Dear Sir

Below is the LOI received from our buyer, if you can meet the follow terms please send us a soft quote


DATE : 10th October, 2007

Buyer's Code : SUG-TND-MM061218-12.5K / 2007

To : End Suppliers : J.G Processing

LETTER OF INTENT

We,
,Ms.Wendy JIA ,S.manager , hereby confirm that we are ready, willing and able to purchase the following commodity as per specification, quantity and price specified in the terms and conditions stated below. This representation is made with full corporate authority and responsibility of the above.

Commodity : RUBBER SCRAP

Origin : Brazil, etc.

Specifications:
1 Used butyl inner tubes
2 Tyre curing butyl bladders scrap, used butyl bladders
3 Green tyre scrap
4 Rubberized nylon friction
5 Rubberized steel rejects
6 Unvulcanized rubber compound
7 Unvulcanized EPDM compound, off-grade
8 Unvulcanized SBR sheet, off-grade

Packing : in cardboard box, pp bags, etc. as per contract.

Quantity : each kind : trial order of 1x40'HQ FCL, large and regular orders in future, about 100 m/t each monthly

Shipping schedule : about 20 m/t per 40' HQ FCL

Terms of delivery : FOB or CNF Qingdao for 3 (green tyre scrap), FOB or CNF Haiphong for other rubber scrap

PAYMENT

Target Price : US$ per Metric Ton

Payment terms : 100%T/T after receiving the fax B/L and confirm with shipping line.

1. Please take loading pictures which contains both container number and the product.
2. Please show us the weight ticket.

Documentations : - Full Set of Clean On Board Bill of Lading

- Signed commercial invoice in 3 original and 3 copies

- weight ticket

- packing list