1.  Seller  issues proforma invoice

2.  Buyer accepts terms of the proforma Invoice by signing/stamping and returning to

     the seller by email.

3.  Seller issues the contract and sends originals of the contract by electronic means.

4.  Buyer signs the contract and sends it to the seller by electronic means (PDF),

5.  Seller signs final contract and send it to buyer by courier.

6.  Buyer and seller depose copy of the contract to their bank.

7.  Buyer’s bank will issue a non operative or an operative Document Letter of Credit

     within 15 (fifteen) working days for the value of 15 000 MT, irrevocable,

     confirmed, transferable to Seller’s bank.

8.  Seller shall issue via SWIFT bank to bank the POP and the 2% performance bond+

     to buyer’s Bank within 15 (fifteen) working days.

9.  Seller will provide a shipping date to be agreed by the buyer.

10. Seller arranges for an analysis by SGS (payable by the seller at the loading port).

11. Shipment starts as per the contract procedure maximum 21-45 days