Scribd
Upload
90 views5 pages

Loi SVG Draft

This document is a Letter of Intent (LOI) from a buyer to SVG, confirming their financial capability to purchase a specified commodity under outlined terms. It details the product specifications, payment methods, and procedures for finalizing the sale, including the issuance of a payment guarantee. Additional documentation required includes a signed SCO, ICPO, and bank comfort letter.

Uploaded by

Stanleynwulu24
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
90 views5 pages

Loi SVG Draft

This document is a Letter of Intent (LOI) from a buyer to SVG, confirming their financial capability to purchase a specified commodity under outlined terms. It details the product specifications, payment methods, and procedures for finalizing the sale, including the issuance of a payment guarantee. Additional documentation required includes a signed SCO, ICPO, and bank comfort letter.

Uploaded by

Stanleynwulu24
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

BUYER’S COMPANY LETTERHEAD

Fill in and complete all the red spaces

DATE: 15 April, 2025


REF:

LETTER OF INTENT

To : SVG

We, …………………….,Located…………………………………………………….., C.N ………………, do


hereby confirms with full responsibility and authority, and under penalty of perjury
or fraud, that we has the financial capability and ready, willing and able to purchase
said commodity with good, clean, cleared funds and without criminal origin to buy
(Commodity Name) under the terms and conditions stated below:

PRODUCT:

Commodity : …………………………………...
Type : …………………………………..., Annex A
Origin : Non-Sanction Country.
Monthly Quantity : (…) …….. per month.
Contract Total Quantity : (….) ………… per year.
Contract Term : Annual Contract for (12) twelve months.
Packaging : …………………………………...
Delivery : CIF, Buyer’s nominated port (Any Safe World Port).
Payment Method : 100% by SWIFT MT103 T.T Wire Transfer against SGS or
Similar inspection report at discharge port.
Payment Guarantee : Standby Letter of Credit, by SWIFT MT760.
Issues by Bank : …………………………………...
Bank Address : …………………………………...

Best Regards.

Company Name
Manager Name
Signature and stamp

Page 1 of 5
BUYER’S COMPANY LETTERHEAD

PROCEDURES:

Buyer sends a signed LOI to the Seller, along with CIS or/and KYC.

Seller sends a signed SCO to the Buyer, basic on the LOI requirement.

The Buyer signs the Seller SCO a signature of acceptance and returns it to the Seller
along with ICPO and Bank Comfort Letter or Tier Sheet.

The Seller prepares and signs SPA and sends it to the Buyer to sign the SPA on his
turn.

The seller and the buyer will meet at the buyer's office to consolidate and sign the
final signatures agreement if they prefer or the electronic signature is Constitutes a
legally binding, fully enforceable contract.

Buyer’s bank will issue a bank payment guarantee SBLC MT760 to the seller’s bank.
The buyer's SBLC will be verified for authenticity by the seller's bank, which will then
notify the seller of its acceptance.

Seller deliver the Goods to the buyer’s destination, The Goods ownership remains to
the seller until a full payment by the buyer made to the seller’s bank account by
SWIFT MT103/202.

More information, details and full handling will be disclosed in the (SPA) Sales and
Purchase Agreement.

Page 2 of 5
BUYER’S COMPANY LETTERHEAD
Annex A.
Commodity’s Description

Page 3 of 5
BUYER’S COMPANY LETTERHEAD
Buyer’s Company License Copy

Page 4 of 5
BUYER’S COMPANY LETTERHEAD

Buyer’s Company Owner Passport Copy

Page 5 of 5

You might also like