letter of intent

the undersigned , hereby declare and confirm that we are ready, willing and able to purchase the commodity as per specifications and in the quantity and for the price as specified in the terms and conditions as hereinafter set forth.

product: vegetable oils for biodiesel (crude, corn oil, sunflower oil, soya oil, rapeseed oil or any other available for biofuel)

quantity: up to 5.000 mt/month plus r&e

contract period: 12, 36, 60 months , first delivery one spot cargo of 500to 1000 m/t

target price: depending on the product and the available quantity.

destination port: spain

inspection: according to contract

payment: lc with revolving according to contract

performance bond: 2% for the total value of the one year contract

shipping: 20/30 days after receipt and acceptance of the contract

packing required: according to contract

documents: according to contract

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