PROCEDURE FOR CHANGE OF NAME ATSC

1. BUYER ISSUES ICPO ON THEIR LETTERHEAD IN ACCEPTANCE TO SELLER DELIVERY TERMS AND PROCEDURE ALONG WITH:

a) BUYER CP.

b) BANKING DETAILS.

c) PASSPORT COPY.

d) VALID TSA FROM GENUINE TANK FARM (NOT TSR) /CPA & Q88

2. AFTER DUE DILIGENCE, SELLER ISSUES COMMERCIAL INVOICE (CI).

3. BUYER SIGNS & SEAL CI & RETURN TO THE SELLER ALONG WITH NCNDA / IMFPA.

4. POP IS EXCHANGED IN HOUSTON/ROTTERDAM PREFERABLY FACE TO FACE IN SELLER OFFICE.

5. BUYER MUST HAVE AN ATTORNEY OR PORT AGENT READY TO RECEIVE THE POP DOCUMENTS IN OUR HOUSTON/ROTTERDAM OFFICE.

6. WITHIN 24HOURS UPON RECEIVING POP BUYER PAYS FOR PRODUCT AND POP IS PROCESSED UNDER BUYER ATS (AUTHORIZATION TO SELL) NAME INSTRUCTIONS **POP INCLUDES (TSR, INJECTION REPORT AND FRESH CONDUCTED SGS ) **

7. BUYER PERFORMS DIP TEST IN THEIR OWN TANKS/VESSEL AT THEIR OWN EXPENSE.

8. SELLER RETURNS NOTARIZED NCNDA / IMFPA TO BE SUBMITTED TO THE RESPECTIVE BANKS.

9. UPON CONFIRMATION OF PAYMENT, SELLER ISSUES FULL POP / EXPORT DOCUMENTS UNDER BUYER NAME INCLUDING ATSC.

10. INTERMEDIADRIES GET COMMISSIONS AS PER SIGNED / EXECUTED NCNDA / IMFPA.

11. AFTER SUCCESSFUL TRIAL, NEXT LIFT COMMENCES AS PER AGREED PRICE & QUANTITY.