Product Description

OFFICIAL FOB PROCEDURE

1. Buyer sends ICPO to Seller on receipt of Seller's Soft Offer along with tank storage agreement (TSA) as proof of storage availability. 2. Seller issues commercial invoice CI, with ICC letter for the available quantity in the storage tank to Buyer, Buyer Signs and returns to Seller with scan passport copy/ NCNDA/IMFPA signed by all buyer groups with commission structures, 3. Seller issues, Dip Test Authorization letter sign by all parties including buyers tank farm for proof of readiness. 4. Seller Approve the DTA attached with fresh SGS Report and Tank receipt to buyer , Buyer order SGS to conduct Dip test of the product in the Seller's Tank on buyer expense. 5. Upon successful dip test, Buyer provide vessel details or Tank details, Seller shall immediately submit the full Proof of Product (POP) to the Buyer, Injection of the product proceed. 6. Buyer make **0% payment by MT**3 TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within *4 hours after confirmation of buyer's payment 7. Seller issues draft Contract to buyer to review for R&E monthly deliveries.

8.Buyer review and approves the contract and issues SBLC/IRDLC irrevocable, non transferable, auto revolving for *2 months shipment value, documentary letter of credit for length of contract and for each lift-able as schedule. Buyer pays after dip test by MT **3 wire transfer on each monthly quantity. 9. The subsequent delivery shall commence according to the terms and conditions of the contract, and mandates / intermediaries receive their commissions according to monthly deliveries.

OFFICIAL CIF PROCEDURE

1. Buyer sends LOI or ICPO to seller, seller responds with FCO, buyer sign and return.

2. Seller will revert with Draft Contract address to Buyer Company.

3. Buyer review and signs on each page of full Draft Contract and return to Seller.

4. Seller registers and legalize the full Draft Contract with the Russian ministry on seller's cost and sends hard copies of registered and legalized Draft Contract along with Notarize partial POP to Buyer or buyer's bank by courier as stated below.

A. Certificate of Origin of the product

B. Company Registration

C. Statement of Product Availability

D. Export License

E. Certificate Federal service of Russia for foreign and export

F. Approval to Export by Ministry of Justice

G. Certificate of Conformity.

H. Commitment to produce the product

I. Attestation of allocation certificate

J. Bill of lading /Q*8

K. Analytical report, fresh SGS

6. Upon the confirmation received of the partial POP to buyer's bank, Buyer Bank swift stand by Letter of Credit or DLC . (DLC OR SBLC Conditional).

7. After confirmation of the buyer payment instrument, Seller will issue to Buyers bank the full Shipment documents / full Proof of Product (POP) Plus 2% Performance Bond via swift bank to bank Upon acceptance of buyers payment instrument (DLC OR SBLC) covering the first trial shipment by seller,

8. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the Discharge Seaport.

9. Shipment commences as per contract.

*0. Buyers bank upon arrival of the cargo at the discharge port, payment will be made for the arrival Cargo shipment by the buyer via MT**3 **0% after SGS Inspection at Discharge port.

*1. Seller will release payments to the intermediaries involved according IMFPA within *8 hours of receiving Payment for the product from the Buyer's bank, second shipment proceed accordingly.