Procedures as below:

1. Buyer issues ICPO must be with buyer company letterhead and buyer banking information.

2. Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals and returns the Draft Contract to

3. Seller for final endorsement. Seller gives Partial proof of products.
A. Refinery Commitment to Supply.
B. Certificate of Origin.
C. Statement of availability of product.
D. Product quality passport (Analysis test Report) By Kazakhstan standard ghost R.

4. Within 7 banking days, Buyer’s bank sends Irrevocable, Confirmed, SBLC via MT 760 or DLC via MT700 according to seller’s fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, Should buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $ 280,000 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, Seller’s Bank issues Full POP Documents to the Buyer’s Bank alongside with the 2% Performance Bond (PB).
A. Copy of license to export, issued by the
department of the Ministry of Energy, Kazakhstan.
B. Copy of Approval to Export, issued by the Ministry of Justice, Kazakhstan.
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 88.
I. Copy of Bill of Lading.
J. SGS Report at loading port.
K. Dip test Authorization (DTA) & ATB
L. NOR /ETA
M. Certificate of Ownership Transfer.
N. Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.

5. Shipment commences as per contract schedule.

6. Upon arrival of vessel at discharge port, buyer conducts SGS Inspection and makes full payment via MT103/TT for one
month shipment within 5(five) days after CIQ or SGS at the destination port.

7. Seller pays commission to Intermediaries according to NCNDA/IMFPA signed by all parties within 48 hours upon receiving payment from buyers bank. The following shipment proceed accordingly for subsequent twelve (12) months.