1. Buyer issue ICPO to seller. 2. Seller issues Draft Contract and Commercial Invoice for buyer
to countersign upon acceptance of the terms and conditions. 3. Seller sends to buyer, Commitment to supply and product
availability in storage reservoir, Product Passport and Company
registration certificate. 4. Buyer endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm
nominated by buyer or seller. Buyer has right to nominate its own tank farm. Buyer send the endorsed (TSA) with Buyer
hired Tank Farm to the Seller for verification, before Seller can give Buyer go ahead to pays the tank fee to the tank farm
and obtain the (TSR) to enable seller Pump/Inject the product into the tank
5. Seller issue Dip-Test Authorization to buyer. 6. Upon successful dip test, buyer makes payment by MT103 T/T wire
transfer for the total product available. 7. Seller pays commission to all intermediaries involved in the
transaction.
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