Not done a chip on this bike mate. Yes it will be obvious where it goes, unplug your battery terminals and unplug ECU and remove from bike. Yes earth your self out on a radiator or something similar that goes to earth. Open up your ECU and once you have found your chip remove with equal pressure from both ends so not to damage the chip as you remove and also the housing that the chip is located in. Try not to use magnetic screw drivers or anything magnetic near the ECU. There should be a little notch on the chip you are removing at one end, if so take note of which end the notch is and where it is pointing to. Again earth your self as a precaution and fit new chip with the notch pointing in the same direction as the old one. As you push down on the new chip apply even pressure all round so the chip seats its self in evenly. You will see the legs of the chip disappear into the housing which should be about 3-4 millimetres. At this point the chip shouldn't go in any further. Job done reassemble the ECU and fit back on the bike.
Hope this helps mate, good luck.
Rich ;-)