issues Commercial Invoice to Buyer. Buyer countersigns the document and return to seller with their signed Tank Storage Agreement (TSA)

3. Upon successful verification and approval of buyer’s TSA, Seller issues:

A. Dip Test Authorization document (DTA)

B. Commitment to supply

C. Statement of product Availability

D. Certificate of origin of the product.

E. ATV sent to buyer's nominated logistics company to verify the product at the port and provide buyer with the coordinates, tank number, location, full allocation status details all required columns of the Dip Test Authorization document.

4. Buyer proceeds to conduct dip test in seller’s Tank, upon return of the fully completed and signed DTA document by buyer and their logistic company.

5. Seller Approves the DTA and attach with fresh SGS Report and NCNDA/IMFPA Form. Buyer orders their SGS to conduct Dip Test of the product in the Seller's Tank at Buyer's expense.

6. Buyer conducts dip Test in seller tank and immediately Inject the product into their leased ex shore tank or vessel and seller issues Full POP to buyer and endorses NCNDA/IMFPA dully signed by all Parties.

7. Buyer makes payment by MT103 or TT wire transfer for the total product available.

8. Buyer Lift the product and Seller Pays all intermediaries Involved in the Transaction