BUYERS LETTER HEAD
PURCHASE ORDER / LOI
Buyers Transaction Code:
We, The Holdings Group confirm that we are ready, willing and able to purchase the
following commodity as specified below subject to acceptable product, price, delivery,
proof of product and payment terms and enclosed logistics.
Quantity: 5MM BBLS per week
Duration: Contract 12 month Min. w/rolls & extension
Pricing: Discounted rate of $.00 Net /$.00 Gross off of __________Platts
Price based on a specific-region Platt rate.
Payment Terms: MT103 / Fed Wire / IDLC / IRDLC / ETC…..
1.) Buyer issues the purchase order or letter to intent with the information as
A.) Company name.
B.) Company address / phone/ fax/ e-mail/ representative’s name / title.
C.) Quantities desired and frequency of delivery.
D.) Logistic: Tank storage account number, tank storage coordinates, Pipeline account
number, pipeline coordinates, etc.
E.) How the buyer prefers to pay: Wire, MT103, IDLC, IRDLC, ETC.
F.) Buyer issues a letter authorizing seller, to register buyer with the refinery, for the
2.) Seller issues the commercial invoice to the name of the buyer.
3.) Buyer confirms the existence of the product within 24 hours.
4.) Payment and lifting schedule as per agreement.
BUYER (AUTHORIZED SIGNATURE)