LETTER OF INTENT
Dear
Sirs,
I am, Victor
Zayarskiy, President of the International Brokerage Company “FLEUR
INTERNATIONAL, INC.” (Liberia-Monrovia) being at the same time the BUYER
MANDATE , doing business in the interests of our potential Buyer , who
is willing, ready and able, on a permanent basis, to purchase RAW CANE
SUGAR CIF Black Sea ports Novorossiysk or Tuapse, (Russia):
Product: Raw Cane Sugar
Origin: Brazil
Polarisation: 96.0 % - 99.40%
Moisture: 0.08%
max
Ash Content: 0.06 %
Solubility: 90% Dry Free Flowing
Granulation:
Regular
Colour: Brown
Radiation: Normal
Crop: Current
Packaging: In Bulk
Total
Shipment per year: 200 000 MT
Min. Monthly
Shipment: 25 000 MT / month
Payment: By
Irrevocable, Non-Transferable, Divisible , Confirmed and
Revolving Documentary Letters of Credit (DLC)
from one of the
Top 25 World Prime Banks, BCL
(Bank Reference)
Price: At Seller’s Option
Performance Bond: 2% Performance Bond from the
sum of value of one
month product shipment (as a
delivery guarantee)
Inspection: SGS or
equivalent company
Commissions
By agreement of the Parties
PROCEDURE
acceptable to
my Buyer of Raw Cane Sugar intending to purchase
200 000 MT per year CIF Black Sea ports Novorossiysk, Tuapse, (Russia):
1. Buyer issues LOI ;
2. Upon receipt by you of this LOI the brokers
from the Seller and Buyer side sign Commission
Agreement and Non-Circumvention and Non-Disclosure Agreement which in
their turn are
signed and sealed by my Buyer;
3. Seller issues FCO;
4.
Buyer send back signed/sealed FCO and issues ICPO in the name of the
Seller;
5. Seller issues Draft Contract and
sends It to the Buyer;
6. Buyer’s Bank issues
BCL in to Seller’s Bank;
7. Seller’s Bank issues
POP in to Buyer’s Bank;
8. The Seller’s bank and
the Buyer’s bank perform Bank-to-Bank “soft probe” for the product
and funds availability, respectively;
9. The product Seller and Buyer agree and sign
the hard copy of the contract and also adopt
Shipment Schedule;
10. The product Buyer’s bank
issues at the product Seller’s Bank a non-operative Irrevocable,
divisible DLC automatically revolving after each
cargo delivery in the sum of value of one-
month
product shipment;
11. The Seller’s Bank issues
at the product Buyer/s Bank an Irrevocable, operative 2%
Performance Bond from the sum of value of
one-month cargo shipment. Afterwards DLC
becomes
operative and accumulates 2% Performance Bond.
12. Product lifting commences as per Delivery Schedule agreed upon
between the
Buyer and the Seller.
BUYER’S BANKING
PARTICULARS will be send you after receiving FCO.
President
“Fleur International Inc.” /V. Zayarsky/
October 18th, 2006.
Estamos esperando Vos Respuesto
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