[This documentmust be typed on Buyer’s own official letterhead showing full corporate name, registration number, office address, telephone and telefax numbers and email address.]
Date: ___/___/2016
(Not more than 5 banking days old)
TO: End-Seller
LETTER OF INTENT
With full legal and corporate responsibility and under penalty of perjury we Company name hereby declare to be willing and able to purchase the following good at the below conditions:
Appearance / 250mlbottle/can
Origin: / Austria
Monthly Quantity in Trucks/Containers / XX containers
Duration of Contract: / 12 months (plus RollsExtensions, if any)
Total / Contract Quantity: / xxx containers
Packing: / According to your communications
Price: / xx €/cans
Shelf-Life / 16-18months Red Bull
Delivery Time: / 15working days
Discharge rate per week: / -
Delivery terms: / CIF or DDP
Inspection to the Bonded Warehouse: / SGS
LanguagePreferred: / English
Payment method: / Stand By Letter of Credit
Shipping Documents: / As per international rules
BUYER’S INFORMATION:
Name:
Position:
Company name:
Registration Number CCIAA
Address:
City/Zip:
Country:
Business Telephone:
Business Fax:
Mobile Telephone:
E–mail:
Skype ID:
Website:
We understand that any offer and contract are subject to successful Seller verification of funds availability and due-diligence with our bank (if LC or SBLC). We hereby give our permission to the seller/sellers mandate to conduct a soft probe of our bank account as listed below, if it needs or in Gaston Schul, if the case.
BUYER’S BANK INFORMATION:( transaction through bank, only)
ISSUING BANK: / CONFIRMING BANK:
Bank Name:
Bank Address, City, Country:
Bank Swift Code:
Bank Telephone:
Bank Fax:
Account Name:
Account Number:
Bank Officers name:
Bank Officer E–mail address:
Bank Website address:
TRANSACTION PROCEDURES:
- Buyer issues LOI with bank’s detail + Company Profile
- Seller's Agent issues SCO on his letterhead
- If SCO is accepted by the Buyer, he sends RWA or BCL (Bank comfort Letter) from his Bank to the Seller and Seller’s Bank. Then Seller sends, Draft Contract open for amendments.
- Buyer countersign and seals send it via e-mail to Seller's Agent.
- Seller closes the definitive contract in PDF file and issues Pro-forma Invoice to buyer.
- Within three (3) banking days, Buyer’s bank sends to Seller’s Bank the SBLC.
- Seller’s Bank issues PB 2% monthly + POP in favor of buyer Shipment and delivery will commence as per contract.
- Payment will be made at the destination place with SBLC (TT OR SWIFT MT103) after SGS inspection.
- If the financial instrument is accepted by the Seller's bank and if requested by the buyer, Seller sends POP bank to bank
- After the POP acceptance by the buyer, Seller places the order to Red Bull and shipments begin
The Buyer bank must a Top 50 bank worldwide (For transaction by bank)
CONFIDENTIALITY, NON DISCLOSURE, NON CIRCUMVENTIONCLAUSE
- The undersigned, do hereby accept and agree to the provisions of the international chamber of commerce to non circumvention and non–disclosure with regards to all and anyone of the parties in this transaction.
- the above point, is not limited to the Buyer, but include his Agents, Partners, Mandates, Nominees, Assignees, employee and all intermediary parties related to this document and to the future contract. In particular are detailed below brokers/agents/buyer mandate/Seller mandate involved, if any.
- signing this agreement clause, we the Buyer, entrust you the market research and the getter mandate, for the above products, indicated on the LOI/ICPO ;
- this agreement shall be kept in the strictest confidence the undersigned parties for, at least, five (5) years from the date hereof.
- in the event of circumvention of this Agreement by either party, performed directly or indirectly, the part circumvented, will be subject to retaliation for the legal recognition of the damage caused by such behavior, in such circumstances, or in the event of breach of this clause, the guilty party will be required to pay a penalty equal to 2% (two) calculated on the total amount of the transaction in question;
- Neither party is entitled to transfer rights and/or obligations under this document and the future contract to a third party. In any case, if allowed, the transferring party will notify the other party in writing (including telex). After signing the purchasing contract all previous negotiations and correspondence between the parties in this connection will be considered null and void.
The Buyer Mandate or/and the intermediaries (if any) The end-Buyer
Signature and Stamp Signature and Stamp
______
- ______
- ______
- ______
Date: ______
(For transaction by bank if required by the seller)
Bank Comfort Letter (BCL)
Sample
(On Buyer's Bank Letter Head, including all details such as Address, Telephone, Fac-simile, E-Mail, etc.)
Date: (Day, Month, and Year)
To: The Seller
Dear Sir or Madam,
This is to confirm that our mutual clients (namely) maintain a banking account with us and is in good standing with our bank.
At their instructions we, (full name of the bank), with full authority and mandate hereby confirm that the above client is ready, willing and financially able to initiate the process of purchasing of (requested product quantity) of ______(example: HEINEKEN BEER xxx ml, Red Bull xxx ml) at the price of € (price per bottle/can)during the next (duration of contract) month(s)/year(s) and for the total value of EURO (total contract value) subject to the seller, completing the Sales and Purchase Contract. If time to close the deal, were longer, the Seller can ask other BCL before the contract signing
The Payments will be performed by the financial instrument according to the contract and agreements occurred between the Buyer and the Seller (normally Bank Guarantee, Standby letter of credit and so on), We, (buyer's bank), confirm our ability to issue in due course and after the signing of the Purchase Contract, required ______(type of financial instrument: BG, SBLC etc.) on behalf of our client to the benefit of the seller.
We certify that our client named above has sufficient funds or have credit facilities with our bank to complete the proposed transaction within the time period outlined in the above referenced contract.
Our client hereby gives authority to the seller to ask usual banker's references from our bank officer (full name of bank officer), whose direct phone number is ......
Yours sincerely
Name, last name, position
(stamp and signature)
Signed by a senior level bank officer: ......
Full name of the signatory: ......
Designation of the signatory: ......
Clients' Name as written in account: ......
Account No / IBAN: ......
Bank Telephone No: ......
Bank's Fax No: ......
Bank SWIFT / Sort Code: ......
Bank stamp / seal: ......