Detailed Product Description

LIST PRICE SCRAP FEBRUARY - 2009

* LENGTHS IS FROM 6 M 12 M IN BULK

** CUTTING 1,5 M ADD USD $ 5.00 PER MT

*** SHIPMENTS WIYH 30,000 MT VESSELS

ORIGIN EUROPE, AFRICA, ASIA, SOUTH AMERICA

Payments Terms:

By Irrevocable, SBLC equal to the value of 2 months shipments, payable at sight, at destination port within 7 days, valid for the period of 14 months and 20 days from the date of issue.

Payment for each shipment shall be effected by TELEX TRANSFER (TT) at sight upon presentation by the seller of all agreed documents required for payment.

NOTE:

Ø  Performance Bond cannot be more than 2%;

Ø  Pricing is based on the first year annual volumes;

Preliminary procedures:

Ø  Buyer sends LOI or ICPO with SOFT PROBRE FUNDS;

Ø  Sellers issues sends FCO - Full Corporate Offer;

Ø  Buyer return FCO signed and seal (on each page) + BCL / RWA or MT 799;

Ø  Seller send DRAFT CONTRACT;

Ø  Buyer return DRAFT CONTRACT signed and seal (on each page);

Ø  Seller send HARD CONTRACT;

Ø  Buyer Open non operative payment instrument;

Ø  Seller send the 2% PERFORMANCE BOND which activates the payment instrument;

Shipment commences as per the terms of the contract.

Destination: CIF ASWP

Shipment: in 30/45 days and rest in every 30 days after receipt of payment instrument to the sellers bank

Inspection: SGS at loading port