NON-NEGOT IABLE C.I.F– STANDARD COST I NSURA NCE FREIGHT PROCEDURE FOR TABLE TALK MEET I NG (TTM) 1. Buyer Confirms Soft Offer And Issues An Official Irrevocable Corporate Purchase Order (Icpo). 2. Seller Issues Full Corporate Offer (Fco) Buyer Signs And Return (Fco). 3. Seller's Issues Sales And Purchase Agreement Spa Or Draft Contract Open For Amendment With Payment Instruction For Buyer And His Team Invitation Fee For (Ttm). Invitation Fee Covers Both (Hotel Reservation, Feeding And Security) While In Russian Federation During The Ttm. 4. Buyer Countersigns And Seals The Sale And Purchase Agreement (Spa Or Draft Contract And Send To Seller Via Email. With Payment Confirmation For Invitation Fee. 5. Buyer Visit Refinery, For A Table Meeting (Ttm) With The Board Of Directors. 6. Seller (Refinery) Issues Original Contract For Signatory, Both Parties Exchange Hard Copy Of Contract And Lodges Contract In Their Respective Banks. 7. Seller Sign The Cpa With A Shipping Company And Issues The Full Pop Documents And 2% Pb To Buyer's Banks. 8. Shipment Commences As Per Contract Schedule. 9. Vessel Arrives The Discharge Port And Buyer Carry’s Out The Ciq/Sgs Inspection And Upon A Successful Inspection, Buyer Pays By Mt103 T/T For The Full Product To The Seller. 10. Seller, Within Seventy Two (72) Hours, Pays Commissions To All Intermediaries Involved In The Transaction As Per Ncnd+Imfpa Si gned. TRANSACTION PROCEDURES FOR ROTTERDAM PORT 1.Seller Issue OFFER 2.Buyer Issue ICPO 3.Seller Issue Commercial Invoice for Product Store in Tanks in Rotterdam, Buyer Sign C.I. and return back to sel l er. 4.Seller Issue to Buyer the below listed Documents; A. Commitment to supply. B. Tank storage receipt (Buyer extend seller tank for 2 days, to enable access into the terminal port). C Appointment letter for TTM in Rotterdam. D.Copy of authorization to verify the product physically in the seller's tank (atv). 5. Buyer Travels to Rotterdam with the APPOINTMENT LETTER FOR TTM IN ROTTERDAM to meet with Seller Representatives in Rotterdam for TTM, and Seller Representative Will takes the Buyer to the Storage Tanks where the product is stored in Rotterdam, upon buyer Physical Verification / Confirmation of the Products in Tanks at Rotterdam. NOTE: SGS will be carried out on buyers’ expenses. 6.Seller Issues Dip Test Authorization to Buyer, Buyer Perform Dip Test on the Product and makes Payment via T/T-M103 for the Total Cost of Product. after Dip Test Report is issued to Buyer by SGS, Seller Issue to Buyer Title Ownership of Product and all Exportation Documents, and buyer Lift the Product. 7.Seller pays Commission to Intermediaries as per NCNDA/IMFPA Submitted by Intermediaries. 8.Seller and Buyer sign the monthly Contract for 12 months Delivery period. TRANSACTION PROCEDURES FOB ROTTERDAM PORT 1. Buyer accepts seller working procedure, and issue ICPO addressed to the End seller via Seller's representative. 2. Seller issues commercial invoice (CI) and Buyer signs and returns back commercial invoice along with Buyer’s Tank storage agreement (TSA). 3. Seller provide buyer with the below listed PPOP. A. Product Passport (product analysis report) B. Certificate of origin of the product C. Commitment Letter to Supplier D. Tank Storage Receipt (TSR) E. Tank to Tank Injection Agreement (TTIA) to be signed by Buyer's tank farm 4. Seller provides to buyer with SGS report, Injection Report, unconditional DTA 5. (NCNDA /IMFPA ) will besigned, Seller’s Side Fee, shall to paid by the Seller, and Buyer’s Side Fee shall to paid by theBuyer. 6. 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. 7. Buyer makes payment for total cost of product injected into buyer tanks, via MT103 against final commercial invoice, Seller transfer title ownership to buyer, with all exportati on documents required of buyer for the transaction. TRANSACTION PROCEDURES FOR TANK ER TAKE OVER 1. Buyer issue ICPO with banking details 2. Seller issues complete Tanker Take Over Draft contract of the loaded cargo 3. Buyer signs TTO Draft contract and return to the Seller 4. Seller endorse TTO contract, Seller sends to buyer, the following POP documents which were issued in the initial buyer’s name via emai l 1) Certificate of Product Origin 2) Product Passport (Quantity & Quality Dip Test Analysis Report) 3) Bill of Lading 4) Tanker V essel Q88 Document 5) E.T.A. (Estimated Time of Arrival) Of V essel 6) Ullage Report 7). Freight/Cargo Mani fest 8) Invoice 5. Buyer confirms and verifies the POP documents and Issue TT MT103 payment for the minimum of 10% of the total value of the product to Seller nominated account, to obtain Certificate of Ownership of the cargo and the shipping document will be re-issued in the name of the potential buyer. Seller will re-route the vessel to buyer's destination port upon confirmation of buyer's payment and sends to buyer the information of the clearing agent for the vessel simultaneously and the 10% will be deducted from the total cost of the product. 6. Upon arrival of the vessel at the buyer's discharge port, the buyer verifies the product, performs Dip Test on board seller’s vessel and pays for the product via TT MT103 before CIQ and discharge of the vessel. 7. Seller out pays the intermediaries involved within 72 hours after receipt of payment of the product from the buyer. SPOT FOB AMSTERDAM/ROTTERDAM DIP&PAY PROCEDURE 1. Buyer confirm seller and issue icpo containing the seller's working procedure with banking details along with storage agreement and endorsed imfpa/ncnda. 2. Seller issue commercial invoice for the loaded vessel on the sea with vessel details and commitment letter to supply to buyer. 3. Buyer/buyer logistic sign and return to supplier, immediately seller release to buyer pop below. 4. A >. Unconditional dip test authorization letter (dta) 5. B >. Authorization to sell and collect (atsc) 6. C >. Fresh sgs report analysis 7. D >. Injection report analysis 8. E >. Product passport analysis 9. Upon successful verification of the product buyer and immediately orders sgs, intertek or its equivalent team to conduct dip test on the product to confirm quantity and quality. 10. Following the completion of the dip test, buyer makes 100% payment by MT 103 tt wire transfer for the total product value and seller transfers the title to the buyer and pays commission.