TO THE ORDER OF ING BANK N.V. SINGA

Nature of Business: Financial Institution (Bank)

Business Classification: Neither a manufacturer nor a trading company.

Company Profile:

ING Bank N.V. Singapore is a branch of the Dutch multinational banking and financial services corporation, ING Group. It operates as a financial institution providing a wide range of corporate and investment banking services to multinational corporations, financial institutions, and local enterprises. It does not engage in the production of goods or the trade of physical commodities; rather, it facilitates international trade and commerce by providing financial solutions, such as trade finance, credit facilities, and treasury services.

Note: When you see "TO THE ORDER OF ING BANK N.V. SINGAPORE" on shipping documents like Bills of Lading, it indicates that the bank is the consignee or the entity holding the title to the goods as collateral, typically because the bank has provided trade financing for the transaction.

TO THE ORDER OF ING BANK N.V. SINGAPORE is not a manufacturer or a company that sells products. It is a financial instrument designation used in international trade.

In this context, the entity represents the following:

1. Financial Role: ING Bank N.V. Singapore acts as the beneficiary or the financial intermediary in a Letter of Credit or a Bill of Lading.

2. Purpose: It serves as a security measure to ensure that the title to the goods remains with the bank until the buyer fulfills the payment obligations.

3. Product Scope: The company does not produce or sell goods. It facilitates the trade of various commodities, such as palm oil, coal, minerals, or manufactured goods, by providing trade finance services to the actual exporters and importers.