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The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                         45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                                       Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                                    aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




                                    FINAL INSPECTION REPORT

Contract No: E909-0005

DTD: 18 September 2009
AIM Control is an Inspection Organism licensed to perform the Pre-Shipment Inspections according to contract No. E909-0005 between Posco
VST Co., Ltd, Vietnam (Previous name: Asia Stainless Corporation) and SK Networks Co., Ltd, Korea


         Purchase Order No            E909-0005 dated 18 September 2009
     Inspection Organism                              Kind of Inspection                                Letter of Credit No
            AIM Control                           PRE SHIPMENT INSPECTION                     M16M90910RS00185 DATED 01 OCT. 2009
                                                                             Name and Address
Place of Inspection                   ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE –
                                      VIETNAM
Manufacturer                          POSCO VST CO., LTD.(PREVIOUS NAME: ASIA STAINLESS CORPORATION)
                                      ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE –
                                      VIETNAM
Seller                                POSCO VST CO., LTD.(PREVIOUS NAME: ASIA STAINLESS CORPORATION)
                                      ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE –
                                      VIETNAM
Buyer                                 SK NETWORKS CO., LTD.
                                      199-15, EULJIRO 2-GA, JUNG-GU, SEOUL 100-192, KOREA
Notify Party                          ALBORZ STEEL INDUSTRIES CO.
                                      NO. 61, MOLASADRA ST., VANAK SQ., TEHRAN IRAN
Final Destination                     BANDAR ABBAS, PERSIAN GULF, I.R OF IRAN
Particulars of Materials              COLD ROLL STS STEEL COILS IN SLIT EDGE
                                      ASTM 304 EQUIVALENT TO JIS G4305
                                      COIL WT: MAX AB. T 3.5T, COIL I.D.: ABOUT 508MM WOODEN PALLET


                          Invoice                Packing List                     Bill of Lading            Mill Test Certificate


   Document           SKKR-722
                                                                               VNBND091008-SE
         Code          Dated 23        SKKR-722 Dated 23 Oct., 2009                                             SUBMITTED
                                                                              Dated 25 Oct., 2009
                      Oct., 2009
     Status

Report number                                               3321/PSI.0/2009AIM
Issued on                                                   27 October 2009
Clause/ L/C No. / issued on                                 L/C NO. M16M90910RS00185 DATED OCT. 01, 2009


                                                                 1
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                    45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                                  Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                               aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com


Full Name & Address of Importer/Buyer             ALBORZ STEEL INDUSTRIES CO.
                                                  NO. 61, MOLASADRA ST., VANAK SQ., TEHRAN IRAN
Name of Vessel / Voyage No                         Stellar Pacific / V. 416S




SPECIFICATION


Product Name                                       COLD ROLL STS STEEL COILS IN SLIT EDGE
Supplier                                           POSCO VST CO., LTD.
Order quantity as per P.O                          60 MT of COLD ROLL STS STEEL COILS IN SLIT EDGE
Cargo loaded into/on Container/Vessel              Container to transport by Vessel
Parties cooperation during the inspection          Satisfactory
Parties Quality organization                       Normal



RESULTS OF INSPECTION:


  Kind of cargo                                    COLD ROLL STS STEEL COILS IN SLIT EDGE

  Quality                                          QUALITY IS AS PER TEST CERTIFICATE/REPORT ISSUED BY THE
                                                   EXPORTER/SHIPPER

  Country of Origin                                VIETNAM

  Bill of Lading No. & Date of departure           VNBND091008-SE Dated 25 Oct., 2009

  Port of Shipment                                 HO CHI MINH PORT, VIETNAM

  Condition of cargo                               BRAND NEW

  Color of cargo                                   WHITE

  Date of Manufacturing                            N/A

  No. of pieces ready for inspection               05 COILS

  Weight of cargo:                                 0.35 mm x 1219 mm x C

                                                   SIZE & WEIGHT SCALE:
                                                   PACKING: - 05 PALLETS (01 COIL /01 PALLET)
                                                   TOTAL:
                                                   NO. OF PALLETS : 05 PALLETS
                                                   NETWEIGHT: 16.730MT
                                                   GROSS WEIGHT: 17.130 MT
                                                   QUANTITY: 05 COILS




                                                         2
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                              Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                           aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com


