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International Ventures Pte Ltd

LOI Format
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BUYER’S LETTERHEAD

 

Date Issued: Date must be less than 5 days old

 

LETTER OF INTENT

                    

TO          :               The Seller

FROM     :               (Buyer’s Name goes here)

                         

We, (Buyer’s Name goes here), hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below.

 

We are purchasing the required product as an independent Buyer and shall not in any way represent ourselves as either __(Seller)___ or their Seller/Supplier.  As an independent Buyer we will not issue a contract to our clients that claims any affiliation with ___(Seller)______or the Seller or Supplier of this offer. 

 

 

COMMODITY                  :                        HMS 1 & 2 / USED RAILS / HMS 1

ORIGIN                          :                        USA/Central Europe

SPECIFICATION             :                        (insert product required here)

COMPOSITION              :                         (insert product required here)

                            

 

QUANTITY                      :                        MT / Shipment / Month

CONTRACT LENGTH       :                        XX Months

LOADING PORT              :                        As per supplier

DESTINATION PORT       :                        (insert port of delivery here)

 

TARGET PRICE              :                        (Should be Invoice Price to Buyer including commissions)

SHIPPING TERMS            :                        (CNF/CIF)

DELIVERY TIME               :                        (insert approximate month of 1st shipment here)

 

PAYMENT :

LOI VALIDITY                     :                        14 days from the date of issuance

 

The Buyer is aware that this LOI is being issued on (insert date of LOI here) to _____(Seller)_______acting as their representative, to be presented to the Seller's representative.

 

This LOI is the only current active LOI and has been exclusively offered to _____(Seller)_______for the release of the Draft Contract.  This LOI voids any and all other LOIs currently in circulation for this quantity and product.

 

The Buyer is of the understanding that any and all offers and/or contracts are subject to successful Seller verification of funds and that said Seller thus has written permission to conduct a soft probe of the Buyer 's account.

 

           The following table is for Buyer’s information and banking details:

(ALL BANKING DETAILS MUST BE PROVIDED)

 

 

Company Name:

 

 

 

 

Company Address:

 

 

Contact Person:

 

 

 

Telephone:

 

 

Fax:

 

 

Email:

 

 

 

Company Bank:

 

(Should be Top 25 World Bank)

 

Bank Address:

 

Bank Complete Telephone Number:

 

Bank Complete Fax Number:

 

Bank SWIFT/ABA/Routing Number:

 

Bank Account Number:

 

Bank Account Holder:

 

 

              

             Sincerely Yours,

                                                  

             (DOCUMENT MUST BE SIGNED BY BUYER/BUYER’S REPRESENTATIVE)

 

XXXXXXXXXXX

President Director

The above LOI format is applicable for Heavy Melting Scrap (1&2, 1 and Used Rails), Copper Cathode, Steel Billets, Coal.

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