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EMBODIES AS OUR SCO.

 Commodity : Iron sand fe 61.21% to
                      63.92%, TiO2 6.56% 
Ready stock for shipment :20,000MT
Supply availability :50,000MT/month
Price : USD $ 78.00/MT FOB
(along side) Port of origin Philippines
Time delivery : 30 day on first delivery
 30 days on subsequent deliveries.

Our procedure is very simple to all
reliable buyers. 

1. Official Letter of Intent 
    from the buyer.
 
2. Acceptance and/or FCO 
     by the seller.

3. Seller issued Draft Contract
    to the buyer.

4. Buyer review the draft 
    contract and make
    changes for seller's 
    final approval.

5. After reviewing the 
    Draft Contract, if both 
    parties agreed, seller and 
    buyer sign a MOA.

6. After signing the MOA,
     the buyer can go to 
     visit the mine site.

7.  Buyer provide BCL 
     (Bank Comfort Letter) 
     stating that you have enough
     money to pay the product 
     that you are ordering.

8.  Buyer provide Draft copy 
     of L/C plan to use as payment 
     instrument with all blanks  
     filled out except for signatures 
     of all bank people concerned.   

   Note: NELA AGCOM INT'L.
            would like to see 
            the terms and 
            conditions of the L/C
            if it is acceptable or not.  
             
9.  Seller issues 2% PB
     (Performance Bond) by 
     top bank 20 world class 
     upon buyer L/C opened.

10. After the visit, the buyer 
      attorney review all 
      documentations of the 
      mine which will lead to 
      the signing of the 
      final Sales Contract.

 11. Let's Rock and Roll !

Note :  For CIF terms, the buyer must be
           paid in advance for the freigh of shipping
           costs, and the product also be paid at place
           of origin against B/L,SGS before the
           ship leaves the port.

Please be guided accordingly!

Prices are subject to change 
without prior notice.