1. Seller sends a soft offer to Buyer.

2. All Parties sign NCNDA & IMFPA.

3. Buyer accepts & sends ICPO/s.

4. Seller issues Commercial Invoice (CI).

5. Buyer signs and returns the signed invoice to Seller. Seller issues to Buyer proof of product (POP) documents:

o Latest SGS report or injection report issued on the product/s

o ATSC - Authority to sell and collect

o DTA - Dip Test Authorization

o Produce Passport - Product analysis report from a renowned inspection company

o Statement of Product Availability

o Commitment Letter to Supply

o TSR - Tank Storage Receipt

o ATV - Authority To Verify the existence of product via email

6. If Buyer deems SGS satisfactory in terms of completeness and freshness, Buyer extends Seller's tank/s by renting them and receives:

o Full GPS coordinates of the tanks

o Hub Numbers, terminal access permit

o Buyer has the option to conduct a confirmatory Dip test immediately with Buyer’s team to obtain fresh SGS report (at Buyer’s cost).

7. Buyer after a successful Q&Q Dip Test on the product, Buyer makes the payment for the total value of the product transferred by the extension of the corresponding tank lease/s via MTI03 – wire transfer.

8. Seller pays all Sell-side intermediaries involved in the transaction & Buyer pays all Buy-side intermediaries involved in the transaction.

9. Once Seller receives the payment for the product from the Buyer, Seller issues to Buyer the Title ownership of the product and all exporting documents of the Product.

10. Seller issues a Sales and Purchase Agreement for the agreed upon time period to be signed with all parties, with possible R/E.