COMMODITIES TRADING

1. Buyer Issues ICPO and Tank Storage Agreement (TSA) company registration

2. Seller issues Commercial Invoice (CI) to be completed and signed by all parties including buyer logistics company,

3. Seller issues below proof of product (Documents) and invites buyer Tank farm representatives for a Physical Inspection of the product if necessary
   1. Fresh SGS or CCIC (Q&Q Report) Not Less than 48 Hours original
   2. Tank Storage (TSR).
   3. Authorization to Verify (ATV).
   4. Injection Report (IR)
   5. Certificate of Kazakhstan
   6. Product
   7. Authorization to Sell & Collect (ATSC).
   8. (Unconditional) Dip Test Authorization (DTA).
   9. Allocation title

4. After the successful verification of the product's existence, the Buyer orders SGS to conduct the Dip test in the Seller tank on the buyer If Necessary

5. Upon Successful Dip, the Buyer presents their Tank Storage Receipt (TSR) For the Seller to Immediately Commerce Injection into the Buyer's Leased Storage Tank.

6. Buyer Make 100% Payment by Mt103 Tt Wire Transfer for The Total

7. Seller Transfer Title of Ownership Certificate to Buyer, Followed by All Export Documentation, and Pays Commission to All the Intermediaries Involved in The Transaction Within 48 Hours After Confirmation of The Buyer's Payment.

1. Buyer Issues and ICPO Containing the Seller's Working Procedure and Banking Details Along with Buyer's Nominated Tank Storage Agreement {TSA} Company Registration Certificate and Data Page of Buyer's Passport.

2. Seller Issues Commercial Invoice (C.I.), Buyer Signs and Returns Commercial Invoice Along with An Acceptance

3. Seller Issues a Copy of SGS Report to Buyer's Tank Farm Company Only to Verify SGS Report with A Confidentiality & Non-Circumvent Letter

4. Upon Confirmation of the SGS Report by Buyer's Tank Farm Company, the Seller requested to Lease and Pay for the Buyer's Tank For 2 Days, And the Buyer Paid HisTank Farm Company for the Remaining Days After the Tank Farm Company Confirmed the Payment from A Total (of 5 to 7) Days Operational TSR Will Be issued on seller/Buyers Name for A Minimum quantity purchase from the refinery

5. Seller Issues Following POP Documents to Buyer:
   1. Fresh SGS
   2. Pre-Injection Report (From Refinery Reservoir to Leased Tanks).
   3. Unconditional Dip Test Authorization Letter (DTA)
   4. Authorization To Sell and Collect {ATSC}
   5. Certificate Of Origin
   6. Authorization To Verify {ATV} through Mail or Call

6. Buyer And His Testing Teams Conduct a Dip Test on The Product through the Q&Q Analytical department of their tank farm company

7. Upon confirmation of the SGS REPORT, the Buyer Makes payment Via MT 103 for the Total Value Product and Injection Commencing from the Seller's Tank to the Buyer's end user Tank.

8 Seller Transfer Title ownership to buyer name

9. The seller Pays a commission to All Intermediaries Involved in the transaction And Subsequently Monthly Shipments Continue As Per the Terms And Conditions Of The Sales And Purchase Agreement Contract Between Buyer And Seller.

1. Buyer Issue ICPO containing the seller's working procedure with banking details and scanned copy of buyer's passport along with "TSA" and buyer company certificate of incorporation.
2. Upon approval of the buyer’s documents, the Seller issues a commercial invoice of the product to the buyer to be signed and returned.
3. Upon confirmation of signed CI by the buyer, the seller issues DTA to the buyer, for buyer logistics to sign and endorse for the dip test to be carried out immediately
4. Upon Confirmation of Endorsement of DTA, the Seller Issue to the Buyer the PPOP document Listed Below:

• Fresh SGS Report
• Tank Storage Receipt (TSR) with GPS Coordinates of where the Tanks are located.
• Injection Report •Authorization to Sell
• Authorization to verify the product in the seller's tank (ATV)
• Country of origin

5. Buyer inspects by SGS on buyer’s expenses and sends Tank Storage Receipt

6. Upon Successful Dip Test in the Seller’s Tanks, the product will immediately be injected into the Buyer's The Buyer makes the payment for the product via MT103/TT after the completion of the full product injection.
7. Seller transfers product title to the Buyer Lifts Product and all Intermediaries are paid. Seller and Buyer consider and sign further contracts after a successful transaction.

