LETTER OF INTENT
LOI (Letter of Intent, or Intend), is a letter issued on the buyer's company Letterhead, addressed to the seller, signed by an officer of the buyer's company, and is normally faxed to the seller's company. The LOI should indicate that the buyer wishes to buy a commodity, and contains the following information as applicable:
COMPANY'S OFFICIAL LETTER-HEAD
HEREBY WE (BUYER) CORPORATION WITH FULL CORPORATE AUTHORITY AND RESPONSIBILITY AS BUYER ISSUE THIS LETTER OF INTENT TO PURCHASE THE FOLLOWING PROUDCT UNDER THE FOLLOWING TERMS AND CONDITIONS:
Commodity: (i.e. White Cane Sugar Grade "A") Specifications: (i.e. Polarization: 99.80% Mosture: 0.04% max Ash: 0.04% max Solubility: 100% free flowing ICUMSA: 45 RBU Color: Sparkling White Granulation: Standard to fine Origin: South or Central America Packing: 5O kg new poly-lined jute bags Quantity: 50,000 Metric Tonnes (MT) Price: USD$257,00 / PMT. C&F , SPAIN.