FOB ROTTERDAM PROCEDURES

EN590 Procedure
Procedure A B C&G D E&H&J F I
Minimum Quantity in MT 25'000 30'000 20'000 50'000 50'000 25000 40'000
Maximum Quantity in MT 500'000 300'000 300'000 200'000 500'000 300'000 300'000

Jet fuel Procedure

Procedure A B C&G D E&H F I&J
Minimum Quantity in BBL 500'000 500'000 500'000 1'000'000 500'000 1'000'000 1’000'000
Maximum Quantity in BBL 5'000'000 5'000'000 5'000'000 5'000'000 5'000'000 5'000'000 10’'000'000

FOB Rotterdam: all

A - TANK TO TANK PROCEDURE ROTTERDAM
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. =
TSR

4. Seller provides Buyer with FULL POP Documents.

A. Fresh SGS Report less than 48 hours

B. Product certificate of origin.

C. Dip Test Authorization-Unconditional

D. Injection Report

E. Tank Storage Receipt with GPS Coordinates

F. Tank Farm Bar-code Information

G. Letter of Commitment to Supply.

H. Registration Certificate & Export License Copy

I. Authority to Sell & Collect (ATSC

J. Endorsed Injection Schedule by the buyer & buyer Tank Farm

L. Irrevocable Commitment to Supply for Spot and 12 months Contract.

M. Injection Schedule signed by Buyer & Buyer's tank farm.

5. Buyer conducts Dip-Test in 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
C - FOB ROTTERDAM TRANSACTION PROCEDURES

1. Buyer issues an official ICPO along with Tank Storage Agreement (TSA) accompanied
by company certificate of registration and valid means of identification.

2. Seller issues:

• commercial invoice (CI) for the available quantity in the storage tank

• product passport (Product Analysis Report),

• Notarized Statement of availability of product

• Authority to verify (ATV) via email or phone call.

• Notice of Readiness (NOR)

3. Buyer returns the commercial invoice and NOR duly signed by the buyer and buyer’s
logistic company and TSR.

4. Seller issues to buyer the listed below documents:

• Unconditional dip test authorization (DTA)

• Fresh SGS inspection report

• Injection report

• Certificate of Origin

• Notarized and endorse NCNDA/IMFPA

• Authorization to sell &collect (ATSC)

• Tank storage receipt (TSR)

• Commitment letter to supply

5. (Optional) Buyer SGS team re-conducts dip test inspection on the product in seller
storage tanks on buyer expense

6. Upon successful dip test inspection, buyer pays for the total product value and seller
immediately transfer the title of product ownership to buyer with all export documents

7. Seller immediately commences injection of the product into buyer’s tanks

8. Seller pays intermediaries.

D - FREE ON BOARD (FOB) ROTTERDAM ONLY DIP AND PAY PROCEDURE

1. Buyer issues an official ICPO.

2. Seller issues: commercial invoice (CI) buyer signs and returns back attached with letter of
guarantee of performance to seller

3. Buyer submit minimum of two representatives who will carry out the dip test, buyer sends
minimum two passport and maximum five passport of officials who will conduct dip on
behalf of buyer.

4. Seller verifies and issues to buyer the POPP documents endorsed by ministry of energy:
• ATSC
• DTA
• Product passport
• Statement of availability of product

5. Seller submits passports and documents of buyer to ministry of energy kazakhstan to

obtain permit code and allocation coordinate for buyer team to enter the port and conduct dip
test.

6. Buyer submits signed and endorsed permit code and dta to seller and request for product
existing in tank of seller leased storage. Upon confirmation of sellers
* Fresh dated SGS
* Tank storage receipt
* Injection report

7. Seller injects into buyer’s tank and buyer conducts its own test inspection for Q & Q of the
petroleum produts.

8. buyer successeful Q & Q dip test on the product, `buyer makes the payment of total value
of product injected into the tanks through of MT103-TT
D - FOB DIP AND PAY TRANSACTION PROCEDURE Rotterdam

1. Buyer issues an official ICPO & buyer company registration certificate.

2. Seller issues commercial invoice for first lift quantities Buyer Signed and return to Seller

3. Upon receive of Buyer signed Commercial Invoice

4. Seller issue POP documents to buyer's secured e-mail:

(a) Commitment to Supply
(b) Product Passport Dip Test Report
(C) Authorization to Sell and Collect (ATS)
(D) ATV Authority to verify
(E) Dip test analysis (DTA)

5. After verification of POP within 48 hours maximum, buyer Pay for 3 Days extension to
enable Buyer conduct dip test in seller tank farm. And liable to take tank over .

6. Upon verification of buyer's Payment Seller issue:

a) Valid TSR for 5 Days
b) Unconditional DTA
c) ATV
d) SGS Report

7. Buyer conducts SGS inspection and pays for product via MT 103 TT within 48 hours.

8. Title to the product is transfer to the buyer alongside all exportation documentation
in relation to the petroleum product.