Weight Checking Results:                     COIL 1: G.W: 3,100 KG
                                             COIL 2: G.W: 3,610 KG
                                             COIL 3: G.W: 3,610 KG; N.W: 3,550 KG
                                             COIL 4: G.W: 3,610 KG
                                             COILS: G.W: 3,340 KG
                                             TOTAL:
                                             NO. OF PALLETS : 05 COILS / 05 PALLETS
                                             GROSS WEIGHT: 17.270 MT




                                                 3
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

     45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
   Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




                      4
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                              Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                           aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




DOCUMENTS FOR REFERENCE

 Mill Test Certification                     Issued on 20 October 2009 submitted




                                                 5
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                               Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                            aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com


MARKING


 Shipping Mark on pallets




                                                                                                       )



WITNESS THE LABORATORY TESING

 Result of Testing                Satisfactory




                                                  6
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

     45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
   Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




                      7
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                   45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                                 Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                              aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com


PACKING

 Kind of Packing                        EXPOER STANDARD SEA WORTHY STEEL PACKING (COIL STANDARD) IN
                                        CONTAINER

 Quantity of Coil on pallet             01

 Number of Pallets                      05 PALLETS

 Outer condition of packing             GOOD

 Stowage of packages                    ALL PACKAGES PROPERLY CLOSED



Loading Supervision & Tally


  Container No.               IRSU 2679905

  Container Size              20’

  Shipping Line’ Seal No.     03444782

  Vessel                      STELLAR PACIFIC Voy. 416S

  Shipped on Board date       25 October 2009

  B/L No. & Dated             VNBND091008-SE Dated 25 Oct., 2009




                                                        8
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

     45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
   Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




                      9
The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group

                                         45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam
                                       Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393
                                    aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com




 Date of                                                Emission of the
                          23rd October' 2009
 Inspection:                                            certificate:
 The inspector who signs this document, according to all the respective items of the reference contract, has realized the inspection. From all
 the results obtained from the inspection, it considers that the commodities comply with all the contractual conditions.
 Inspector                                                                                                     Revised per
 Nguyen Sy Huy



Note:
1. All data and results presented in this document cannot be reproduced without expressed order of this Entity of Inspection


REMARKS:

The above survey has been conducted to the best of our ability without prejudice to any parties concerned.



FOR AGRICULTURE - INDUSTRY - MARINE INSPECTION CORP.




