China Marine Industries Corporation 

RE:  NEWBUILDING OF 13,700-DWT CHEMICAL TANKER ARRANGEABLE FROM CHINA
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THE TANKER TO BE DESIGNED FOR CARRIAGE OF OIL PRODUCTS AND CHEMICALS,
INCLUDING CAUSTIC SODA SOLUTION OF 50% CONCENTRATION, UREA AMONIUM
NITRATE(UAN), BENZENENE, TOLUENE, XYLENE, MOLASSES, FISH OIL AND VEGETABLE
OIL AND SIMILAR PRODUCTS.

SHE IS TO BE AN ICE-CLASS, DOUBLE BOTTOM/DOUBLE SKIN, LOW SPEED 
DIESEL ENGINE WITH CONTROLLABLE PITCH PROPELLER DRIVEN MODERN TANKER. 

1.  BRIEF SPECIFICATION
        
        LOA                                   ABT.  134.30 M
        LBP                                         127.00 M
        BREADTH MOULDED                              20.80 M
        DEPTH MOULDED TO UPPER DECK                  11.00 M
        DRAFT (DESIGNED)                              7.40 M
                SCANTLING DRAFT                       8.40 M
        DEADWEIGHT ON DRAFT 8.50 M            ABT. 13,700 MT
                   ON DRAFT 7.40 M                 11,500 MT
        CAPACITY:  CARGO TANKS 100% (INCL. SLOP TANKS) 14,500 CBM 
                                                        
        MAIN ENGINE:  MCR  5,300 KW X 130 RPM, 380CST
                                     
        GENERATING SETS:  1 X 370 KW + 2 X 500KW, 440V, 60 HZ
                          1 EMERGENCY GENERATOR, ABT 100 KW, 440V AC, 60 HZ
                          1 SHAFT GENERATOR, ABT 1,200 KW, 440V AC, 60HZ
        PROPELLER:     CONTROLLABLE PITCH PROPELLER, NI-AL-BRONZE, 4 BLADES
        SERVICE SPEED: ABT 14.5 KTS (AT A DRAFT OF 7.4M, ABT 4,750KW)
        
        CLASS:  DNV +1A1, TANKER FOR OIL ESP AND TANKER FOR CHEMICALS,
                ICE 1A, EO W1-OC, TMON

2.      PRICE:  TO BE QUOTED UPON YOUR REQUEST.

3.      TERMS OF PAYMENT
        10% UPON SIGNING OF THE CONTRACT
        20% UPON STEEL CUTTING FOR THE VESSEL
        20% UPON KEEL LAYING FOR THE VESSEL
        20% UPON LAUNCHING OF THE VESSEL
        30% 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 IN 
        SIGNING OF THE CONTRACT.              

5.      DELIVERY: TO BE PROPOSED FOR MUTUALLY ACCEPTABLE.

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