LETTER OF INTENT
(LOI for Sugar)
NOTE : This is a sample form of the LETTER OF INTENT
To:
DATE:
LOI REFERENCE NO: _____________________
BUYERS REF NO: ________________________
I …………..…………under signed, as Managing Director of (company name
here) hereby confirm with full legal and corporate responsibility and under
penalty of perjury that we are ready, willing and able to enter into a contract
for the purchase of the following commodity as specified below and that
funding is available including any import/export permits needed to fulfill the
purchase of the commodity as specified below. Also, hereby we introduce
our exclusive purchase representative as specified below for this purchase
by which any negotiations by the suppliers must be handled and finalized;
Name of the Product / SUGAR ICUMSA 45
Specifications: (Attach separate page)
Quantity: ......... Metric Tons per 12 months / spot Order 1 month
Total quantity : ..............MT ( for one year period / spot quantity )
Contry of orinin : ……………………….
Packing : 50 kg bags
Destination Port / Country: FOB / CIF. Port name
Delivery Terms (schedule): ................MT (+/-5%)/ MONTH FOR 12 MONTHS .
Rate / Size of Shipment (Optional): .......... mt
Discharge Rate at Destination Port (Optional): ...........Tons Per Day.
Inspection: By SGS or similar at seller's expense.
Target Price: USD ........ $ (...................................... ) Per M/T.
Total Valuation of Transaction: USD .....................$.
SPECIFICATIONS
GENERAL SPECIFICATIONS FOR BRAZILIAN CANE SUGAR ICUMSA 45
WHITE REFINED SUGAR - ICUMSA 45 FOR HUMAN CONSUMPTION SHALL CONFORM TO
THE FOLLOWING SPECIFICATIONS:
WHITE REFINED CANE SUGAR HUMAN CONSUMPTION
COMMODITY :
CERTIFICATES :
• FREE RADIACTION CERTIFICATE
• PHYTOSANITARY CERTIFICATE
• SGS INSPECTION
ORIGIN :
BRAZIL
ICUMSA :
45 RBU
COLOR : SPARKLING WHITE
99.80% MINIMUM AT 20 DEG. CENTIGRADE
POLARIZATION :
100% DRY/FREE FINE FLOWING
SOLUBILITY :
MOISTURE :
0.04% MAXIMUM ON DRY WEIGHT BASIS
ASH CONTENT :
0.04% MAXIMUM BY ELECTRICAL CONDUCT
GRANULATION :
FINE STANDARD- 0.55-0.70 AM/MM
SUBSTANCE :
SOLID CRYSTAL
4 MAX MG/KG
MAGNETIC PARTICLE :
RADIATION :
NORMAL W/O PRESENCEOF CESIUM OR IODINE
REDUCING SUGAR :
SEDIMENTS :
0.05% MAXIMUM BY WEIGHT
NONE
SMELL : FREE OF ANY SMELL
HPN STAPH AUREUS :
SO2 :
20 MG/KG MAXIMUM
MAX AS :
1 P.P.M
MAX PB :
2 P.P.M
MAX CU :
3 P.P.M
CROP :
NIL
2014/2015
Special Conditions: This Letter of Intent is subject to final approval and
agreement by seller and buyer and all the terms and conditions herein as well as
the subsequent contract of sale including any amendments or variations thereof, all
of which has to be reduced in writing and signed by both parties hereto.
P AY M E N T T E R M S
100% Transferable Irrevocable Revolving Standby Letter of Credit (SBLC)
at Sight against SGS (or similar) at Port of Loading for each shipment,
unconditional Bank Guarantee or Blocked Funds (BF) SBLC must be confirmed by
top 50 bank of the world.
PB 2% of revolving
BUYERS BANKING CO-ORDINATES
Full Name of the Bank: __________________________________________.
Full Address of the Bank (Address, City, Zip, Country)
_____________________.
Phone No: ___(_____)_____ ___________. Fax No: ____(_____)____ _.
Bank Telex No: (Optional) _____(_____)___ ____________.
Bank S.W.I.F.T. / Sort Code No: ____ ________________________.
Bank's Officer: (Name / Title)
Direct Phone No: ___(__)____ __________. Fax No:______(_____)__ ______.
Bank Account Holder or Name: ______ ________________________________.
Bank Account Number/IBAN: ______ _____________________________.
Bank Website: ___________ _________________________________.
We understand that any and all offers and / or contracts are subject to
successful seller verification of funds availability. We hereby give our written
permission for the seller to seek usual bank reference and to conduct a soft
probe of our account.
Full Company Name: ________ __________________________.
Full Company Address (Address, City, Zip): ________ _________________
State / Country: _____ ___________________.
Phone No: _____(_____)______ ________.
Cell / Mobile Number: ____(___)____ _________.
E-mail address: __________ _______________________.
Company Registration Number: ___ _____________.
Web URL (Optional): _________ ______________________.
Name of Signatory: _______ ________________________.
PASSPORT. N: ________________
Title of Signatory (Registered CEO or Official Mandate of the Company):
_____________.
Dated (Day, Month, Year): ______ _________________________.
Signature: _________________
Company Rubber Stamp / Seal:
___________________