Hong Kong Fangshi International Investment Group Co.,Ltd

LETTER OF INTENT

WE,HONGKONG FANGSHI INTERNATIONAL INVESTMENT GROUP COMPANY LIMITED,HEREBY
CONFIRM WITH LETTER OF INTENT,THAT WE ARE READY,WILLING AND ABLE TO ENTER IN A CONTRACTUAL AGREEMENT WITH THE BUYER FOR THE UNDER MENTIONED COMMODITY UNDER THE FOLLOWING TERMS AND CONDITIONS:
1. PRODUCT: ORDINARY PORTLAND CEMENT P.O 42.5R
2. QUA
NTITY;25,000 TONS PER SHIPMENT X 12 SHIPMENTS (WITH MORE OR LESS 10% AT SELLERS OPTION).
3. PACKING: 50KG PPBAGS INNER WATE
RPROOF+2MT JUMBO BAGS THE SELLER PRINTS THE LOGO ACCORDING TO THE BUYER'S REQUIRMENT, AS WELL THE PACKAGE.
4. PORT OF LOADI
NG:ANY LOADPORT AT SELLER'S OPTION
5. DELIVERY:WITHIN 30 DAYS AFTER THE L/C RECEIVED
6. PRICE: USD$ 67/MT CIF UMM QASAR
,IRAQ
7. COMMISSION FEES:     USD 1/MT PAYS THE COMMISSION BY THE SELLER
8. ORIGIN:UKRAINE, RUSSIA
OR SELLER'S OPTION
9. INSPECTION: ORDINARY GRAY PORTLAND CEMENT P.O 42.5R CONFORMING TO BRITISH STANDARD  BS12-19
96 CHEMICAL PROPERTIES, AND, ORDINARY GRAY PORTLAND CEMENT P.O 42.5R IS MEASURED BY SGS ACCORDING TO THE STANDARD OF CHINA, SGS FOR QUANTITY AND QUALITY PAID, BY THE SELLER.
10. PAYMENt;'BY 100% IRREVOCABLE, NON-TRANSFERABLE L/C
11. PERFORMANCE B
OND: THE SELLER SIGNED 7% PERFORMANCE BANK GUARANTEE IN ORIGINAL WITH CONFIRMED L/C,OR SIGNED 3% PERFORMANCE BANK GUARANTEE IN ORIGINAL WITHOUT CONFIRMED L/C
13. THE CHARGES OF DISCHARGE: LINER OUT
14. DISCHARGE RATE:    2000M
T PWWD SHINC
15. DEMURRAGE:    USD 10000/24HOURS
16. DESPATCH:     USD 5000/24H
OURS
17. VESSEL AGE IS NOT THE NECESSARY CONDITION
18. PROCEDURES:
18.1 THE SELLER AND BUYER ISSUES CONTRACT.
1
8.2 THE BUYER PROVIDED THE LC SCANNING WHICH ALREADY SIGNED TO GIVE THE SELLER
18.3 THE SELLER SIGNATURE 5% OR 3% PERFORMAN
CE BOND TO GIVES TO THE BUYER