Date: __________

We, _______________________________ (please print) acting as Buyer, confirm with full legal and corporate responsibility under penalty of perjury, that we are ready, willing and able to buy under the following terms and conditions:

PRODUCT :

ORIGIN :

SPECIFICATION:

PACKING :

INSPECTION :

QUANTITY : ________ MT

CONTRACT : For ___ months

DELIVERY : __________ (port), ____________(country).

Delivery will be:

DELIVERY SCHEDULE: By vessel of ___

MODE : ___ CNF / ___ CIF ___ FOB (please check)

PRICE : US$ ____.__ / MT: (_________________________)

UNITED STATES DOLLARS PER METRIC TON

PAYMENT :
Contract payments shall be guaranteed by an Irrevocable, Transferable, Assignable, Stand-by Letter of Credit, issued and confirmed by a Major International Bank in favor of the Seller for 100% of the Monthly Cargo Value payable at the port of loading following receipt of all documentary requirements. Validity of 13 months and one day. (FYI, SBLC verbiage is available).

The stand-by letter of credit to be issued in favor of Genesis Capital, LLC. by Buyer or Buyer’s Nominee from a first class bank acceptable by the Seller's Bank for a full 3 month invoice value.

Payment to be "CAD" Cash against Documents payable 100% at sight against presentation of shipping documents within 72 hours of receipt of shipping documents. Bank of Seller to have debit authority on SBLC at the bank counters of Seller for the entire SBLC value of US$ ________ in the event of a non-payment on CAD, drawdown to be allowed against written instructions by Genesis Capital, LLC.

1. SB Letter of Credit shall be for full 3 month value and should incorporate10% tolerance for quantity and 10% tolerance for value.

2. SB Letter of Credit to allow for assignment of proceeds.

3. SB Letter of Credit is to allow for partial shipments.

DOCUMENTS PRESENTED TO BUYER:

(a) Two of three (2/3) original clean on board bills of lading with freight payable as per relevant charter party.

(b) Two (2) copies of the signed commercial invoice giving the appropriate break down of quantity loaded and price with any applicable deductions for penalties, third party acceptable.

(c) Certificate of Analyses drawn up and issued by a recognized third inspection party (SGS, etc.) with four (4) copies.

(d) Certificate of Weight drawn up and issued by a recognized third inspection party (SGS, etc.) with four (4) copies.

(e) Certificate of Origin issued by a local Chamber of Commerce or other appropriate authority certifying country of origin of the goods.

( f ) Sellers confirmation certificate that one set of the above documents has been dispatched to the Buyer within 7 banking days of vessels sailing from the loading port.

(g) Health certificate, when required.

(g) All documents submitted to bank are in English.

PROCEDURE:
Seller and Buyer come to an understanding of term of the contract, specifications, delivery schedules and price. Seller to prepares the Full Sale/Purchase Agreement (“Contract”) to be sent to Buyer for review and acceptance of signature.

1. The Buyer reviews and completes Contract, signs, seals and returns to the Seller.

2. The Seller Signs, Seals and Returns the Contract to the Buyer. (E-mail copies are acceptable)

3. Both parties may execute Four (4) Original contracts via courier with each party retaining Two (2) Originals.

4. Sellers send copy of acceptable SBLC to Buyer for confirmation by Buyer..

5. The Buyer agrees to the Stand-by Letter of Credit Verbiage and issues confirmation of acceptance to Seller

6. Within four ( 4 ) business days of signing contract, the Buyer’s Bank issues Stand-by Letter of Credit (SBLC) issued and Confirmed by a major International Bank in favor of the Seller for 100% +10% of the Monthly Cargo Value. The SBLC should be issued in Favor of the Seller, Genesis Capital LLC, by Buyer, or Buyer’s Nominee, from a first class bank acceptable by Seller's Bank for full monthly value.

7. Payment to be "CAD" Cash against Documents payable 100% at sight against presentation of shipping documents. Sellers bank to have debit authority on SBLC at Seller's bank counters for the entire contract value of US$ ________ in the event of non-payment of CAD.

8. The Final Contract would then be activated thereby allowing the initiation of the delivery and payment as per the Final Contract Schedule. The seller shall have the first shipment ready to load in port within (30 to 45) days after the receipt of the active Stand-by Letter of Credit. Monthly shipment schedule will be presented.

9. Genesis Guidelines follow UCC Policy and Business Practices UPC 500.

(Please print the following)

COMPANY : _______________________________________
Address : _________________________________________
Telephone : _______________________________________
Fax : _____________________________________________
E-mail : ___________________________________________
Person : __________________________________________
Title : ____________________________________________
Passport : ________________________________________
Signature : ________________________________________


Buyer's Signature and Seal.

BUYER'S NOTE (IF ANY) : _____________________________

Date  :
To  :
Attn. :
Ref. :
Buyer's Code :
Dear Sir,


We are informed that our client Mr.__________________________________________
President of ___________________________ ,would like to purchase  ________ MT of ______________________________________at US$ _________._____________ / MT (____________________________________ UNITED STATES DOLLARS PER METRIC TON) _______ C&F / ___ CIF __________________ (Port), ____________ (Country), for a total of US$_______________________._________ (UNITED STATES DOLLARS) with deliveries of __________________ MT.

We understand that payment is to be by : IRREVOCABLE, STAND-BY, TRANSFERABLE, LETTER OF CREDIT, CONFIRMED OR ISSUED BY A MAJOR INTERNATIONAL BANK, REVOLVING AS NECESSARY, PAYABLE 100% AGAINST PRESENTED DOCUMENTS, FOR THE ENTIRE CONTRACT VALUE OF US$ ___________________. THIS SBLC IF REQUIRED TO BE CONFIRMED WILL PROVIDE DEBIT AUTHORITY TO SELLER'S BANK IN THE USA.

This letter does not assume any financial liability or any contractual relationship with the parties, it is solely to inform you that the Buyer has the financial capacity to cover US $ ___________________ and to issue such payment instrument, should they contract for the purchase of the ________ MT.

The buyer transaction code #  _____________________ has been assigned to this purchase to be attached to the Seller's Contract.

Account name : _____________________________________
Account number : ___________________________________
ABA: _____________________________________________
Bank name : _______________________________________
Bank address : _____________________________________
  Tel : _____________________________________________
  Fax : ____________________________________________
  Bank I. D. # : _____________________________________
  Swift : ___________________________________________
  Routing : _________________________________________

Very truly yours.

1st. Bank Officer's Name

Signature : ________________________ Printed : __________________________

2nd. Bank Officer's Name

Signature : _________________________Printed : __________________________

 

Bank's Seal :