1. Buyer accepts seller working procedure and issues ICPO with company registration certificate alongside a copy of passport page
2. Seller issues Commercial Invoice [CI] buyer signs and returns back Commercial Invoice
3. Seller issues the following PPOP documents:
   1. Authorization to Sell and Collect (ATSC)
   2. Commitment to Supply
   3. Product Passport
   4. Injection Report
   5. TSR with GPS Coordinate to buyer company

4. Buyer contacts the Seller’s Tank Storage Facility for Extension of the Tank Storage Space to enable Buyer approval to gain access into the Port Facility and Execute the Quality &Quantity Inspection in Seller Tank Farm for FRESH Analytical Report/Result by SGS, Seller Provides SGS Test Report for Buyer Confirmation and Verification
5. After a successful Dip Test [NCNDA/IMFPA] will be signed by all parties
6. Seller injects product to the buyer's vessel or buyer's Tank or the Buyer takes over the storage tank within a maximum of 48 hours Buyer pays via MT103/TT for the spot transaction and the Seller issues all export documents to the buyer.
7. Upon conclusion of the first lift transaction Seller pays all intermediaries involved in the

1. Buyer Issues ICPO, POF (mutually acceptable format) Addressed to Buyer needs to accept to use Seller's TSA ("TANKS FARM *) which has been approved by the Title refinery, which will be assigned to Buyer after the CI is mutually signed.

2. Seller Issues Commercial Invoice, Buyer Signs and Returns To Seller Within The Validity Period Stipulated On The Commercial
3. Seller to assign its TSA (under TANKS FARM) to Buyer *requests a commercial invoice for a 5-day tank storage fee "from TANKS FARM To Secure Tank Storage Receipt (TSR). "Note": no payment is necessary at this stage for this 5-day fee until step (5)
4. Seller Releases The Following PPOP Documents To Buyer
   1. Dip Test Authorization,
   2. Injection Report
   3. Product
   4. Product Certificate Of
   5. Tank Storage Receipt (ISR)
   6. Previous SGS report

5. After successful verification of the PPOP, the Buyer pays the Storage Buyer's Tank Farm Issues Injection Schedule. Upon Buyer Tank Farm Receiving Payment and Issuance Of The Tank Storage Receipt {TSR}Seller Proceed To Inject The Product Into The Leased Tank Storage.
6. Upon Successful Injection, the Buyer Inspects the Product with an SGS Agent Or Equivalent
7. After the Buyer's Successful Dip Test on The Product, the Buyer Makes the Payment for The Total Value of The Product Via MT103-
8. Upon Seller Receiving the Payment for The Product from The Seller Issues to Buyer the Title Ownership of The Product and All Exportation Documents Of The Product.

9. Buyer Lifts the Product with Its Vessel Seller Pays All Intermediaries Involved in The Transaction and Send SPA To Buyer for One Year Subsequently Monthly Shipments Continue as Per Terms and Conditions of The Contract

1. Buyer issues ICPO along with the following documents

• Buyer Company certificate of registration or Company’s Profile

2. Seller issues to buyer the Sales and Purchase Agreement Contract with Commercial Invoice, Buyer signs with initials and returns to Seller with Acceptance Letter from Buyer
3. Buyer pays service fee for All documents including PPOP and full POP documents and SPA also for NCND/ IMFPA to be Notarized Public in Kazakhstan and Authenticated by Foreign Affairs Ministry of Oil and Gas Kazakhstan.
4. Upon receiving the payment, the Seller issues Partial POP documents to the buyer HQ office by highly expressed, also send from seller secured email to buyer secured email
5. Seller sends to Buyer the below Partial POP documents via Fax/Email

• Authority/Authorization to Sell (ATS)
• Certificate of Origin
• Letter of Commitment to supply
• Product Quality Passport (Dip Test result of product)
• Tank Storage Agreement
• Tank Storage Receipt {TSR}
• ​

6. Buyer issues the Financial Guarantee as pre-advice LC (DLC MT700) or (SBLC MT760) to cover the first shipment to seller’s fiduciary bank according to the Seller Verbiage in seven (7) bank days. Upon issuance of the buyer of (DLC MT700) or (SBLC MT760) Seller will issue a 2% Performance Bond (PB) to the buyer bank within 3 days.
7. Within 7 banking days, If the buyer fails to issue payment instrument, the Buyer will make a cash deposit of $370,000 by TT wire transfer for security guarantee to enable the seller to the charter the vessel and commence shipment, and this payment will be deducted from the total cost of the product after inspection at the discharge port, or legal action will be taken against the buyer for default
8. NCNDA/IMFPA to be signed by all parties to secure payment

