TRADING PROCEDURE:

1. End buyer issue or sign back Irrevocable Corporate Purchase order (ICPO). With Bank Comfort Letter (BCL).
   
2. Seller issues Full Corporate Offer (FCO) and draft contract to send to buyer both by Fax and Couriers.
   
3. Buyer and Seller sign Contract and copies lodged with respective Banks.
   
4. Buyer issues Pre-advice BG to Seller's bank in favour of Seller.
   
5. Seller provides Buyer through Buyer's Bank Proof of Product (POP) and 102% Bank Performance Bond Pre-Advice (issue bank HSBC of Top 25 world Bank) subject to Seller's and Buyer's contract.
   
6. After buyer's bank received 102% Performance Bond Pre-Advice, buyer's bank issue BG within 3 days to activate the Performance Bond.
   
7. Seller nominates vessels, load and gives ETA to Buyer.
   
8. All other Procedures are as in the contract.