.jpg)
LOI
BUYER COMPANY NAME:………………………………………………
LETTER OF INTENT
(To Purchase Coal from GCV /GAR/NCV
Value ……. To……. GCV/GAR/NCV)
We, ……………………………………………… hereby confirm, state and represent, under
International Criminal Penalty of Perjury and Civil/Criminal intent to Defraud,
that we, acting on behalf of ourselves, have the financial capability to
purchase Steam Coal, and that it is our intention to purchase, and we hereby confirm
that we are ready, willing and able to purchase the above as per the
specification and in the quantity, and for the price, as specified in the terms
and conditions contained in this LOI.
Commodity: Steam
Coal of ………………………………………………………… Mt each.
Period of contract: […………………………………………]
Country of Origin: [Indonesia or South
Africa or Vietnam
or Soviet Union /
Seller’s Option]
Packaging & Dimensions
In container
or vessel
Specifications & Composition:
Maximum Impurities Allowed (PPM):
Delivery Schedule
Delivery within X days after Signing Contract: [ 15 days]
Partial Shipments allowed?: [Yes/No]
Shipments allowed from different Suppliers?: [Yes/No]
Port of Destination: [……………………………………………………………………./Buyer’s option]
Shipping Terms: CFR / CIF PORT /Buyer’s option
Inspection Requirements: [PT Sucofindo Indonesia OR EQUIVALENT
INTERNATIONAL INSPECTION AGENCY will be performed at load port and destination
port for weight and chemical composition.]
Pricing & Payment terms
Target Price (USD$): [ USD…………./MT CNF………… PORT ]
Max Price (USD$): [ USD………… /MT CNF………… PORT ]
Is Price Negotiable?: [Yes/No]
Payment Terms: [Irrevocable, Transferable Sight letter of credit OR
T.T. after inspection at destination port.]
Number of days required to open LC: 10 days after signing contract.
Documents Required for Payment: [1. COMMERCIAL INVOICE 2. SUCOFINDO OR
EQUIVALENT INTERNATIONAL INSPECTION AGENCY REPORT CONFIRMING QUALITY OF PRODUCT
AT THE LOAD PORT , 3. SUCOFINDO OR
EQUIVALENT INTERNATIONAL INSPECTION AGENCY REPORT CONFIRMING WEIGHT OF PRODUCT
AT THE LOAD PORT , 4. CLEAN OCEAN BILL OF LADING IN ORIGINAL IN THE BUYERS NAME. 5. 1
carbon copy of SUFCFINDO official inspection report on this shipment signed and
stamped by the Buyer faxed to the Seller for negotiation.
Additional Information: [Optional - additional information /
requirements]
Company & Banking Details
Company Name: [……………………………………………………………………………………]
Bank Name: [………………………………………………………………………………………. ]
Bank Address: [……………………………………………………………………………………. ]
Bank Country: [………………]
Account Name: : […………………………………………………………………………………]
Account No: […………………………………………………………………………….
(USD) ]
Branch Code: :
SWIFT/ABA/ Routing Number: […………………………….. ]
We, […………………………………………………………...] In the event of signing an ICPO
(Irrevocable Corporate Purchase Offer) SHALL authorize our bank, […………………………………………………………]
to furnish any information concerning the status of our account in terms of
being able to meet our commitments to the signed ICPO and SHALL also authorize
the Bank of the prospective Sellers/Suppliers to perform a Soft Probe into the
above account and to inform the Sellers/Suppliers of our ability to meet the
financial requirements in respect of the contract TO BE ENTERED INTO within the
period to be agreed
The Endorsement SHALL BE, for and behalf of [NAME OF THE
BUYER……………………………………………………………………………………………………….]
Thanking you
Yours faithfully
For
Mr
Designation
Sign with buyers stamp
