After our negotiation and agreement, I hereby send you our offer regarding supply of wood Chips for your clients in Denmark, Turkey, and China. Species: Pine and/or Eucalyptus Wood chips Specification: Product specification to be informed by buyer through draft contract. Chips will contain max 1% bark, Chips will contain zero charcoal. Normally: Length’ distribution More than 40mm: 4% max From 9,5 – 40mm 87% min From 4,8 – 9,5mm: 6% min Less than 4,8 mm: Bark less than 1% Foreign matters: none Chips particle size/dimensions can be controlled by turning position of the cutting edges. Humidity 35 – 45% Brazil Volume 30.000BDMT pr. Month ( 12 x 30.000BDMT = 360.000 BDMT /Year) Ports: Antonina, San Sabeastian or Paranagua in Brazil Discharge: Copenhagen, Denmark Qingdao, China Base Ports Turkey Packing: One vessel break bulk per month. Inspection By SGS (sellers cost) – followed by Buyer representative Performance Bond Seller issue Performance bond to guarantee delivery and quantity by paying 2% PB of value of two (2) Month delivery. Delivery 60 – 90 days after signing contract and receiving LC in sellers Bank (Sydbank, Denmark). Payment: Irrevocable transferable Letter of Credit issued in Top 50 Bank Documents to be presented at request from buyer

Copenhagen $ 229USD/BDMT Base Turkey $ 229USD/BDMT Qingdao $ 244USD/BDMT

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