From: To: "'George Thomas'" , , , "'Elyas Niroomand Toomaj'" , "'Majid'" Cc: "'Elyas Niroomand Toomaj'" References: <7870e41518ded.65084849@emiholdings.ae> <00ad01d9ea30$8828df10$987a9d30$@sej-global.com> <7880c28f1ffaf.650ae17d@emiholdings.ae> <004e01d9ebd9$e67be490$b373adb0$@sej-global.com> <77f0fe581adf0.650bfa8c@emiholdings.ae> <7a20a9421bb02.650bfd7a@emiholdings.ae> <78c0b54d1b223.650bfdba@emiholdings.ae> <78b0fba61eb6f.650bfdfa@emiholdings.ae> <7810ee2d1c861.650c36b5@emiholdings.ae> <01be01d9eef8$81e8d480$85ba7d80$@sej-global.com> <77e0fc77394c.6513edcd@emiholdings.ae> <7910be35649b.6514261c@emiholdings.ae> In-Reply-To: <7910be35649b.6514261c@emiholdings.ae> Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Date: Sat, 30 Sep 2023 08:09:45 -0700 Message-ID: <000501d9f3b0$2a67f530$7f37df90$@sej-global.com> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_0006_01D9F375.7E0BB540" X-Mailer: Microsoft Outlook 16.0 Thread-Index: AQF5d6OeMzdM6icNSeubKy1DDAQouQFsRb1+AsxFAzgCdwfMrAJuqcG3ASNXZNMBQSE4sgJLkWmRAqDEadkDByaCxQIzOijXAksPiCoBQf/izw== Content-Language: en-us X-OlkEid: 00000000DC5BD8652986F94192DFB420325B8F280700C3B68E10F77511CEB4CD00AA00BBB6E600000000000E000069A8DDD4EA3E43449A05B1D5C2B1A00100000000104C0000EC77F268699D8841B4052A73F994F011 This is a multipart message in MIME format. ------=_NextPart_000_0006_01D9F375.7E0BB540 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit Dear Sir, Thank you for your good comments. We are reviewing the commented contract. Please consider that , as per our discussion with the management, we have added the discount for your good company, the final price will be 18.5 discount, in case of confirmation please let us know to proceed. Looking froward to hearing from you very soon. Regards, Elyas From: George Thomas Sent: Wednesday, September 27, 2023 1:55 AM To: info@sej-global.com; mmoqadassi@yahoo.com; info@femengineering.no; 'Elyas Niroomand Toomaj' ; 'Majid' Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Importance: High Dear Elyas, My thanks for providing the document where the intent of the Commercial Department is outlined, and the conditions stated. I can easily understand, given the nature of the proposed clients many of the terms and conditions in this SPA but I do have some observations which you may wish to consider. They are: 1. I have attached a copy of your document which I have reformatted for ease of reading. In addition, I have removed any spelling errors I found along with any curious effects in the font sizes and spacing. 2. There is a major problem in that SPA does not have any details of the Seller, thus making it impossible for any proposed Buyer to issue a cheque or make any payments. The Seller, even if a proxy, should be included in the document. 3. The document starts on the basis of a "Tanker Take Over" (TTO) but continues, correctly I believe, as a Vessel To Tank (VTT) contract, this anomaly needs correction. 4. The document assumes a signature date in the past and thus is not signable. The signature date and validity need updating. 5. It seems to us that there is no value in declaring that the BOL quantity measure will be the basis of the invoicing. Certainly, it is a guideline but when the client does the dip test (Q&Q) the measure at that time must determine what is the maximum potential commercial invoice +/- 10%. 6. Similarly, the quality of the product is stated as an attachment to the contract; if one insists on the possibility of a variance from that quality statement, the variance allowance must be well defined and not simply a broad and undefined comments about an 8%ariance. It begs the question, 8% of what exactly? 7. There is a misnumbered "Note" in Article 7, since there is only one note, it cannot be stated as "Note 3". 8. The issuance of the guarantee cheque is understandable but why would a bona fide Buyer issue a cheque in an amount that was one point four time the possible maximum invoice. 9. Also, once the Buyer has paid the USD two million advance payment as a cost of gaining dip test authority for the stated quality and quantity of product, any guarantee cheque should be returned. We have no doubts that any legal or commercial department would insist on such a return. 