Our Ref : MCT/SCO/FOB/15/10(01)

Date : 15th October 2010

To The Principal BUYER

Dear Sir,

RE SOFT CORPORATE OFFER TO SUPPLY CRUDE PALM OIL FOR EXPORT

With reference to your enquiry, WE, MAKRO CIPTA TECHNOLOGY SDN BHD, act on
behalf of our Principle Seller, hereby state and represent with full corporate and legal
responsibility are ready, willing and able to supply and sell Crude Palm Oil to your
esteemed organization, subjected to mutually agreed commercial covenants of final
contract as per the terms & conditions and procedures as appended hereunder:-

1. Product : Crude Palm Oil (CPO)

2. Origin : Malaysia
3. Specification : PORAM Standard
FFA (as palmitic) 5.0 % max
Moisture & Impurities 0.25 - 0.5 % max
Iodine Value 50-55
Melting Point Deg C 33-39 max
DOBI 2.31 Min
4. Quantity : 10,000 Met ton Per Month x 12 Months with extension
5. Packing : In BULK
6. Price / Basis : Malaysian CPO –Basic Price MPOB Price /PMT FOB
Minus Discount 1% /PMT
/PMT
Plus Export Duty 15% /PMT
(Currently @ 22%)
7. Loading Port : Seller’s Option
8. Inspection : By SGS or any similar company at Seller’s expenses at Loading
Port
9. Payment Term : Irrevocable, Confirmed, Unconditional, Standby Letter of
Credit/Bank Guarantee (SBLC/BG).
10. CONFIRMATION & ACCEPTANCE OF ORDER
The Order is confirmed after the Seller has received Buyer’s:-
1). Irrevocable Confirmed Purchase Order (ICPO) and Bank Commitment Letter
(BCL)
2) BG Verbiage Acceptance Letter from Buyer’s Bank (attached sample)

PROCEDURES:-
1. Buyer to confirm by sending ICPO, Bank Commitment Letter (BCL)/SBLC
Verbiage Acceptance Letter from Buyer’s Bank
2. Seller sends Full Corporate Offer (FCO), Draft S&P Contract to Buyer
3 Buyer and Seller sign Hard Copy Agreement Contract
4. The Buyer’s Bank sends Bank Instrument Hard Copy to Seller’s Bank within 7
days
5. Delivery will start within 30 - 45 days from activation of Bank Instrument.

VALIDITY Five (5) Days from above Date of Offer

If this Offer has received your full attention and acceptance, then kindly proceed
with the issuance of the ICPO and BCL to enable us to process your request.

We look forward to your prompt response. Thank you.

Yours truly,
For MAKRO CIPTA TECHNOLOGY SDN BHD.

(HJ NORAZLI BIN HJ MOHD NOOR)

DIRECTOR
(Sample of Acceptance Letter)
Sample
(Also known as BCL)

ANNEX-A

BANK COMMITMENT LETTER

(Please note two bank officers must sign this letter)

To PRINCIPLE SELLER Date :

This is to confirm that ………………………………………………… (Full Name of the

Buyer) maintain a banking account with us.
At their instructions we, ……………………………………………………(Full Name of
the Bank) with full authority and mandate hereby confirm that the said clients are
willing and financially able to initiate the process of purchasing 10,000 Metric Tons of
Crude Palm Oil (CPO) during the next 12 (Twelve) months. We understand the total
value of imports under the Sight Irrevocable Documentary Standby Letter of Credit
on FOB basis is in the region of United States Dollars: 0.00 per metric ton x 10,000
met ton per month = United States Dollars: (USD:
only) per month.

We certify that our clients named above have sufficient funds and/or have credit line
with our bank to complete the proposed transaction within the time period shown
above.

Our clients hereby give authority to the Sellers to procure usual banker's references.

BANK OFFICER’S BANK OFFICER’S

Signature : Signature :
Full Name : Full Name :
Full Title : Full Title :
Date : Date :
PRESENT THIS VERBIAGE TO OBTAIN BANK APPROVE LETTER ON THE ISSUANCE OF
SBLC/ BG ACCORDING TO FORMAT GIVEN

Exhibit “A”

Verbiage of SBLC/BG
(To be sent by SWIFT MT 760)

Issued by :
SBLC No. :
Applicant :
Beneficiary :
CUSIP No. :
Access Code :
Expiration Date :
Issue Date :
Maturity Date : 13 Months from Date of Issue
Currency : United States Dollar
Amount : USD xx, 000,000.00

WE, the undersigned Bank, hereby open

our Irrevocable Unconditional, Divisible, Transferable, Auto-Revolving, Assignable
and Confirmed Standby Letter of Guarantee in favour of SELLER
____________________ for the amount of USD xx,000,000.00 (United States Dollar:
Only), due One Year One Month
from the Date of Issue DD/ MM / 2010.

Payment is available by Beneficiary first written demand via SWIFT. Demand

hereunder must be marked drawn down the Letter of Guarantee Number
dated DD / MM / 2010.

WE engage with you that the demand draft drawn under and in compliance with the
terms of this Letter of Guarantee shall be duly honoured on date of presentation to
us. This Letter of Guarantee is subject to the Uniform Customs and Practice for
Documentary Credits, International Chamber of Commerce, Paris, France, latest
revision.
This cable is an operative instrument. All charges are for the applicant.

This Letter of Guarantee expires on DD / MM / 2011.

Bank
Bank Officer Bank Officer

Signature : Signature :
Full Name : Full Name :
Full Title : Full Title :
Date : Date :