1. Buyer Issues ICPO.

2. Seller Issues MOU (Memorandum of Understanding) For Title Take Over
3. Buyer Countersigns the MOU and Returns It Back To Seller

4. Seller Issues Pop Documents In The Buyer Companys Name as Listed Below:
(A). Bill Of lading
(B). Vessel Tanker Details Q88
(C). Product Passports
(D). Certificate Of Origin
(E). Payment lnvoice
(F). Export license Copy
(C). Commitment To Supply Letter
(H). Vessel (Eta) Estimated Time or Arrival
(l). Vessel (N.O.R) Notice Of Readiness
(J). Cargo Manifest
(l.). Ullage Report
(K). Guarantee letter to Supply

5. Upon Buyer Receipt Of The Documents, Buyer Verifies The Availability Of The
Product On High Sea And Makes Payment Of 5% By MTl03/72 or MTI99/MT799
Within 48 Hours For The Title Take-Over.

6. Upon Seller Receipt Of The Title Take-Over Payment. Seller Transfers The Title To The Potential Buyer Companys Name And Also Re-Issue All Other Outstanding Documents To The Potential Buyer Companys Name And Re-Route The Vessel To Buyers Destination Discharge Port.

7. Vessel Arrives the Discharge Port and Buyer Carries Out the Ciq/Sgs Inspection and Upon Successful Inspection, Buyer Makes Payment for Product by Mtl03.

8. Seller Pays All Intermediaries According To The Signed Ncnda/lmfpa In 48 Hours After Buyer Settle The Payment