NEW 2017 Wood Soft Offer - Eucalyptus (Globulus & Nitens) and Pine (Insigne Pinaster) - Up to 100,000 Mt p/year- Origin Spain / EU - FAS Basis

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Chile, July´24, 2017

FCO Eucalyptus from Spain

European Union

We have the pleasure to inform you that our group have negotiated this excellent option related to Wood from Europe with FSC certification,

·         Seller is R, W and A to advance in faster terms to Draft Contract after receive ICPO.

·         Images, Lab Analysis, available after approve ICPO.

·         Available order UP to 100,000 Mt yearly. 

Dear Sir: 

PRESENT

We Industrial Group hereby confirm with full corporate and legal responsibility under penalty of perjury that the following commodity is available under the state and conditions herein:

Commodity:                 Eucalyptus (Globulus & Nitens)

Contract:                     Contract for 1 year, renewable for the same year.

Quantity:                      UP to 100,000 Mt per Year.

Contract Terms:          Twelve (12) months with possible roll-overs and extensions.

Delivery:                      Quarterly Basis, every 3 months 25,000 Mt.

Country of Origin:       SPAIN (Europe).

INCOTERMS:               FAS basis

Type of shipping:        Wood chips Bulk into Wood chip Carrier - Self charging vessel with hooks,

                                    cranes & grabs

Loading Port:              Port of El Ferrol

Price FAS:                   Euro 89 Pmt / Globulus

Price FAS:                   Euro 83 Pmt / Nitens

Packing:                      In bulk

Port Inspection:           By a government phytosanitary agency

Performance Bond:     2% of one Shipment

Visit:                            Buyer is welcome to visit Wood plant after sign Contract

Letter of Credit: Confirmed documentary L/C, Non Transferable or Transferable, payable 100% at Sight for the first shipment opened by prime Bank acceptable to Seller. Payment will happen with presentation of Shipping documents at loading port after CCIC.

Certification:               According to FSC

Technical Specifications:

Log Length:                 Length 4 Meters, Debarked - Dimension  from 70 cm to 6 cm. 

FCO Pine from Spain

European Union

Commodity:                 Pine ( Insigne Pinaster)

Contract:                     Contract for 1 year, renewable for the same year.

Quantity:                      UP to 75,000 Mt per Year

Contract Terms:          Twelve (12) months with possible roll-overs and extensions.

Delivery:                      Quarterly Basis, every 3 months 25,000 Mt.

Country of Origin:       SPAIN (Europe).

INCOTERMS:               FAS basis

Type of shipping:        Wood chips Bulk into Wood chip Carrier - Self charging vessel with hooks,

                                    cranes & grabs

Loading Port:              Port of El Ferrol

Price FAS:                   Euro 75 Pmt

Packing:                      In bulk

Port Inspection:           By a government phytosanitary agency

Performance Bond:     2% of one Shipment

Visit:                            Buyer is welcome to visit Wood plant after sign Contract

Letter of Credit: Confirmed documentary L/C, Non Transferable or Transferable, payable 100% at Sight for the first shipment opened by prime Bank acceptable to Seller. Payment will happen with presentation of Shipping documents at loading port after CCIC.

Certification:               According to FSC

Technical Specifications:

Log Length:                 Length 3-4 Meters, Bark-On - Dimension  from 70 cm to 6 cm. 

PROCEDURES

0.-  Seller issues SCO duly signed

1.-  Buyer issues  LOI or ICPO with permission for Soft probe.

2.-  Seller issues the FCO

3.-  Buyer signs, seals and returns the FCO.

4.-  Seller issues Draft Contract.

5.-  Buyer signs the Draft Contract and sends it back to the Seller.

6.-  Seller issues the final Contract to the Buyer .

7.-  Buyer's bank issues and sends by swift the Non-operative  LC 100% at sight to the Seller's bank within 48 hours.

8.-  Seller posts Performance Bond (PB) for the value of 2% and LC becomes operative.

9.-  Shipment begins. Buyer can made a physical inspection together with SGS at the time of loading of product.

This representation is made with full corporate authority and responsibility of the above..

Best Regards,

Luis O. Benavente

CORPORATE ITC

Phone: +56 9 71572892