Buying Process - Vessel to Tank

1. BUYER ISSUES ~ICPO + CP~

2. SELLER & BUYER EXECUTE PRO-FORMA INVOICE AND LODGE WITH THEIR RESPECTIVE BANKS

3. SELLER PROVIDES LISTED PPOP DOCUMENTS OF PRODUCT & VESSEL:

- BILL OF LADING

- PRODUCT PASSPORT

- CERTIFICATE OF ORIGIN

- EXPORT LICENSE

- VESSEL CARGO MANIFEST

- VESSEL ULAGE REPORT

- VESSEL ~Q88~

- AUTHORITY TO SELL AND COLLECT UPON ~Q&Q~ INSPECITON CONDUCTED BY BUYER.

4. BUYER ON VERIFICATION OF PPOP DOCUMENTS, PROVIDES:

- ATV WITH ON-SHORE SHIPPING AGENT – WHEREBY THE ~ATV~ WOULD PERMIT SELLER/REFINERY TO OBTAIN CONFIRMATION

OF AVAILABILITY OF TANKS (~TSR~) BEFORE THEY ISSUE MATB & ~DTA~ FOR DIP ON BOARD THE VESSEL.

- STORAGE TANK INCHARGE DETAILS (NAME, TITLE, TEL & EMAIL) WHO WILL CONFIRM TO THE REFINERY/SELLER AVAILABILITY

AND RELEASE OF TANKS (KOOLE TANKS AT BOTLEK TERMINAL)

- THE CONFIRMATION SELLER/REFINERY WILL RECEIVE IS:

“TANKS READY AND AVAILABLE FOR DISCHARGE ON RECEIPT OF BUREAU VERITAS Q&Q REPORT”

NOTE:

THE DISCHARGE OF THE FUEL SHALL BE GRANTED AFTER TAKING QUALITY SAMPLES ON BOARD UPON ARRIVAL – IN ORDER TO MEET

THE QAULITY DEMANS OF KOOLE TANKFARM – WHEREBY TRNAS-LOADING COMMENCES AT THAT POINT.

5. BUYER ADVISES SELLER/TITLE HOLDER TERMINAL DETAILS FOR VESSEL TO BERTH AT OIL TERMINAL

6. VESSEL BERTHS AT OIL TERMINAL NOMINATED BY BUYER, VESSEL MASTER ISSUES

- ~MATB~

- UNCONDITIONAL ~DTA~ SIGNED BY MASTER OF THE VESSEL.

7. BUYER CONDUCTS DIP TEST / Q&Q ANALYSIS OF PRODUCT ON BOARD SELLER/TITLE HOLDER´S VESSEL BY BUREAU VERITAS &

PROVIDES COPY OF REPORT TO:

- SELLER/TITLE HOLDER

- THE TANK FARM – IN ORDER TO RELEASE THE ATI UPON PASSING QUALITY REPORT OF PRODUCT PRIOR INJECITON.

8. UPON SUCCESSFUL DIP TEST / Q&Q ANALYSIS SELLER/TITLE HOLDER ISSUES FINAL COMMERCIAL INVOICE PER QUANTITY

DETERMINED IN THE Q&Q REPORT

9. BUYER AFFECTS PAYMENT OF SELLER/TITLE HOLDER´S FINAL CI BY~~ MT 103~~

10. SELLER/TITLE HOLDER DISCHARGES PRODUCT NOMINATED TANKS AND TRANSFERS TITLE OF OWNERSHIP TO BUYER

11. AFTER SUCCESSFUL TRIAL SELLER/TITLE HOLDER AND BUYER CONCLUDE SPA FOR MONTHLY DELIVERIES.

UPON SUCCESS OF THIS DEAL

➢ BUYER WILL ENGAGE SELLER FOR FOUR EXTRA CONTRACTS

➢ BUYER IS ALREADY HAVING TANKS – ON SAME ABOVE PROCEDURE AND REQUIRE MORE SUPPLY TO HIS FOLLOWING CLIENT

LOCATIONS AND LOOKING FORWARD TO DEVELOP THE DEALING WITH OUR SELLER:
1. Beira

2. Maputo

3. Namibia

4. Tanzania

5. Durban

Glossary:

CPO/CP >> irrevocable Corporate offer / Corporate offer

Q88 >> questionnaire 88

Q&Q >> quality and quantity

ATV >> Average transaction value

TSR >> Tank Storage receipt

DTA >> Dip test authorisation

MT 103 >> Bank Standard swift payment message used to make international payments (Direct payment order to a beneficiary’s bank)

MATB. Montanans Against Toxic Burning