Dear sir We are a trade company deals in import and export We would like to deal with you If you can supply us we are ready to sign contract with you according to the loi below Please study the loi and reply quickly to enable us to discuss with the buyer Trade manager Fady beadas                                                                Letter of Intent: 27 august 2007. We the undersigned beadas company hereby state and represent that it is our corporate intention to purchase ICUMSA 45RBU Sugar in the quantity and for the price as specified in the terms and conditions as stated below. This representation is made with full corporate authority and also responsibility of the above stated buyer. 1. COMMODITY: ICUMSA 45RBU Sugar 2. QUANTITY: 100000MT  12500 mt x 8mnths 3. Specifications: Polarization: 99.8% Min. Ash Content: 0.04% Max. Moisture: 0.04% Max. Solubility: 100% free flowing. Color: Sparkling White Refined Granulation: Fine/medium/standard. Radiation: Normal 4. ORIGIN: brazil 5. PACKING: 1ply nilon + 1ply plastic waterproof 50kg bag packed 1.5 mt jumbo sling bags. 6. DELIVERY SIZE & SCHEDULE: First shipment of 12500 mt within  45 days after receiving confirmation of LC in suppliers bank. Shipping schedule to be agreed on final contract. 7. SHIPPING: 12500 mt per lift draft max 9.6 m geared with min 15 t swl cranes to be freely available to receivers cost incorporated in freight rate. 8. MODE OF PAYMENT: Fully Funded Irrevocable Transferable Divisible AutoRevolving Revolving Letter of Credit 100% payment confirmed by prime world bank for the duration of the contract , the payment will be after the shipment arriving and meeting the specification mentioned above. 9. TARGET PRICE: US$ 250 CIF Incoterms 2000 10. DESTINATION PORT: umqaser port in iraq . 11. DISCHARGE RATE PER DAY: 1250 mt per WWD 24hrs SSHEX EIU 12. INSPECTION: SGS or any other internationally approved agency. 13. PERFORMANCE GUARANT:2%