(清洁提单保函)

LETTER OF INDEMNITY

TO: M/S SEA UNION SHIPPING COMPANY LIMITED

DA TE:28TH JUL Y 2008

RE: LETTER OF INDEMNITY PER MV. SUNFLOWER SAILED PORT ON WAKAYAMA SEA PORT JAPAN

MV.SUNFLOWER

VOYAGE NO.: 863

B/L NO.: SF863

CARGO :FABRICATED STEEL STURCTURE FOR NO.1 COKE OVEN &ACCY QUANTITY 126PCS 263.759M/T 996CBM

SHIPPER:PRIME HEA VY INDUSTRY PENGLAI CO.,LTD NO.9 SHANDONG ROAD ECONOMIC DEVELOPMENT ZONE SHANDONG PROVINCE P.R.CHINA TEL:0535-598-0588 FAX:0535-598-0266

THE ABOVE VESSEL WHICH IS UNDER OUR CHARTER WITH ABOVE CHARTER PARTY HAS LOADED AT THE PORT OF FOR DISCHARGING AT PORT.

WHILE THE CGO WERE LOADED ONBOARD, THE SHIPSIDE HA VE CHECKED AND MADE FLWG REMARK ON MATE’S RECEI PT:

1

2

3

TO MEET THE L/C REQUIRMENT, WE HEREBY REQUEST OWNERS TO ISSUE THE CLEAN ON BOARD B/L NO.

IN CONSIDERATION OF YOUR COMPL YING WITH THE ABOVE REQUEST, WE HEREBY AGREE AS FOLLOWS:

1. OWNERS ARE NOT RESPONSIBLE FOR CARGO’S QUANTIY.

2. TO INDEMNITY AND HOLD YOU, YOUR SERV ANTS OR AGENTS HARMLESS IN RESPECT OF ANY LIABILITY LOSS OR DAMAGES WHICH YOU MAY SUSTAIN BY REASON OF ISSUING BILLS OF LADING AS ABOVE IN ACCORDANCE WITH OUR REQUEST.

3.TO PAY YOU ON DEMAND THE AMOUNT OF ANY LOSS OR DAMAGE WHICH YOU OR YOUR MASTER

OR AGENTS OF THE VESSEL OR ANY OTHER OF YOUR SERV ANTS OR AGENTS MAY INCUR AS A RESULT OF ISSUING BILLS OF LADING AS AFORESAID.

4.IN THE EVENT OF ANY PROCEEDING BEING COMMENCED AGAINST YOU OR ANY OF YOUR SERV ANTS OR AGENTS IN CONNECTION WITH THE AFORESAID BILLS OF LADING TO PROVIDE YOU OR THEM FROM TIME TO TIME ON DEMAND WITH SUFFICIENT FUNDS TO DEFEND THE SAME.

5.IF THE VESSEL OR ANY OTHER ASSOCIATED VESSEL OR PROPERTY BELONGING

TO YOU SHOULD BE ARRESTED OR DETAINED OR IF ARREST OR DETENTION THEREOF SHOULD BE THREATENED AS A RESULT OF YOUR ISSUING BILLS OF LADING AS AFORESAID, TO PROVIDE ON DEMAND SUCH BAIL OR OTHER SECURITY AS MAY BE REQUIRED TO PREVENT SUCH ARREST OR DETENTION OR TO SECURE THE RELEASE OF SUCH VESSEL OR PROPERTY AND TO INDEMNITY YOU IN RESPECT OF ANY LOSS OR DAMAGE CAUSED BY SUCH ARREST OR DETENTION WHETHER OR NOT THE SAME MAY BE JUSTIFIED.

6. THE LIABILITY OF EACH AND EVERY PERSON UNDER THIS INDEMNITY SHALL BE JOINT AND SEVERAL AND SHALL NOT BE CONDITIONAL UPON YOUR PROCEEDING FIRST AGAINST ANY PERSON, WHETHER OR NOT SUCH PERSON IS PARTY TO OR LIABLE UNDER THIS INDEMNITY.

7. THIS INDEMNITY SHALL BE CONSTRUED UNDER ENGLISH LAW AND EACH AND EVERY PERSON LIABLE UNDER THIS INDEMNITY SHALL AT YOUR REQUEST SUBMIT TO THE JURISDICTION OF HONGKONG.

For and on behalf of

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Authorized Signature(s)