[Under Negotiation] New Buyer Information: TTV Jurong EN590 200,000 MT

We sincerely appreciate your continued support.
We are currently in discussions with a new buyer regarding the supply of EN590 (10ppm) under a TTO (Tank-to-Tank) Jurong procedure.
This project is being discussed as a large-scale transaction based on continuous monthly supply, under mutual agreement between both parties.

■ Transaction Overview
　Product: EN590 (10ppm)
　Procedure: TTO (Tank-to-Tank) – Jurong
　Quantity: 200,000 MT

■ PROCEDURE
TTO Jurong Procedure：

1. The buyer sends company profile along with the ICPO, including company certificate and data page of the buyer’s passport.
2. The seller issues a Commercial Invoice (CI), The buyer seals and signs and returns the commercial invoice back to the seller.
3. The seller issues the following POP documents to buyer.
   • Refinery Commitment letter to Supply
   • Statement of Product Availability
   • Unconditional Dip Test Authorization (UDTA)
   • Authorization to Seller and Collect (ATSC)
   • Authorization to Verify the Product in the sellers Tank (ATV)
   • TSR
   • Fresh SGS Report
4. The buyer must provide the following documents from their shipping company to the seller.
   A) Notice of Readiness (NOR)
   B) Q88
5. All parties involved in the transaction sign the NCNDA/IMFPA
6. The buyer has the option to conduct a dip test on the product and seal the tank, and makes the payment for the total value of the product injected into the ship/vessel through the means of MT103-TT.
7. The seller transfers the title to buyer. The seller pays commissions to all intermediaries involved in transaction, and subsequently, monthly shipment continues as per terms and conditions of the Commercial Invoice and extension of the transaction by issuing a 12-month contract (SPA) to the buyer for proceeding.
   
   Inquiry Reference No.:2603210951ED