LETTER OF INTENT

(ON BUYERS LETTERHEAD)

WE, ____________________________ THE BUYER ACTING WITH FULL CORPORATE AUTHORITY AND RESPONSIBILITY UNDER PENALTY OF PERJURY, DO HEREBY STATE THAT WE ARE READY, WILLING AND FINANCIALLY ABLE TO ENTER INTO A CONTRACT TO PURCHASE THE FOLLOWING COMMODITY AS FOLLOWS:

COMMODITY: SOY BEAN MEAL or SOY BEAN OIL or SUNFLOWER SEEDS
SPECIFICATIONS: (Please type in complete specifications)

ORIGIN: ARGENTINA / BRAZIL,
QUANTITY: ________ MT SHIPPED IN _______ x MT MINIMUM PER SHIPMENT EVERY ___________.

PACKING:
TARGET PRICE: US$ ______________ x MT
INSURANCE: ON BUYERS ACCOUNT

PAYMENT BY IRREVOCABLE, CONFIRMED L/C ISSUED BY A TOP WORLD BANK. PAYABLE 100% AT SIGHT AT SELLERS COUNTERS.

DESTINATION PORT: _______________ DISCHARGE RATE: ______________
DELIVERY REQUESTED: _______________

INSPECTION: BY SGS OR EQUIVALENT.
BUYERS BANK: (TOP WORLD BANK ONLY) COMPLETE ADDRESS PHONE/FAX

CONFIRMING BANK: ______________________ (COMPLETE ADDRESS, PHONE/FAX)

WE HEREBY AGREE NOT TO CIRCUMVENT OR ATTEMPT TO CIRCUMVENT ANY BROKER OR INTERMEDIARY IN ANY TRANSACTION NOW PENDING OR IN THE FUTURE FOR A PERIOD OF 5 (FIVE) YEARS FROM THE DATE OF THE EXECUTION OF THIS AGREEMENT OR DATE FROM LAST TRANSACTION, WHICHEVER IS LATER AND WHICH BINDS ALL PARTIES, THEIR EMPLOYERS, AGENTS, TRANSFERS, ASSIGNEES OR DESIGNATES.

WE FURTHER GUARANTEE UNDER PENALTY OF PERJURY THAT WE WILL OPEN L/C AS STATED ABOVE IN FAVOR OF THE SELLER WITHIN 5 WORKING DAYS FROM RECEIPT OF FULL CORPORATE OFFER/PROFORMA INVOICE.

_______________________________ _________________________________
AUTHORIZED SIGNATURE PRINTED NAME

DATE: _______ CORPORATE SEAL/STAMP


Main Menu | Fee Protection Agreement | NCND