Date: 18/01/2025

Validity: 6 Months
To: Buyer Representatives

TERMS OF TRANSACTION:
TRANSACTION PORT: ROTTERDAM / HOUSTON/ FUJAIRAH / SINGAPORE
PAYMENT TERM: MT103, T/T WIRE, SBLC, DLC, TELEGRAPHIC TRANSFER
ORIGIN: KAZAKHSTAN
INSPECTION: ANY UNIVERSALLY ACCEPTED Q&Q INSPECTION COMPANY
DELIVERY PORT: BUYER DELIVERY PORT
COMMISSION: TO BE SHARED 50% EACH BY BOTH SIDES

ULTRA‐LOW SULPHUR DIESEL EN590 10PPM

Minimum Quantity: 20,000 metric tons Maximum Quantity: 500,000 metric tons

FOB price: GROSS USD $469.20 MT / NET: USD $459.00 CIF Price: GROSS USD $479.40 MT /
NET: USD $ 469.20

DIESEL GAS D2 OIL

Minimum Quantity: 100,000 Metric Tons per Month Maximum quantity: 500,000 Metric Tons
per Month

FOB Price: Gross USD $326.40MT NET / USD $321.30 CIF Price: Gross USD $336.60MT NET /
USD $326.40

MAZUT M100

Minimum Quantity: 10,000 Metric Tons per Month Maximum quantity: 500,000 Metric Tons
per Month FOB Price: Gross USD $326.40 / USD $316.20 CIF Price: Gross USD $336.60/ USD
$326.40

AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL

Minimum Quantity: 1000,000 Barrels per Month Maximum Quantity: 5,000,000 Barrels per
Month

FOB Price: Gross USD $87.72BBL NET / USD $85.68 CIF Price: Gross USD $89.76BBL NET/
USD $87.72
VIRGIN FUEL OIL D6

Minimum Quantity: 25,000,000 Gallons per Month Maximum quantity: 50,000,000 Gallons per
Month FOB Price: Gross USD $0.7548 / USD $0.714

CIF Price: Gross $0.7956 / $0.7548 NET

LIQUEFIED PETROLEUM GAS 50% PROPANE % & 50% BUTANEMIX

Minimum Quantity: 10,000 Metric Tons per Month Maximum Quantity: 1,000,000 Metric Tons
per Month FOB Price: Gross USD $499.80MT / USD $489.60MT CIF Price: Gross USD $
510.00MT / USD $ 499.80MT

LIQUEFIED NATURAL GAZ (LNG)

Minimum Quantity: 20,000Metric Tons Per Month Maximum Quantity: 500,000Metric Tons Per
Month

FOB Price: Gross USD $499.80MT / USD $489.60MT CIF Price: Gross USD $510.00MT / USD
$499.80MT

FUEL OIL CST-180

Minimum Quantity: 10,000 Metric Tons per Month Maximum quantity: 500,000 Metric Tons
per Month CIF Price: Gross $316.20/ $306.00 NET

FOB Price: Gross USD $306.00/ USD $295.80 NET

UREA 46% PRILLED & GRANULAR

Minimum Quantity: 25,000 Metric Tons per Month Maximum quantity: 100,000 Metric Tons
per Month CIF Price: Gross USD $ 469.20 / NET USD $ 459.00

SULFUR GRANULAR

Minimum Quantity: 50,000 metric tons per month Maximum Quantity: 500,000 metric tons per
month CIF Price: Gross $357.00/NET $346.80 on CIF

JET FUEL A1

Minimum Quantity: 500,000 Barrels per Month Maximum Quantity: 5,000,000 Barrels per
Month

FOB Price: Gross USD $75.48BBL NET / USD $73.44 CIF Price: Gross USD $77.52BBL NET/
USD $75.48
AUTOMOTIVE GAS OIL (AGO)

Minimum Quantity: 10,000 metric tons per month Maximum Quantity: 100,000 metric tons per
month FOB PRICES: GROSS $336.60 USD/ NET $326.4 USD

