VESSEL TO TANK (VTT) PROCEDURE

1. Buyer issue ICPO containing the sellers working procedure and banking details along with buyers nominated TSA, Company registration certificate and data page of buyers Passport.

2. Seller issues commercial invoice of the product in vessel buyer sign and return commercial invoice along with an acceptance letter.

3. Upon successful verification of TSA. Seller issue the following PPOP documents to buyer for verification of the product and vessel ownership.
* Product Passport Analysis test report
* Certificate of Origin
* Bill of Lading
* Tanker Vessel Q88 Document
* Vessel (NOR) Notice of Readiness
* Ullage Report
* Cargo Manifest
* Export Certificate Quality

Buyer verify the documents and provide confirmation of secured Storage Tank for one (1) day.

4. Seller Submit a copy of SGS Report together with customs declaration to buyer Tank Farm Company only to verify Report and the clearance.

5. Upon confirmation of the successful verification of the SGS Report by Buyer Tank Farm Company. Seller leases and pays the buyers tank for 3 days first and Buyer pays his Tank Farm Company additional 3 days after his Tank Farm Company has received the payments.

6. Upon arrival of the vessel buyer tank farm provide 7 days TSR for injection of the product.

7.After a successful injection seller issues following POP documents to buyer.
a) Q&Q Report
b) Injection Report.
c) Unconditional Dip test authorization letter (DTA)
d) Authorization to sell.
e) Fresh Update SGS Report 48 hours
f) Authorization to verify physically the product in Buyers tank (ATV).

8. Buyer conducts Dip test of the product and makes the payment for the total value of product injected into the tanks through the means of MT103-TT wire transfer

9. Seller pays all intermediaries involved in the transaction and subsequently monthly shipments continue as per terms and conditions of the sales and purchase agreement contract between buyer and seller.