LETTER OF INDEMNITY

Messers Xingang Shipping Co.,Ltd.     Date

China

Shipper :

S/O No. :

B/L No. :

Dear Sirs,

 In consideration of the clean Bills of Lading you issuing to us for the under mentioned cargo:

 Marks                       No. of Pkgs                   Description

per vessel to

without the following clause :

We hereby undertake and agree to pay on demand any claim that may thus arise on the said shipment and / or the cost of any consequent reconditioning and generally to indemnify yourselves and/or agents and/or the owners of the said vessel against all consequences that may arise from your action.

Furthermore, should any claim arise in respect of this goods, we hereby authorise you and /or agents and/or owners of the vessels to disclose this Letter of Indemnity to the

under-writers concerned.

Yours faithfully,

Shipper’s Signature & Chop

 Al l bus ines s t r ansact ions are subject to the HAFFA Standard Trading Condi t ions , l a tes t edi t ion, which in

some circums tances limited or exempt the Company’s l i ab i l it y. A copy is ava i lable upon reques t .

01 July 2006