9. Seller signs Chartered Party Agreement (CPA) with Shipping Company and concludes booking of vessel and shipping schedule preparation with port authority.
10. After confirmation of the buyer’s financial commitment or SBLC MT760, the Seller will issue to the Buyer’s bank within 4 Days the full shipment documents proof of Product (POP) Plus 2% Performance Bond via swift bank to bank.
    • Copy of Approval to Export,
    • Copy of License/Permit to Export
    • Copy of Statement of Availability of
    • Copy of the Refinery Commitment to Produce the
    • Copy of Vessel Questionnaire
    • Refinery Certificate of Product
    • Copy of Fresh
    • Copy of Bill of
    • Copy of the Port Storage
    • Copy of the Charter Party Agreement(S) To Transport the Product to Discharge

11. Buyer/Buyer’s Bank officer verifies the swift of full POP & 2%

12. Delivery commence as per schedule

13. Upon arrival at the discharge port, the cargo will be subject to CIQ/SGS inspection at the buyer’s expense. Upon completion of SGS/CIQ inspectionbuyer makes 100% payment via MT103-T/T wire transfer within 72 hours from issuance of CIQ/SGS certificate at discharge port.
14. Upon receipt of buyer’s T/T wire payment, seller pays all intermediaries within 24 hours

• Buyer issues ICPO to

• Seller issues SPA Contract (Open for amendments) to Buyer signs, seals, and returns the Draft Contract to Seller for final endorsement.

• Seller issues Partial proof of products;
  1. Commitment to supply
  2. Availability of product,
  3. Analysis Report issued by GOST R
  4. Certificate of Origin
• Seller & buyer jointly sign the Charter Party Agreement CPA from the shipping company and pay the Charter Party Agreement CPA Fees.

• Loading commences and Seller sends to buyer the below documents,

1. Bill of Lading
2. SGS Report,
3. vessel Q88 of the
4. invoice for Guarantee Deposit of the Product

• Upon Vessel arrival at the Port of Destination, the Seller issues ATB for the buyer/buyer's inspection team to conduct CIQ or its equivalents if necessary

• Seller Transfers owner ship Title / Full POP to buyer's
• The buyer discharges the product and Seller pays commissions within 48

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with seller accepted terms and procedures along with Buyer Company Profile, Company Registration Certificate, or a Valid Passport Copy of authorized personnel.
2. Seller issues to buyer the Sales and Purchase Agreement Contract with Commercial Invoice, ICC Warning Letter Buyer sign with initials and return to Seller.
3. Seller provides to Buyer the below Partial POP documents via Electronic Mail or by Fax if

1. Charter Party Agreement CPA to buyer to sign and returns
2. Product Quality Passport (Dip Test result of product)
3. Letter of Commitment to supply
4. Statement of Product Availability
5. Authorization to Sell (ATS)

4. within 2 working days upon receipt and confirmation of the PPOP Documents, Buyer makes payment of 20% of the guarantee deposit of the product of the first month's shipment
5. Seller issues to Buyer within 2 Days the full shipment documents proof of Product (POP)

1. Approval to Export,
2. License/Permit to Export
3. Vessel Questionnaire
4. Refinery Certificate of Product
5. Fresh
6. Bill of
7. Cargo Manifest Ullage Report .

6. Delivery commences as per schedule (buyer’s option)

7. Upon arrival at the discharge port, the cargo will be subject to CIQ/SGS inspection at the buyer's expense. Upon completion of CIQ/SGS inspectionbuyer makes 100% payment via MT103-T/T wire transfer within 72 hours from issuance of CIQ/SG certificate at discharge port.
8. pon receipt of the buyer's TT wire payment, the seller pays all intermediaries within 24 hours

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with seller

2. Seller issues the Takeover of contract addendum for review and endorsement by all

3. Seller issues Proof of Product and Shipping documents as listed below:

1. Bill Of Lading
2. Vessel Tanker Details
3. Product Passport (Dip Test)
4. Product Conformity
5. Proforma Invoice
6. Cargo Manifest

4. Upon receipt of the above documents by the buyer, the buyer makes the payment for the Title Transfer of the vessel via T/T Wire Transfer /
5. Upon receipt of the above payment of the vessel Title Transfer, the Ownership Certificate will be issued and the remaining Proof of Product and shipping documents will be sent to the buyer alongside the SGS Report while the course of the vessel will be re-routed to the current buyer’s discharge port.

Upon arrival of the vessel at the Discharge Port, the vessel captain will hand over all the original POP documents to the buyer representative while the buyer pays for the total contract after SGS, CIQ, or equivalent inspection at the discharge port via T/T Wire transfer and the re-routing fee will be de