LOI

COMPANY'S OFFICIAL LETTERHEAD

LETTER OF INTEND WILLING, READY AND ABLE
Please Print Clearly

Date: __________

We, ____________________ (please print) acting as Buyer, confirm with full legal and corporate responsibility under penalty of perjury, that we are ready, willing and able to buy under the following terms and conditions :

PRODUCT :

ORIGIN :

SPECIFICATION:

PACKING :

INSPECTION :

QUANTITY : ________ MT

CONTRACT : For ___ months

DELIVERY : __________ (port), ____________(country).

: Delivery will be

DELIVERY SCHEDULE: By vessel of ___

MODE : ___ C&F / ___ CIF ___FOB (please check)

PRICE : US$ ____.__ / MT: (_________________________)

UNITED STATES DOLLARS PER METRIC TON

PAYMENT : Irrevocable, Transferable, Documentary Letter of Credit, Confirmed, Revolving as necessarily, issued by an approved G7 bank, payable 100% at sight against presentation of shipping documents,: for the entire contract value US$ ________

DOCUMENTS: Following documents are requested to be presented for payment of each shipment:

a) Clean on board bill of lading marked "freight prepaid" and blank endorsed
b) Certificate of weight and quantity issued by S.G.S. or comparable
c) Health certificate, when required
d) Certificate of origin issued by or endorsed by Chamber of Commerce of the country of origin
e) Signed commercial invoice
f) Master's receipt of all documents except commercial invoice
g) Weight/packing list

PROCEDURE

1. Seller issues statement to Buyer on price quote, product spec, availability & delivery window.
2. Buyer issues Letter of Intent and Bank Capability Letter to Genesis via fax, accepting price.
3. Seller issues Draft Contract for review and acceptance via email or fax.
4. Buyer signs and returns the "Draft Contract" via fax, accepting the terms and conditions.
5. Seller sends to the Buyer hard copies of the Contract for Buyer's signature via courier. Buyer will return signed hard copies of Contract via courier, observing, however that fax copies are legally binding.
6. Buyer issues a Letter of Credit to seller's bank, for Seller's approval.
7. Delivery shall commence as per the terms of the contract and the Letter of Credit.

(Please print the following)

COMPANY : _________________________________________
Address : _________________________________________
Telephone : _________________________________________
Fax : _________________________________________
E-mail : _________________________________________
Person : _________________________________________
Title : _________________________________________
Passport : _________________________________________
Signature : _________________________________________


Buyer's Signature and Seal.

BUYER'S NOTE (IF ANY) : _________________________________________

BANK'S OFFICIAL LETTER-HEAD


Date  : ____________________
To  :
Attn. :
Ref. :
Buyer's Code : ____________________________


Dear Sir,


We are informed that our client Mr.__________________________________________
President of ___________________________ ,would like to purchase  ________ MT of ______________________________________at US$ _________._____________ / MT (____________________________________ UNITED STATES DOLLARS PER METRIC TON) _______ C&F / ___CIF __________________ (Port), ____________ (Country), for a total of US$_______________________._________ (UNITED STATES DOLLARS) with deliveries of __________________ MT.

We understand that payment is to be by : IRREVOCABLE, DOCUMENTARY, TRANSFERABLE, LETTER OF CREDIT, CONFIRMED OR ISSUED BY G7 BANK, REVOLVING AS NECESSARY, PAYABLE 100% AGAINST PRESENTATION OF SHIPPING DOCUMENTS, FOR THE ENTIRE CONTRACT VALUE OF US$ ___________________.

This letter does not assume any financial liability or any contractual relationship with the parties, is just to inform you that the Buyer has the financial capacity to cover US $ ___________________ and to issue such payment instrument, should they contract for the purchase of the ________ MT.


The buyer transaction code #  _____________________ has been assigned to this purchase to be attached to the Seller's Contract.

Account name : ______________________________________
  Account number : ___________________________________
  Bank name : ______________________________________
  Bank address : _____________________________________
  Tel : ______________________________________
  Fax : ______________________________________
  Telex : _____________________________________
  Bank I.D. # : ________________________________
  Swift : _____________________________________
  Routing : ___________________________________


Very truly yours.

1st. Bank Officer's Name

Signature : ________________________

Printed : __________________________

2nd. Bank Officer's Name

Signature : ________________________

Printed : __________________________

  Bank's Seal :