JP 54 JET FUEL ; MAZUT M100 /75 ; D2 GAS OIL GOST 305-82

TERMS & TRANSACTION PROCEDURES:

• Buyer provides ICPO and TSA to show tank is secured for product injection or provide an

• acceptance letter to jointly lease tank with the seller trusted tank farm.

• Seller issue CI, product passport, commitment to supply, and product availability in storage

• reservoir to buyer and buyer signs and sends back the CI with an acceptance letter or copy of TSA.

• Seller and buyer shall jointly endorse the tank storage agreement (TSA) with the tank farm

• facilitator and pay for the tank lease if buyer has no secured tank for the injection of the product.

• Seller transports / injects the product into the hired tank and furnishes the buyer the TSR, SGS AND DTA to conduct the dip test.

• Upon successful dip test, buyer makes payment by MT**3 or TT wire transfer for the total product  Available.

• Buyer lifts the product. Seller pays all intermediaries involved in the transaction.

CI DIP AND PAY RUSSIAN PORT AND  ROTTERDAM PORT

1. SELLER ISSUES CI TO MAJOR BUYER, MAJOR BUYER COUNTERSIGNS AND RETURNS COMMERCIAL INVOICE AND COMMERCIAL PAY ORDER FOR COMPLETION AND LODGING WITH SELLER BANK.
2. BUYER SIGN'S TANK STORAGE AGREEMENT WITH THEIR PROSPECTIVE TANK PROVIDER AND SEND A COPY TO SELLER FOR OPEN COMMUNICATION AND VERIFICATION OF THE CHEMICAL COMPOSITION AND RELIABILITY OF THE STORAGE TANK
3. SELLER ISSUES PPOP DOCUMENTS AND SENDS TO MAJOR BUYER. ALSO, THE 
REFINERY ISSUES A LETTER OF UNDERTAKING THAT SHOULD THE REFINERY FAIL TO INJECT FUEL INTO THE MAJOR BUYER STORAGE TANKS AS PER THE AGREED DELIVERY SCHEDULE, THE SELLER WILL REIMBURSE THE MAJOR BUYER THE AMOUNT THAT THEY HAVE PRE-PAID FOR THE HIRE OF THE TANKS ONLY.

D.PRODUCT Q&Q ANALYSIS
E.PRE-INJECTION REPORT

4. MAJOR BUYER PROVIDES SELLER WITH SHORE TANK STORAGE FACILITY CO‐ORDINATES ALONG WITH THE SHORE TANK STORAGE RECEIPT (TSR) IN ROTTERDAM.

5. SELLER ISSUES TO THE MAJOR BUYER, NOR (NOTICE OF READINESS) TO COMMENCE PRODUCT INJECTION. MAJOR BUYER CONFIRMS READINESS. WITHIN *8HRS OF RECEIVING THE NOR, MAJOR BUYER CONTACTS THE TANK FARM TO FINALIZE THE DIP TEST. 
6. SELLER INJECTS FUEL INTO THE MAJOR BUYER NOMINATED SHORE TANK STORAGE FACILITY AND SELLER ISSUES DTA (DIP TEST AUTHORIZATION).

7. UPON RECEIPT OF THE DTA MAJOR BUYER CONDUCTS DIP TEST, SELLER PROVIDES ATS, MAJOR BUYER LIFTS, AND PAYS AT SIGHT VIA MT**3/TT. SELLER AND MAJOR BUYER SIGN SPA FOR DELIVERY FOB ROTTERDAM. 
8. SELLER PAYS INTERMEDIARIES INVOLVED AS PER COMMERCIAL PAY ORDER.

CIF PROCEDURE

1. BUYER ISSUE ICPO ADDRESSED TO THE SELLER (REFINERY)/SELLER

2. SELLER ISSUES DRAFT SPA FOR ALL PARTIES TO REVIEW AND ENDORSED ALONG WITH THE

NCNDA/IMFPA, BUYER SIGN AND SEND BACK WITH LETTER OF ACCEPTANCE.

3. SELLER LEGALIZE THE CONTRACT, SELLER AND BUYER WILL JOINTLY SIGN CHARTER PARTY AGREEMENT WITH THE SHIPPING COMPANY, AND BOTH PAY  FOR THE FRIEGHT COST TO THE SHIPPING COMPANY.

4. THE SHIPPING COMPANY ISSUE  Q*8/BILL OF LADING/VESSEL TANKER DETAILS/AND TERMINAL

5. SELLER SWIFT TO BUYERS BANK THE FULL PROOF OF PRODUCT (FULL POP) AND 2% PB.

6. BUYER ISSUE PAYMENT INSTRUMENT FOR THE TOTAL LIFT ABLE QUANTITY VIA DLC TRANSFERABLE OR NON-TRANSFERABLE

7. LIFTING COMMENCE, WITHIN *8 HOURS OF DELIEVRING SELLER RELEASE PAYMENT TO THE INTERMEDIARIES INVOLVED IN THE TRANSACTION