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COMMODITY: Rail Steel (HMS) from Used Rails
(Saudis do not allow selling the rails as scrap, so they have to melt the old rails and sell them as newly manufactured small pieces of look- a- like rails, and they can be used as scraps only, not as rails)

Origin: Saudi Arabia

Length: Buyer´s Option

Port of Loading: Saudi port

Price: $240/MT, CIF

Quantity: 100,000 MT/ Month for one YEAR = 1,200,000 MT/Year

Payment: By Irrevocable DLC, payable 100% at discharge port (Destination)

Performance Bond: 2% of DLC value

Port of Destination: ASWP (as long as the costs and payments of insurance and maritime freight are preserved without increases)

Inspection: SGS or equivalent inspection company, which is active, available and in operation at the time of needing the service

Validity: 8 working days, or 12 Calendar days

PROCEDURES:
SELLER ISSUES AN SCO TO BUYER TO BE SIGNED AND STAMPED AS ACCEPTANCE

BUYER SENDS A LOI & POF, INCLUDING AN AUTHORIZATION NOTE TO HAVE ACCESS TO THE BEARER, TO VERIFY THE DOCUMENTS SUPPLIED, BETWEEN BANKS OF THE PARTIES (SELLER�´S BANK: BANK OF AMERICA

SELLER, AFTER RECEIPT OF THE LOI AND POF, WILL INVITE THE BUYER AT SELLER'S COSTS TO VISIT THE YARD, WHERE THE MATERIAL IS AVAILABLE

SELLER ISSUES FCO & DRAFT CONTRACT TO BE SIGNED AND STAMPED BY THE BUYER AS ACCEPTANCE


THE REST OF THE PROCEDURE WILL BE REFLECTED AND DETERMINED IN THE CONTRACT IN REGULAR WAY

Composition
Dehydrated meat - Salmon (25%), rice (10%), hydrolyzed chicken liver (digested) (10%), chicken fat (8%), fish animal protein (8%), processed blood protein (5 %), Natural Cartilage Nutrients (5%), Cereal Fruit Flour (5%), Dietary Fiber (5%), Yeast (4%), Salmon Oil (1.2%), Vitamins, Trace Elements, Yucca Extract.

Additional materials
Vitamin A 10,000 IU/kg, Vitamin D3 660 IU/kg, Vitamin E 75 mg, copper sulfate 2.2 mg niacin 30 mg, B1 2.5 mg, B2 2 mg, B6 2 mg L-carnitine (ela0mg.) . /Kg glucosamines (min.) 1000 mg/kg, Chondroitin (min.) 500mg/Kg

Chemical composition
Crude protein (min.) 28%, Fat content (min.) 14%, Crude ash (max.) 8%, Crude fiber (max.) 1.5%, Moisture (min.) 10%, Calcium/ Phosphorus (min.) 1.4% - 1.1%, Omega-6 / Omega-3 (min.) 2.6% - 1.