Iron ore lump sale 52+

Name of commodity: Iron Ore Lumps Fe Content 52% Country of Origin: India Loading Port: GOA Port, IndiaDischarge Port: Lanshan/Rizhao/Tianjin Port, China : In Bulk

DELIVERY PERIOD , QUALITY AND QUANTITY

2.1 Quantity: Iron Ore Lumps: 40,000 WMT (+/-10%)

2.4 Delivery Period and Vessel: ETA 05.09.2011

3. BASE PRICE:

3.1 Iron Ore Lumps: base price shall be USD 105 (USD One Hundred five only) PER DMT based on Fe 52.00% grade CFR at Lanshan / Rizhao / Tianjin port, China, fraction pro-rata