KYB Document: Gabriele Callegarin

Identification:
Gabriele Callegarin, CEO of CoreEnergyConsortium, with expertise in wine, hospitality, and predominantly oil operations within
Venezuela's Cabimas plain and Gulf of Paria. The enterprise, under my leadership, partners with PDVSA for high-stakes oil
ventures.

Funding Sources:
Our financial backing stems from engagements across the wine, hospitality, and oil sectors, culminating in strategic alliances
with PetroSucre, PetroParia, and PDVSA. These relationships highlight our fiscal strength and capability for industry
collaboration.

Operations:
We are at the helm of oil ventures projecting a CAPEX and OPEX of 2.2 billion USD, with an anticipated output of 190 million
barrels. Expected to generate 12-15 billion USD in business volume, our operations place us at the forefront of the sector.

Sector Transition:
In 2022, I directed the consortium toward autonomous operations, leveraging my international trade and PDVSA partnership
experience to adeptly manage the sector's challenges.

Compliance Measures:
Adherence to AML and CTF protocols is strict, ensuring transparency and accountability within our operations to comply fully
with legal standards.

Consortium Status and Role:

The CoreEnergyConsortium operates as unincorporated join venture, a strategic choice to enhance operational flexibility and
responsiveness. As its CEO and founder, I established this consortium, uniting various energy sector facets, including refineries
and logistics, under one unregistered yet highly professional and ethical banner.

My self Named company ("Gabriele Callegarin GCW"), pivotal from the consortium's inception, underscores our collective intent
and operational ethos.

+352 2 021 0331

Callegarin Gabriele [email protected]
2024.02.01 www.coreenergyconsortium.com
19:10:22 +01'00'
 TERMS AND CONDITIONS

Offer Status
This offer is not binding on any of the parties and does
not form a direct or indirect agreement between any
party.
This Price List and its content are the property of
CEC and is shared at its sole
discretion. The content is proprietary to CEC and not
for public dissemination.
Should it be determined that a mandate with whom this document has been shared, has
intentionally or otherwise given sight of same to a third party, CEC will immediately
deem this an act of bad faith and forthwith terminate its trading,
arrangement with such party.
Any amendment to, or deviation from the Procedures
contained herein will invalidate a Buyers ICPO.
It is therefore the responsibility of the mandate to ensure
procedures and obligations are understood by the Buyer
prior to submission of its ICPO to CFGP.
Please note: Signed Commercial Invoices and Sales
Purchase Agreements are legally binding contracts.
Office hours are 09.00 am Monday to Thursday 20.00 pm Friday from 09.00 am/13.00 pm
Dutch time.
The Receipt of Refinery orientated documents can take
up to seven working days, excluding Saturdays and
Sundays.
Product Availability No guarantee of product is made and for first time
buyers with the refinery only one order shall be deemed
'live' until a successful conclusion of the first sale has been achieved.
 Price

Prices are subject to change without notice due to the

volatile nature of the market, unless all refinery
documentation has been concluded.

Procedures

Procedures are a guide and subject to change without

notice, any change after acceptance shall result in the
cancellation of the ICPO.
 Tank Storage.

The buyer is required to have tank storage for the

transaction and also be able to prove an active
relationship with the Tank Storage Facility. This will
require the buyer as a minimum to have a TSA from a
reputable company.
• Seller and Refinery communicating with Tank Storage company.
• The Buyer securing an activated Tank Storage receipt.
• Physical and unconditional, Dip Test
Authorisation (DTA) or Authorisation to Verify
(ATV) signed by the Tank Storage company.
• The Tank Storage company receiving SGS reports on behalf of the buyer.
• Tank Injection Agreements.
Other services and documents to be advised.
These services may require the buyer to buyer to make
payments to the tank storage facility. We would also
advise the buyer there is a very large number of Tank
Storage Fraud and Scam and they need to be diligent
and take all necessary precautions when they engage
with Tank Farm companies.
Refineries have long-term contracts with specific Tank Storage entities who are the
custodians of the Refineries' product.
The Buyer can only gain access to verify product in Tank via an e-mail to the Tank Farm
from the refinery.
(ATV). The Buyer is not permitted
physical access the Tank Farm while the tank is
registered in the Refinery's name.
Once the buyer has paid its tank storage fees and can provide a valid TSR,
physical access is permitted due to the tank registered
in its name for verification purposes.
FOB- Tank to Vessel: Upon signing of the TTVIA, the
Buyer is obliged to make payment for Injection process
before verifying of the Sellers product. Approximate
cost: $152,000,00
 Commissions