CIF Price: Gross USD $346.80MT / USD $336.60MT

PETROLEUM COKE

Minimum Quantity: 25,000MT per

Month Maximum Quantity: 100,000MT per Month CIF Price: USD $132.60MT/USD $122.40

DAP LIFTABLE QUANTITY

Minimum Quantity: 10,000 MT Maximum Quantity: 300,000 MT

Price: Gross USD $550.80MT / USD $540.60MT

OCTANE GASOLINE 92/95/98 LIFTABLE QUANTITY

Minimum Quantity: 50,000 MT per Month Maximum Quantity: 500,000MT per Month

Price: Gross USD $402.9000MT / USD $392.70MT

(1)TANK To TANK APPROVED TRANSACTION PROCEDURE

1.Buyer issues ICPO containing the seller's procedure with banking details and scanned copy of
buyer's passport along with (TSA) Tank Storage Agreement (TSA) from buyer’s Logistic Company for
seller verification and approval,
2. Seller issues Commercial Invoice (CI) for the available products in Tank at the Port, for Buyer's re-
view and endorsement and return for legalization on seller's expenses
3. The Seller's verify the Tank Storage Agreement (TSA) provided by the buyer. Upon successful
verifi- cation and approval of buyer (TSA) buyer proceed to obtain a 5 Days TSR from his tank or
Extend Seller Tank . Seller release the below POP documents directly to end buyer’s secure email. a)
Copy of Legalized Commercial Invoice.
b) Copy of Commitment to Supply.
c) Copy of Injection Report
d) Copy of Fresh SGS (Not Older Than 48 hrs.)e) Copy of ATS -Authorization to Sell & Collect f) Copy
of Authorization to Verify (ATV)
g) Copy of Dip Test Authorization (DTA)
h) Copy of Commitment Letter to Supply
i) Copy of Export license.
j) Copy of Statement of Product Availability.
k) Copy of Tank Storage Receipt (TSR) with barcode and GPS Coordinate. l) Copy of NCNDA/IMFPA
4. The Buyer Conducts Dip Test in the product in the seller's reservoir.
5. Buyer provides Authority to Inject (ATI) from it Logistic Company to enable seller commence Injec-
tion of Product into the Buyer's Tank.
6. Within Twenty-Four (24) Hours upon completion of the Injection, buyer make payment for the total
cost of the product injected into buyer’s tank by TT wire transfer to seller’s nominated bank account.
7. Buyer lifts products and all intermediaries are paid, Seller and Buyer consider and signs further
contracts after successful Transaction
(2)FOB PROCEDURE (TANK TO VESSEL)

1. Buyer issues ICPO containing the seller's procedure with banking details and scanned copy of
buyer's passport along with Charter Party Agreement (CPA), for Seller’s validation.and buyer
provide proof of fund with a current date to proof his financial strength
2. Seller issues Commercial Invoice (CI) for the available products in Tank at the Port, for Buyer's
review and endorsement and return along with Buyer's Charter Party Agreement (CPA).
3. Seller issues to buyer Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller
and Buyer’s Logistic Company.
4. Upon returned of the endorsed TTVIA, Seller release to Buyer the following PPOP documents:
a) Copy of Tank Storage Receipt (TSR).
b) Copy of Commitment Letter to Supply
c) Copy of Export License
d) Copy of Authorization to Verify (ATV) (call or email)
5 Buyer contact the Seller’s Storage Company to verify the availability of the product and to pay
access fees of $65 thousand dollars to obtain access to enable Buyer and his team conduct dip test
on the product also injection programing in the storage Tank.
6 Seller upon confirmation of Buyer securing legal access to the product, issues Dip Test
Authorization (DTA) for Buyer to proceed for the dip test
7 Upon satisfactory result of the dip test on the product by the Buyer and his team, Seller’s storage
Company issue to Buyer the Notice of Readiness (NOR) to inject the product.
8 Buyer issues Q88 and makes available the Vessel for the injection process to commence as
schedule.
9 Upon completion of the Injection, Seller releases to buyer the below POP documents.
a) Copy of Product SGS Report.
b) Copy of Injection Report.
c) Copy of Authority to Sell and Collect (ATSC)
d) Copy of Product passport (analysis test report)
e) Copy of Certificate of Origin
f) Copy of NCNDA/IMFPA
10 Buyer immediately pays for the total cost of the product value injected into the vessel through
MT103 TT wire transfer.
11 Seller Upon confirmation of the payment, pays all intermediaries involve in the transaction

