REFINED SOYBEAN OIL

*Antioxidants TBHQ-30 Max ppm

*Linolenic acid-8%

*Linoleic acid-53%

*Soaps-50ppm max.

*Iodine value (Wijs)-119 - 138

*Saponification index-187 – 195

*Insoluble matter in ethylic ether-0.05% max.

*Minimum Cold Test-24 hours min Density(25/4 C?)-0.9180 - 0.9225

*Max Fat Stability, Active Oxygen Method (AOM)(meg/kg)- 8hrs

*Max Unsaponifiable Matter-1.0%

*Max Peroxide Value (meg/kg), at time of loading-2.0

*Max Free Fatty Acids as Oleic acid-0.05%

*Max Moisture and Volatile Matter (percent by weight)-0.01%

*Color Lovibond Scale( 5 1/4")-Yellow-1. 0-3. 5 Max, Red-1. 0-3. 5

*Odour- bland

*Sediment-0.00

Technicals Speceifications;

With Best Regards,

We look forward to doing future business with you.

Validity of this Offer: 5 Bank Days to date

9 - Delivery begins contract terms and conditions.

the financial Argument.

Sellers Bank issue the proof of product to buyer bank. This will activate

8 - Within 5 banking days from date of issue the operative letter of credit the

7 - Buyer opens operative Letter of Credit

6 - Seller and buyer sign contract and exchange contract by courier

5 - Buyer review and return contract by mail with POF

4 - Seller to prepare sale and purchase draft contract.

3 - Buyer to approve FCO

2 - Seller to prepare FCO

1 - BUYER ISSUES LOI

PROCEDURES

Delivery Period : 30 to 35 days after confirmed of L/C

Inspection: SGS Mandatory. The Goods shall be inspected by SGS in the loading Port at Sellers expense

Unconditional Bank Guarantee for the full purchase price.

Terms Are then: Payment by irrevocable, transferable, and divisible

If Buyer demands other version of Performance Bond. Payment

Or,

Performance Bond: The Buyer will hold 2%(two percent) of the purchase price of each shipment as a Performance Bond of the Seller. After every successfully arrival of each shipment, Buyer will pay out via T/T the mentioned PB of 2%(two percent) to Seller within 3(three) banking days  after each shipment arrived at destination port.

Payment Terms : Documentary Letter of Credit (DLC) irrevocable, transferable, confirmed, divisible, unconditional of credit, payable 100% at sight against  presentation of shipping documents at loading port.

Price CIF : 1,020.00 USD /  MT

Packing : BULK as per seller?s choice,  with buyer?s approval

Destination Port :   ASWP

Monthly Quantity : 20,000MT                       

Contract Terms;  12 months

Total Quantity : 240,000mt CIF Mediterenian

Origin; Brazil,Argentina,USA(Seller`s Choice)

Price CIF : 1,080.00 USD /  MT

Packing : BULK as per seller?s choice,  with buyer?s approval

Destination Port :   ASWP

Monthly Quantity : 12,500 MT                       

Contract Terms;  12 months

Total Quantity : 150,000mt - CIF Mediterenian

Price CIF : 1,150.00 USD /  MT

Packing : BULK as per seller?s choice,  with buyer?s approval

Destination Port :   ASWP

Monthly Quantity : 5,000 MT                       

Contract Terms;  12 months

Total Quantity : 60,000mt CIF - CIF Mediterenian

Origin; Brazil,Argentina,USA(Seller`s Choice)

Commodity : Refined Soyabean Oil

                                    Refined Soybean Oil

We hereby confirm that we are ready, willing and able to sell the follow commodity as per  the specification and in the quantity and for the price  as specified in the terms and conditions as stated below.

To :  WHOM  IT  MAY  CONCERN

December 3rd, 2008

SOFT OFFER

REFINED SOYBEAN OIL-US $880 MT FOB Buenos Aires
IN BULK, or DRUM 200 Liters.

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