Petroleum

Buyer #1 Proceedures

1. Buyer Sends ICPO

2. Seller issues proforma invoice with POP, tank receipts and SGS report etc.

3. Buyer within 48 hours after receiving POP, SGS report, and Tank Receipts for storage in Houston, the buyers bank send conditional SWIFT WIRETRANSFER (MT103).

4 Payment made against title transfers to buyer or assignee as needed.

Or

1.Buyer sends ICPO

2.Seller sends FCO

3.Seller issues Contract

4. Buyer sends BK RWA POF by Bank FAX in full responsibility

5. Seller sends the tank receipt by bank fax or 799.

6.Upon verification Buyer pays by MT 103/23.

7.The Seller exchanges the title of owner ship-the MT103/23 is free.