GERLING ? KONZERN

ALLGEMEINE VERSICHERUNGS-AKTIENGESELLECHAFT

Certificate of Insurance

Agency

Open Cover

Number

Address of Agency

GERLING SERVICE NEDERLAND N.V.
Herengracht 520, 1017 cc Amsterdam / The Netherlands
Tel.: (20)5249213
Telefax: (20)6268093
Telegrams: Gerlingnet

This is to certify that under the above-named open cover insurance is granted to

ORDER

For account of whom it may concern.

Sum insured: USD123,046(USD one hundred twenty three thousand forty six only)

Insured goods

DEMINERLIZED WHEY POWDER

Insured Voyage

Place of commencement of insurance

Interior of Helsinki Finland

To

Dalian, P.R.C.

Via

Rotterdam the Netherlands

By means of transport

With mv Sea Nodica and Lindoe Maersk
Shipping date September 15, 1999

Conditions

1.      Marine Insurance (ADS) and Special Conditions for Cargo (ADS Guterversicherung 1973)

2.      Conditions of the above-mentioned open cover.

3.      From the conditions overleaf the following are applicable.
9, 10, 11

4.      Cover applies to the voyage between the places of commencement and termination of insurance mentioned above as per Warehouse to of _____ days after discharge from the ocean vessel at the part of destination.

5.      In addition:
claims payable in China in currency of the draft, covering ocean marine transportation All risks, War risks.

Claims are payable to the bearer.
The certificate is made out in 3 originals. If a claims is paid against one of them the other(s) with be void.

Important instructions to be followed in case of loss or damage see overleaf.

Claims Survey Agent ( to be called in when claims exceed the amount of DM2000.- or countervalue in other currency)

Huatai Insurance Agency &
Consultant Service Ltd.
115 Sidalin Road
Dalian China
tel (411)2654528, 2630872
fax (411)2804558
Telex 86222 picc cn

Date September 12, 1999

GERLING ? KONZERN
ALLGEMEINE VERSICHERUNGS-AKTIENGESELLSCHAFT