LETTER of INTENT (Sample) (This must be on Buyer's Letter head) Date : XX .......................... 2004 Dear Sirs, We (company name) hereby declare that we are ready, willing and able under the act of perjury to purchase the following commodity as specified below and certify that we have available full funding for the purchase : NAME OF THE PRODUCT : ....................................................................................................... ......... FULL SPECIFICATIONS OF THE SUBJECT PRODUCT : ..................................................................... Specification No : ............................... Quantity : ............................................. tons (minimum shipment ........................................... tons). Destination Port SWP as per attached shipping schedule. Contract Duration : 3 / 6 / 12 / 18 / 24 / 36 / 48 months. Rate / Size of Shipment : ............................................................................................. tons / month. Packing : ................................................................................................................... ........................ Rate of Discharge at Destination : ............................................................................... tons per day. Target Price & Destination : ...................... US$ / MT CIF ASWP. Origin: Russia
Terms of Payment : Please specify the type of L/C payment you wish to offer : DLC, RLC, FFDLC, FFRLC, BG, SLC, Unconditional SLC, Joint Venture, Reserved Funds, Confirmed, Irrevocable, Transferable Divisible, 100% payable at sight from a prime bank, etc., Performance Bond : ( 2% from sellers). Full Name of the Bank : ................................................................................................................... Full Address of the Bank : .................................................................................................. .............. Bank Telephone No : ......................................................... Bank Fax No : .................................... Bank Officer Name and Direct Phone: Bank Account No : ........................................................................................................... ................. Bank SWIFT / Sort Code No : ........................................................................................................... We give you our permission to seek usual Bank reference. Full Name of the Company : ............................................................................................................. Full Name of Signatory : .................................................................................................... ............... Position of Signatory : .............................................................. (this must be CEO of the company). Yours truly Signed : ................................ Signed for and on behalf of Company rubber stamp :