Hubei Global Union Technology Co.,ltd

1. Buyer issues LOI (this letter).
2. Seller issues FCO/Draft Contract to buyer.
3. Final contract is signed and exchanged via fax or e-mail and/or hard copies.
4. Buyer visits Seller's yard and inspect the cargo and also signing contract in hard copy face to face. (BUYER’S OPTION)
5. Buyer's Bank issues non-operative LC/SBLC to Seller's Bank.
6. Seller issues 2% PB and LC/SBLC becomes fully operative.
7. Seller makes first trial shipment within 20-30 days from LC/SBLC receipt.
8. Buyer may visit loading port to observe inspection and loading operation (BUYER’S OPTION).
9. Subsequent shipments follow as per contract.