USED RAILY,HMS1&2,

OKWEDEN COMPANY LTD SOUTH AFRICA

MANAGING DIRECTOR

MR.DENNIS.C.A

We look forward to assisting your company in sourcing and sincerely hope to establish a new and successful business relationship with you in the near future.

Upon confirmation of the terms and condition applied (CA) contract agreement will be forwarded to you for your perusal.

We reserve the right to accept or reject all form of Documentation incomplete or unprofessional email communication.

Please confirm prices from us before any transaction begin!

Note that we can only cut these materials to 1.5 meters on buyers request at buyers expense, but at the moment they are at 12 meters.

Kindly go through the offer and send us the LOI/ ICPO + Current Dated BCL with soft probe permission (LOI on end Buyer?s letterhead with full details) if the buyers are interested to buy and do business with us. Offer is subject to Seller approval.

Validity of Offer: The market prices for commodities and products commercialized by SELLER are subject to change without notice.

3. Packing List: 3 originals and 3 copies.

2. Full set of Clean On-Board Bills of Lading: 3 originals and 2 copies.

1. Signed Commercial Invoice: 3 originals and 3 copies.

DOCUMENTARY LETTER OF CREDIT:

7. Unloading Port inspection report: 1 original and 2 copies.

6. Radioactivity Inspection: 1 original and 2 copies.

5. Certificate of origin: 1 original and 2 copies.

4. Quality certificate issued by SGS at the port of loading:1 original and 2 copies.

3. Quantity certificate issued by SGS at the port of loading: 1 original and 2 copies.

2. Full set of Clean On-Board Bills of Lading: 1 original and 2 copies.

1. Signed Commercial Invoice: 1 original and 2 copies.

DOCUMENTS FOR PAYMENT:SBLC + TT:

5. Buyer will visit our yard for inspection and Shipment commences.

4. Seller opens PB.

3. Buyer opens payment instrument.

2. Seller will issue contract.

BCL must be in verbatim accordance with the sample attached.

1. Buyer will submit LOI and BCL via MT 799 or MT 999 SWIFT.

Procedures:

? All Payment Must be confirmed by a US, South African, Western Europe Bank.

?3) LC confirmable from the buyers bank.

? 2) DLC (payment at loading port against the BL, packing list and Commercial Invoice)

? 1) An UNCONDITIONAL SBLC + TT (at the unloading port)

The acceptable methods of payment are:

Inspection: Quality and Quantity Certificate issued by SGS.CCIC

Incoterms: CIF/FOB

Destination Port: Any Safe World Port (ASWP) main port

Origin: Central Europe or Russia/South Africa or South America

Packing: Bulk

Quantity Order: 5000- 90,000mt / month X 12

Seller's Procedure and Payment Terms must be followed to move forward.

All the prices are CIF, ASWP.

HMS1&2 (ISRI 206-210): US$ 286.50c Net To Buyer.

HMS1 (ISRI 206-208): US$ 286.00 Net To Buyer.

Used Rail (R50-R65): US$ 286.50c Net To Buyer,

New Price List from 02nd Noverber 2009.

ATTENTION: WE ONLY DEAL WITH THE DIRECT MANDATE OF THE BUYER OR THE BUYER ITSELF WHO CAN PROVIDE PROOF OF FUNDS (POF) CAPABILITY ALONE WITH THEIR PURCHASE ORDER TO CLOSE TRANSACTION.

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Managing Director

Dennis C Anuo

We also have presently loaded vessel on TTT/TTO basis. We await your urgent response. Thanks.

13. contract is for a minimum of 12 calendar months

12. delivery is CIF, Buyers nominated port

11. Price is gross USD$6.00,net to buyer is USD$4.00 and USD$2.0 to both side agents.

10. Sellers loaded vessel arrives at the buyers discharge port and Buyer conducts Q&Q inspection at buyers expenses

9.      Sellers Bank sends valid shipping documents and ETA to Buyers Bank.

8.     Upon Confirmation and acceptance of vessel by buyer, Seller loads cargo and sails to the agreed port of discharge.

7.      Upon confirmation of the activated LC, Seller charters Vessel and sends particulars for buyers confirmation.

6.     Within three banking after receiving the buyers Non-Operative LC, Sellers bank issues a 2%PB to buyers bank which automatically activates the Buyers LC and the Buyers LC becomes Operative.

5.     Buyer's bank, within three banking days, issues via SWIFT to Sellers Bank a Non-Operative Irrevocable Transferable, Divisible and Confirmed LC in favour of the seller after the confirmation of the PB from the sellers bank.

4.     Buyers Bank sends by Email to sellers bank a message confirming the willingness and readiness of the sellers bank to issuing an Operative 2% PB within 72 hours after the buyers bank has placed a Non-Operative Irrevocable Transferable, Divisible and Confirmed Letter of Credit to sellers bank in favour of seller.

3.     Buyer and Seller deposit same at their respective Banks.

2.     Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail.

1 Seller signs and seals the contract and dispatches to the Buyer in form of e-mail.

                  PROCEDURE

 We have for sale on monthly shipment and outright purchase, 2 million barrel of Bloc on TTO, TTT, FOB, and CIF. We above are committed in serving you best, so we would like to developing good relationship with our customers around the world. Below is one out of our procedure and offer in the sale and purchase of crude oil on CIF basis.

 We are registered and partners with of perfect general international, a crude oil seller with allocation from NNPC Nigeria direct mandate of the NNPC.

We the above company would like to notify you in the sale and purchase of bonny light crude oil also known as Nigerian light crude oil.

USED RAILWAY,HMS1 HMS2,CRUDE OIL,BONNY LIGHT,BRENT