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SOFT LOI: Offer to Buy edible CRUDE SUNFLOWER SEED OIL in bulk Rev 10 March 2008 1. Commodity and Intended Use: CRUDE DEGUMMED SUNFLOWER SEED OIL for processing into edible oil 2. Quantity/Term: 2,500 MIN-5,000 MAX mt/month for 12 months continuous, price fixed 3. Specifications: Typical Below 4. Packing: Bulk by ship to tank 5. Origin / Destination: Black-Azov sea ports, Ukraine, Bulgaria, Argentina / Turkey 6. Target Price: 1100 USD per metric ton, CIF Mersin/Turkey ports 7. Contract duration: trial shipment, then one year with extensions, with fixed price 8. Delivery begins: Spring 2008, and then every 30-45 days after opening of L/C 9. Type of payment: Each shipment, 100% by an Irrevocable, Transferable, Divisible, Confirmed Documentary Letter of Credit (DLC), Payment at Sight 10. Performance Bond: 2% value of L/C 11. Inspection: By SGS or equal at port of loading at Sellers expense Crude Sunflower Seed Oil SPECIFICATION: TYPICAL PURE UNADULTERATED DEWAXED SUN FLOWER OIL FREE FROM ADMIXTURE WITH OTHER OILS. MOISTURE AND IMPURITIES 1.5% PEROXIDE VALUE 5 MAX -MILLI MOLE/KG- FFA (AS OLEIC) 2% MAX REFRACTIVE INDEX (at 20C) 1.471-1.476 TITER (pour point) 16-20 C POLY BROMIDE TEST NEGATIVE IODINE VALUE 112-135 SAP.VALUE 188-194 COLOR -5.25 INCH LOVIBOND: 7.0 R, 30 Y TINTOMETER- CLOUD POINT 8 C MAX BUYERS Company and Bank Information : to be provided after the time of confirming that requirements are met. SOFT FCO with all details and producers ACTUAL lab reports needed prior to Buyers LOI and BCL or ICPO.
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