10. There is a lot of redundancy in Clause 10. Much of the substantive prose is repeated and this will ultimately cause confusion. The aim should be to state it clearly once and only once. 11. We took the opportunity to fill in the remainder of Article 13 which finished mid-sentence and was incomplete. The meaning seemed clear, so I took the opportunity of completing it. Finally, based on telephonic advice we replaced the discount value and increased the discount it from USD $18 to USD $20 per barrel. We are ready to proceed but will need clarity and correction of the issues raised above in this email. I have attached the reformatted and spell-checked document in both MS Word and PDF format. On 24/09/23 07:05 PM, info@sej-global.com wrote: Dear Thomas, Good evening, Attached please find the final draft as per our latest procedure and discussion with Mr. Moghaddasi, Appreciate if you would fill your company details, sign and stamp and send it back to proceed. The vessel is in Qingdao now and waiting for your good instructions. Looking for your kind feedback, Regards, Elyas Commercial department From: info@sej-global.com > Sent: Thursday, September 21, 2023 4:09 AM To: 'George Thomas' >; 'mmoqadassi@yahoo.com' >; 'info@femengineering.no' >; 'Elyas Niroomand Toomaj' >; 'Majid' > Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Dear Thomas , Good day, To sum up the discussions and our intention to start working with you, we can confirm following procedure : 1. Contract signature 2. Issue a bank cheque in Dubai with the amount of 140% of total values of the cargo 3. Release documents of the vessel and issue dip test authorization and make dip test at OPL 4. After dip test result confirmed make 2 million USD payment 5. Vessel will approach to the port and get entry notice and Buyer shall pay 20% after entry notice and before vessel entering to anchorage 6. Pre custom shall be under the name of seller till full payment and cargo agent firstly shall be seller’s nominate company, in case of termination of the contract due to not payment from the buyer side, buyer shall issue the cancelation letter to the custom latest by 12 hours after request of the seller 7. Buyer shall make another 20% after tender NOR at the anchorage 8. Vessel will get berth order and buyer shall start to make the remaining payment before discharge up to 100% Please check the procedure and in case of acceptance let us know to proceed. Regards, Elyas From: George Thomas > Sent: Thursday, September 21, 2023 1:28 AM To: info@sej-global.com ; mmoqadassi@yahoo.com ; info@femengineering.no ; 'Elyas Niroomand Toomaj' >; 'Majid' > Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Importance: High Dear Sir, My thanks for your response but unfortunately you are still not matching the original offer, which has already been made to our clients. It is our company's responsibility to ensure that the client is real and will complete the contract on a successful Q&Q at OPL. Our SPA will make the purchase legally binding upon a compliant Q&Q, plus the client will be involved in considerable expense to carry out the testing at OPL. Far too much cost for any organisation which is "playing" or has no real intent to perform. It is not conceivable that a client will pay USD $2 million for the name of a ship, which by its very nature can be anywhere the following 24-hours and which could contain any cargo suitable for that vessel. Of course, no one doubts the veracity of your information but for no apparent reason you have changed the offer and asking for a level of trust from new clients that is, in the current market and at this stage of the relationship, impossible. Your original offer made excellent sense. The client gains firsthand knowledge of the cargo by Q&Q; then immediately transfers an advance payment of USD $2 million, the vessel then proceeds into port and begins to discharge the load while the client transfers the balance, always adjusting at the end of the process by +/- 10%. If you can keep to your original offer, we can proceed and review the contract so that it reflects the deal we have in front of us, Regards George A. Thomas GM, Legal and Administrative Affairs Emirates International Holdings Group Tel: +971 4 255 2929 Cell: +971 55 781 7599 Email: george.thomas@emiholdings.ae On 20/09/23 07:48 PM, info@sej-global.com wrote: Dear Thomas, Good evening, Based on our discussion with our management please consider following items: 1. We will give you name of the vessel