We will pay commissions to the Primary

Intermediaries/brokers delivering the completed
Transaction.
Intermediaries will sign commission
agreements with the Primary Intermediaries.
The Commission is a non-negotiable but fair payment
based on the scale of the transaction.
The Parties will only pay Commissions after final settlement of the
Transaction.
There will be no Fee Protection Agreements (FPA), only a letter stating the Parties will
pay a Commission to the Primary Intermediaries/brokers-No broker chains.
Primary Intermediaries/brokers will be responsible for
disbursement of Commissions with other
Intermediaries at the Primary Intermediaries/brokers discretion.
No "back to back" transactions will be submitted to the
Supplier, notwithstanding the Proxy Buyer may be in
possession of, or have rights to the financial instrument.
This fact in isolation does not constitute a sale as the
Proxy will not be in a position to conclude the
transaction in the absence of the Exit Buyer.
Any Intermediary who tries to interfere with a
transaction is contravening the law, "Tortious
interference with contract" and "Tortious interference
with prospective economic advantage".
Contravening the law is punishable with fines, blacklisting, exclusion
on any future transactions, and/or possible imprisonment.
The Parties will enforce prosecutions on a case-by-case basis.
Any Intermediary who interferes with the transaction,
including not putting the Parties into direct
communication, will, without further notice, be Cease &
Desisted (C&D) and blacklisted from any further
transactions. If an Intermediary makes derogatory
comments on the internet, social media, scam sites,
Facebook, Twitter, or any other form of electronic, or
written/verbal comment in a slanderous/negative
manner, immediate blacklisting will occur with
prosecutions and other punitive actions.
Any Intermediary found to be intimidating or
threatening the Parties, officials, or other staff member
will cause prosecution to the full extent of the law,
blacklisted and banned from ever taking part in any
current or future transactions.
The Primary Intermediaries/brokers will be required to
provide a Know Your Client "KYC" for compliance and
due diligence verification. The Parties will provide the
KYC format.
On completion of a successful transaction, the Parties
will invite the Primary Intermediaries /brokers to receive
payment for services rendered, private information and
notice of protection. This will allow the Primary
Intermediaries/brokers to use the Commissions earned
without fear of prosecution.
Limits of Seller's Liability
The Buyer acknowledges and agrees the Seller has no
liability to the Buyer directly or indirectly resulting from
the Buyers use of this Corporate Offer.
 CORPORATE OFFER

Ref: 24200124UK
General Information on Ports, Product & Procedures:
Origin: Rotterdam
Loading Port: Rotterdam / Singapore/ Houston
Specification: Export Standard quality
Guarantee instruments: SBLC/MT760 DLC/MT700
Payment method: MT103 TT wire transfer
Shipment time: 15-21 days based on destination.
Inspection: SGS or equivalent
Shipping Terms: FOB (Houston and Rotterdam port)
CIF {Any Safe World Port).
Injection time: 3-6 days (time is based on quantity of product) Example: 2M bbls requires 4/5
days
{20,000MT pumped in 24 hours.)
Tank Farm Costs:
Pumping Fees: ($±156,000). Payable by the product owner to the tank farm then to pumping
facility.
SGS costs: ($±680)
NOR: Cost equivalent to a single days storage {Notice of Readiness to receive product).
(Paid by Seller)
ATI: Cost equivalent to a single days storage (Authority to Inject). (Payable by Buyer).
ATV: Cost equivalent to a single days storage (Authority to Verify the Tank).
(Payable by the Buyer).

Kind regards
Gabriele Callegarin
Yours faithfully
Name CoreEnercyConsortium Date: 01 February 2024
Address ٣٢ Rue Marcadet ٧٥٠١٨ Us Ref: 24200201/ukG
Post code ٧٥٠١٨ Your ref.
Residence. Paris
Country FRANCE
Department.
T.A. V. Gabriele Callegarin

Good morning
I need the following documents from you:

1. The full name of your company.

2. The complete address of your company.

3. The place of residence of your company.

4. The country where the company is located.

5. Chamber of Commerce registration.

6.10 copy.

7. Recent bank details. Copy of bank statement.

8. Proof of the address where your company is registered.

Kind regards
Gabriele Callegarin - CoreEnergyConsortium
Yours faithfully
Sales procedure is straightforward:

1. Buyer or representative sends a Letter oflntent (LOI).

2. Seller issues a soft corporate order (SCO).
3. Buyer provides an Irrevocable Corporate Purchase Order (ICPO).
4. Seller issues an invoice with sales conditions (CI).
5. Buyer accepts the invoice and sends everything back signed.
6. Seller issues a Societe Generale de Surveillance (SGS).
7. It is possible to rent tank storage from the seller for five days.
8. Seller and buyer conduct a Point of Purchase, a sample of the product (POP).
9. Seller and buyer perform a Dip (DIP) test at the buyer's expense.
10. Seller and buyer reach agreement on either a Free on Board (FOB) tank to Vessel, a
Cost Insurance Freight (CIF) agreement, or a tank-to-tank agreement.
11. Buyer sends all payments via swift (MT103) to the designated bank of the seller.
12. If the buyer has rented tank storage from the seller, it must be emptied within the
specified timeframe unless otherwise agreed upon. (That the buyer wants to rent the
tank storage longer from the seller).
13. Buyer and seller draft a non-closure agreement.

We regularly rent tank storage at LSI Terminal for our clients, and the buyer may rent it from
us

Kind regards
Gabriele Callegarin
Yours faithfully
 COMMODITY PRODUCT
NAME
PRODUCT TYPE EN590 lOPPM
ORIGIN Kazakhstan
PRICE FOB USD $600,00 Gross/USO $590,00 Nett per MT
CIF USD $540,00 Gross/USO $530,00 Nett per MT
COMMISSIONS Seller USD $ 5 per BBL BUYER USD $ 5 per BBL
SPOT QTY 100.000 MT
MONTHLY QUANTITY TBA
CONTRACT Yes after completion of spot transaction, the Sales
and purchase Agreement (SPA} will be secured by a
SBLC. Only acts a payment guarantee in de event the
buyer defaults on payment.
PAYMENT TERMS: MT 103/TT
INSPECTION: SGS or Equivalent
PORT OF LOADING: Rotterdam

If this offer is acceptable,we look forward to receiving the following documents:

1. Irrevocable Conditional Purchase Order { ICPO ).

2. Customer Information Sheet ( CIS ).

3. Proof of Funds if appropriate.

4. Details of any intermediates with commission expectations.

5. Tank Storage Agreement ( TSA ) or Charter Party Agreement { CPA ) from the first,
Class shipping company .

6. Joint Venture Agreement linking the commercial parties .

The SCO is conditional on the parties reaching a successful commercial agreement,

the attached procedures and term & conditions
 CORPORATE OFFER

Ref: ref 242128UK

NON-NEGOTIABLE REFINERY PROCEDURES.

FOB PROCEDURE (TANK TO TANK) Ref SAD 10124 TIT

1. Buyer issues ICPO containing the seller's procedure with banking details and
scanned copy of buyer's
passport along with Tank Storage Agreement (TSA) from buyer's Logistic
Company and Joint Venture
Agreement to include TSA parties.

2. Seller issues Commercial Invoice (Cl) for the available products in Tank at the
Port, for Buyer's review and
endorsement and return same within three (3) working days for legalization at
the seller's expense.

3. The Seller verifies the Tank Storage Agreement (TSA) provided by the Buyer
which shall require an ATV.
Upon successful verification of the authenticity and availability of the Storage
Facility reserved in favour of
the Buyer, the Buyer provides the Seller with a Tank Storage Receipt (TSR) with
the name of the Seller
refinery reflected thereon. The TSR then will give the refinery access to the
Buyer's tank farm to verify the
allocated tank facility.
4. Seller releases the below POP documents directly to end buyer's secure email.

a) Copy of Legalized Commercial Invoice.

b) Copy of Commitment to Supply.
c) Copy of Injection Report
d) Copy of Fresh SGS (Not Older Than 48 hrs.)
e) Copy of Authority to Sell & Collect (ATSC)
f) Copy of Authorization to Verify (ATV) (only via call or e-mail)
g) Copy of Dip Test Authorization (DTA)
h) Copy of Certificate of Origin
i) Copy of Export license.
j) Copy of Statement of Product Availability.
k) Copy of Tank Storage Receipt (TSR) with barcode and GPS Coordinate.
I) Copy of NCNDA/IMFPA

5. The Buyer Conducts Dip Test of the product in the seller's reservoir.

6. Buyer provides Authority to Inject (ATI) from its Logistic Company to enable
seller to commence Injection of Product into the Buyer's Tank.

7. Within Twenty-Four (24) Hours upon completion of the Injection, buyer makes
payment for the total cost
of the product injected into its tank by MT103/TT wire transfer to seller's
nominated bank account.

8. Buyer lifts product and all intermediaries are paid, Seller and Buyer consider
and signs further contracts after successful transaction.
 CORPORATE OFFER
Ref: 24200125UK
FREE ON-BOARD TRANSACTION PROCEDURE - {TANK TO TANK) Ref
ORIV 18124 TTT
1. Buyer issues an official ICPO with the seller's procedure, passport copy,
banking details along with their Tank Storage Agreement "TSA" and Joint Venture
Agreement (JVA).
2. Seller issues a Commercial Invoice ( Cl ) to the buyer, Buyer signs and returns the
commercial invoice to the seller along with an Acceptance Letter of the sales and
Purchase procedure.
3. Seller verifies the buyer logistics storage company and storage agreement (TSA) with
Port authority.
If the buyer storage agreement is not active or cannot be verified with the local port
authority.
the seller will issue Tank to Tank Injection Agreement (TTIA) "to be signed by the
Buyer and their Storage Facility." Upon receiving the fully signed TTIA, the seller
issues the( POP )below to the buyer:

• Injection Report.
• Product Passport.
• 24 Hours SGS Report.
• Product Certificate of Origin.
• Tank Storage Receipt (TSR).
• Authorization to sell and collect.
• Commitment/Guarantee to Supply.
• Unconditional Dip-Test Authorization.
• Product Title Holder Transfer Agreement.
• NCNDA/IMFPA.
4. If required buyer inspect by SGS (Dip Test In Tanks) on buyer's expenses.
5. Upon successful verification of POP or Dip Test in the seller's tank, buyer provides
Tank Storage Receipt "( TSR ) to seller in order to issue the scheduled Injection
Programming to be signed by buyer storage facility and then injects the product into
buyer's tanks.
6. Buyer makes the payment for the product via MT103, seller transfers the Title Holder
& Ownership of the product to the Buyer.
7. After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with
R&E to Buyer for processing.
 CORPORATE OFFER

Ref: 24200125UK

FOB PROCEDURE (TANK TO VESSEL) Ref SAD 10124 TTV

1. Buyer issues ICPO containing the seller's procedures with banking details and scanned
copy of buyer's passport along with its Charter Party Agreement (CPA), for Seller's
validation along with Joint Venture Agreement (JVA) to include CPA parties .

2. Seller issues Commercial Invoice (Cl) for the available products in Tank at the Port, for
Buyer's review and endorsement and return same within three (3) working days along
with Buyer's Charter Party Agreement (CPA).

3. Seller issues to buyer, Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both

Seller and Buyer's Logistic Company.

4. Upon return of the endorsed TTVIA, Seller releases to the Buyer the following (PPOP )
documents:

a. Copy of Tank Storage Receipt (TSR).

b. Copy of Commitment Letter to Supply
c. Copy of Export License
d. Copy of Limited Authorization to Verify (ATV) (call or email)

5. Buyer contacts the Seller's Storage Company and verifies the availability of the product,
and obtains access to enable Buyer and his team to conduct a dip test on the product in
the Seller's Tank.
6. Seller upon confirmation of Buyer having secured legal access to the product, issues a Dip
Test Authorization (DTA) for Buyer to proceed with the dip test.

7. Up storage Company issue to Buyer the Notice of Readiness (NOR) to inject the product.
on satisfactory result of the dip test on the product by the Buyer and his team, Seller's

8. Buyer issues Q88 and makes available the Vessel for the injection process (ATI) to
commence as scheduled.

9. Upon completion of the Injection, Seller releases to buyer the POP documents shown
below.
a. Copy of Product SGS Report.
b. Copy of Injection Report.
c. Copy of Authority to Sell and Collect (ATSC)
d. Copy of Product passport (analysis test report)
e. Copy of Certificate of Origin
f. Copy of NCNDA/IMFPA

10. Buyer immediately pays for the total cost of the product injected into the vessel via
MT103 TT wire transfer, after which Seller issues title transfer to buyer.

11. Seller pays intermediaries involved in the transaction. Note for Buyers Info:

1. Upon signing of the TTVIA, the Buyer is obliged to make payment for Injection process
before verifying the Sellers product.

2. To secure legal access to the Sellers tank to undertake the Dip Test the buyer will be
required to make payment to the Sellers Tank farm of 1 days storage cost.
(See clauses 5 and 6 above).
 CORPORA TE OFFER

Ref: 24200124UK

PROCEDURE - (TANK TO VESSEL) Ref ORIV18124 TTV

1. The Buyer issues ( ICPO) with banking details, buyer's passport and Charter Party
Agreement (CPA) along with Joint Venture Agreement (JVA).
2. The Seller issues Commercial invoice of the product, Buyer countersigns and returns to
the seller.
3. The Seller provides ( PPOP ) below to the Buyer,

• Statement of product availability.

• Product Passport.
• Certificate of origin
• Tank Storage Receipt (TSR}.

4.Seller creates open communication with the Tank Farm Management.

Buyer extends the Seller Storage Tank for the Dip-Test, Transfer & Injection of the
product into the buyer vessel.
5. After Buyer has extended the Seller's storage tank lease for the Product Dip-Test, Transfer
& Injection, Seller issues the below POP to the buyer.

• Injection Report.
• Product passport.
• Certificate of origin.
• 24 Hours SGS Report.
• Authorization to sell and collect.
• Unconditional Dip-Test Authorization.
• Product Title Holder Transfer Agreement
• NCNDA/IMFPA

6. (Optional) Buyer SGS team re-conducts inspection of the product in Seller's shore tanks.

7. Upon buyer successful verification of POP and Product Dip-Test in the seller's tank,
Seller issues the Tank to Vessel Injection Agreement (TVIA) and Vessel Injection
Programming (VIP) to be signed by all parties.

8. Seller receives the fully signed TVIA & VIP and begin the product injection into the buyer
9. After product Transfer & Injection into the buyer vessel has been completed, buyer makes
the payment for the total product via MT103, seller transfers the Title Holder &
Ownership of the product to the Buyer.

10. After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with R&E to
Buyer for processing.

11. Seller pays commissions to all intermediaries involved, for the initial lift and all
subsequent lifts according to the signed NCNDA/IMFPA.
 000001

TRANSACTION PROCEDURE FOR CIF (ASWP)

BUYER MUST BE FINANCIALLY CREDIBLE

1.
a) Buyer sends confirmation of acceptance of Price and this procedure on official Letterhead
along with buyer's Company Profile, Incorporation Certificate, Copy of Import License, and
Copy of Passport of Signatory.

b) Once buyer's credibility is established by our compliance team, Seller will issue the FCO
to the buyer and buyer will issue official ICPO to the seller.

c) Seller will send SPA. Buyer executes this SPA and returns to Seller. Both parties lodge the
SPA with their respective Banks.

2. Seller issues Proforma Invoice (Pl) for First trail Lift/First Delivery.

3. Buyer's Bank issues to seller bank, draft of irrevocable Confirmed DLC (as per UPC 600 payable at
sight at Port of Discharge for seller's bank approval.

4. In response to the draft, Seller's bank will issue a pre-advice 2% PBG Swift to buyer's bank.

5. Buyer's bank will issue a pre-advice DLC.

a. Within 7 to 10 days Seller Issues Fresh Q&Q by SGS/ Bureau Veritas/ lntertek, on behalf
of buyer.(not older than 72 hours and also the Certificate of origin (Bank to Bank)

b. Buyer Verifies the report and confirms.

c. With the above confirmation from buyer, Buyer's LC and the Seller's 2% PBG will be
activated / becomes operative simultaneously at the same time between both the banks.

6. Upon Seller's Bank approval of LC / within 7 to 10 working days Seller's Bank sends to Buyer's Bank
following original legal documents such as charter party agreement (Q88), Loading and Delivery
schedule etc.

VERZONDEN O r¢fe 2ll24

6. Seller issues PPOP, wicht wil consist of the following documents:

I. Passport product analysis.

II. Notarized Authorization to Sell (ATS)

Ill. Company Registration Certificate.

IV. Tax Registration Certificate

V. Notarized Commitment to Supply

VI.Notarized Statement of availability of Product.

7. Buyer verifies PPOP and if satisfied with the outcome, issues inoperative, transferable / Non­
transferable SBLC/DLC - (CHOICE IS BUYER'S)

8. Seller issues 2% PB to activate the SBLC/ DLC.

9. Seller provides FULL PROOF OF PRODUCT, which will include:

1. Copy of License to export (if applicable)

2. Copy of Approval to Export
3. Copy of Certificate of Origin
4. Copy of Statement of Availability
5. Vessel details, IMO Q88
6. CPA- Charter Party agreement
7. Fresh SGS from vessel at loading port, re-make SGS/CIQ Inspection at discharge port
8. DTAOB- Dip Test Authorization on Board Vessel
9. ATB- Authority to Board
10. B/L cargo manifest
11. Certificate of authenticity
12. Certificate of quality (Issued by nominated Inspection Agency at the Loading Port)
13. Certificate of quantity (Issued by nominated Inspection Agency at the Loading Port)
14. Tanker Ullage Receipt
15. Ship Master's Receipt for Sample
16. Ship Master's Receipt for Documents

VERZONDEN O 1 FEB 2ii24

 000003

10.Ship arrives at destination port and Q&Q inspection is conducted by nominated inspection
agency such as SGS or equivalent others on the goods and checks through the Bill Of lading (BL) and
Commercial Invoice.. Upon satisfactory inspection report, the buyer releases payment via MT103/TT
to seller's bank (100% payable for each shipment) within 3 banking days.

11. Documents from shipping on board vessel. (To be issued after loading)

1. One Full set of 3/3,Ocean Bill of Lading;

2. SGS QjQ 2/2 at the port of loading;
3. Certificate of Origin 1/2;
4. Signed commercial invoice based on the delivered quantity and quality onboard
vessel;
5. Cargo manifest 1 original;
6. Captain's receipt of all documents of the shipped product 1/1.

12. After confirmation of receipt of payment seller shall instruct ship's captain to discharge cargo.

13. Seller sends the title ownership documents to Buyer.

14. Seller Pays all intermediaries' commissions as per IMFPA within 24 hours of receipt of Payment
for shipment from Buyer.

Vl:.kLONDEN O 1 FEB 2024

 000004

STANDARD CIF ASWP TRANSACTION PROCEDURE

BUYER MUST PROVE HIS ABILITY TO RECEIVE, STORE I TRANSPORT

CARGO WHILE SELLER MUST BE A TITLE HOLDER

1. Seller sends official FCO on Official Letterhead (with his company Email Address, Phone & Fax
Numbers, Tax Registration Numbers) duly signed and sealed with official stamp incorporating his
terms and transaction procedure addressed to UKS-SERVICE

2. Buyer issues Irrevocable Corporate Purchase Order "ICPO" with complete banking references,
Company Profile (CP), Company Registration, Copy of Buyer's authorized signatory's Passport and
RWA Letter signed by two of buyer's bank officers and issued to seller's name, which stipulates that
Buyer is RWA to issue financial instrument (SBLC) for payment guarantee of goods ordered.

3. On receipt of buyer's ICPO and RWA Letter, seller issues (amendable) draft Contract (SPA)and a
copy of the Proforma Invoice (Pl) in favor of the buyer and NCND/IMFPA completed by Seller's
Mandate/Broker.

4. Buyer returns to seller the signed and sealed Proforma Invoice and the SPA along with the
IMFPA/NCNDA completed and signed by Buyer, Buyer's Facilitator/ Buyer Mandate Group and all
Intermediaries.

5. Seller issues approved, countersigned and sealed SPA which now incorporates the NCNDA/IMFPA
as an Annexure within the SPA document. Both buyer and seller lodge the legalized SPA contracts in
their respective Banks.

'LG24
VERZONDEN O 1 fEB
 000005

7. Buyer provides evidence of Tank Storage at destination port. Seller loads First Lift/Trial
Shipmentat Port of Loading

8. After loading, Seller's Bank sends to Buyer's Bank Commercial Invoice and full set of Bill of Lading/
shipping documents (Bank to Bank and Mail for information)

i. At Port of Discharge Buyer organizes Q&Q by SGS or equivalent and after positive report Buyer's
Bank releases full Cl amount to Seller's Bank-account following DLC and simultaneously Title of
Ownership is transferred to Buyer

9. MONTHLY DELIVERY: After the Successful Transaction of the trial shipment, BUYER shall issue
IRREVOCABLE CONFIRMED NON-TRANSFERABLE DLC Via MT700 for the Products Specifications for
which the buyer has issued ICPO/LOI

VERZONOEN O 1 FEB 2024