www.chensihong.org/
chensihong@cableplus.com.cn/
chensihong@chensihong.org/
MSN: chensihong86@hotmail.com/
Date Issued: Date must be less than 5 days old

LETTER OF INTENT
TO :www.chensihong.org
Copy to :C*,Inc.

THRU: Sihong I. & T. Co. Ltd - www.chensihong.org
300,000mt*12 monthly 's contract CIF 77usd/mt
FROM : (Buyer¡¯s Name goes here)

We, (Buyer¡¯s Name goes here), hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below.

COMMODITY: Iron Ore
ORIGIN : Brazilian Brasil Brazil
PACKAGING: Bulk
CHEMICAL COMPOSITION: Fe 65.5% Rejection below 64.5%

SiO2 3.00 % 5.0% MAX

AL2O3 0.70% 2.0% MAX

Phos 0.03% 0.06% MAX

Sulphur 0.01% 0 .03% MAX

K2O 0.01%

CaO 0.02%

MgO 0.03%

Na2O 0.01%

TiO2 0.08%

Mn 0.15%

Sn < 0.01%

Chronium < 0.005%

Zinc < 0.005%

LOI 0.08%

Moisture 8.0% MAX (Loss at 105 degree)

Physical size:

0.15 mm - 3 mm 30% min

3 mm - 5 mm 60% max

5 mm - 10 mm 10% max

MONTHLY QUANTITY: (insert monthly requirement here) DMT / Shipment / Month
CONTRACT LENGTH : 12 Months
LOADING PORT : As per supplier
DESTINATION PORT : (insert port of delivery here)

PRICE : (Should be Invoice Price to Buyer)
PRICE REVISION : Yearly
SHIPPING TERMS : CIF
FIRST SHIPMENT : will ARRIVE within 75 Days after receipt and acceptance of LC. Balance as per final contract.

INSPECTION : Quality, Quantity and weight by SGS certified agencies at Sellers cost at port of loading.
PAYMENT : Irrevocable, Revolving (Fully Funded), Unconditional, Non-Transferable, Confirmed, Letter of Credit.

Corporate PBG : 2% to be submitted by seller
LOI VALIDITY : 14 days from the date of issuance

The Buyer accepts the Following Procedure of closing deal:

A. Buyer sends LOI + BCL

B. Seller Issues Contract

C. Buyer and Seller sign the contract

D. Buyer sends Bank Letter of Readiness (BLR) as per contract via SWIFT to seller

E. Buyer does site-inspection and POP is available for viewing at the site

F. Buyer opens an operative,revolving,non-transferable L/C

G. Seller post 2% operative Corporate Performance Bond

H. Shipment commences as per shipping schedule of the contract

I. Seller presents the L/C payment documents to the bank.

The Buyer is aware that this LOI is being issued on (insert the actual date of the LOI here) to Cenitech,Inc, to be presented to the Seller.

This LOI is the only current active LOI and has been exclusively offered to C*,Inc. for the release of the FCO / Draft Contract. It takes precedence over any other LOI currently in circulation for this quantity and product.

The Buyer is of the understanding that any and all offers and/or contracts are subject to successful Seller verification of funds and that said Seller thus has written permission to conduct a soft probe of the Buyer 's account.

BANKING DETAILS

Company Name:
Company Address:
Contact Person:
Telephone:
Fax:
Email:
Company Bank: (Should be Top 25 World Bank)
Bank Address:
Bank Complete Telephone Number:
Bank Complete Fax Number:
Bank SWIFT/ABA/Routing Number:
Bank Account Number:
Bank Account Holder:

Sincerely Yours,