9. Seller pays commission within 48 hours by swift MT103 to all intermediaries assigned
 E - PROCEDURE FOR FOB ROTTERDAM PORT

1. Buyer issue ICPO containing the seller's working procedure and banking details
along with buyer’s nominated TSA, Company registration certificate and data page of
buyer’s Passport.

2. Seller issues commercial invoice of the product in tanks at the port, buyer sign and
return commercial invoice along with an acceptance letter.

3. Seller issues the below listed PPOP Documents:

a. Refinery Commitment to Supply

b. Statement of Availability of product

c. Authority to sell and collect (ASTC)

d. Certificate of Origin

e. Certificate of Incorporation.

4. Seller’s Tank Storage Company Releases Joint Guarantee Agreement Letter

of Performance to Buyer to Countersign

5. Seller issues to buyer Tank Extension Payment Invoice for the minimum of three (3)
day, Buyer proceeds with tank payment extension and return transfer evidence
copy, Buyer sign and return to seller with NCNDA/IMFPA signed by all buyer groups
with commission structures.

6. Seller issues Dip Test Authorization Letter sign by all parties including buyer
and seller only.
G - REFINERY FOB ROTTERDAM PROCEDURES

1. Buyer accepts seller working procedure and issue ICPO addressed to the
seller refinery.

2. Seller issues commercial invoice (CI), Buyer signs and returns back commercial
invoice and tank storage agreement (TSA).

3 Seller provide buyer with the below listed PPOP.

A. Authorization To Verify (ATV)
B. Product Passport (product analysis report)
C. Irrevocable Commitment Letter to Supplier
D. Statement of Product Availability
D. Tank-to-Tank Injection Agreement (TTIA) to be signed by all parties.

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 provide tank storage receipt (TSR) seller proceed for Tank to Tank injection
and provide buyer with the injection report of the product into buyer tanks.

6. Buyer make payment for total cost of product injected into buyer tanks via MT103,

7. Seller transfer title ownership to buyer with all exportation documents required of buyer for
the transaction.

8. Upon conclusion of first lift transaction seller pays all intermediaries involved in the
Transaction and proceeds with the signing of contract with Buyer.
H - REFINERY TANK TO VESSEL&TANK/DIP & PAY PROCEDURE ROTTERDAM

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 - Product analysis report from a renowned
inspection company.
• STATEMENT OF PRODUCT AVAILABILITY DULY SIGNED AND NOTARIZED
BY THE APPROPRIATE AUTHORITIES.
• COMMITMENT LETTER TO SUPPLY
• ATV – Authority to verify the existence of product via email or phone call.

4. Buyer sends Dip Test Authorization to the seller’s tank farm for endorsement extends
seller’s tank and receives full GPS coordinates of the tanks, Hub Numbers, terminal access
permit and dip test is conducted immediately with buyer’s team to obtain fresh SGS report.

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.

8. The seller pays all intermediaries involved in the transaction.

H-TRANSACTION PROCEDURE ON FOB ROTTERDAM TANK TO TANK(TTT)
REFINERY FOB PROCEDURES TANT TO TANK

1. Buyer accepts seller working procedure and issue ICPO

2. Seller issues commercial invoice (CI) will be signed by Buyer and returns back
commercial invoice

3. Seller provide buyer with the below listed PPOP along with NCNDA & IMFPA
A. Statement of Product Availability
B. Certificate of Origin.
C. Conditional DTA for dip test.
D. Product Passport Analysis.

4. Buyer provide his storage tank agreement after confirmation from our management to
proceed, buyer provides tank storage receipt for 5 days to enable buyer to gain access to
facilitated seller tank to conduct dip test and execute the Quality & Quantity Inspection in
Tank Farm for FRESH Analytical Report/Result by SGS.

5. After successful DIP test seller release Dip test SGS result.

6. Injection of product proceed into Buyer’s vessel or injects into Buyer’s tanks Buyer or
buyer retain tank take over within maximum 48 hours Buyer pays via MT 103/TT for the
spot transaction and seller issues all export documents to buyer.

7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the
Transaction and proceed with the signing of contract with Buyer.
J - DIP 6 PAY TRANSACTION PROCEDURE FOB ROTTERDAM (TTV,

VTT): TANK TO VESSEL, VESSEL TO TANK & VESSEL TO VESSEL

1. Buyer issues the LOI and the full CIS along with the company registration certificate
and buyer’s color copy passport with CPA Q88 and the ICPO for seller approval.

2. Seller issue a Commercial Invoice of the product in tanks at the port, buyer sign and
return Commercial Invoice along with an acceptance letter

3. Seller issues PPOP to buyer

a) Certificate of Origin

b) Bill of Lading

c) Ullage Report

d) Cargo Manifest

4. Upon confirmation of successful endorsement of INJECTION PERMISSION

AGREEMENT signed by buyer and buyer’s Tank Farm

5. Seller issues to buyer Product POP

a) Fresh SGS report of less than 24 hours on buyer’s company name

b) Q&Q report and injection report

c) Authorization to verify physically the product in the seller’s vessel on receipt of

vessel arrival

d) Complete shipping documents

6. Buyer conducts DIP test on the product in vessel and makes the payment for the total
value of the product via MT103-TT to enable the injection process into buyer nominated
tanks. Seller transfer title Ownership to the buyer with all export documents required of
buyer for transaction.

