TO THE ORDER OF ING BANK

ING Bank N.V., Singapore Branch

Company Introduction:

ING Bank N.V., Singapore Branch, is a prominent financial institution and a part of the global ING Group, a Dutch multinational banking and financial services corporation. In Singapore, ING primarily operates as a wholesale bank, focusing on serving corporate and institutional clients rather than individual retail customers. Its services include corporate finance, financial markets, transaction services, and lending solutions tailored for large corporations, financial institutions, and government entities across various sectors. ING Singapore leverages its global network and expertise to provide sophisticated financial products and advisory services, supporting its clients' domestic and international business needs.

Business Type:

ING Bank is neither a factory nor a trader. It is a financial institution, specifically a bank, providing banking and financial services.

TO THE ORDER OF ING BANK is not a manufacturer or a company that produces physical goods. In the context of international trade and finance, this phrase refers to a legal instruction used in negotiable instruments, such as Bills of Lading or Bills of Exchange.

The phrase indicates the following:

1. Financial Services: It represents the role of ING Bank as a financial intermediary or a secured party in trade finance transactions.

2. Document of Title: It signifies that the ownership of goods (represented by a Bill of Lading) is legally assigned to ING Bank until specific financial obligations are met by the importer or the buyer.

3. Control of Assets: ING Bank holds the title to the goods to ensure payment security, acting as a collateral holder in letters of credit or trade financing arrangements.

In summary, the entity does not sell products; it provides financial instruments and trade finance services that facilitate the movement of goods between international parties.