and specification of the on board cargo 2. Contract signature 3. You will make 2 million USD down payment which will be deducted from final value of the cargo 4. We will issue the dip test authorization at OPL and give all requested document 5. After dip test confirmed result, you will make the remaining payment up to 100% 6. We will transfer the title and charter party of the vessel and instruct the vessel to discharge at your nominated discharge port Please advise about above plan and make the required comments on the contract to proceed. Looking forward to hearing from you very soon. Regards, SEJ Company From: George Thomas > Sent: Wednesday, September 20, 2023 1:12 AM To: info@sej-global.com ; abunader@emiholdings.ae ; mmoqadassi@yahoo.com ; info@femengineering.no ; 'Elyas Niroomand Toomaj' >; 'Majid' > Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Importance: High Dear Elyas, My thanks for your email and quick response. I wish to refer you to an earlier email (9-4-2023) from you and your colleague which we based our client's expectations upon and indeed drafted documents in line with your comments. The key elements of your email are listed below: 1. Vessel name and BL shall be provided and dip test in OPL is also can be arranged if buyer has representative to perform it 2. Buyer shall make 2 million USD as down payment and buyer shall nominate storage tank agreement 3. 20 % after entry notice to the anchorage 4. 80% after berthing notice 5. Vessel will be discharged after full payment received into seller nominated bank account As you can see, the very first point allows the prospective client to carry out Q & Q at OPL destination port. This is reasonable and normal practice. It is essential that this ability to Q&Q before any advance payment is agreed in principle prior to any further administrative effort by us to review, reform and structure the agreement. Offered and agreed terms must be retained else chaos ensues. We remember when this possible contract was based on Ex-Shore Tank terms. We spent a great deal of time and effort (cost) in perfecting the documents and then the deal did not go ahead for your internal reasons. We cannot continue to bear the costs when contracts seem to disappear on whim. Please revert to the offered terms. Regards George A. Thomas GM, Legal and Administrative Affairs Tel: +971 4 255 2929 Cell: +971 55 781 7599 Email: george.thomas@emiholdings.aw On 18/09/23 05:03 PM, info@sej-global.com wrote: Dear Thomas, Good afternoon, Thank you for your email. Regarding 2 million USD down payment we have discussed with Mr. Moghaddasi and already informed him about our concerns. There are many requests and we need to separate the serious buyers, and we have concerns of spreading the information in the market. For this reason we put down payment and in case of receiving down payment we will release the vessel information. This down payment will be deducted from the total value of the cargo, and our previous buyers has already confirmed for this item and perform it as per our request. But for proceeding please correct any item in the contract and then we will check with our management and inform you about it. Looking forward to hearing from you very soon. Regards’ Elyas From: George Thomas > Sent: Monday, September 18, 2023 1:53 AM To: info@sej-global.com ; abunader@emiholdings.ae ; mmoqadassi@yahoo.com ; info@femengineering.no ; 'Elyas Niroomand Toomaj' >; 'Majid' > Subject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed Pricing Importance: High Dear Elyas, My sincere thanks for your email; I began reviewing the document but immediately there is a condition which was not agreed in our previous discussions. The offending clause is as below: Note 1: After contract signing, the buyer will make the payment of 2 million USD in the seller’s nominated bank account and after receiving the down payment, the seller will send a copy of the full set of shipping/cargo documents to the buyer for verification and acceptance. Please review and send us an agreement that reflects the prior discussions, Regards, George A. Thomas GM, Legal and Administrative Affairs Emirates International Holdings Group Tel: +971 4 255 2929 Cell: +971 55 781 7599 Email: george.thomas@emiholdings.ae ------=_NextPart_000_0006_01D9F375.7E0BB540 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable

Dear Sir,

 

Thank you = for your good comments.

 

We are = reviewing the commented contract.

 

Please = consider that , as per our discussion with the management, we have added = the discount for your good company, the final price will be 18.5 = discount, in case of confirmation please let us know to = proceed.

 

Looking froward to hearing from you very = soon.

 

Regards,

Elyas

 

From: George Thomas = <george.thomas@emiholdings.ae>
Sent: Wednesday, = September 27, 2023 1:55 AM
To: info@sej-global.com; = mmoqadassi@yahoo.com; info@femengineering.no; 'Elyas Niroomand Toomaj' = <elyas.niroomand@gmail.com>; 'Majid' = <majid.z43@gmail.com>
Subject: RE: LOI NO. = EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST |Confirmed = Pricing
Importance: High

 

Dear = Elyas,

 

My thanks for providing the document where the intent = of the Commercial Department is outlined, and the conditions stated. I = can easily understand, given the nature of the proposed clients many of = the terms and conditions in this SPA but I do have some observations = which you may wish to consider. They are:

 

1. I have attached a copy of your document which I = have reformatted for ease of reading. In addition, I have removed any = spelling errors I found along with any curious effects in the font sizes = and spacing.

 

2. There is a major problem in that SPA does not have = any details of the Seller, thus making it impossible for any proposed = Buyer to issue a cheque or make any payments. The Seller, even if a = proxy, should be included in the document.

 

3. The document starts on the basis of a "Tanker = Take Over" (TTO) but continues, correctly I believe, as a Vessel To = Tank (VTT) contract, this anomaly needs = correction.

 

4. The document assumes a signature date in the past = and thus is not signable. The signature date and validity need = updating.

 

5. It seems to us that there is no value in declaring = that the BOL quantity measure will be the basis of the invoicing. = Certainly, it is a guideline but when the client does the dip test = (Q&Q) the measure at that time must determine what is the maximum = potential commercial invoice +/- 10%.

 

6. Similarly, the quality of the product is stated as = an attachment to the contract; if one insists on the possibility of a = variance from that quality statement, the variance allowance must be = well defined and not simply a broad and undefined comments about an = 8%ariance. It begs the question, 8% of what = exactly?

 

7. There is a misnumbered "Note" in Article = 7, since there is only one note, it cannot be stated as "Note = 3".

 

8. The issuance of the guarantee cheque is = understandable but why would a bona fide Buyer issue a cheque in an = amount that was one point four time the possible maximum = invoice.

 

9. Also, once the Buyer has paid the USD two million = advance payment as a cost of gaining dip test authority for the stated = quality and quantity of product, any guarantee cheque should be = returned. We have no doubts that any legal or commercial department = would insist on such a return.

 

10. There is a lot of redundancy in Clause 10. Much of = the substantive prose is repeated and this will ultimately cause = confusion. The aim should be to state it clearly once and only = once.

 

11. We took the opportunity to fill in the remainder = of Article 13 which finished mid-sentence and was incomplete. The = meaning seemed clear, so I took the opportunity of completing = it.

 

Finally, based on telephonic advice we replaced the = discount value and increased the discount it from USD $18 to USD $20 per = barrel.

 

We are ready to proceed but will need clarity and = correction of the issues raised above in this email. I have attached the = reformatted and spell-checked document in both MS Word and PDF = format.

On 24/09/23 07:05 PM, info@sej-global.com = wrote:

Dear = Thomas,

 <= /o:p>

Good = evening,

 <= /o:p>

Attached = please find the final draft as per our latest procedure and discussion = with Mr. Moghaddasi,

 <= /o:p>

Appreciate = if you would fill your company details, sign and stamp and send it back = to proceed.

 <= /o:p>

The vessel = is in Qingdao now and waiting for your good = instructions.

 <= /o:p>

Looking for = your kind feedback,

 <= /o:p>

Regards,

Elyas =

Commercial = department

 <= /o:p>

From:= info@sej-global.com <info@sej-global.com> =
Sent: Thursday, September 21, 2023 4:09 AM
To: = 'George Thomas' <george.thomas@emiholdings.ae= >; 'mmoqadassi@yahoo.com' <mmoqadassi@yahoo.com>; = 'info@femengineering.no' <info@femengineering.no>; = 'Elyas Niroomand Toomaj' <elyas.niroomand@gmail.com&g= t;; 'Majid' <majid.z43@gmail.com>
Sub= ject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST = |Confirmed Pricing

 <= /o:p>

Dear Thomas = ,

 <= /o:p>

Good = day,

 <= /o:p>

To sum up = the discussions and our intention to start working with you, we can = confirm following procedure :

