We will need a LOI (Letter of Intent) to get things started. Address it to “End Seller” since my partner is the Mandate. Good for you no long daisy chains!
You know the basic information Quantities wanted. Where shipment is going (Port) and if you are want the contract longer than 1 year. Since 1 year (x12) is minimum on contracts.
Remember the LOI is a non-binding document on YOUR companies Letterhead, dated with signature requesting just the information about your intentions. No financial nor personal information asked for.
If you want to include Banking/financial information then make it complete and also send your authorization for seller to do a soft probe for Proof of Funds or send your Bank Comfort Letter (BCL) on Bank Letterhead and authorization for seller to do a soft probe.
Annual Monthly HMS 1 & 2 Pricing
Volume Shipment
360,000 MT 30,000 MT $ USD per MT CIF
720,000 MT 60,000 MT $ USD per MT CIF
1,080,000 MT 90,000 MT $ USD per MT CIF
1,440,000 MT 120,000 MT $ USD per MT CIF
1,800,000 MT 150,000 MT $ USD per MT CIF
2,160,000 MT 150,000 MT $ USD per MT CIF
Minimum order is for a 1 year contract at 30,000 MT x 12 --- No Spot Orders
PRICES will be SUBJECT To Change/CIF/ASWP
USED RAILS R50 – R65
Volume 
Shipment 6 M -12 M Length 1.5 M Length
360,000 MT 30,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
720,000 MT 60,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
1,080,000 MT 90,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
1,440,000 MT 120,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
1,800,000 MT 150,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
2,160,000 MT 180,000 MT $ USD/MT CIF ASWP $ USD/MT CIF ASWP
Again, minimum order is for a 1 year contract at 30,000 MT x 12 --- No Spot Orders
After receiving the LOI and have an agreement the Mandate has the following
Preliminary Procedures: (The Procedures are not Negotiable)
1. Buyer sends (LOI or ICPO) with Bank Details + (BCL);
2. Seller's Issues Sends FCO-Full Corporate Offer;
3. Buyer return FCO signed and Seal (on each page);
4. Seller send Draft Contract;
5. Buyer returns Draft Contract signed and seal (on each page);
6. Seller sends Hard Contract;
7. Buyer Open Non Operative payment Instrument;
8. Seller send the 2 % Performance Bond which activates the payment instrument;
9. Shipment commences as per terms of the contract schedule;
