Quote from Kaijia Yu on May 15, 2025, 8:25 am

FOB TANK TO VESSEL/ TANK TO TANK

1. Buyer issues ICPO and Company Registration Certificate or any I.D. With TSA for Seller’s Verification.

2. Seller issue Draft Commercial Invoice, Buyer signs and returns to Seller with his Tank Storage Agreement.

3. Seller pays the Buyer’s tank farm for 4 days for the Injection Process, Buyer pays 1 days after the Tank Farm Company has received both payment from Buyer and Seller Company.

4. Seller provides Buyer with FULL POP Documents. A. Fresh SGS Report less than 48 hours

B. Dip Test Authorization-Unconditional

C. Injection Report

D. Tank Storage Receipt with GPS Coordinates

E. Tank Farm Bar-code Information

F. Letter of Commitment to Supply. G. Registration Certificate & Export License Copy

H. Authority to Sell & Collect (ATSC)

I. Endorsed Injection Schedule by the buyer & buyer Tank Farm

J. ATV – For Physical Verification. K. Irrevocable Commitment to Supply for Spot and 12 months Contract. L. Injection Schedule signed by Buyer & Buyer’s tank farm.

5. Buyer conducts Dip-Test in Seller’s tank, via SGS on Buyer’s expense, Seller injects the fuel To buyer’s tank and Buyer makes payment based on Q&Q by MT103 wire transfer / TT According to the final Commercial Invoice.

6. Seller transfers the title of ownership as per Buyer’s instruction. Buyer lifts the product.

7. Seller pays all intermediaries involved in the transaction and subsequently monthly contract Shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller

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FOB TRANSACTION PROCEDURE (TANK TO VESSEL)

1. Buyer sends ICPO with Acceptance Letter, Company registration Certificate along with Buyer’s Charter Party

Agreement (CPA) from their Logistic as Proof of Storage Availability and Readiness.

2. Seller issues Commercial Invoice for the Available Quantity in the Storage Tanks to Buyer.

3. Upon Buyer Logistic signed the Tank-To-Vessel Injection Agreement (TTVIA) and Seller provides to the Buyer,

with the other PPOP across the table in Buyer’s Designated Tank Farm office in Singapore and is exchanged with

Buyer’s TTVIA Document along with the following PPOP Documents:

A) Fresh 48hr SGS in Buyer Name

B) Letter of Guarantee

C) Product Passport

D) Injection Repor

E) Unconditional DTA

F) Statement of Product Availability

4. Seller issues Complete DTA and 5 Days Valid Tank Storage Receipt to Buyer, Buyer order SGS to conduct Dip Test

of the product in the Seller’s Tank on Buyer expenses and submit the Injection Report to the Buyer.5. Upon the successful Dip Test, Seller injects the fuel into the Buyer’s Vessel and Seller submits the Full Injection

report to the Buyer.

6. Buyer makes 100% Payment by MT 103 TT Wire Transfer for the Total Product to Seller Bank Account & Seller

pays commission to all Intermediaries involved in the transaction Within 24 hours