 <= /o:p>

  1. Contract signature
  2. Issue a bank = cheque in Dubai with the amount of 140% of total values of the cargo =
  3. Release documents of the vessel and issue dip test authorization = and make dip test at OPL
  4. After dip test result confirmed make 2 = million USD payment
  5. Vessel will approach to the port and = get entry notice and Buyer shall pay 20% after entry notice and before = vessel entering to anchorage
  6. Pre custom = shall be under the name of seller till full payment and cargo agent = firstly shall be seller=E2=80=99s nominate company, in case of = termination of the contract due to not payment from the buyer side, = buyer shall issue the cancelation letter to the custom latest by 12 = hours after request of the seller
  7. Buyer shall = make another 20% after tender NOR at the anchorage
  8. Vessel will = get berth order and buyer shall start to make the remaining payment = before discharge up to 100%

 <= /o:p>

Please = check the procedure and in case of acceptance let us know to = proceed.

 <= /o:p>

 <= /o:p>

Regards,

Elyas =

 <= /o:p>

 <= /o:p>

 <= /o:p>

From:= George Thomas <george.thomas@emiholdings.ae= >
Sent: Thursday, September 21, 2023 1:28 = AM
To: info@sej-global.com; mmoqadassi@yahoo.com; info@femengineering.no; = 'Elyas Niroomand Toomaj' <elyas.niroomand@gmail.com&g= t;; 'Majid' <majid.z43@gmail.com>
Sub= ject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST = |Confirmed Pricing
Importance: High

 <= /o:p>

Dear = Sir,

 <= /o:p>

My thanks = for your response but unfortunately you are still not matching the = original offer, which has already been made to our clients. It is our = company's responsibility to ensure that the client is real and will = complete the contract on a successful Q&Q at OPL. Our SPA will make = the purchase legally binding upon a compliant Q&Q, plus the client = will be involved in considerable expense to carry out the testing at = OPL. Far too much cost for any organisation which is "playing" = or has no real intent to perform.

 <= /o:p>

It is not = conceivable that a client will pay USD $2 million for the name of a = ship, which by its very nature can be anywhere the following 24-hours = and which could contain any cargo suitable for that vessel. Of course, = no one doubts the veracity of your information but for no apparent = reason you have changed the offer and asking for a level of trust from = new clients that is, in the current market and at this stage of the = relationship, impossible.

 <= /o:p>

Your = original offer made excellent sense. The client gains firsthand = knowledge of the cargo by Q&Q; then immediately transfers an advance = payment of USD $2 million, the vessel then proceeds into port and begins = to discharge the load while the client transfers the balance, always = adjusting at the end of the process by +/- = 10%.

 <= /o:p>

If you can = keep to your original offer, we can proceed and review the contract so = that it reflects the deal we have in front of = us,

 <= /o:p>

Regards=

 <= /o:p>

George A. = Thomas

GM, Legal = and Administrative Affairs

Emirates = International Holdings Group

 <= /o:p>

Tel: +971 4 = 255 2929

Cell: +971 = 55 781 7599

Email: george.thomas@emiholdings.ae=

On 20/09/23 07:48 PM, info@sej-global.com = wrote:

Dear = Thomas,

 <= /o:p>

Good = evening,

 <= /o:p>

Based on = our discussion with our management please consider following = items:

 <= /o:p>

  1. We will give you name of the vessel and specification of = the on board cargo
  2. Contract signature =
  3. You will make 2 million USD = down payment which will be deducted from final value of the cargo =
  4. We will issue the dip test = authorization at OPL and give all requested document
  5. After dip test confirmed = result, you will make the remaining payment up to = 100%
  6. We will transfer the title and charter party of the = vessel and instruct the vessel to discharge at your nominated discharge = port

Please = advise about above plan and make the required comments on the contract = to proceed.

Looking = forward to hearing from you very soon.

 <= /o:p>

Regards,

SEJ Company =

 <= /o:p>

 <= /o:p>

From:= George Thomas <george.thomas@emiholdings.ae= >
Sent: Wednesday, September 20, 2023 1:12 = AM
To: info@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; info@femengineering.no; = 'Elyas Niroomand Toomaj' <elyas.niroomand@gmail.com&g= t;; 'Majid' <majid.z43@gmail.com>
Sub= ject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST = |Confirmed Pricing
Importance: High

 <= /o:p>

Dear = Elyas,

 <= /o:p>

My thanks = for your email and quick response.

