Procedures as below:

CIF TRANSACTION PROCEDURES
1. Buyer issues ICPO must be with buyer company letterhead, company profile and passport data of the representative.

2. Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, and returns the Draft Contract to Seller for final endorsement. Seller gives Partial proof of products.
(a) Seller Irrevocable Commitment to Supply.
(b) Statement of availability of product.
(c) Certificate of origin.
(d) Commercial invoice for the first value shipment.

3. Within 10 banking days, Buyers bank sends Irrevocable Operative SBLC via MT760 or DLC via MT700 according to sellers fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, should buyer fail to issue payment instrument within 10 banking days, buyer will make cash deposit of $420,000USD by TT wire transfer for security guarantee to enable seller charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port, or legal action will be taken against buyer for default.

4. Sellers Bank issues Full POP Documents to the Buyers Bank alongside with 2% Performance Bond (PB2%). a) Copy of license to export, issued by the Ministry of Energy, Kazakhstan Republic. b) Copy of Approval to Export, issued by the Ministry of Justice, Kazakhstan Republic. c) Copy of statement of availability of the product.
d) Copy of the refinery commitment to produce the product.
e) Copy of Transnet contract to transport the product to the loading port.
f) Copy of the port storage agreement.
g) Copy of the charter party agreement to transport the product to discharge port.
h) Copy of Vessel Questionnaire Q88.
i) Copy of Bill of Lading.
j) SGS Report at loading port.
k) Dip test Authorization (DTA)& ATB I) NOR /ETA.
l) Certificate of Ownership Transfer.
m) Certificate of Ownership Transfer.
n) Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.

5. Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyers discharge port within 5-24 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.

6. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS or equivalent at destination port.