(3)APPROVED PROCEDURE FOR TANK TO TANK

1. Buyer issues ICPO containing the seller's procedure with banking details and scanned copy of
buyer's passport.
2. Seller issues Commercial Invoice (CI) for the available products in Tank at the Port, for Buyer's
re- view and endorsement and return for legalization on seller's expenses
3.Buyer pay 68,000 thousand dollars Extend Seller Tank.
Seller release the below POP documents directly to end buyer’s secure email.
a) Copy of Legalized Commercial Invoice.
b) Copy of Commitment to Supply.
c) Copy of Injection Report
d) Copy of Fresh SGS (Not Older Than 48 hrs.)e) Copy of ATS -Authorization to Sell & Collect f)
Copy of Authorization to Verify (ATV)
g) Copy of Dip Test Authorization (DTA)
h) Copy of Commitment Letter to Supply
i) Copy of Export license.
j) Copy of Statement of Product Availability.
k) Copy of Tank Storage Receipt (TSR) with barcode and GPS Coordinate. l) Copy of
NCNDA/IMFPA
4. The Buyer Conducts Dip Test in the product in the seller's reservoir.
5. Buyer provides Authority to Inject (ATI) from it Logistic Company to enable seller commence
Injec-
tion of Product into the Buyer's Tank.
6. Within Twenty-Four (24) Hours upon completion of the Injection, buyer make payment for the
total
cost of the product injected into buyer’s tank by TT wire transfer to seller’s nominated bank account.
7. Buyer lifts products and all intermediaries are paid, Seller and Buyer consider and signs further
contracts after successful Transaction

(4)NON-NEGOTIABLE TITLE/TANKER TAKE OVER PROCEDURE

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO), Company registration certificate
with Guarantee Letter to take over title of the product.

2. Seller issue draft (MOU) agreement to Buyer counter-sign and return to seller.

3. Seller sends to Buyer the following documents for Buyer's confirmation.

A. Q88
B. Bill of Lading
C. Estimated Time of Arrival E.TA.
D. Q&Q Analysis Report.
E. Payment Invoice for Security guarantee/title transfer.
F. Cargo Manifest.
G. Certificate of Origin

4. Buyer confirms the goods documents and makes security guarantee deposit of $259,600 for title
transfer by T/T Wire Transfer within 2 banking days to seller nominated fiduciary account, which
shall be deducted from the total payment value of the takeover product.

5. Buyer/Seller authorizes shipping company to reroute the vessel to buyer's desired Port If buyer
needs to vessel to be rerouted from the current destination. Seller transfer title at the appropriate
governmental department to Buyer's name and also releases a fresh dated Dip-Test Authorization-
DTA, Authority to Board (ATB), and Authority to Verify (ATV) to Buyer. Buyer order SGS or
Equivalent inspection team for Q&Q inspection.

6. Upon the successful completion of Dip-test inspection, Buyer makes the balance payment by
MT103 wire transfer for the total goods value, Seller transfers Title of ownership Certificate to
buyer's name as the legitimate owner of the goods and commence trans-loading.

7. Trans-loading commence immediately.

8. Seller will release payments to the intermediaries involved within 48 hours of receiving the
Payment for the product from the Buyer’s bank.