 <= /o:p>

I wish to = refer you to an earlier email (9-4-2023) from you and your colleague = which we based our client's expectations upon and indeed drafted = documents in line with your comments.

The key = elements of your email are listed below:

 <= /o:p>

  1. Vessel = name and BL shall be provided and dip test in OPL is also can be = arranged if buyer has representative to perform = it
  2. Buyer = shall make 2 million USD as down payment and buyer shall nominate = storage tank agreement
  3. 20 % after entry notice to the = anchorage
  4. 80% after = berthing notice
  5. Vessel = will be discharged after full payment received into seller nominated = bank account

As you can = see, the very first point allows the prospective client to carry out Q = & Q at OPL destination port. This is reasonable and normal = practice.
It is essential that this ability to Q&Q before any = advance payment is agreed in principle prior to any further = administrative effort by us to review, reform and structure the = agreement. Offered and agreed terms must be retained else chaos = ensues.

 <= /o:p>

We remember = when this possible contract was based on Ex-Shore Tank terms. We spent a = great deal of time and effort (cost) in perfecting the documents and = then the deal did not go ahead for your internal reasons. We cannot = continue to bear the costs when contracts seem to disappear on = whim.

Please = revert to the offered terms.

Regards=

 <= /o:p>

George A. = Thomas

GM, Legal = and Administrative Affairs

 <= /o:p>

Tel: +971 4 = 255 2929

Cell: +971 = 55 781 7599

Email: george.thomas@emiholdings.aw=

On 18/09/23 05:03 PM, info@sej-global.com = wrote:

Dear = Thomas,

 <= /o:p>

Good = afternoon,

 <= /o:p>

Thank you = for your email.

 <= /o:p>

Regarding 2 = million USD down payment we have discussed with Mr. Moghaddasi and = already informed him about our concerns.

 <= /o:p>

There are = many requests and we need to separate the serious buyers, and we have = concerns of spreading the information in the market.

 <= /o:p>

For this = reason we put down payment and in case of receiving down payment we will = release the vessel information.

 <= /o:p>

This down = payment will be deducted from the total value of the cargo, and our = previous buyers has already confirmed for this item and perform it as = per our request.

 <= /o:p>

But for = proceeding please correct any item in the contract and then we will = check with our management and inform you about it.

 <= /o:p>

Looking = forward to hearing from you very soon.

 <= /o:p>

 <= /o:p>

Regards=E2=80= =99

Elyas =

 <= /o:p>

 <= /o:p>

 

 <= /o:p>

 <= /o:p>

 <= /o:p>

From:= George Thomas <george.thomas@emiholdings.ae= >
Sent: Monday, September 18, 2023 1:53 = AM
To: info@sej-global.com; abunader@emiholdings.ae; mmoqadassi@yahoo.com; info@femengineering.no; = 'Elyas Niroomand Toomaj' <elyas.niroomand@gmail.com&g= t;; 'Majid' <majid.z43@gmail.com>
Sub= ject: RE: LOI NO. EIHG/LBCO0SE/1/08252023/001 DATED 25TH AUGUST = |Confirmed Pricing
Importance: High

 <= /o:p>

Dear = Elyas,

 <= /o:p>

My sincere = thanks for your email; I began reviewing the document but immediately = there is a condition which was not agreed in our previous = discussions.

The = offending clause is as below:

 <= /o:p>

Note = 1:

After contract signing, the buyer will make the payment = of  2 million USD in the seller=E2=80=99s nominated bank account = and after receiving the down payment, the seller will send a copy of the = full set of shipping/cargo documents to the buyer for verification and = acceptance.

Please = review and send us an agreement that reflects the prior = discussions,

 <= /o:p>

Regards,

George A. = Thomas

GM, Legal = and Administrative Affairs

Emirates = International Holdings Group

 <= /o:p>

Tel: +971 4 = 255 2929

Cell: +971 = 55 781 7599

 <= /o:p>

 <= /o:p>

 

------=_NextPart_000_0006_01D9F375.7E0BB540--