Letter of Intent (LOI)

{Date: month, day, year}

To whom it may concern:

I, {Officer Name here}, under signed, as {Officer’s position here} 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;

Commodity:
Specifications: Click here to enter text.
Packaging: Click here to enter text.
Total quantity: Click here to enter text.
Quantity per month: Click here to enter text.

Target Price: Click here to enter text.
Destination Port: Click here to enter text.
Terms of delivery: Click here to enter text.
Payment: Click here to enter text.

Our Purchasing Representative for Above Commodity:

Officer Name: Click here to enter text.

Company Name: Click here to enter text.

Country of Origin: Click here to enter text.

Company Registration Number in the Country of Origin: Click here to enter text.

Company Address: Click here to enter text.

Company Telephone: Click here to enter text.

Telephone Fax: Click here to enter text.

Procedures:
1. Buyer submits LOI allowing soft probe or LOI & BCL.
2. Seller issues FCO.
3. Buyer returns signed and stamped FCO.
4. Seller issues Contract with full banking.
5. Buyer and Seller sign and exchange contracts.
6. Buyer's Bank opens Letter of Credit.
7. Shipment commences as per contract.

We understand that any and all offer and/or contracts are subject to successful Seller verification of funds availability. We hereby give our written permission for the Seller to conduct a soft probe of our account and that our Bank has been informed to this effect.

Signature

Person Name

Title

Company name