Instructions:
1) Buyer / Broker sends complete contact information for NCNDA
2) The LOI must be typed on the Principal Buyer's letterhead.
3) The LOI must be newly dated and no older than 3 business days.
4) The LOI must be in the verbiage and format listed below.
5) The Buyer's Direct or Confirming Bank must be a Top 25 World Bank.
6) Buyer submits the LOI and BCL.

LETTER OF INTENT

(Insert Date / spell out month)

I/We, _______________ (insert company name) of _______________________________ (insert full business address / P.O. Boxes not accepted) hereby state and represent that it is our intention to purchase the following commodity as per the terms, conditions, specifications, quantity, and price stated below. I/we hereby confirm that under International Criminal Penalty of Perjury and Civil/Criminal Intent to Defraud, by signature below verify that I/we have the financial capability, including the necessary import permits, to complete the purchase. This representation is made with full corporate authority and responsibility of the above stated buyer.

Commodity:

Origin:

Specifications:

Total Contracted Quantity: (insert total quantity metric tons / barrels / gallons / liters -/+ 5%)

Contract Length:

Shipments: (insert quantity to be shipped per month) X (insert the number of shipment months)

Packing:

Inspection: Quantity, quality, weight, and photo(s) by SGS, CCIC, Intertek or equivalent at seller's cost and at port of loading.
Destination Port: (insert name of port and country)

Discharge Rate: (insert metric tons per day)

Price Quoted: (insert USD$ amount)

INCOTERM 2000: (insert FOB, CPT, CIP, CFR, or CIF)

Payment Instrument: Irrevocable, Confirmed, Divisible, _______________ (insert Non-Transferable or Transferable) _______________ (insert Payment Instrument: Documentary L/C or Bank Guarantee or Standby L/C ) to be payable shipment by shipment 100% at sight against documents required for payment contractually agreed to by and between Seller and Buyer.

Performance Bond:

Banking Coordinates of Buyer's Top 25 World Bank

L/C Issuing Bank
Bank Name:
Branch:
Bank's Full Address:
Telephone:
Fax:
Bank Officer's Name:
Title / Position:
SWIFT code:
ABA / Routing Number:
Account Name:
Account Number:

This Letter of Intent is valid for five (5) business days and is exclusively being submitted to only your group during the validity period. Please submit Formal Corporate Offer or Draft Contract. I/We understand that any and all offer’s and/or contracts are subject to Seller’s successful soft probe of Buyer’s financial capability and Good Standings of Buyer's account. I/We being of legal authority, grant the right and permission to Seller to conduct a soft probe of the following Buyer’s bank account and financial capability listed herein.

Authorized Executive's Name:

Title / Position:

_____________________________________________________________

Signature and Seal Date

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