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Dear Sir It is our intention to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below. This representation is made with full corporate authority and responsibility.1) COMMODITY: Lead Used Battery2) SPECIFICATIONS: Drained and/or Undrained 3) Q’ty: Each shipment 300 mt (+/- 10%) minimum, No maximum limit4) Price: FOB Main Port of OriginCalculation Formula: ?Drained : LME x 36% Based on gross weight of container?Undrained : LME x 35% Based on gross weight of containerLME Cash-buyer of the date of inspection.5) Payment terms & conditions 100% Letter of Credit, At sight, Confirmed. Letter of Credit will be arranged before inspection after signing Contract for two years.The Seller need to arrange 2% of P Bond6) Inspection: The Buyer will do out-going inspection at loading port in Origin.8) The Seller should hold all necessary valid international licenses