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金 海 贸 易 公 司GOLDEN SEA TRADING CORPORATIONADD.: 8TH FLOOR, JIN DU BUILDING , TEL: 86-21-64331255277 WU XING ROAD, FAX: 86-21-64331256SHANGHAI, CHINATO: F.L.SMIDTH & CO. A/S FAX: （01）20 11 90DATE: MARCH 12, 2003Dear Sirs,Thank you for your letter inquiring for our Forever Brand Bicycles. Based on your requirement, we are glad to inform you that we can supply YE803 26' and TE600 24' bicycles with the favorable quotation as bellow:FOREVER BRAND BICYCLE:YE803 26' USD69.17 per set CIFC5 Copenhagen 600 SETSTE600 24' USD74.49 per set CIFC5 Copenhagen 600 SETSAvailable colors : blue; green; red; purple; white.Packing : To be packed in cartons of one set each, 120 cartons to a 40' container.Shipment : Shipment is effected during May 2003 on the condition that the relevant L/C arrives by the end of 25th April 2003.Payment : Payment shall be made by an irrevocable Sight Letter of Credit for full contract value through a bank acceptable to the Seller.Insurance : For 110% invoice value covering All Risks & War Risk as per P.I.C.C dated 1/1/1981.The above quotation is valid within 7 days.You will find that the prices quoted are very reasonable and in case you need more information, we shall be only too glad to answer you at any time. We are looking forward to receiving an order from you.GOLDEN SEA TRADING CORP. MANAGERXXX