FOB TRANSACTION PROCEDURES VOPAK TO VOPAK

1. Buyer Sends CIS, ICPO and letter of Authorization of their purchasing product to Seller for verification and Processing

2. The seller submits buyer files to Vopak Terminal Manager.

3. Vopak TerminaI Manager send Vopak Agreement to buyer through the seller. Buyer within 48 hours sign and return the Vopak Agreement through the seller.

4. Buyer finalizes the Vopak Terminal Protocols cost through the supplier with the Vopak Terminal Manager, and obtain the following and submit the same to the seller as listed below. Vopak Barcode, Vopak Registration information, and Vopak Reference Code

Format of Authorization Form to accompany the information. LETTER OF AUTHORIZATION:
We, (Buyer Name), with registered Office, at (Address). represented by Mr. (Signatory person), with Passport number XXXXXXXX. Owner of Barcode code at Royal Vopak Rotterdam, with contract reference number XXXXXXX

NB: Immediately buyer complete the above process and receives Vopak Reference through Vopak Botlek Europort Terminal Manager, buyer will have access to communicate directly to Vopak Manager with the help of the Reference code assigned.

5. The seller, sends Cl for Buyers endorsement. Buyer signs the Cl and retune back within 24 hours of receiving alongside side with Sign Letter of Authorization.

6. The seller gives Buyer Full POP documents along with fresh SGS (less than 48 hours’ one-time official confirmation mail from SGS official).
• Fresh SGS Report or Saybolt (Not later than 24 =72 hours)
• Tank Storage Receipt (TSR) with GPS Coordinates of where the Tanks/Vessel are located.
• Injection Report Agreement
• Authorization to Sell
• Authorization to verify the product in the tank (ATV)
• Country Certificate of Origin
• Approved Dip Test Authorization (DTA)
• Availability of Product,
• Commitment to Supply

7. After verification of full POP by buyer, injection begins.

8. Upon completing the Injection, the seller transfers title to buyer.

9. Buyer makes full payment after via MT103, the seller pay commission to the intermediaries.

Note: This offer is subject to submit the VOPAK account information along with the Required Documentation. Prices are subject to change and negotiation due to market price uncertainties.