With reference to your inquiry of new-building for the captioned vessels, we are pleased to give you our best price basis on your specification of 3800 DWT as follows:

1.Main Particulars:
Length over all 94.80 m
Length water line 90.20m
L.P.P 87.80 m
Breadth Moulded 14.20 m
Depth Moulded 6.90m
Designed Draft 5.40 m
Speed 11.8knots
Gross tonnage 2608T
Net tonnage 1139T
Class CCS
Main Engine 6DK-26e(Daihatsu)

2.Terms of Payment:
Contract Signing 20%
Keel laying 20%
Delivery 60%

3.Delivery Time:
The first vessel can be delivered within 16 months after contract signed,the second vessel will be delivered within 2 months after the first vessel delivered.

4.Price: 39,890,000.00 RMB per vessel

5.Notes: The Specification and Maker lists as the same as first and second vessel .(These two vessels will be include PSPC)