(5)COST INSURANCE AND FREIGHT (CIF) TRANSACTION PROCEDURE

1. Buyer issues ICPO with this procedure incorporated on the ICPO along with Buyer’s company
registration certificate.
2. Seller Issues to Buyer Sale & Purchase Agreement (SPA), Buyer review, amend (if necessary), signs, and
return the SPA in WORD format to Seller within 3 banking days. Seller sends final SPA to Buyer in PDF
format; Buyer confirms final SPA and issues letter of acceptance of the final SPA.
3. Seller Issue to Buyer:
(a)CONFIRMATION / COMMITMENT LETTER TO SUPPLY,
(b)TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT.
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT IN RESERVOIR
(e) PRODUCT PASSPORT
(f) CHARTER PERTY AGREEMENT (CPA)
4. Seller arranges the chartered freight with a renowned shipping company for the transportation of the
product to buyer designated discharge port, both Seller and Buyer sign the Charter Party Agreement
(CPA) together with the shipping company (A three-party CPA) this is applicable only for 1st shipment.
(Seller & Buyer) jointly pays CPA cost 50/50 via T/T wire transfer directly to the shipping company. This
fee will be deducted from the total product value when the Buyer is paying for the total product cost.
5. Upon Finalization of the Logistics for the Delivery of the Petroleum Product to the Buyer Port of
Destination/Discharge Port, Seller Commence Loading of the Petroleum Product into the Vessel Tanker
(Ship) provided by Seller and Provide to Buyer the Following Proof of Product Documents and Shipment
Documents;
•BILL OF LADING, VESSEL DETAIL’S (Q88).
•DIP TEST REPORT FOR QUALITY AND QUANTITY OF THE PRODUCT BY SGS, SAYBOLT, INTERTEK OR
SIMILAR.
•CERTIFICATE OF CONFORMITY OF THE PRODUCT.
•CERTIFICATE OF ORIGIN ISSUED BY THE CHAMBER OF COMMERCE.
6. Upon Buyer Receipt of the Above Proof of Product Document and Shipment Document, Buyer Issue
DLC MT700 or SBLC MT760 to Guarantee payment for the product and Seller Issue 3%P.B.
7. Shipment Commence and Buyer Releases Payment via MT103 - T/T for the Total Cost of the Product
after CIQ at Buyer Discharge port And Seller through the Ship Captain hands over all Exportation
Document and Certificate of Ownership to Buyer.
8. Seller Pays Commission to Intermediaries involve in the Transaction.

(6)OPERATIONAL PROCEDURE FOR LOADED VESSEL TANKER TAKE OVER (TTO)/SPOT/CIF

(1) Buyer issues official ICPO to the exact quantity in the vessel upon receipt of Seller official SCO.
(2) Seller issues original MOU to the Buyer within 24 along with invoice of 84,000 USD for change of
document.
(3) Buyer countersigns the original MOU and forwards it back to the Seller.
(4) Seller issues below documents to the Buyer:
A) Certificate of Product Origin
B) Storage Tank Receipt
C) Product Passport (Quantity & Quality Dip Test Analysis Report)
D) Bill of Lading
E) Tanker Vessel Q88 Document
F) Ullage Report
G) Cargo Manifest
H) Invoice for Title Takeover Payment fee of 5% of total cost of the available quantity.
(5) Buyer's shipping agent makes contact with the vessel master to verify and confirm the above POP
documents/vessel position. Buyer's bank transmits 5% of the total cost of the product via SWIFT
MT103/TT to the Seller's nominated bank as transaction guarantee value within 48 hours and the 5% will
be deducted from the total cost of the product.
(6) Seller's transfers Title ownership to the Buyer after payment receipt confirmation by the Seller's
bank.Seller's bank transmits full POP documents to the Buyer's bank.
(7) Buyer's bank transmits payment for the balance cargo value to Seller's bank via SWIFT MT103/TT
after successful Quality and Quantity inspection and at sight of a complete set of original shipping
documents at Buyer's discharge port within 24 hours.

(8) Seller's bank transmits commission payment to all Intermediaries as per IMFPA within 24 hours on
confirmation of receipt of payment from Buyer's bank. Look forward to hearing from you at your earliest.

(7)APPROVED AND NON-NEGOTIABLE PROCEDURE: TANKER TAKE OVER (TTO)

1. Buyer issues official ICPO to the exact quantity in the sanitized MOU to the Seller.
2. Seller issues original MOU to the Buyer within 24 hours.
3. Buyer countersigns the original MOU and forward back to the Seller And seller issue PAYMENT
INVOICE of $20,790 usd to buyer for documentation.
4. Upon confirmation of the documentation payment, Seller issues below documents to the Buyer:
A) Certificate of Product Origin
B) Storage Tank Receipt
C) Product Passport (Quantity & Quality Dip Test Analysis Report)
D) Bill of Lading
E) Tanker Vessel Q88 Document
F) Vessel Estimated Time of Arrival (ETA)
G) Vessel (N.O.R) Notice of Readiness
H) Ullage Report
I) Cargo Manifest
J) Invoice for Title Takeover Payment fee of $650,000 USD to seller nominated partner's account.
5. Buyer's shipping agent makes contact with vessel master to verify and confirm above POP
documents/vessel position. Buyer's bank transmits US$650,000 via SWIFT MT103/TT to the Seller's
nominated bank as transaction guarantee for the total product value within 48 hours.
6. Seller's transfers Title ownership to the Buyer after payment receipt confirmation by the Seller's bank.
Seller's bank transmits full POP documents to the Buyer's bank.
7. Buyer's bank transmits payment for the balance cargo value to Seller's bank via SWIFT MT103/TT after
successful Quality and Quantity inspection and at sight of complete set of original shipping documents at
Buyer's discharge port within 24 hours.
8. Seller's bank transmits commission payment to all Intermediaries as per IMFPA within 24 hours on
confirmation of receipt of payment from Buyer's bank.

