Letter Of Intent (On the Buyer Letterhead) by qpn10303

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									                              ®
                                     CONNECTECH ENGINEERING CONSULTING LTD.

                                       LPG QATAR SOFT OFFER

Date:            23 January 2007

Following is the format of the Letter Of Intent required from interested buyers. The LOI should on
the end buyer letterhead and duly signed and sealed. Below you will find further details about the
procedure to be followed by the buyer.
                                          Letter Of Intent
                                     (On the Buyer Letterhead)
On behalf of _______________________ (COMPANY NAME), herewith we would like to
confirm our willingness and ability to buy the product, Liquefied Petroleum Gas (LPG) mentioned
here under the following terms and conditions. We have seen the procedures supplied by your
representative, and would like to proceed with the deal.

Commodity:                        LIQUEFIED PETROLEUM GAS (LPG)
Origin:                           QATAR
Chemical Composition:             As Per Specs in Appendix 1.
Quantity:                         Have the buyer put in the amount needed Metric Tones (10%) per
                                  month: Buyer / Seller must agree to increase the volume with notice
                                  up to and including (Put in an amount if desired) MT monthly + /- 10
                                  % of metric tons. This contract shall be for a period of 12 months
                                  with rolls and extension up to 60 months.
Shipment Amount:                  500,000 MT Put In Amount Here
Delivery:                         Within agreed period 45 days after receiving BG OR Transferable
                                  Revolving DLC (DO NOT CHANGE)
Origin:                           QATAR
Loading Port:                     QATAR
Port of Destination:              Put In Destination Here
Price:                            US$ 440 / MT – FIXED-CIF Delivery          (DO NOT CHANGE)
Payment:                          Payment has to be by REVOLVING, TRANSFERABLE BG OR
                                  RDLC 12 MONTH (DO NOT CHANGE)
Buyer’s banking details:
         Bank Name:
         Address:
         Account Name:
         Account No:
         Swift No:
         Contact Person:



        N 7 Dromartin Castle, Birches Lane, Goatstown, Dublin 14 IRELAND, Phone/Fax +353 1 2967734,
                Mobile +353 86 3168762, Email: kbenmadhi@connectechengineering.com
                                   Web: www.connectechengineering.com

                                                  Page 1 of 4
                           ®
                                  CONNECTECH ENGINEERING CONSULTING LTD.

Inspection:                    Quality and Quantity Inspection has to be done by SGS at the port of
                               loading and the same at port of discharge. (DO NOT CHANGE)
Validity:                      7 (seven) banking days        (DO NOT CHANGE)
Contract Length:               One Year - 12 month period with rolls and extensions
Bond:                          Seller issues 1% PB           (DO NOT CHANGE)
Price Review:                  Will be at the 12 month       (DO NOT CHANGE)
Other:                         Terms conditions, if any to be discussed after receiving letter of
                               confirmation order/purchase.     (DO NOT CHANGE)




     N 7 Dromartin Castle, Birches Lane, Goatstown, Dublin 14 IRELAND, Phone/Fax +353 1 2967734,
             Mobile +353 86 3168762, Email: kbenmadhi@connectechengineering.com
                                Web: www.connectechengineering.com

                                               Page 2 of 4
                           ®
                                 CONNECTECH ENGINEERING CONSULTING LTD.


PROCEDURES:
       (DO NOT CHANGE THESE PROCEDURES – THEY MUST BE IN THE LOI AS WRITTEN)

1. Buyer issues ICPO/LOI with full Banking Information and BCL,
2. Seller issues Draft Contract via email for Buyer’s review,
3. Buyer signs and seals Contract and email to Seller for signature. Seller signs and seals same
   Contract and returns via email to Buyer.
4. After verification of the above two (2) procedures by the Buyer, Seller issues four (4) Hard-
   Copy Originals and sends to Buyer via DHL.
5. Buyer signs Hard-Copy originals and returns (three) 3 copies, including one copy duly
   notarized, to the Seller via DHL; Seller confirms good receipt of Hard-Copies.
6. Buyer’s bank confirms by swift PRE ADVICE DLC (MT-705) OR MT-760 TO THE Seller’s
   Bank.
7. Seller sends Proof of Product to Buyer’s Bank (Bank to bank) via MT-999.
8. Buyer issues Non-operative revolving transferable DLC to Seller’s bank.
9. Seller issues Non-Operative 1% PBG to Buyer’s Bank.
10. DLC & PBG are irrevocably activated by Seller & Buyer Banks.
11. Cargo delivery as per contract.

Buyer has 7 (SEVEN) international banking days in which to open the non-operative pre-advise or
MT-760 DLC confirmation as per contract.

NOTE: IF BUYER IS VIA CHINA AND WANTS TO WORK WITH CHINESE
MAINLAND BANKS, THEN THE DLC MUST BE CONFIRMED BY HSBC HK.


To be signed by the Buyer’s Company General Director and sealed by the Buyer’s Company Seal.


With our best regards,
Mr. Kamel Ben Madhi,
General Director
Connectech Engineering Consulting LTD. Dublin, IRELAND.
For Contact Details, please check our web site: www.connectechengineering.com




     N 7 Dromartin Castle, Birches Lane, Goatstown, Dublin 14 IRELAND, Phone/Fax +353 1 2967734,
             Mobile +353 86 3168762, Email: kbenmadhi@connectechengineering.com
                                Web: www.connectechengineering.com

                                               Page 3 of 4
                           ®
                                 CONNECTECH ENGINEERING CONSULTING LTD.

                                          Appendix 1
                                        LPG Specification

Specifications required for the LPG. 50% Propane and 50% Butane mix:


A. BUTANE

 Typical              Test Unit Design              Actual                  ASTM Method
 Ethane               Mole%                         0.08                    G.C
 Propane              Mole%                         0.95 2 Max              G.C
 Total C4             Mole%                         98.3 97.5 Min           G.C
 Total C3             Mole%                         0.75 0.82 Max           G.C

B. PROPANE

 Typical                    Test Unit Design      Actual                            ASTM Method
 Ethane                     Mole%                 0.47Summer 0.4 Max                G.C
                                                  0.509 Winter
 Propane                    Mole%                 98.17Summer 98 Min                G.C
                                                  98.17 Winter
 Butane                     Mole%                 1.353Summer 1.4 Max               G.C
                                                  1.249 Winter
 Pentane & Heavier          Mole%                  0.01 Max                         G.C

BUTANE PROPANE MIX SPECIFICATIONS

PROPANE - BUTANE GAS MIXTURE                                 LPG
MIXTURE PERCENTAGES:
      PROPANE – PROPYLENE                                     50%
      BUTANE – BUTYLENES                                      50%
      VAPOR                                                   37.8 MAX 1380 KA
      SULFUR                                                  MAX 343 MG/M3
      EVAPORATE WASTE MATERIAL                                MAX 100 ML
      D Ci at h                                               200,000




     N 7 Dromartin Castle, Birches Lane, Goatstown, Dublin 14 IRELAND, Phone/Fax +353 1 2967734,
             Mobile +353 86 3168762, Email: kbenmadhi@connectechengineering.com
                                Web: www.connectechengineering.com

                                               Page 4 of 4

								
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