Company original Letter Head ________________________________________________________________________ Address: Street: City: E-Mail: Skype: Tel: Fax: ___________________________________________________________________________ Letter of Intent (LOI) LOI/REF. Number: Date: To: FOUR SEASONS PACIFIC Ltd. 10/F, Hong Kong Trade Centre 161,Des Voeux Road, Central Hong Kong Att: Michael M. Beise (CEO) We the undersigned “…… hereby confirm with full legal and corporate responsibility and under penalty of perjury that we are ready, to purchase the commodity ….. In the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority of the above stated buyer. COMMODITY: Crude Degummed SOYOIL CDSO ORIGIN: South America SPECIFICATIONS: DIN 51605 – verified by SGS standard MOQ-QUANTITY: CDRO 5.000/MT – CDSO 12.500/MT PACKING: bulk vessel oil tank SHIPMENT Schedule: immediately, repeat or extension order optional MODE OF PAYMENT: T/T 30/70 CAD – TDLC at sight FIRM PRICE Quotation: CDSO USD 899/MT CIF DESTINATION PORT: port to be disclosed unloading rates PWWD/SHEX INSPECTION: S.G.S on loading port Shipping Document: Original Bill Of loading 3 copies Original Commercial Invoice in 10 Copies Certificate of Original legalised by Chamber of commerce Manufacturer Certificate. Certificate of Weight and Quality at Seller Cost issued by one of the following In dependent Supervisor companies: SGS Buyer has the right to nominate on his cost any other Independent Supervision and have all right to be present or represented during the Loading. CAD- PROCEDURE: 1. Buyer send purchase order confirmation by using LOI as officially Order. 2. Seller confirm by issuing “Performa Invoice” including in order of documents Specs, Packaging, Prices, Payment Terms, Lead time, final destination port. 3. Buyer transfer 30% of the total P/I value as advance payment. 4. Seller provides immediate full set of shipping documents as above. 5. Buyer balanced rest payment 70% by T/T confirm by MT103 vs. copy of B/L. TRDLC – Procedure: a) Seller will provide a soft offer. (This document); b) If a deal is coming through sellers mandate, agents or intermediaries, an NCNDA have to be signed by all parties including the buyer to protect everyone interest to the transaction; c) Buyer sends Letter of Intent LOI or ICPO addressed to FSAP-HK d) Seller (Represented by FSAP-HK) issue FCO in favor of the buyer; e) Buyer returns FCO with acceptance page filled, signed and endorsed, or ICPO; f) Seller (represented by FSAP-HK) would release draft contract; g) Contract negotiation begin over emails between End Buyer and End Seller thru FSAP-HK h) Final draft contract sign electronically by both end buyer and seller; i) Final contract signing would be schedule in Sellers Head Quarter where all concession/allocation and past performance would be presented; j) N/A k) Within seven (7) banking days the buyers bank sends the non-operative payment instrument; l) Within seven (7) banking days seller would provide 2% performance bond which would automatically activate the L/C. m) Delivery and shipment commence as per schedule mutually agreed in the contract. BUYER’S INFORMATION COMPANY NAME: CEO/Chairman: ADDRESS: CITY/ZIP: COUNTRY: TEL: FAX: E-MAIL: DIRECTOR NAME: TEL: SKYPE: BUYER’S BANK COORDINATES BANK NAME: ADDRESS Bank: CITY/ZIP: COUNTRY: BANK TEL: BANK FAX: ACCOUNT NAME: ACC/NUMBER: BANK SWIFT CODE: BANK OFFICER’S NAME: TITLE: DIRECT TEL/FAX: IF NOT UNDER TOP 50 WORLD BANK, IT IS OBLIGATORY TO FILL THE BANK NAME OF BUYER’S CORRESPONDENT BANK BELONG TO TOP 50 WORLD BANKS BELOW: TOP 50 Banks: > http://www.bankersalmanac.com/addcon/infobank/wldrank.aspx BUYER’S CORRESPONDENT BANK OF TOP 50 WORLD BANKS: BANK NAME: ADDRESS Bank: CITY/ZIP: COUNTRY: BANK TEL: BANK FAX: ACCOUNT NAME: ACCOUNT NUMBER: BANK SWIFT CODE: BANK OFFICER’S NAME: TITLE: DIRECT TEL: We “……………” (Company name) give our permission to sellers bank for soft probe. For and on behalf of ……… TO “Company Name” This is the only current active LOI/ICPO and has been exclusively offered to the company: FOUR SEASONS ASIA PACIFIC LTD, HONG KONG for the release of the FCO/Draft Contract. This LOI takes precedence over any other LOI`s/ICPO´s currently issued for this commodity. SIGNATURE: CORPORATE STAMP/SEAL NAME: TITLE: DATE: Validity LOI 7 days from issuing SCO. LOI must be completely filled out, signed by Chairman/CEO sealed with company stamp, otherwise seller does not consider.
Pages to are hidden for
"FSAP LOI CDSO 2009 VII"Please download to view full document