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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:

 



        Commodity Description

        Specifications

        Quantity

        Unit Price (Target Price)

        Method of Payment

        Packing Description

        Port of Destination

        Delivery Schedule

        Inspection Requirements

        Terms of Payment

EXAMPLE:

COMPANY'S OFFICIAL LETTER-HEAD


LETTER OF INTEND WILLING, READY AND ABLE

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.
 



 Payment:       By Irrevocable Revolving Documentary Letter  of Credit Issued from a 

                Prime Bank,  payable  against presentation of proper shipping documents.
                                      

	  


Delivery:         Within 30 days of receipt of workable L/C



Inspection:       Quality, Quantity, weight by SGS (or comparable)



Perform. bond:    2% over the total value of the shipment





Signature