Letter of Intent
Date:
To :
I/We the undersigned, confirm that, under International Criminal Penalty of Perjury and Civil/Criminal Intent to Defraud, by signature below verify that I / we have the financial capability to complete the purchase of _____ as described herein.
- Commodity /Grade / Specification / etc..
- Total Quantity / Monthly Shipment Quantity
- Length/Duration of Contract
- Any Origin /Origin Particulars (if specific origin required)
- Packing /Marking /Required
- Destination/Country/Port of Discharge
- Discharge Rate per day.
- Incoterms : FOB , CFR or CIF
- If the terms FOB, mention Load Rate and charter party details.
- Delivery Schedule (buyer schedule)
- Payment Terms/Transferable LC, (For contract deal, L/C need to be on ‘revolving’ basis or the same will be considered a spot deal)
- Target Price (FOB/CFR/CIF)
LC Issuing/ Buyer Bank Information
- LC issuing Bank /Address / Coordinator Name/Tel /Fax Nos.
- Bank Account Name/ Number (of buyer’s)
- SWIFT Code
LC Confirming Prime bank Information
- LC confirming Bank /Address /Tel /Fax Nos.
- SWIFT Code
We understand that any and all offer's and/or contracts are subject to Seller's successful soft probe of buyer's bank account. We, (buyer) therefore, being the legal authority, authorise the Seller for conducting a soft probe on our bank account and information provided through this document.
Buyer’s Name,
Corporate Seal,
Signature,
Name of the Signing Authority
Position of the Signing Authority
End of Document
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Note :
The LOI should contain all the relevant requirements /terms/conditions of the buyer when submitted. The LOI necessarily be a current dated one. The LOI issued in Buyer’s corporate letter head must have Tel, Fax and E-mail address including website address if existing.
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