7. All parties involves in this transaction sign the NCND/IMFPA to product for
all intermediary’s commission(s) payable by each side oneself separately.
J - DIP & PAY TRANSACTION PROCEDURES FOB ROTTERDAM: PROCEDURE
TANK TO TANK

1. Buyer issues the LOI and the full CIS along with the company registration certificate
and buyer’s passport with TSA and the ICPO for seller approval.

2. Seller issues Draft Commercial Invoice, buyer signs and returns to seller

3. Seller present product SGS report to buyer’s tank farm only to verify and confirm
product specification, upon confirmation of SGS report by buyer tank farm storage
company, seller lease and pays the buyer’s tank for 3 day to confirm both
payments.

4. Seller provides buyer with Partial POP documents

a) Authority to Sell & Collect (ATSC)

b) Letter of Commitment to Supply

c) Product Authentication Certificate

d) ATV – Authorization for physical verification is to be signed by buyer’s tank

farm and endorsed.

5. Seller provides buyer with complete full POP documents

a) Fresh SGS Report less than 48 hours

b) DIP test Authorization-Unconditional

c) Injection Report

d) Tank Storage Receipt with GPS coordinates

e) Tank Farm Bar-code information

f) Registration Certificate & Export License copy

g) Endorsed Injection Schedule by the buyer & buyer tank farm

h) Irrevocable Commitment to supply for Spot and 12 months contract injection

Schedule signed by buyer & buyer’s tank farm
6. Buyer conducts DIP test in seller’s tank via SGS on buyer’s cost, seller inject the fuel
into buyer’s and buyer makes payment based on Q&Q by MT103 wire transfer / TT
according to the final Commercial Invoice

7. Seller transfers the title of ownership as per buyer’s instruction, buyer lifts the product

8. All parties involved in this transaction sign the NCND/IMFPA to product for
all intermediary’s commission(s) payable by each side oneself.
K - PROCEDURES: FOB TANK TO TANK

1. The Buyer issues an official ICPO containing the Seller ́s procedure with banking details
with TSA and Company Certificate of Incorporation.

2. The Refinery verifies the Buyer ́s ICPO with Company profile and issues Sales and
Purchase Agreement and Commercial Invoice of the product in tank at the Port, the
Buyer and the Buyer ́s Tank Farm Company sign and return CI to the Seller.

3. The Seller issues the below PPOP documents to the Buyer ́s secured email for
verification.
A. GPS Coordinate- Tank Storage Receipt (TSR)
B. Injection Report
C. Dip Test Authorization Letter (DTA)
D. Authorization to Sell and Collect
E. SGS Report
F. Authorization to verify the product in the Seller ́s Tank (ATV)

4. The Buyer inspects by SGS on the Buyer ́s expenses and sends to the Seller TSR after
Receipt of successful Dip Test report is received .

5. Seller issues the following documents to all Intermediaries and the Buyer endorsed
NCNDA/IMFPA. 6. Upon successful Dip Test in tanks, product will immediately be
injected into Buyer ́s Tanks

6. Upon successful Dip Test in tanks, product will immediately be injected into Buyer ́s Tanks

7. The Buyer makes Payment for the product via MT103 in exchange for title.
K - PROCEDURES: FOB TANK TO VESSEL

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) must be with Buyer Company
letterhead containing the Seller's working procedure with banking details scanned copy of
Buyer's Passport data page along with the Charter Party Agreement (CPA) signed by End
Buyer and his Shipping/Logistics Company for Seller's validation.

2. Seller issues a Commercial Invoice (CI) for the available product quantity in the storage
tanks at the port for the Buyer's review and endorsement, and returns back the Seller.

3. Seller issues to Buyer Tank-to-Vessel-Injection Agreement (TTVIA) to be endorsed

by both Seller's and Buyer’s Logistic Company.

4. Upon the returned of the endorsed TTVIA, Seller release to Buyer the following POP
documents:
A. Tank Storage Receipt (TSR);
B. Commitment Letter to Supply;
C. Company License;
D. Authorization to Verify (ATV) (email).

5. Buyer contacts the Seller's Storage Company to verify the availability of the product and
obtain access to enable Buyer and his inspection team conduct a dip test on the product in
tanks. (Buyer arrange 1 day TSR extension fee to seller tank farm company. as per
invoice issued to enable dip test access to seller tank storage)

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 inspection
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 scheduled.

9. Upon completion of the Injection, Seller releases to Buyer the below POP documents:
A. SGS Q&Q report;
B. Injection report;
C. Authorization to Sell and Collect (ATSC);
D. Product Passport (analysis test report);
E. Certificate of origin;
F. NCNDA/IMFPA.

10. Buyer immediately pays for the total cost of the product value injected into the pipeline
via MT103 TT wire transfer and Seller transfer the title of ownership of the product to
Buyer's.