To assure your buyers about our athenticity, we will move on step further
and issue a swift for the performance bond, but we will issue only 1%
Performance Bond in this case as we are moving everything forward without
any cost to the buyer.

We have 100000 mts of 8 fe content and 58% rejection ready to load at the
port.

Total available quantiy is 500000 mts.

Vessel size is 100000 Mts +/- 10 %


Here is the proceedure we plan to follow.

1)Buyer seller /sign the contract.

2) Seller will issue a MT 701/702 as a swift from our Indian Bank stating
that the PB for 1% is ready.

3) We will expect the Buyer to issue the letter of credit to our Barclays
bank.

4) Seller will make the swift earlier sent into a 1% active PB upon receipt
of the letter of credit.

5) Upon receipt of the letter of credit i will provide them the latest stock
proof ,since this cost INR1.58 per ton.

Buyer can be present at the loading port within 25-30 days.