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SHIP TO SHIP TRANSACTION

1. Buyer Issues an official ICPO with Full Buyer Banking Details & Company Registration Certificate.

2. Seller issues Commercial Invoice for Quantity of product at Seller Vessel buyer sign and return.

3. Buyer Provides Charter Party Agreement (CPA) for spot STS transaction

4. Seller Verifies Buyers CPA and Issues the Below-Listed Documents.

-Product Passport

-Bill of Lading (B/L)

-Vessel Q88

-Ullage report

-Logistics company Notice of readiness

5. Within 48 hours Buyer Contact Seller Logistics Company to re-route vessel to buyer STS location and

obtain Authority to board (ATB) at buyer Expenses,

6. On Arrival at STS spot, buyer team board seller vessel to dip test products at buyer expenses before

commencement of products transfer.

7. Upon successfully transfer of product from seller vessel to buyer vessel, Buyer within 24 hours make

total Payment via MT103/wire Transfer for the Total Value of the products injected into buyer vessel

and all exportation documentation in Relation to the petroleum products is transferred to buyer.

8. Within 72 hours commission is paid to all intermediaries involve in the Transaction.

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