This letter of intent outlines terms for the purchase of gold from a seller by a buyer company. Key details include a purchase of gold at a target price, with monthly quantities to be delivered over a set contract duration to the buyer's chosen destination airport free trade zone. Payment would be made via MT 103 or MT760 wire transfer after assay report from the buyer's chosen refinery. The letter represents the buyer company's willingness and ability to purchase the gold according to the specified terms and conditions, and authorizes a soft probe of the buyer's funds. However, it does not legally bind either party to the transaction.
This letter of intent outlines terms for the purchase of gold from a seller by a buyer company. Key details include a purchase of gold at a target price, with monthly quantities to be delivered over a set contract duration to the buyer's chosen destination airport free trade zone. Payment would be made via MT 103 or MT760 wire transfer after assay report from the buyer's chosen refinery. The letter represents the buyer company's willingness and ability to purchase the gold according to the specified terms and conditions, and authorizes a soft probe of the buyer's funds. However, it does not legally bind either party to the transaction.
This letter of intent outlines terms for the purchase of gold from a seller by a buyer company. Key details include a purchase of gold at a target price, with monthly quantities to be delivered over a set contract duration to the buyer's chosen destination airport free trade zone. Payment would be made via MT 103 or MT760 wire transfer after assay report from the buyer's chosen refinery. The letter represents the buyer company's willingness and ability to purchase the gold according to the specified terms and conditions, and authorizes a soft probe of the buyer's funds. However, it does not legally bind either party to the transaction.
D ......................, .......................... with passport number ............................. as a
representative of the company ... (name, registration number, address, etc. .). I declare and represent that it is our intention to BUY, and hereby confirm that we are ready, willing and able to BUY the following product in accordance with the specification and in the quantity and for the price specified in the terms and conditions set out below... This representation is done with full authority and corporate responsibility.
Commodity: Aurum (AU), Gold
To: …................ Company: .................... City: .................... Address: .................... Destination: .................... Port Of Inspection: .................... Purity: .................... Country of Origin: .................... Actual location: .................... Quantity: .................... Destination port: Airport Free zone (Buyer choice) Refinery : Buyer choice Contract Length: .................... Monthly Quantity: .................... Total / Contract Quantity: .................... Duration Of Contract: .................... Price Target: .................... Packaging: .................... Payment Term: .................... Delivery Terms : CIF, Buyer Airport Free trade zone Delivery Schedule : .................... Method of Payment: MT 103 or MT760, After assay report Buyer refinery BUYER’S BANKING DETAILS
Name Of Company: ....................
Business Registration No.: .................... Address: .................... Tel.: .................... Email: .................... Bank Name: .................... Bank Address: .................... Account Name: .................... IBAN Number: .................... Swift Code: .................... Bank Officer’s Name: .................... Email: .................... Telephone Number: .................... Fax Number: ....................
This letter is to serve as written authorization from________________ (Company, Name, Title), to
conduct a “Soft Probe” in order to confirm funding will be available to open a letter of credit for the purchase of ________________ (Product Name). We understand that any and all offer and/or contracts are subject to successful Seller verification of funds availability. We hereby give our written permission for the Seller to conduct a soft probe of our account and that our Bank has been informed to this effect.
This LOI is valid …..business days from date of issue.
Best regards
Buyer (Seal and signature)
_________________
Date, place _________
THIS LETTER OF INTENT DOES NOT CONSTITUTE OR CREATE, AND SHALL
NOT BE DEEMED TO CONSTITUTE OR CREATE, ANY LEGALLY BINDING OR ENFORCEABLE OBLIGATION ON THE PART OF EITHER PARTY TO THIS LETTER OF INTENT. NO SUCH OBLIGATION SHALL BE CREATED, EXCEPT BY THE EXECUTION AND DELIVERY OF THE PURCHASE AGREEMENT AND EMPLOYMENT AGREEMENTS CONTAINING SUCH TERMS AND CONDITIONS OF THE PROPOSED TRANSACTIONS AS SHALL BE AGREED UPON BY THE PARTIES, AND THEN ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF SUCH PURCHASE AGREEMENT AND EMPLOYMENT AGREEMENTS.