HMS 1 & 2

Offer Valid up to  25 .09.2007 .Afterwards subject to availabilty.

Yard Visit is not possible. Visit port of loading.

7. Shipment commences

6. Seller issues 2%   PB

5. Buyer issues LC

4. The Seller will then scan the fully signed, sealed and initialed Contract via Courier the Buyer will personally sign and seal the 4 Hard Copies and return two (2) originals by courier to the Seller.

3. Buyer signs and sends back the contract

2. The Seller issues a draft contract to the Buyer.

1. The Buyer issues a latest Irrevocable Letter Of Intent (LOI) with BCL confirmed by any top 25  prime Banks.[If no BCL no deal is possible]

Procedure:

Inspection: SGS or equivalent at loading port at sellers expenses.

Delivery: CIF ASWP.

Payment terms by confirmed irrevocable,   Transferable LC confirmed by US Banks at sight against presentation of shipping documents

5,           1000 Spot.                    $340/mt

4           10,000 Mt x12-                       $315/mt

3            2000 Mt x12 -                         $320/mt

2.          1000 mt x12-               $325/mt

1                500mtx12-               $328/mt

Price: L TRADERS

Origin: Europe/Libya

Grade: HMS 1/2 (80:20)

Material: Steel scrap

Seller-R-L Portugal

We, Saikishore Global Traders and/or its Associates, hereby declare and confirm, with full corporate authority and legal responsibility, that we are ready, willing and able to offer for sale from our principle sellers, the following commodity as per specifications and in the quantity and for the price as specified in the terms and conditions as stated below.

We can supply in containers