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Letter of Intent: in Attention Of: WHOM IT MAY CONCERN Loi Coal Purchase

This letter of intent outlines a proposed agreement for the purchase of coal between The Russian-Romania Chamber of Economical and Cultural Cooperation and an unnamed client. Key details include a trial shipment of 100,000 metric tons, with an option for the client to purchase up to 1,200,000 metric tons total over 12 months. Coal would be delivered CIF to Mongala port in Bangladesh in bulk packaging. Payment would be made via standby letter of credit. The letter describes an 8-step process for executing the agreement.

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29 views2 pages

Letter of Intent: in Attention Of: WHOM IT MAY CONCERN Loi Coal Purchase

This letter of intent outlines a proposed agreement for the purchase of coal between The Russian-Romania Chamber of Economical and Cultural Cooperation and an unnamed client. Key details include a trial shipment of 100,000 metric tons, with an option for the client to purchase up to 1,200,000 metric tons total over 12 months. Coal would be delivered CIF to Mongala port in Bangladesh in bulk packaging. Payment would be made via standby letter of credit. The letter describes an 8-step process for executing the agreement.

Uploaded by

Bagus Adi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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In attention of : WHOM IT MAY CONCERN

LOI COAL PURCHASE 05.01.2022

LETTER OF INTENT

LETTER OF INTENT ONLY


This document is an expression of the intent of the Parties only, and nothing herein shall
create any legally binding obligations upon either of them. No obligations on either Party shall
arise unless and until mutually satisfactory Project Agreements concerning the deal have
been entered into between the Parties.
The failure of the Parties to reach an agreement on the matters under negotiation shall neither
expose either Party to any liability to the other Party nor give to any Party the right to claim
damages whatsoever.

REQUESTED PRODUCTS
We, The RUSSIAN-ROMANIA CHAMBER OF ECONOMICAL AND CULTURAL COOPERATION ,
hereby state that we are in a posesion of a LOI TO PURCHASE received by our organisation ,
from a client are ready, willing and able to enter into a contract for a term of one year to purchase
of Coal at below mentioned analysis, mentioned quantity and the outlined terms:

Commodity: Coal

Trial Shipment: Total Quantity: Quantity per Month: Contract Term:


100,000MTon (as per Buyer's preference)
1,200 ,000 Mton (with Buyer's option of +/-10%) 100,000Mt/12 months
Destination Port: Mongala port Bangladesh
Packing: Bulk
Terms of Delivery: CIF Mongala port Bangladesh (in accordance with lncoterms 2010)
(Partial shipment might be possible as per the mutual agreement of Parties)

18th Wilhelm Filderman street , 5th floor , 3rd district ,Bucharest România
+4 0742 510 043 • office@ccecrr.ro • www.ccecrr.ro page 1
Payment: Stand by Letter of Credit
First Shipment: February 2022

Procedures:

1. Buyer submits LOI.


2. Seller issues FCO (to valid for 15 days)
3. Buyer returns signed and stamped FCO.
4. Seller issues Contract with full banking.
5. Buyer and Seller sign and exchange contracts.
6. Seller provides Proof of Product.
7. Buyer's Bank opens Standby Letter of Credit.
8. Shipment commences as per contract.

Will be looking forward to receiving Full Corporate Offer of your company and will be at your service
if is any further point that needs to be clarified.

We thank you in advance for your co-operation and prompt reply and look forward to working with
you.

Sincerely ,

Tudor AFANASOV
President CCECRR

18th Wilhelm Filderman street , 5th floor , 3rd district ,Bucharest , România,

+4 0742 510 043 • office@ccecrr.ro • www.ccecrr.ro

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