China Marine Industries Corporation

RE:  NEWBUILDING OF 12,000-DWT BULKER FROM CHINA
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1.  BRIEF SPECIFICATION
        
        LOA                                    ABT. 135.00 M
        LBP                                         126.00 M
        BREADTH MOULDED                              21.40 M
        DEPTH MOULDED TO UPPER DECK                  11.80 M
        DRAFT (DESIGNED)                              8.50 M
        DEADWEIGHT ON DRAFT 8.5 M         ABT.     12,000 MT
        CAPACITY:    GRAIN/BALE      15,000 CBM / 14,800 CBM
                                                        
        MAIN ENGINE: MAN B&W 6S35MC, MCR  4,200 KW(5,712 BHP) X 170 RPM
                                     CSR  3,780 KW(5,140 BHP) X 164.1 RPM
        GENERATING SETS:  2 DIESEL ENGINES, EACH 397 KW, 720 RPM
                          2 GENERATORS, EACH 360 KW, 450V AC, 60HZ
                          1 EMERGENCY GENERATOR, 98 KW, 450V AC, 60 HZ
                          1 SHAFT GENERATOR, 360 KW, 450V AC, 60 HZ
        PROPELLER:     AEROFOIL, 4-BLADE, FIXED PITCH, 
                       MANGENESE-ALUMINIUM-BRONZE
        SERVICE SPEED AT A DRAFT OF 8.5M, CSR:      ABT   12.7 KTS
        CRANES:    30 MT X 2 SETS
        HOLDS/ HATCHES:      3/3
        CLASS:        NK

2.      PRICE:  TO BE QUOTED UPON YOUR REQUEST

3.      TERMS OF PAYMENT
        10% UPON SIGNING OF THE CONTRACT
        15% UPON STEEL CUTTING FOR THE VESSEL
        15% UPON KEEL LAYING FOR THE VESSEL
        15% UPON LAUNCHING OF THE VESSEL
        45% UPON DELIVERY OF THE VESSEL

4.      SECURITY FOR PAYMENT OF INSTALMENT BEFORE DELIVERY
        THE BUYER SHALL PROVIDE THE SELLER WITH A LETTER OF GUARANTEE 
        ISSUED BY A BANK ACCEPTABLE TO THE BANK OF CHINA AND THE SELLER 
        FOR EACH VESSEL. THE LETTER OF GUARANTEE SHALL GUARANTEE THE 
        BUYER'S OBLIGATIONS FOR THE PAYMENT OF 2ND AND 3RD INSTALMENT 
        OF THE CONTRACT PRICE AND BE DELIVERED TO SELLER CONCURRENTLY.
REMARK: PRICE AND TERMS ARE SUBJECT TO FINAL CONFIRMATION.

BEST REGARDS
LUM, MENG LIANG

For further details, please email to: Lum@ChinaMarineCorp.com

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China Marine Industries Corp. 
 Address: 28C, 8 Taikoo Shing Rd., Taikoo Shing, Hong Kong
     Tel: (852) 2568-1019
   Email: Lum@ChinaMarineCorp.com
Homepage: http://www.ChinaMarineCorp.com