Model of letter of intention (L.O.I.) for irrevocable purchase order, Completed on buyer's letterhead
We the undersigned (NAME OF BUYER OR COMPANY) hereby state and represent that it is our corporate intention to purchase the commodity / product ................... in the quantity and for the price as specified in the terms and conditions as stated below. This representation is made with full corporate authority and also responsibility of the above stated buyer.
Commodity / Product:
Delivery Size And Schedule:
Mode of payment:
FOB & C&F target price:
Destination Port Discharge Rate Per Day:
Buyer’s Information Company Name Corporate Address:
CityZip / Postal CodeCountry:Company phoneCompany Fax:E-MailLegal Representative:Name / Title:
Buyer’s Bank InformationBank NameAddress:
CityZip / Postal CodeCountry:Bank phoneBank Fax:E-MailBank TelexSwift Code:
Bank Officer’s Name/ Title/ Direct phone & Fax:
Confirming bank coordinates (if any):Banks nameaddress:Cityzip / postal codecountry:Int'l trade dept. Tel & Fax:
Bank officer’s name/ title/ direct phone & fax:
We understand that any and all offers 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.
Buyer's full name & company seal ________Position:______Signature and typed full name.