Brother Steel limited

FLAT/RM D, 35/F MONTERY PLAZA, 15 CHONG YIP STREET, KWUN TONG, KOWLOON,
HONGKONG TEL : 86-052-5370058

Ref No.: BS/A7-0225 / 25-Feb, 2022

To : END SELLER
Thru : GREEN LEAF GROUP GLOBAL TRADE CONSULTANT
and
RENE PONCE DE LEON

Letter of Intent

We, BROTHER STEEL LIMITED. Confirm with full corporate authority and legal responsibility hereby
that we are ready, willing and able to enter in contractual agreement to purchase as stated below.

1. PRODUCT:
1.1 Commodity Non-LME Registered primary (Pure, Virgin) Aluminum ingots AL7
(99.7%). (NOT Secondary, NOT Recycling, Non-Alloy)
1.2 Origin UKLAINE, BOLIVIA, ETC
1.3 Order Quantity First Trial order : Minimum 100.0 tons
After Trial : 4,000Mt per month
1.4 Loading Port Any port
1.5 Discharging Port Qinzhou port, Guangxi of China
1.6 Date of Shipment Within 45days from the issuing date of DLC
1.7 Partial Shipment Not allowed
1.8 Transhipment Not allowed
1.9 Packing Bundle(20KGS X 50 Pieces) by galvanized steel bands, each bundle should be
packed by plastic bag. All plastic bag should be kept clean.
1.10 Contract Length Term (ICC 600 Rules INCOTERMS 2010)

2. PACKING:
2.1 Dimensions 805mm x 185mm x 85mm (or Factory’s own size considerable)
2.2 Net weight / sheet 20kgs
2.3 Net weight / Bundle 1,000KGS approximately ( 20KGS X 50 Pieces)

3. PRICE:
3.1 IDEA PRICE USD2050 PER MT on CIF Qinzhou port, China

3.2 The price is determined based on (2) working days prior date of discharging and (2) working
days after discharging date making total (5) working days average of London Metal Exchange “Cash
Buyer Price”.
3.3 INVOICE : Invoice weight is based on actual net weight by SGS at the discharge port.
Brother Steel limited
FLAT/RM D, 35/F MONTERY PLAZA, 15 CHONG YIP STREET, KWUN TONG, KOWLOON,
HONGKONG TEL : 86-052-5370058

3.4. If the actual value of Aluminium (AL) below 99.7% inspection report by SGS at the discharging port,
the Buyer has the right to reject the cargo or Re-Negotiate the Price. If the Seller return the cargo, the
Buyer will not bear any expenses.

4. QUALITY AND SPECIFICATION:

The product quality is Primary Aluminium ingot LME Stand (Non-LME registered) with (Al) purity
of 99.7% - 99.9%, rejection below 99.7%.

GUARANTEED SPECIFICATIONS
Elements, Unit Value
Aluminium (Al), % 99.7% Min
Iron (Fe), % 0.2 Max
Silica (Si), % 0.1 Max
Copper (Cu), % 0.01 Max
Gallium (Ga), % 0.03 Max
Magnesium (Mg), % 0.02 Max
Zinc (Zn), % 0.03 Max
Others 0.03 Max
Total (excluding Al ), % 0.30 Max

5. PAYMENT GUARANTEE:

5.1 After signed on SPA between Seller & Buyer, The Buyer shall open an Irrevocable Non-
Transferable DLC at sight on value of the shipment of in favour to the Seller within (5) working days.

5.2 Buyer completes product Inspection report (or TEST Report) of Quality and Quantity of SGS/CIQ at
the discharging port within (14) working days at China upon destination SGS/CIQ reception date of the
testing application from the buyer. Both Parties agree to delegate -SGS for the designated inspection
at the discharging port.

The quality and quantity inspection result carried by SGS at the discharging port will be the final for
both parties

5.3 Insurance policy in duplicate for 110% of the Commercial Invoice value, blank endorsed, showing
claims payable in China, in currency of the draft, covering institute cargo clauses(A), All Risks and war
risks.

5.4 After on-board at origin loading port, the Seller shall scan one set of all mentioned shipping
documents and Inspection report (or Test Report) of Quality and Quantity issued and signed by
SGS/CIQ at origin port and provide the scanned file to the Buyer within (7) working days by e-mail.
Brother Steel limited
FLAT/RM D, 35/F MONTERY PLAZA, 15 CHONG YIP STREET, KWUN TONG, KOWLOON,
HONGKONG TEL : 86-052-5370058

5.5 One original inspection report (or Test Report) for quality and quantity of SGS/CIQ at the
discharging port must be sent to the L/C opening bank and one copy sent to seller in (14) working days
upon destination SGS/CIQ receipt date of the testing application from the buyer. Final settlement is
based on the inspection report of quality and quantity issued by SGS/CIQ at discharging port.

7. PAYMENT:

The Buyer shall pay the Seller by MT103 within (14) working days of receiving the goods at destination,
against presentation of the following documents.

8. REQUESTED DOCUMENTS:

8.1 2/3 sets of Original shipped on board clean B/L and 3 non-negotiable copies, made out to order,
blank endorsed, marked “Freight Prepaid” notifying applicant.

8.2 Signed Original Commercial Invoice & Packing List in triplicate, based on the inspection report of
quality and quantity issued by SGS at discharging port.
8.3 Certificate of Origin
8.4 Insurance policy
8.5 Certificate of Analysis by SGS (Inspection Report or Test Report) at Origin
8.6 Pictures and Video from out of Origin Warehouse, Stuffing into Container & Aluminium ingots

Please quote your best price.

BROTHER STEEL LIMITED

FEB. 25, 2022