NEXT MONTH'S PRICING (U.S) METAL PRICES ARE GOING UP IN DECEMBER




PRODUCT: HMS

QUANTITY: UP TO 100,000/MT PER MONTH

CIF PRICE: 412/MT

ORIGIN: UNITED STATES

PAYMENT TERMS REVOLVING & TRANSFERABLE COMMERCIAL L/C

SHIPMENT TIMES: 15TH OF EVERY MONTH TO THE END OF THE MONTH

PAYMENT DOCUMENTS: COMMERCIAL INVOICE, BILL OF LADING, PACKING LIST




BREAK BULK/LOOSE BULK VESSEL (NO CONTAINERS)




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STEP 1 BANK PROOF OF FUNDS LETTER FOR TOTAL CIF (COST, INSURANCE,

AND FREIGHT) PRICE $41,500,000 WITH BANK HEADER AND

BUSINESS BANKER SIGNATURE. (FAX TO 1- 888-723-7196)




STEP 2 BUYER RECEIVES LETTER OF CREDIT DEPARTMENT DISCLOSURE





STEP 3 BUYER FAXES LETTER OF CREDIT DEPARTMENT DISCLOSURE

(FAX TO 1- 888-723-7196)




STEP 4 SELLER SENDS NEXT 15-CALENDAR DAY SHIPMENT PHOTOS




STEP 5 BUYER CONTRACT SIGNED FOR NEXT 15-CALENDAR DAY SHIPMENT


STEP 6 OPTION (A): ISSUING BANK LETTER OF CREDIT SWIFT MESSAGE TO

THE ADVISING/CONFIRMING BANK




STEP 6 OPTION (B): BUYER UNITED STATES VISIT AND INSPECTION OPTION

(SIGNED CONTRACT CONTINGENCY CLAUSE)




STEP 7 ISSUING BANK TO CONFIRMING BANK LETTER OF CREDIT

TERMS AGREEMENT SWIFT MESSAGE




STEP 8 ADVISING/CONFIRMING BANK TO ISSUING BANK LETTER OF CREDIT

TERMS AGREEMENT SWIFT MESSAGE




STEP 9 COMMENCEMENT OF SHIPMENT ON THE 15TH OF THE NEXT CALENDAR

MONTH