Dr Capt Nguyen Te Nhan / General Director




                                                                    10

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Pre Shipment Inpection

  • 1. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com FINAL INSPECTION REPORT Contract No: E909-0005 DTD: 18 September 2009 AIM Control is an Inspection Organism licensed to perform the Pre-Shipment Inspections according to contract No. E909-0005 between Posco VST Co., Ltd, Vietnam (Previous name: Asia Stainless Corporation) and SK Networks Co., Ltd, Korea Purchase Order No E909-0005 dated 18 September 2009 Inspection Organism Kind of Inspection Letter of Credit No AIM Control PRE SHIPMENT INSPECTION M16M90910RS00185 DATED 01 OCT. 2009 Name and Address Place of Inspection ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE – VIETNAM Manufacturer POSCO VST CO., LTD.(PREVIOUS NAME: ASIA STAINLESS CORPORATION) ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE – VIETNAM Seller POSCO VST CO., LTD.(PREVIOUS NAME: ASIA STAINLESS CORPORATION) ROAD 319B, NHON TRACH 1 INDUSTRIAL ZONE, NHON TRACH DISTRICT, DONG NAI PROVINCE – VIETNAM Buyer SK NETWORKS CO., LTD. 199-15, EULJIRO 2-GA, JUNG-GU, SEOUL 100-192, KOREA Notify Party ALBORZ STEEL INDUSTRIES CO. NO. 61, MOLASADRA ST., VANAK SQ., TEHRAN IRAN Final Destination BANDAR ABBAS, PERSIAN GULF, I.R OF IRAN Particulars of Materials COLD ROLL STS STEEL COILS IN SLIT EDGE ASTM 304 EQUIVALENT TO JIS G4305 COIL WT: MAX AB. T 3.5T, COIL I.D.: ABOUT 508MM WOODEN PALLET Invoice Packing List Bill of Lading Mill Test Certificate Document SKKR-722 VNBND091008-SE Code Dated 23 SKKR-722 Dated 23 Oct., 2009 SUBMITTED Dated 25 Oct., 2009 Oct., 2009 Status Report number 3321/PSI.0/2009AIM Issued on 27 October 2009 Clause/ L/C No. / issued on L/C NO. M16M90910RS00185 DATED OCT. 01, 2009 1
  • 2. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com Full Name & Address of Importer/Buyer ALBORZ STEEL INDUSTRIES CO. NO. 61, MOLASADRA ST., VANAK SQ., TEHRAN IRAN Name of Vessel / Voyage No Stellar Pacific / V. 416S SPECIFICATION Product Name COLD ROLL STS STEEL COILS IN SLIT EDGE Supplier POSCO VST CO., LTD. Order quantity as per P.O 60 MT of COLD ROLL STS STEEL COILS IN SLIT EDGE Cargo loaded into/on Container/Vessel Container to transport by Vessel Parties cooperation during the inspection Satisfactory Parties Quality organization Normal RESULTS OF INSPECTION: Kind of cargo COLD ROLL STS STEEL COILS IN SLIT EDGE Quality QUALITY IS AS PER TEST CERTIFICATE/REPORT ISSUED BY THE EXPORTER/SHIPPER Country of Origin VIETNAM Bill of Lading No. & Date of departure VNBND091008-SE Dated 25 Oct., 2009 Port of Shipment HO CHI MINH PORT, VIETNAM Condition of cargo BRAND NEW Color of cargo WHITE Date of Manufacturing N/A No. of pieces ready for inspection 05 COILS Weight of cargo: 0.35 mm x 1219 mm x C SIZE & WEIGHT SCALE: PACKING: - 05 PALLETS (01 COIL /01 PALLET) TOTAL: NO. OF PALLETS : 05 PALLETS NETWEIGHT: 16.730MT GROSS WEIGHT: 17.130 MT QUANTITY: 05 COILS 2
  • 3. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com Weight Checking Results: COIL 1: G.W: 3,100 KG COIL 2: G.W: 3,610 KG COIL 3: G.W: 3,610 KG; N.W: 3,550 KG COIL 4: G.W: 3,610 KG COILS: G.W: 3,340 KG TOTAL: NO. OF PALLETS : 05 COILS / 05 PALLETS GROSS WEIGHT: 17.270 MT 3
  • 4. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com 4
  • 5. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com DOCUMENTS FOR REFERENCE Mill Test Certification Issued on 20 October 2009 submitted 5
  • 6. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com MARKING Shipping Mark on pallets ) WITNESS THE LABORATORY TESING Result of Testing Satisfactory 6
  • 7. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com 7
  • 8. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com PACKING Kind of Packing EXPOER STANDARD SEA WORTHY STEEL PACKING (COIL STANDARD) IN CONTAINER Quantity of Coil on pallet 01 Number of Pallets 05 PALLETS Outer condition of packing GOOD Stowage of packages ALL PACKAGES PROPERLY CLOSED Loading Supervision & Tally Container No. IRSU 2679905 Container Size 20’ Shipping Line’ Seal No. 03444782 Vessel STELLAR PACIFIC Voy. 416S Shipped on Board date 25 October 2009 B/L No. & Dated VNBND091008-SE Dated 25 Oct., 2009 8
  • 9. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com 9
  • 10. The Viet-Nhan Agriculture - Industry - Marine Control Inspection Group 45, Str. 03, Ward 04, District 03, Ho Chi Minh City, Vietnam Tel. (848) 3832 - 7204 – (849) 03615612, Fax: (848) 3832 - 8393 aimcontrol@vnn.vn, aimcontrol@media.net.vn, www.aimcontrolgroup.com Date of Emission of the 23rd October' 2009 Inspection: certificate: The inspector who signs this document, according to all the respective items of the reference contract, has realized the inspection. From all the results obtained from the inspection, it considers that the commodities comply with all the contractual conditions. Inspector Revised per Nguyen Sy Huy Note: 1. All data and results presented in this document cannot be reproduced without expressed order of this Entity of Inspection REMARKS: The above survey has been conducted to the best of our ability without prejudice to any parties concerned. FOR AGRICULTURE - INDUSTRY - MARINE INSPECTION CORP. Dr Capt Nguyen Te Nhan / General Director 10