(8)FOB TRANSACTION PROCEDURE FOR (TANK TO TANK OR TANK TO VESSEL)

1. Seller representative issue SCO to Buyer.
2. Buyer issue official ICPO with POF indicates Sellers Procedure & Terms (signed/Sealed).
3. Seller issues to Buyer:
a) Commercial Invoice CI, for the available quantity (After sign of
the CI , The below documents will be sent)
b) Certificate of Incorporation
c) Certificate of Origin
d) Commitment Letter to Supply
e) Statement of Product Availability to supply
f) ATSC
4. Seller issues to Buyer Tank Extension Payment Invoice for the minimum of 5 days,Buyer proceed with
Tank payment extension and return transfer evidence copy.
5. Seller issues Dip Test Authorization letter sign by all parties including buyer and Seller only.
6. Upon the sign of DTA by all parties Seller and Buyer, Seller issues to Buyer.
(a) Fresh SGS Report,
(b) Tank receipt,
(c) Injection Report,
(d) Export License,
(e) Refinery Reservoir Receipt
7. Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon
successful dip test, Buyer provides Vessel Details or Tank Details, Seller shall immediately submit the
(SGS) inspection Report along with the full Proof of Product (POP) to the Buyer.
8. Buyer makes 100% payment by MT103 TT wire transfer for the total product
9. Seller release payment to all intermediaries as per signed NCNDA/IMFPA within 48hours of receiving
the payment for the product from the Buyer's bank.
10. The seller issues a 12 months contract for the buyer's review and execution if needed.

(9)FOB TANK TO TANK (TTT) TRANSACTION PROCEDURES

1. Buyer issues ICPO and Company Registration Certificate or any I.D. With TSA for Seller's Verification.
2. Seller issue Draft Commercial Invoice, Buyer signs and returns to Seller with his Tank Storage
Agreement.
3. Seller pays the Buyer's tank for 2 days for the Injection Process; Buyer pays 3 days and only after his
Tank Farm Company has received the payment from Seller Company. Seller issue NCNDA/IMFPA to the
intermediary to sign.
4. Seller provides Buyer with FULL POP Documents. A. Fresh SGS Report less than 48 hours
A. Product certificate of origin.
B. Dip Test Authorization-Unconditional
C. Injection Report
D. Tank Storage Receipt with GPS Coordinates
E. Tank Farm Bar-code Information
F. Letter of Commitment to Supply.
G. Registration Certificate & Export License Copy
H. Authority to Sell & Collect (ATSC
I. Endorsed Injection Schedule by the buyer & buyer Tank Farm
J. ATV – For Physical Verification.
K. Irrevocable Commitment to Supply for Spot and 12 months Contract.
L. Injection Schedule signed by Buyer & Buyer's tank farm.
5. Buyer conducts Dip-Test in Seller's tank, via SGS on Buyer's expense, Seller injects the fuel To Buyer's
tank and Buyer makes payment based on Q&Q by MT103 wire transfer / TT According to the final
Commercial Invoice.
6. Seller transfers the title of ownership as per Buyer's instruction. Buyer lifts the product.
7. Seller pays all intermediaries involved in the transaction and subsequently monthly contract Shipment
continues as per terms and conditions of the sales and purchase agreement contract between Buyer and
Seller

(10)TRANSACTION WORKING PROCEDURE FOR FOB ROTTERDAM / JURONG PORT.

