Sellers Published date: April 3, 2020

We direct from our source BALCO from seller to your interested buyer to issue below LOI

Company Letter head
< Company Address>
Our Ref: xxxxxxxxxxx
Date of Issue:
To:
SELLER MANDATE
RICHARD-LEWIS EZEKPO
DIRECTOR
RICHARD-LOUIS TRADING COMPANY LTD
From: {BUYER COMPANY}
DEAR SIR,
Letter of Intent and Acceptance of Procedure letter
We, < BUYER COMPANY NAME> acting with full corporate responsibility, hereby state and
represent our intention to purchase, and we hereby confirm that we are ready, willing and
able to purchase the following commodity as per specification and quantity subject to an
agreed mutual price as specified in the terms and conditions as stated below. We are legal
signatory with full corporate power to produce acceptable banking instrument to activate a
valid sales and purchase contract between ourselves and the SUPPLIER / EXPORTER
1) Commodity Type:
2) Specification:
3) Origin:
4) Total Quantity:
5) Contract Period:
6) Target Price:
7) Delivery Schedule:
8) Target Delivery Date:
9) Location Country:
10) Payment Terms:
11) Inspection:
12) Performance Bond:
13) Validity of LOI:
Bonny Light Crude Oil
NNPC Standard Export Grade
FEDERAL REPUBLIC OF NIGERIA

MINIMUM OF 12 MONTHS
GROSS $10 / $6 NET TO BUYER
CHINA TANK FARM
STATE WHAT DATE
PEOPLE REPUBLIC OF CHINA
SBLC, FINAL PAYMENT BY MT103
SGS OR EQUIVALENT
(As per procedure below if required)
NOMINATED SELLER PROCEDURE FOR CHINA ONSHORE TANK FARM FOR SBLC
1. BUYER ISSUES LOI WITH HIS BUSINESS REGISTRATION AND OR INCORPORATION
DOCUMENT AND PASSPORT DATA PAGE.
2. SELLER ISSUES SPA FOR BUYER TO SIGN AND RETURN WITH CIS OF ACCOUNT
HOLDER THAT WILL ISSUE SBLC. THE SEAL SIGNED CONTRACT IS EXCHANGED BY
ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS
CONSIDERED LEGALLY BINDING AND ENFORCEABLE.
3. BUYER SENDS DETAILED NOR/ETA/ATB FORMATS AND BUYER BANK PRE-ADVICE
TO SELLER'S BANK WITH BUYER READINESS TO ISSUE SBLC, THEN SELLER WILL
PROVIDE 2%PB UPON CONFIRMING BUYER SBLC.
4. SELLER'S BANK - PRE ADVICE BUYER'S BANK THEIR READINESS TO RECIEVE THE
SBLC.
5. BUYER'S BANK SENDS SBLC VIA SWIFT MT760 CASH BACKED SELLER'S
NOMINATED BANK RELEASES THE 2%CASH BACKED PB AFTER RECIEVING AND
CONFIRMING BUYER'S MT760 CASH Backed.
6. SELLER ISSUES COMPLETE CARGO REASSIGNED DOCUMENTS IN FAVOUR OF BUYER
INCLUDING DTA/CUSTOMS CLEARANCE / TANK ACCESS CODE FOR DIP TEST
EXERCISE IN THE ONSHORE TANK FARM IN QING DAO CHINA. SELLER INSTRUCTS
THE TANK FARM MANAGER VIA NNPC TO TAKE BUYERS INSPECTORS INTO THE
TANK FARM FOR DIP TEST EXERCISE.
7. BUYERS INSPECTOR GOES INTO THE TANK FARM FOR DIP TEST EXERCISE.
8. UPON Q&Q/CIQ BUYER MAKES FINAL PAYMENT VIA SWIFT MT103 PER OUT TURN
BARRELS TO THE SELLER AND ALL INTERMIDIARIES IN SEPERATE IMFPA.
9. CARGO COMMENCES DISCHARGE INTO BUYER'S TANK.
BUYER COMPANY:
ADDRESS:
TELEPHONE:
FAX:
EMAIL:
We understand that any offer to purchase is subject to successful/Buyer Verification of
the availability of funds. We hope to get a favourable and prompt attention to this
letter of intent and hope look forward to receiving your Confirmation on a FCO shortly.
Thank you for your anticipation.
Yours Sincerely,
…………………………..
{NAME OF AUTHORISED SIGNATURE}
On behalf of

• 
  
  
• Publisher: V R Krishnakumar
• Company Name: Central Processor Global Inc. Slofter
• Country: India

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