Dear, Sir We, S&P JAREANKIT LIMITED PARTHERSHIP., hereby state as authority mining owner that it is our intention to sell and we hereby confirm that we are ready, willing and able to sell the iron ore in the quantity and for the price as specified the terms and conditions as state below:1) Product : Iron ore Fe63% reject61% (Magnetite) Total Fe 63% Min 61% AI2O3 3.02% Above 4.00% SIO2 3.12% Above 5.00% P 0.10% Above 0.15% S 0.10% Above 0.20% TIO2 0.10% Above 0.50% Moisture 8.00% Max 10% at 105centrigrade.2) Origin : THAILAND.3) Size : 0 - 50 mm.4)Price : 94US$/per MTs. Basis Kohsichang Port, THAILAND.5)Loading Port : Kohsichang Port, THAILAND.6)Loading Rate : 3, 000 MTs./ per day.7)Quantity Supply : 50, 000MTs. X 12 shipments. 600, 000MTs./per Year And more 3 months.8)First shipment : 60 days from the date of L/C issuing by buyers Bank the date of The bill of loading shall be considered the date of shipment. And every 45 days of 2nd shipment 12th shipment.9)Contract Period : 1 year and more 3 months.10)Price Revised : Every 3 shipments.