TRANSACTION PROCEDURE CIF
CHEVRON MUNAIGAS INC REFINERY / BUYER COST, INSURANCE, FREIGHT PROCEDURE

1. Buyer Issue Irrevocable Corporate Purchase Order (ICPO) Directly seller’s Mandate company or CHEVRON MUNAIGAS INC REFINERY with buyer's company letterhead indicating company profile and Company registration Certificate along-side with banking information and buyer's international passport, page must be attached with POF.

2. Seller acknowlege Buyer ICPO and apply payment HS CODE for Sales and export product allocation Quota from the Kazakhstan Ministry of Energy, upon a successful of export product allocation Quota application fees fron the Ministry B) The reason for the payment of HS CODE (Sales and Export Product Allocation Quota) is this, before the production ofthe product commences, seller is expected to register the Product allocation to the ministry of Energy.

3. Seller issues Draft Sales and Purchase Agreement Contract for buyer's review and signing with-72 hours.

4. Upon receipt Seller send NCNDA/IMFPA to all intermediaries for signing. Seller legalized & Notarized Partial proof of products, PPOP authentication/approval legalized by the (authority) Ministry of Energy by seller’s expenses. upon receipt, seller send POP Documents to buyer via email:

   a.Statement of Availability of Product

   b.Commitment to Supply

   c.Product Passport

   d.Company Registration Certificate

   e.Product Allocation Export License

5. Buyer appoints CPA Upon confirmation and Approval Marine Port Authority Buyer signs charter Party Agreement with the seller and the shipping Company provided by buyer This is applicable only for 1st shipment, Buyer And seller pay the Shipping Freight to the shipping company via T/T wire transfer directly to the shipping company ( Seller 50% / Buyer 50% ) for shipping of the product to buyer’s final discharge port the fee would later be refunded/deducted when the buyer is paying for the payment ( 1st shipment contract amount).

6. Seller's bank responds with contractual operative 2% PB and send full pop to buyer's bank within seventy-two (72) hours’ upon recipt of buyer's instrument confirmed by seller's bank. Within 5-7 working days commencing loading activities for the transportation of the product to the Buyer nominated unloading port.

7. Seller will provide the below documents to Buyer via courier service, the original Bill of Lading, and any necessary shipping documents to enable buyer handling advance customs clearance upon vessel at the discharge port, seller will also release the full documents to Buyer via email:

   a.Copy of the Charter Party Agreement(S) To Transport the Product to Discharge.

   b,Copy of License to Export, Issued By the Department of the Ministry of Energy.

   c.Copy of export product allocation Quota Certificate Issued on Buyer’s name by the Kazakhstan Ministry of Energy

   d.Copy of Approval to Export, Issued By the Department of the Ministry of Justice.

   e.Copy of the Contract to Transport the Product to the Port• Copy of the Port Storage Agreement.

   f.Statement of Availability of The Product

   g.Refinery Commitment to Supply the Product

   h.The Authorization to Board (ATB) the Vessel for inspection.

   i.Copy of the Resource Certificate • Copy of allocation Number

   j.Copy of allocation Number

   k.Terminal Service Receipts (TSR)

   i.Certificate of Origin

   m.Bill of Lading and Manifesto

   n.SGS reports of Quality and Quantity

   o.Vessel Q88

   p.Certificate of Insurance, issued by the internationally recognized insurance company, for a minimum of 110% of the CIF value of Goods on board each vessel.

   q.Signed Commercial Invoice

   r.Unconditional test Authorization (UDTA) & ATB NOR /ETA

   s.Certificate of Ownership Transfer

   t.Allocation Transaction Passport Code Certificate (ATPCC) by the Ministry of Energy.

   u.Title of Ownership Certificate

   v.ATSC (Authorization to Sell and Collect)

8. Upon the arrival of the vessel at the Buyer discharge port, Payment will be made for the delivered quantity and quality by the Buyer’s Bank via TT/ MT103 to the Seller’s Bank, after the inspection by SGS(CCIC/CIQ) at the port of discharge by Buyer and the delivery to the Buyer’s Bank of all documents required, and Seller issues to Buyer Title of Ownership Certificate.

9. For each shipment after the weight of inspection of CIQ/CCIC at discharge port, buyer releases 100% payment in the amount and the currency (/USD/or other currency equivalents) via Telegraphic Transfer (International remittance) or MT103 to Seller’s designated bank within (3) working days.

10. Seller makes the payment for remuneration of labor immediately to the intermediaries, according to NCNDA/IMFPA after receipt of payments from Buyer, and both parties commence monthly shipment as per the signed and sealed legalized contract.