Soft Offer to BUY -ICPO/LOI- revised 25 November 2006 We , ImExGO, an Import and Export Company, hereby as Buyers Agent state that the Buyer is ready, willing, and able to purchase the following commodity as per the specification and in the quantity and the price as specified in the terms and conditions as stated below: Commodity: RBD PALM OIL -Refined - palmitic- Origin: Nigeria or Malaysia Quantity: Minimum order - 2,000 MT per shipment, Maximum order - 20,000 MT per shipment Date of First Delivery: By agreement in Contract Delivery Method: Bulk by vessel, ship to tank Price: 428.00 USD per Metric Ton, CIF Istanbul/Oslo -African- 468.00 USD per Metric Ton, CIF Istanbul/Oslo -Malaysia/Indonesia Fixed Price for one year Payment: Irrevocable, Transferable, Documentary Letter of Credit, Fully Funded for monthly shipment on sight upon presentation of documents as per contract acceptable to Sellers bank Performance Bond: Seller provides 2 % performance bond of L/C value Inspection: The quality and Quantity of Goods will be confirmed for each shipment on a certificate issued by the SGS at discharge port at Sellers account which shall be binding on both parties in all respects, Typical Specifications: as per PORAM - see below Documents: below One set of the following documents consisting of 3 originals and 3 non negotiable copies: 1. Commercial Invoices -Three folds Original and Three copies-. 2. Ocean Bill Of Lading marked -Freight Prepaid - and Clean on Board issued to order of SELLER, consigned to BUYER. 3. Certificate of Weight and Quality, issued by SGS at discharge Port. 4. Certificate of Origin issued by Chamber of Commerce of the Country of Origin. 5. Packing List showing gross / net weight and the number of Ocean Bill Of Lading. 6. 2 copies of Freight Insurance for 100 Percent of CIF -Invoice value, covering all risks Typical Specifications: RBD PALM OIL -Refined - palmitic - PARAMETER SPECIFICATION Free Fatty Acid as Palmitic 0.10 % Max Moisture + Impurities 0.10 % Max Iodine Value -Wijs Method- 50.0 Min Cloud Point 0 deg C 10.0 Max Melting Point deg C 33.0 -39.0 Max Peroxide Value MEQ/KG 1.0 Max Colour 5.25 Lovibond Cell 3.0 RED Max