HMS

CHENNAI

GRN METALS INDIA PRIVATE LTD.

FROM:

Expecting your earliest reply.

association.

We thank you for your time, and look forward to long and mutual beneficial

Letter of credit for the of 10,000 Mtn, at the price of 550 usd Pmt Aswp of all sizes of the ship scrap available in the ship breaking material.

OR

If the buyer wish to break and supply as ship scrap is also possible from sellers side, with the fixing of Market price per MT, and advance Of Rs, 60lakh,with MOU, and balance can brought forward as a Letter of credit for the value of 10 crores,

OR,

The seller is offering a one time payment by the way of IRREVOCABLE TRANSFERABLE LETER OF CREDIT, from the AA rated prime bank. For 3 Million $ for the owners ship transfer (Price-which includes government permission and other formalities, which ever is applicable in SRI LANKA, at the time of loading port) Sellers will change owner ship name to buyers name, once the payment is realized from bank to bank

Payment;

submitted upon table top meeting at Chennai.

And GO issued to GRN INDIA METALS PRIVATE LIMITED. As a seller, evidence can be

store the good for shipment. By the buyer Up to India,

The sri Lankan Government has given permission to break at Galle port, to dump /

Permission,

Drought: 9.279. Depth: 12,480.

Breath Mould; 22.310.

Length: overall: 146.010, BP 138.030.

of ship scrap,)

(The remaining half portion of the ship accounted for calculation, total of 14,000Mtn,

Total 37, 677.mtn available, Gross Tonnage: 17,000 Mt LCD, Dead Wgt; 19, 677,

Ship Builder; Tsuncischi ship building, co ltd, 1977, model.

Tonnage

estimate.

duration of scraping is two to three months, a total tonnage of 14,000 + is assed for

And 50 m away from the aft section there is a 10,000 Mt of scrap is available and

which will be completed in 30 days of duration. The forward section is up side down

3000 MT-4000 MT of scrap is available to salvage with out being cut under water

Currently accordingly to our marine engineers observation and evaluation there is

By considering all the facts and the visual inspection of the wreak,

A Signal side Mast, the Main mast and funnel was in tact on the monkey bridge,

Accommodation comprises Four Decks and the wreck listed to port side and leaned over to a rock ,Part of the accommodation on port side(Approximately 50% is submerged in the water, Star Board side hull approximately 30 M in length, 6-7 M in height area was exposed,

The vessel is appeared to be of a bulk carrier with the accommodation situated,

sea surface, Its witnessed by approximately 65,000 Mtn DWT, ship was carrying the fertizilizer, while being to wards, the Sri -Lanka, after a Major Technical Fault, has been broken in to two as a result of hitting a rock in heavy seas about 3-years, ago,

Inspected by a Boat, 50 % of the super structure and the half which was above the

water and report as fallows,

surface, lying approximately 150 M off the shore , ship is immersed in 50 % of the

august 2008, of estimating the weight of the ship wreck visible above the water

The ship is not in a towing state as inspected by self, at Colombo ,dated on 15th of

From your buyer recently issued in the name of our concern, to issue Complete FCO, we need a LOI or willingness later and BCL, and we look forward working together.

Items and as per the terms and conditions specified below. We need a valid offer

We, (GRN INDIA Metals Private Limited.), as a principal seller, the following

PROFORMASOFT OFFER

REF: This refers to my today personnel -discussion with your self and subsequent to our proposal, to take pleasure in submitting our offer at this moment, to your esteemed office, for supplying ship scrap Metal.

SUB: Import Offer ship from Sri Lanka,

Kind Attn : Babu Perla , Purvesh Sharma . INDIA.

INDIA,

Whom so ever it may concern,

TO