EN 590 AVAILABLE IN FUJIRAH

TRANSACTION: FOB

INSTRUMENT: NON REQUIRED

PRICE: $380/10

FOB PROCEDURE (TANK TO TANK)

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.
2. Seller issues Commercial Invoice (CI) for the available products in Tank at the Port, for Buyer’s review 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 verification and approval of the
   authenticity and availability of the Storage Facility in favor of the buyer. Seller release the below POP documents directly to end
   buyer’s secure email.
   a) Legalized Commercial Invoice.
   b) Commitment to Supply.
   c) Injection Report
   d) Fresh SGS (Not Older Than 48 hrs.)
   e) ATS -Authorization to Sell & Collect
   f) Authorization to Verify (ATV)
   g) Dip Test Authorization (DTA)
   h) Commitment Letter to Supply
   i) Export license.
   j) Statement of Product Availability.
   k) Tank Storage Receipt (TSR) with barcode and GPS Coordinate.
   l) NCNDA/IMFPA
4. The Buyer Conducts Dip Test in the product in the seller’s reservoir.
5. Buyer provide Authority to Inject (ATI) from it Logistic Company to enable seller commence Injection 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

FOB PROCEDURE (TANK TO VESSEL)

1. Buyer issues Purchase Order (ICPO), Charter Party Agreement “CPA”, Company Registration Certificates and Passport
   Copy
2. Seller issues Draft Contract SPA to the Buyer with the following documents.
   a) Inter Terminal Transfer Operation/ Tanks to Vessel Injection (ITT Protocols);
   b) Quality Report (Product Passport);
   c) Statement of availability.
   d) Commitment to Supply;
   e) Authorization to Verify – ATV;
   f) Inter Terminal Transfer Operation Invoice
3. Upon return of the fully completed and signed SPA/ITT Protocols by Buyer and its logistic company, Buyer is solely
   responsible for the ITT Protocols (Inter Terminal Transfer Operation) cost to the Seller logistics company handling the
   operation securing a legitimate approval for the Transfer of Ownership Title/Allocation to Buyer’s COMPANY name.
4. Seller undertakes Inter Terminal Transfer Service and issues the bellowed proof of product document (POP) to Buyer:
   a) Commercial Invoice showing full price calculation, quantities, API gravity, full amount, and payment value date – 1
   original;
   b) Copy of Certificate of Quantity and Quantity issued by SGS Company;
   c) Certificate of Origin – 1 original;
   d) Copy of Report of Barge Loading or Discharge- 1 original;
   e) Copy of waybill of lading / Transit Declaration- 1 original;
   f) Consignment Note/Delivery Receipt;
   g) Master’s tank’s storage receipt issued by terminal/load port installation;
   h) Injection report showing Time – Sheet countersigned by Terminal Installation master’s or agents on behalf of the master;
   i) Dip Test Authorization-Letter with full Control Tower Details;
   j) Notice of the Buyer vessel Arrival in the loading terminal to commence injection;
   k) Title Transfer Affidavit/ Product Allocation Transaction Passport Code Certificate (AT PCC);
5. Buyer acknowledge and endorse DTA/CI send a copy to terminal master and Seller for dip test analysis schedule date,
   Terminal Master’s shall endorse a copy of DTA approving dip test schedule date and attach with a copy of Notice of Buyer
   vessel arrival in the exact receipt location or loading terminal location to commence dip test and injection of the product
6. Buyer conducts its own DIP TEST and Buyer provides its Vessel information (Q88) and Vessel schedule OPL post.
7. Upon receipt and confirmation of the Good’s inspection of its Quantity & Quality condition in each tank by Buyer, Buyer
   issues an MT103 of the product value within 24 hours upon completion of successful DIP TEST within 10 calendar days
   after Buyer receipt of the Good’s inspection of its quality/quantity inspection.
8. Fuel is transferred to Buyer’s vessel; Seller and Buyer extend the annual contract for 1 year and subsequently monthly
   shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller.