Thaj Refined Petroleum Products Trading LLC

The buyer will need to submit an ICPO with a Notice of Readiness (NOR) from their tank farm or ship, along with the relevant documents and forms that will be sent to the Buyer. Once terms represented therein are accepted by the Buyer, pricing discounts will be offered. NOTE: No NOR, No deal. This is a very strict policy instituted by the refineries and must be adhered to. The procedures are as follows: 1) Buyer tenders ICPO (with passport & CP) and POF & NOR to Seller 2) Seller responds with Confirmation Letter of fuel availability; 3) Seller issues a Joint Participation Agreement (JPA); 4) Upon receipt of signed JPA, Seller issues CI; 5) Upon receipt of singed CI, Seller issues DTA; 6) Upon Buyer’s receipt of successful SGS report, Seller arranges fuel transfer to Buyer’s tanks; 7) Upon Buyer confirming complete transfer of fuel, Buyer pays for fuel and Seller issues POP & other relative Title docs. ** PLEASE NOTE: These procedures will adjust slightly based on which seller eventually tenders an offer. Seller conducts its banking transactions via the Bank of America Global Markets Trade Desk in New York; your buyer’s banking has to be either in the US or have a corresponding bank in the US.

1. Buyer issues LOI with complete purchase requirement, and KYC + CP 2. Seller issues SCO 3. Buyer issues Irrevocable Corporate Purchase Order (ICPO) accepting seller's price, terms and procedures along with signed RWA /BCL from his bank evidencing availability of funds to transact, and vaid TSA/CPA 4. Seller issues draft of Sale and Purchase Agreement (SPA) contract along with Commercial Invoice. Buyer signs SPA and returns to seller along with verifiable storage tank coordinates. Seller verifies and approves Buyer’s tank farm coordinates, (TSA). 5. Seller provides following Partial Proof Of Product (PPOP) documents via Email or Fax to Buyer. A. Authorization/Authority to Sell (ATS) B. Product Quality Passport (Dip Test result of Product) C. Letter of Commitment to Supply D. Statement of Product Availability E. Reservoir Storage Receipt. F. Allocation Transaction Passport Code Certificate 6. Within 3 days upon the receipt & verification of the above PPOP documents, Buyer provides verifiable Tank Storage Receipt (TSR), Authorization to Inject (ATI) at the Loading port with injection permit. Buyer issues SBLC via SWIFT MT760 to seller's bank. 7. Seller issues 2% Performance Guarantee to Buyer 8. All parties sign NCNDA/IMFPA. 9. Seller issues (DTA) Dip Test Authorization for Q&Q along with complete Fuel Injection Report from the Pipeline/ Transportation Company. 10. Upon satisfactory Q&Q/Dip Test Inspection carried out by either SGS or similar inspection agency, Buyer releases full cost of the liftable product via MT103 TT wire transfer to Seller’s nominated Account within 72 hours and injection to buyer's tanks commences. 11. Seller issues the Title Transfer of Product Ownership / Certificate of Ownership to buyer’s company along with all necessary Export Documents. 12. Seller pays all intermediaries involved in the transaction as per IMFPA/NCNDA.

FOB (ROTTERDAM & HOUSTON) TERMS AND PROCEDURES / NON NEGOTIABLE 1. Buyer issues ICPO + C/P + POF + Buyer's Passport Copy for Data File (OR) Company License. 2. Seller issues commercial invoice (CI) along with POP documents listed below to the Buyer who returns signed and sealed Commercial Invoice (CI) to the seller.  TSR (Tank Storage Receipt)  Injection Report  Unconditional Dip-Test Authorization  Letter of Acknowledgement  Dip-Test Inspection Schedule  ATV (Authorization to verify) 3. Buyer Dip-tests in Seller's tank using SGS (or equivalent) and receives fresh Q&Q Report along with ATSC (Authorization To Sell and Collect). 4. Within 72 Hours, Buyer provides TSR or Vessel storage for Injection of product into the Buyers hired tanks or vessel and returns the NCND/IMFPA signed by all parties involved in the buyer's side to the seller. 5. Buyer pays total cost of product via SWIFT MT103. 6. Seller confirms Buyer's payment receipt, completes injection into buyer's storage tanks/vessel, 7 Both parties release payment to all intermediaries on each side Involved in the transaction. 8. Contract begins with Rolls and Extensions.

.SCI is the largest Tanker owner in India, with a well-diversified fleet of crude oil tankers consisting of all sizes: MR, LR-I, LR-II, Aframax, Suezmax and VLCC Tankers. SCI's Tanker tonnage paralleled the growth of Indian oil industry since the mid-1970s. Till late 1990s the tonnage predominantly catered to Indian crude oil and product transportation. This was done keeping in view the specific constraints of terminals/ports in India and infrastructural limitations like draft, availability of tankages, length/capacity of jetties, etc. SCI's Tanker Commercial Department looks after scheduling and deployment of Tankers for feeding crude oil to various Indian oil refineries. Lighterage operations on the east and west coasts are also undertaken to facilitate quick turnaround of Tankers, which otherwise cannot call on ports due to port restrictions/limitations. The department also ensures commercial deployment of in-chartered tonnage, to meet its obligations of lifting cargo under the Contract of Affreightment (COA).

Liner & Passenger Services Division (L&PS) includes Container Services & Marketing (CS&M), Break-Bulk (BB) and Freight Reconciliation Dept. Container Services forms the largest segment in L&PS Division. This segment provides worldwide coverage for containerized cargoes in and out of Indian Sub-Continent through a combination of direct calls, slot sharing, slot charters and feeder arrangements. SCI Services are predominantly India centric and, hence, SCI provides dedicated and comprehensive coverage to all parts of the country in line with Governments policy of promoting Coastal Shipping & Inland Waterways. Additionally, SCI also covers the Indian Sub-continent locations comprehensively. Break-bulk shipments are being catered to on space charter basis, as and when cargo enquiry is materialized. SCI has space charter arrangements on containerized vessels as well as break-bulk vessels of various Main Line Operators. Focus of SCI and especially CS&M Department has always been to be alive and responsive to the emerging challenges in the industry and adopt the best industry practices and provide its business partners and clientele, safe, reliable and economical shipping services, which is an integral part of our vision and objectives. During the last year, we have made conscious efforts to become even more eco-friendly by resorting to prudent fuel management and optimal network management and scheduling of ships and promoting coastal movement of containers along the Indian coast and we have successfully expanded our coastal business & today we are one of the major coastal operators. Our operating philosophy makes it imperative that we streamline and standardize our procedures and information flow to enable optimum asset utilization, speedier and more consistent decision making, and achieve synergy between Operations, Commercial and Equipment Control segments of the departmen