3. Payment Terms for Prospective Lessees

For first-time and prospective Lessees, payments for tank storage lease fees, security deposits, and related charges are strongly advised to be made using one of the following preferred settlement methods, which allow for faster confirmation, streamlined compliance, and more efficient refund handling where applicable:

• USDT (Tether) via designated blockchain wallets, which provides enhanced transparency, operational efficiency, and simplified reconciliation, particularly in circumstances where a refund becomes necessary due to non-performance by a supplier, terminal

  These payment methods are implemented to support compliance with applicable international regulations, mitigate sanctions and correspondent banking risk, and reduce administrative and governance delays.

  Where a Lessee elects or insists on making payment directly into Pacbulk Shipping Pte. Ltd.’s company bank account, such payments shall be subject to enhanced commercial and compliance conditions, including:

  • A minimum tank lease commitment of fifteen (15) consecutive calendar days, or a minimum upfront security deposit equivalent to USD 1,000,000 (One Million United States Dollars), whichever is higher; and

  • The Lessee’s obligation to provide, upon request, documentation reasonably required for due diligence and verification, which may vary depending on transaction size and storage location, including but not limited to:

    • Local Singapore company registration documents or evidence of an approved Singapore-based operating partner

    • Product MSDS, specifications, and certificate of origin

    • Ultimate Beneficial Owner (UBO) disclosure and ownership structure

    • Anti-Money Laundering (AML) compliance documentation and declarations

    • Sanctions and blacklist screening declarations, confirming that the Lessee and its principals are not listed on any international sanctions lists, including those maintained by the UN, EU, or OFAC

    • Recent financial statements, bank comfort letters, or references from Tier-1 banks, where reasonably requested

  The Lessee further acknowledges that bank-based payments are subject to internal governance, compliance review, and board approval procedures, and that in the event a refund becomes necessary, processing may take up to twenty-one (21) business days, exclusive of correspondent banking or regulatory delays. By proceeding with a bank transfer, the Lessee expressly accepts these timelines and conditions.