Date: 26 October 2012 Ref: TTI/261012
To: END SELLER – Export Department
Subject: Ingots Aluminum“Primary”


                                                              LETTER OF INTENT

We, Trans Trading International XXI ,SL hereby state and represent that under the act of perjury it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity per the specification and in the quantity and for the price as specified in the terms and conditions as stated below. This representation is made with full corporate authority and responsibility of the above.
Commodity : Ingots Aluminum “Primary”
Origin : Sellerś Choice
Quantity : 500-1000 mt / months
Test : 100mt
Contract period : 60 Months with rollover and extensions
Delivery terms : CIF Bilbao (Spain)
Price : LME official average of month prior to contractual shipping month - % Discount
Payment terms : 100% Letter of Credit.
Following specifications:
At 99.7% min Fe 0.2% max If 0.1% max


There is also an alternative procedure that we have discussed with some large industries, which we would like to present to your consideration; in essence it is as follows:
1. The Client and Seller agree sign a large contract, usually 1000 mt or more, to be delivered in partial lots over a period of time.
2. The total quantity is shipped in one single shipment to a port near the client’s plant, where is stored bonded in a Custom Authorised Warehouse (CAW).
3. Seller keeps the property of goods while they are stored at CAW.
4. According to the agreed delivery schedule, the client proceeds to clear each lot, and effect payment as agreed.
5. Metal is released to client.
We hope that our initiative is acceptable to you and look forward to meeting you to discuss it in detail with a view to negotiate a supply
Sincerely,


Signature: _________________________________ SEAL OF COMPANY
Company : Trans Trading International XXISL
Registered Number /NIF : B98298086
Full Name :Mr. Hakob Melconyan
Title: CEO President
Date: 26 October 2012

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