Memorto International Resources
Home | Products | Contact us | Our Policies | LOI | NCND | BCL | About us | Query Form

Letter Of Intend

BUYER’S LETTERHEAD

 

Date Issued: Date must be less than 5 days old

 

LETTER OF INTENT

                    

TO          :               Make Blank

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.

 

 

COMMODITY :USED RAIL R50 (51.67 kg/m)-R65 (64.72 kg/m)

 

ORIGIN          :  Central Europe

SPECIFICATION   :  Used Rail are straight, free from grease, tar, all attachments

                                 :  anchors and splice bars. Rails are selected according to their

                                   :  specification and lengths. (+/-0.5m)

COMPOSITION    :  C: 0.54-0.82, Si: 0.18-0.40, Mn: 0.60-1.05, S: 0.04 max

                               :  P: 0.035 max, As : 0.01 max of Mass Share.

                        :  Norms: R50 GOST-7173-75, R65 GOST-8165-75

 

QUANTITY                          :   XXXXX MT / Shipment / Month

CONTRACT LENGT         :   12 Months

LOADING PORT               :    As per supplier

DESTINATION PORT      :   Central Europe Main PorT

 

TARGET PRICE                :   XXX USD               

SHIPPING TERMS           :   CIF

DELIVERY TIME             :   30-45 days after received Buyer L/C

 

INSPECTION : Quality, Quantity, Weight by SGS at seller’s cost at loading port

PAYMENT : Irrevocable, Revolving, Transferable, Confirmed LC at sight 100% in USD

                  

PBG          : 2% to be submitted by seller after received Buyer L/C

LOI VALIDITY         : 14 days from the date of issuance

 

The Buyer is aware that this LOI is being issued on XXXXX , 2005 (insert date of LOI here).

 

This LOI is the only current active LOI and has been exclusively 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 50 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)

 

XXXXXXXXXXX

Presi  President Director

 

 

NOTE.

 

  1. ALL LOIs BEING SUBMITTED TO US FOR PURCHASE MUST CONTAIN THE INFORMATION NOTED ABOVE IN RED.  IF THE LOI IS NOT FRESH AND DOES NOT CONTAIN THIS INFORMATION, THEN WE CANNOT SUBMIT IT TO OUR SELLER.  THESE REQUIREMENTS ARE IN PLACE TO ENSURE THAT THE INQUIRY HAS THE GREATEST OPPORTUNITY TO SUCCESSFULLY CLOSE.

 

  1. ALL DOCUMENTS ATTACHED TO THE LOI (INCLUDING BUYER’S COMPANY REGISTRATION, IMPORT PERMIT/QUOTA) PRINTED IN LANGUAGES OTHER THAN ENGLISH LANGUAGE MUST BE ACCOMPANIED BY A TRANSLATION TEXT IN ENGLISH LANGUAGE.