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Letter of Intend (LOI) /SAMPLE/
This page
contains an example of Letter of Intend (LOI).
(To
publish this document here we have used various sources
both online and off-line - last updated in May, 2004.)
Letter
of Intend (LOI) SAMPLE (details can significantly differ)
===================================
L E T
T E R H E A D
----------------------------------------------------------------------------------------------------------------------------------
We, ________________,
confirm with full legal and corporate responsibility under
penalty of perjury, that we are ready, willing and able
to buy ________ MT of _______under the following terms and
conditions:
1. PRODUCT:
2. ORIGIN:
3. SPECIFICATIONS:
4. PACKING: In bulk
5. INSPECTION: (By S.G.S. at loading port, on Seller's account.
- [only if mentioned in the offer])
6. QUANTITY:
7. DELIVERY: Port of ______ - first shipment shall be within
30 days after the receipt of L/C by your bank.
8. MODE: FOB/C&F
9. PRICE: US$ ____ / MT
10.PAYMENT: (Irrevocable, Transferable, Documentary Letter
of Credit, opened or confirmed by a Western European bank
acceptable to Seller, and payable 100% at sight against
presentation of shipping documents, for the entire contract
value of
11. PERFORMANCE BOND: % of contract value of each shipment)
12. DOCUMENTS: (Following documents are requested to be
presented for payment on shipment:
a) Clean on board bill of lading marked "freight prepaid"
and blank endorsed.
b) Certificate of weight and quantity issued by S.G.S. or
comparable
c) Certificate of origin issued by or endorsed by Chamber
of Commerce of the country of origin.
d) Signed commercial invoice.
e) Master's receipt of all documents except commercial invoice.
f) Weight/packing list).
13. PROCEDURES:
a) Buyer issues LOI
b) Seller issues proforma
c) Buyer signs and returns proforma
d) Seller and buyer sign contract
e) Buyer instructs his bank to KTT to Seller's bank re proof
of funds;
f) Seller shall instruct his bank to KTT to Buyer's bank
re proof of product and % PB to be operable upon receipt
of LC;
g) Buyer's bank opens LC;
h) First shipment commences within 30 days.
14. BANKING COORDINATES: Documentary letter of credit to
be opened by:
Name & Address of Bank ________________________
Officer:_____________
Tel No.________ Fax No.________
Telex No________ Swift Code_________
Buyer's Account No___________
Name and address of confirming prime bank
We look forward to receiving Seller's proforma offer.
Yours sincerely
_______________
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