1. Buyer issues ICPO, and company registration certificate and data page of buyer’s Passport or any I.D.
2. Seller issues Commercial Invoice (CI) & Warning Letter, Buyer signs and returns back to seller with his
official TSA, for Seller verification and approval.
3. Seller lease and pays the buyer’s tank for two (2) days and Buyer pay his Tank Farm Company for three
(3) days in-order to obtain a five (5) days TSR for the injection to commence.
4. Seller issue's Injection Schedule (IJ) and Notice of Readiness (NOR) to buyer’s tank farm Company to
start up the injection process.
5. Buyer tank farm company issues Authorization to Inject (ATI) to seller upon authorizing and approving
seller to start up injection in buyers tank located in their terminal.
6. Seller start up the injection of the fuel into buyers’ tanks and issue the necessary PPOP documents to
buyer after concluding the full injection which are;
Full Injection Report
Registration Certificate
Statement of Product Availability
Certificate of Origin
Product Passport (Lab Analysis)
Dip Test Authorization
Certificate of Products Conformity from The Ministry.
7. Buyer contact the SGS team to conducts Dip test on the products already injected in buyers leased
tanks.
8. SGS conduct full scale inspection on the fuel and furnished the buyer the test report not less than 24
to 48 hours old, and buyer immediately makes payment for the total value of the product after receiving
the positive test report from SGS through the means of MT103-TT Wire Transfer not less than 48 to 72
working hours’ time frame.
9. Seller receive the payment for the total cost of products value from the buyer, and immediately seller
change the title ownership of the fuel from seller’s company name to buyer's company name and issue
the buyer the necessary documents;
Title Certificate Of Ownership Of Products ( At Buyer's Company Name)Authorization to Sell and Collect
(Atsc) (at Buyer's Company Name)Commitment to Supply and Distribute (at Buyer's Company Name)
10. Buyer obtain full ownership of the products and Buyer pays buyer side commission and
intermediaries, Seller also pays all seller side commissions and intermediaries for this first shipment.
11. Contract’s shipment continues as per terms and conditions of the sales and purchase agreement
contract between buyer and seller.
(11)TRANSACTION WORKING PROCEDURE FOR TANK TO VESSEL IN ROTTERDAM/JURONG PORT.
1. Buyer Issues ICPO.
2. Seller Issues Commercial Invoice (CI) For The Available Quantity in Tank in Rotterdam Port Along with
Following Documents After Receipt of the Signed CI:
(a) Copy of Statement of Product Availability in the Tank in Rotterdam Port;
(b) Product Passport
(c) Commitment to Supply
(d) Tank Storage Receipt (TSR)
3. Buyer Pays Directly to The Logistics Company for Extension of Storage for The Number of Days It Will
Take for buyer’s team to Conduct Dip Test.
4. Seller provides buyer with SGS report, Injection Report, unconditional DTA.
5. (NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in seller tanks, Buyer
make payment for total cost of product injected into buyer vessel via MT103, Seller transfer title
ownership to buyer with all exportation documents required of buyer for the transaction.

6. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and
proceeds with the signing of contract with Buy

(12)DIP & PAY PROCEDURE FOR ROTTERDAM,HOUSTON,FUJIAREH

1. Buyer issues official ICPO addressed to the refinery or representative.
2. Seller issues Commercial Invoice (CI), buyer signs and returns the signed invoice to the seller.
3. Seller issues to the buyer the partial proof of product documents:
•ATSC - Authority to sell and collect
* DTA - Dip Test Authorization
* PRODUCT PASSPORT
•STATEMENT OF PRODUCT AVAILABILITY
•COMMITMENT LETTER TO SUPPLY
•ATV – Authority to verify the existence of product via email or phone call.
4. Buyer obtains Port and Terminal access permit through the Seller’s Tank Farm in order to gain access to
conduct Dip Test and Buyer pays $56,000 for the access permit.
5. After a successful Dip Test in Seller’s tanks, Buyer takes over seller’s tank or Seller injects into buyer’s
vessel / Tank and buyer conducts its DIP TEST Inspection for Q & Q of the Petroleum Products aboard
vessel / Tank.
6. Buyer after a successful Q &Q Dip test on the product, the buyer makes the payment for the total value
of the product injected into the tanks through the means of MTI03 - TT.
7. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer the
Title ownership of the product and all exporting documents of the Product. The seller pays all
intermediaries involved in the transaction within 48 hours.
Note:- if the buyer and seller are not performed then they have to pay US $ 1M as a penalty.