Letter on Buyer company letterhead
Letter of Intention: Purchase of xxxx
Mr. xxxx (seller's contact)
c/w: xxxxxxxxxxxx (seller)
xxxxxxxxxxxxxx (seller's address)
c/w xxxxxxxxxxxxxxx (Seller's broker /mandate)
xx xx , 2022 Subject to Formal Contract
My company is interested on buy xxxxx from your company on the basic terms outlined below.
You can view information on my Company on the following website – www.xxx.com -, and I attach a KYC document.
The outline terms are:
Specifications [Please supply specifications]
Quantity xxxxx barrels per month with 12 continous months with rolls option
Term Trial cargo of 2,000,000 barrels followed by 12-month contract with rolls.
Delivery Terms CIF/xxxx China
Q + Q By international inspection company at the discharge port
Price To be agreed
Payment Terms To be agreed
Pricing Period The average of one day before, the day of, and one day after discharge
Bank To be advised
Governing Law English
Terms and Conditions To be agreed in the SPA
xx xx xx (Signatory)
xxxxxxxxxxxx (Buyer full name)