Product Required:
Hard Winter Wheat

Target Price (Per Unit):
US$135

Order Quantity:
300000 MT (one-time)

Delivery Location:
Iran_Islamic_Republic_Of

Payment/Shipment:
Letter of Credit (L/C), Ship by CIF , Deliver 30 days upon confirmation

Category:
Cereals

Additional Information:
March,15 2005 Letter of Intent Dear Sir, We Inc hereby state and represent that it is our intention to purchase and we hereby confirm that we are ready, willing and able to purchase RED HARD WINTER WHEAT in the quantity under the terms and condition as stated below. This representation is made with full corporate authority and responsibility of the above stated buyer. COMMODITY: Red Hard Winter Wheat Crops – 2003/2004 (FOR HUMAN CONSUMPTION) GRADE: 100% Grade #2 (USDA) ORIGIN: USA / CANADA/ ARGENTINA (Seller Option) SPECIFICATION: QUALITY: 100% Grade #2 CROP: New Crops PROTEIN CONTENT: 10-15% MIN and above MOISTURE: 11% MAX SPECIFIC WEIGHT: 71 KG/HI HEAT DAMAGE KERNELS: 0.7% MAX FOREIGN MATTER: 0.8% -1.0% MAX WAX GLUTERN: 25%-27% MAX FALLEN NUMBER: 500 SKC RADIATION: NORMAL QUANTITY: 300,000 MT PACKING: BULK INCOTERMS: CIF, UMM QASR, IRAQ PERFORMANCE BOND: 2% of the L/C value PAYMENT: Irrevocable, Transferable, FFDLC, Revolving. Confirmed Letter of Credit payable 100% at sight on receipt of shipping documents by L.C. Opening Bank Price: USD 138 per MT Shipment: 37,500 MT shipment simultaneously Total Quantity: 300,000 MT INSPECTION: Quality, Quantity, Weight & Phyto by S.G.S. at Seller’s cost and established at port of loading DOCUMENTS: Such as B/L Inspections, Origin, Packing, Invoice, Phyto, and radiation. PERFORMANCE GUARANTEE: 2% of the total value of L.C. to be provided by Seller in unconditional Bank Guarantee as Performance Guarantee. Banking Information: Bank Name: HSBC BANK USA Address: Thank You

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