LETTER OF INTENT IRREVOCABLE CORPORATE PURCHASE ORDER (with Soft Probe)

We, insert CORPORATE NAME, Inc. full ADDRESS, Phone, Fax, e-mail hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and 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 responsibility of the above.

COMMODITY: INSERT
ORIGIN: COUNTRY OF ORIGIN
SPECIFICATIONS:
PACKING: STANDARD EXPORT PACKING
QUANTITY: 000 000 METRIC TONS (+/- 5%)
SHIPMENTS: 00 000 MT PER 1 MONTH
DISCHARGE RATE: METRIC TONNES WWWD
DESTINATION PORT: NAME OF PORT
CONTRACT LENGTH: ___ MONTHS
TARGET PRICE: USD$ 000 PER 1 MT FOB ______________________ (PRICE NEGOTIATED PRELIMINARY)
USD$ 000 PER 1 MT CIF ______________________ (PRICE NEGOTIATED PRELIMINARY)
INSPECTION: QUALITY, QUANTITY, WEIGHT, & PHOTO BY SGS OR EQUIVALENT AT SELLER'S COST AT PORT OF LOADING.

PAYMENT INSTRUMENT OFFERED: _____________________ (SHALL BE PRELIMINARY AGREED)
30% SBLC + 70% ARDLC

TOTAL QUANTITY : XXXX.000 MT (XXXXXXXXXX METRIC TONS) (+/-5%).
PRICE : USDXXX.00/MT (XXXXXXXXXXXX- UNITED STATES DOLLARS PER METRIC TON).

TERMS OF PAYMENT PAYMENT WILL BE DONE SPECIFICALLY PER DESTINATION UNDER THE FOLLOWING CONDITIONS:
CIF ASWP: XXX.000 METRIC TONS XX MONTHS TOTAL BEING XXX.000MT THE PAYMENT TERMS SHALL BE BY AUTOMATIC REVOLVING DOCUMENTARY LETTER OF CREDIT (ARDLC) FOR COVERAGE OF XXX.000 METRIC TONS OF CONTRACT (70%).
THE LETTER OF CREDIT MUST BE IRREVOCABLE, TRANSFERRABLE, DIVISIBLE AND UNENCUMBERED, ISSUED OR CONFIRMED BY TOP 25 BANKS OF THE USA, UK OR EUROPE, (OR ANY TRIPLE AAA RATED BANK) AND DELIVERED TO THE SELLER’S BANK SIMULTANEOUSLY. PAYMENT WILL BE CASHED AGAINST PRESENTATION OF THE SHIPPING DOCUMENTS AT THE SELLER´S BANK COUNTERS 100% AT SIGHT.

THE SBLC FOR COVERAGE OF XXX.000 METRIC TONS OF CONTRACT (30%) MUST BE IRREVOCABLE, ASSIGNABLE, UNENCUMBERED, CASH BACKED TRANSFERABLE, UNCONDITIONAL WITH MATURITY FOR ONE YEAR AND ONE DAY, ISSUED BANK TO BANK BY A TOP 25 WORLD BANK BY SWIFT MT 760.

PLEASE SUBMIT _________________________________________________________
WE UNDERSTAND THAT ANY AND ALL OFFER’S AND/OR CONTRACTS ARE SUBJECT TO SUCCESSFUL SELLER VERIFICATION OF FUNDS AVAILABILITY. WE HEREBY GIVE OUR PERMISSION FOR THE SELLER / SELLERS MANDATE TO CONDUCT A SOFT PROBE OF OUR ACCOUNT AS LISTED BELOW.

SIGN - BUYER ……. SIGNATORIES POSITION, COMPANY SEAL SEAL
POSITION
DATE





BANKING CO-ORDINATES
LC ISSUING / BUYERS BANK
BANK NAME: INSERT NAME

BRANCH: INSERT BRANCH
FULL ADDRESS: INSERT ADDRESS
TEL: PHONE NUMBER
FAX: FAX NUMBER
IF UK BANK – SORT CODE: SORT CODE IF ANY
CONTACT: BANK OFFICIAL TO CONTACT
POSITION: POSITION OF THE OFFICIAL
SWIFT NUMBER: NUMBER
ACCOUNT NUMBER: NUMBER
ACCOUNT NAME: NAME (DOLLAR, EURO, …)
BANK OFFICER: BANK OFFICIAL
SEAL BANK: SEAL