Commodity : Crude Palm Oil

Origin : Malaysia

Specification : Malaysia PORAM Standard

Grade: Export quality loaded for approx. 2 months on oil tanker - offered on "as is

            where is basis"

Inspection : For Quality and Quantity by SGS Certified Agencies

Port of loading : Port Lumut

Price : USD450 per metric ton

Quantity : 50,000 Metric Tons (Single SPOT deal)

Delivery : Shipment within 3 to 7 days upon receiving down-payment

                of 5% on the supply contract value and also the finalization               

                of all details to proceed.  Balance 95% payment by DLC at sight.

Terms : a) Seller issues FCO, which will has to be signed and endorsed by Buyer

             on acceptance of the terms and conditions and returned a copy to Seller as

             acknowledgement of acceptance;

b) Buyer will next issue the ICPO to Seller;

c) Supply & Purchase Contract Agreement will be signed at lawyer office in

    Malaysian/Singapore;

d) Down-Payment in Cashier's Order to the amount of 5% of contract value to be

    paid on signing of the S&P agreement;

e) Balance 95% by confirmed Letter of Credit at sight, to be established within 3

    working days after signing of Sales & Purchase Agreement;

Validity : This offer is valid for seven days from date of this offer subject to prior

              sale.

p/s: Kindly cofirm with a LOI / ICPO+BCL to proceed.