Shoughai Mining Limited

We are shoughai mining group. We are registered in
Nigeria to carry out the business of mining and
Exportation of solid minerals in nigeria. In response
To the information we got about your company on the
Internet, we hereby offer you bismuth ore at the
Following terms and conditions--


1) description of commodity: Bismuth ore(nigerian
Origin)

1b) specifications:

Bi:54.00%
Fe:0.06%
Pb:0.37%
Zn:0.002%
Ag:0.008%
As:0.00%
Sb:0.00%

Variations acceptable in the bismuth content of the
Ore is +/- 2%. While for other elements of the ore as
Listed above a variation of +/- 0.35% is acceptable.

Penalty charge: If the as content exceed 0.5% then
Usd10 per metric ton will be deducted so also is for
Sb.


2) quantity:20 metric tons monthly. From
September 2003. Each month the seller supply
20mt/monthly)

3) unit price: Usd3,200. Pmt CIF china. Higher
Purity then higher the price and the lower purity the
Lower price).

4) total amount: Usd64,000.00

5) packaging term: Goods are packaged in a 40kg used
Bags. Packing intact).

6) shipment: Goods shall be shipped in a 20-foot
Container.

7) port of loading: Lagos, nigeria

8)port of discharge: China port.

9) time of shipment: Prompt shipment.

10) insurance: To be effected by the seller for 110%
Value of invoice.

11) inspection: By sgs inspection/cert.

12) terms of payment: By irrevoccable, confirmed,
Transferable and divisible documentary letter of
Credit from a reputable bank acceptable to the seller
Shall be made not later than 24 hours after
Presentation of bill of lading, sgs certificate and
Other relevant documents).

12b) specification of the ore as stated in the sgs
Certificate from the port(country)of loading shall
Be considered as final and shall be acceptable and
Binding on both the buyer and the seller. It shall be
Used as the basis for payment.


Note: USD means united states dollar(currencyof
United states of america).
pmt means per metric ton.