Letter of Intent (LOI) Show More...
Letter of Intent (LOI)Our company is a Direct buyer!We are a South Korean company, with full corporate responsibility declare readiness to conclude a contract for purchase, Steel Billet and Scrap Rails on the terms described below.1) Delivery: Every month.2) Production: Steel Billet and Scrap Rails.3) Packaging: Steel Billet - Standard, Scrap Rails - Bulk.4) Origin: By agreement.5) The contract for 1 (one) year, with annual rollover.6) Steel Billet, Monthly volume: one (1) million tons per month x 12 months.7) Scrap Rails, Monthly volume: one (1) million tons per month x 12 months.8.) Terms: CIF;9) Delivery Port: CIF ASWP port of China.10) Price: By agreement, per ton, CIF.11) Payment method: The seller opens PB2% and the Buyer opens a МТ 760 Т Т МТ103.Procedure: CIF (The procedure is non-negotiable).0) The seller confirms his consent to work strictly according to the procedure and terms of payment of the Buyer, and issues a letter of consent on his company letterhead, signed and stamped.(The Buyer's payment procedure and terms must be copied and pasted without any additions or changes to the consent letter.)1) The Seller - provides a Soft Commercial Offer (SCO) strictly in accordance with the procedure and payment terms Buyer's.2) THE BUYER AND THE SELLER SIGN WARNING LETTER AS PER THE ICC.3) The Buyer issues a LOI (based on a letter of consent and a Soft Commercial Offer (SCO).4) Seller sends FCO, + to, video, from the warehouse Steel Billet with the date of shooting, with the name of the buyer's company on an A4 sheet.And also, left or right in addition to this А4 sheet, attach a fresh newspaper next to it, so that the operator takes a video of the release date of the fresh newspaper.5) Seller sends FCO, + to, video, from the warehouse Scrap Rails with the date of shooting, with the name of the buyer's company on an A4 sheet.And also, left or right in addition to this А4 sheet, attach a fresh newspaper next to it, so that the operator takes a video of the release date of the fresh newspaper.And also + the process of cutting Rails, is not more than 1.5 meters.(Show the process of how you will cut or break whole rails, up to 1.5 meters).(And also show the equipment, how much rail cutting equipment you have available).6) the Buyer signs the FCO and issues an ICPO confirmed by the Bank that the buyer has the funds to complete the transaction - BCL.6) the Seller sends a full confirmation of the goods.7) Signing a draft contract.(The terms payment is non-negotiable).1. Seller and Buyer execute Sales & Purchase Agreement.2. Seller's bank issues non-operational PB2%.3. Buyer's bank issues non-operational МТ760. 4. Seller's bank, opens PB2% on the cost of a monthly batch and this will activate Buyer’s too simultaneously.(PB and will be simultaneously activated.)5. Seller charters vessels, loads the vessels and sets sail for Port of Discharge.6. Upon arrival in Port of Discharge, and discharge, (Port Clearance is at buyers expense) SGS is conducted by Buyer’s nominated Inspection company.7. After SGS Report, Buyer effects payment by MT103 T T within five (5) banking days of presentation of final Commercial Invoice and all salient cargo documents at sight.Please provide your commercial offer+7 952 570 72 46 +7 918 891 08 59
Signup today to claim your Discount. Get Started before it's too late!
