1. NAME OF PRODUCT : Crude Palm Oil

2. ORIGIN : Indonesia / Malaysia

3. SPECIFICATION : - PORAM Standard
FFA (as Palmitic acid) 5.0 % max
M&I (Moisture & Impurities) 0.5 % max
Iodine Value (Wijs) 50 - 55 min
Melting Point Degrees C 33 Degree-39 Degree max
Dobi Value 2.31 min

4. Quantity : 10,000 MT per month (min)

5. Delivery Period : upon contract

6. Price : MPOB or Rotterdam (Nego)

7. Payment Terms : Irrevocable, Unconditional SBLC of one (1) month Contract Value, and every shipment of FOB will be Paid by TT or E-Banking

8. Delivery Terms : FOB Indonesia / Malaysia

9. Delivery : For the delivery within 30-45 days after receiving and Confirmation of SBLC bank instrument

10. Contract Duration : 12 months and may be extended for additional years

11. Quality/Weight : Shore Tank Weight and Quality Report will be final.

12. Inspection : By SGS or independent surveyor Company

13. Loading Port : Dumai or Belawan port, Indonesia / Malaysia Port

14. Adjustment Prices : If the Rotterdam Benchmark prices monthly Average
Increases or Decrease, then the price will be
following For every 3 month's + or - 15%

15. Shipment : In bull

16. Transaction Procedure
a) Buyer issues Letter of Intent (LOI)
b) Seller issues Soft Offer
c) Buyer issues Irrevocable Corporate Purchase Order (ICPO) and acceptance of
Soft Offer. In the ICPO the Buyer provides the name of their Banker, address,
telephone and fax number, Bank account number, Branch Code, Bank
SWIFT/Sort Code number, Bank Officer's name.
d) Seller issues Full Corporate Offer (FCO) and Draft Contract
e) Seller and Buyer signs Contract via electronic ma l and the hard copies to be
exchanged later.
f) Buyer's Bank issues SBLC via SWIFT CODE.