Dear Sir,

            RE: DETAILS OF USED RAIL METAL SCRAPS FOR SALE

OFFER/DEMAND:-

PRODUCTS: USED RAIL METAL SCRAPS

QUANTITY:  1, 200, 000 MTW

PRICE: US$95 (FOB) PER METRIC TON

PAYMENT TERMS: STANDBY LETTER OF CREDIT

PORTLOADINGAPAPAPORT : OF

We are looking for the buyers of used rail scraps on auction price.

We serve as a commission agent to the seller and would be glade to introduce you to the accredited marketing company in West Africa for disposing of the used rail parts in large quantities against privatization.

Specifications:

Used rails R50 - R65, 12m in length

Non-metal impurities total 1% or less

R50 (51.67KG/M - GOST - 7173-75)

R65 (64.72KG/M - GOST - 6165-75)

C:      0.54 - 0.82

Si:     0.18 - 0.40

Mn:     0.60 - 1.05

S:      0.040 maximum

P:      0.035 maximum

AS:     0.01% maximum of mass share

It is pertinent to let you know that you will have to visit the yard (NIGERIA) for inspection, and signing of the contract and also meeting with all concerned for a smooth conclusion of this transaction.

Looking forward to establishing a long term business relationship.

Best regards,