Velosi Saudi Arabia Co. Ltd.

Dammam- King abdulaziz St- Business City Bldg. 10

P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

Ref: VKSA-LE-PRO-102-11-10 Rev.1

Date: 27-03-2011

Attn. Mr. Patrick Jay Gregorio

Procurement Department
SHADE Corporation Ltd.
Kingdom of Saudi Arabia
Tel: +966 3 835 0100 ext.234
Fax: +966 3 834 3910
E-mail: patrick@shadeco.com

Dear Sir,

Subject : PROPOSAL FOR THIRD PARTY INSPECTION OF ELEVATING AND

LIFTING EQUIPMENT

With reference to your request please find herewith our financial proposal No. VKSA-LE-PRO-102-
12-10 Rev.1 dated 27 MARCH 2011 for your review and approval.

We trust that our proposal meets your requirement. Please contact the undersigned for any
clarification.

Assuring you of our best services at all times.

Yours truly,

For Velosi Saudi Arabia Co. Ltd.

Mohammed A. Al-Khalifa
Country Manager

Encl: Proposal
Page 1 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

PROPOSAL No.VKSA-LE-PRO-102-12-10 Rev.1

Dated 27-03-2010

For

PROPOSAL FOR THIRD PARTY INSPECTION OF ELEVATING

AND LIFTING EQUIPMENT

Client:
SHADE CORPORATION LTD.

Page 2 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

CLIENT: SHADE CORPORATION LTD. PROPOSAL No. VKSA-LE-PRO-102-12-10 Rev.1

TECHNICAL / COMMERCIAL PROPOSAL

1.0 SCOPE

Provision of Third Party inspection of elevating and lifting equipment & Aramco Certification.

2.0 FINANCIAL PROPOSAL FOR INSPECTION SERVICES

a) The Proposed Rates are as follows:

Item Description of Required Service Rates : Per Unit

Page 3 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

1. Aramco Certification : Visual Inspection ( Every 3 months Inspection )

Tower Crane : All Capacities. 1350.00 SAR

Crawler Crane : 20 Te 450 Te 1000.00 SAR
Mobile Crane : upto 250 Te 750.00 SAR
Mobile Crane: 250 to 500 Te . 800.00 SAR
Man Lift, Telehandler: All Capacities . 600.00 SAR
Manbasket: All capacities 400.00 SAR
Front Loader Tractor: All Capacities .. 600.00 SAR
Articulating Truck Mounted Crane : All Capacities ... 700.00 SAR
Side Boom Tractor: All Capacities 450.00 SAR
Forklift: 3 Te 35 Te 450.00 SAR

For initial inspection & witness of proof load testing & certification in 225.00 SAR/hr.
compliance with Saudi ARAMOC procedures.

2. Third Party Inspection of Overhead Cranes and Loose Gear.

a) Witness of Load testing and Certification for compliance with Client

Procedures and Standards for the Overhead Cranes.....
b) Inspection and Certification of Loose Gears (bi-annually)..........
200.00 SAR/hr
(Max 10 Items per hour)

3T - 10T Spreader Beam

300.00 SAR
10T + Spreader Beam.
350.00 SAR
3. Third Party Certification : Test & Thorough Examinations ( Annually )

Tower Crane : All Capacities 1350.00 SAR

Crawler Crane : 20 Te 450 Te 1140.00 SAR
Page 4 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

Mobile Crane : upto 250 Te .. 900.00 SAR

Mobile Crane : 250 to 500 Te .. 1140.00 SAR
Man Lift , Telehandler : All Capacities 650.00 SAR
Manbasket : All capacities 500.00 SAR
Front Loader Tractor : All Capacities .. 650.00 SAR
Articulating Truck Mounted Crane : All Capacities ... 800.00 SAR
Side Boom Tractor : All Capacities 600.00 SAR
Forklift : 3 Te 35 Te 500.00 SAR
Certification of Loose Gears (Max of 10 items per hour) . 200.00 SAR/hr.
Generator: All Capacities.. 500.00SAR
Welding Machine: All Capacities.. 500.00 SAR
Earth Moving Equipment: Grader, Bull Dozer, etc. 650.00 SAR

Provision of Training & Assessment

4.
Provision of Rigger Training & Assessment, Levels II & III .
2 x Days Training @ Velosi Saudi Arabia/Client Premesis
1 x Day Assessment and Examination @ Client site 2500.00 SAR
Minimum 4 Persons / Maximum 12 Persons Per Man

Provision of Rigger/ Crane Operator / Forklift & Manlift Operator

Assessment Only, Levels II & III ..................................
1 x Day Assessment and Examination @ Client site
Minimum 4 Persons / Maximum 12 Persons 550.00 SAR
P/Man

Any delays due to Operator not being available or any other technical
5. problem causing stand-by of the Inspection will be charged
at..
225.00 SAR/hr.
Travel will be free of cost for a radius distance of 100 kms from
Dammam.

Travel distance over 100 kms from Dammam/Jubail/Jeddah will be

6. charged at

2.00 SAR/ Km
Provision of hire of calibrated test weight and load cells.
Page 5 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

Hire of calibrated load cells

25 TONNE load cell (western province)
55 TONNE load cell (eastern province).
450 SAR/ day
550 SAR/ day
Hire of calibrated test weights (max 40 TONNE)

Hire of 40 TONNE skid 100SAR/TONNE

per day

Lifting tackles (Slings & Shackles) shall be provided by.. 1500SAR/day

Lifting tackles (Slings & Shackles) shall be provided by..
Shade Corp.
Mobilization and demobilization of test weights shall be arranged by
Shade Corp.
Electrician, Mechanics, riggers, helpers, etc shall be provided by.
VELOSI
Shade Corp.

CLIENT: SHADE CORPORATION LTD. PROPOSAL No. VKSA-LE-PRO-102-12-10 Rev.1

3.0 TERMS OF PAYMENT

0.1. Invoice shall be submitted on monthly basis for days spent on inspection and
payment shall be made within 30 days of submission of an invoice with report.
3.2 Prior to commencement of the required service Velosi Saudi Arabia Co. Ltd.

Page 6 of 7

Velosi Saudi Arabia Co. Ltd.
Dammam- King abdulaziz St- Business City Bldg. 10
P.O. Box 7114 Dammam 31462 Saudi Arabia 31952 1280 ..
Phone: 966 3 831 5950 Fax: 966 3 831 5955 966 3 895 2597 : 966 3 894 1700 :
C.R. 2051036416 Paid Up Capital SR. 500,000 500 000 2051036416 ..

will require a Purchase / Work Order , Service Agreement or Contract signed by both
parties.

4.0 VALIDITY

Our offer is valid for a period of 30 days from the date of this proposal.

5.0 COMMUNICATION

All co-ordination and communication shall be addressed to:

Mr. Sadique Basha

Operations Manager
Tel: +966 3 831 5950 Ext 230
Fax: +966 3 831 5955
Mob: +966 (0)5567401020
E-mail: s-basha@velosi.com.sa

For Velosi Saudi Arabia Co. ltd.

Country Manager
Mohammed Al-Khalifa

Proposal is accepted:

Name:
Title:
Signature: Date:

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