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MAKING SME100 BIO DIESEL
FUEL, NAACO IS WHOLESALE DISTRIBUTORS FOR COOKING OIL, SOYBEAN OIL, USED COOKING OIL WHOLESALER, SUNFLOWER OIL,
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SOYA OIL, WHOLESALE WASTE VEGETABLE OIL, USED COOKING OIL, WVO, SVO,
"COOKING OIL FUEL", BULK PALM OIL, CRUDE DEGUMMED SOYBEAN OIL,
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Compare prices;
www.oilwold.biz |
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NAZ COdistributors
LLC,
New Jersey,
U SA |
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COPY/ MODIFY
AND SEND FOLLOWING LETTER OF INTENT ON YOUR CO.
LETTERHEAD
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Date:
To: NAZCO
distributors, LLC
We,
_____________________________.,
hereby confirm with
full legal and corporate responsibility and under penalty of
perjury that we are ready, wiling and able to enter into a
contract for the purchase of the following commodity as
specified below and that funding is available including any
import/export permits needed to fulfill this purchase;
Scope of Transaction:
(Company Name) requests
that Buyers contract provide for the delivery of _____Metric
Tons (MT) per month of (product description)
beginning in (month) 2006 for a contract
period of (number) (#) months. The company
intends to negotiate this contract with all dispatch
upon receipt of quotation.
XYZCO, through its USA Agent, NAZCO, hereby states
and represents that it is our corporate intention to enter into a
contract with buyers for the products and services as specified below,
subject to our sole acceptance of the terms and conditions of buyers
final contract. This representation is made with our full
corporate authority and responsibility.
SCOPE OF
TRANSACTION: BDCS requests that Buyers contract to provide for the
delivery of 35,000 METRIC TONNE of CRUDE, DEGUMMED SOYOIL (CDSO) (+/-
5%) as detailed below. First target shipment is SEPTEMBER 2007.
The company intends to negotiate this contract with all dispatch upon
receipt of quotation and COMMERCIAL SAMPLE.
Commodity and INTENDED USE:
CDSO INDUSTRIAL
USE
Product Origin:
ANY
Product Destination:
Terms CIF
Barcelona Port / Spain
Specifications:
SEE SCHEDULE A
Quantity per
Month: +/- 12500 MT each one
Contract Period:
12 MONTHS Min. 36 MONTHS Max.
Total Contract
Quantity: 150, 000 MT +/- 5% per year
Delivery Method:
REQUEST CIF IF
SUPPLIER CAN OBLIGE
Destination
Port: +/- 2500 MT each
one.
C argo Size / Package preference: PREFER BULK SUCH
AS SHIP TO TANK - SUPPLIER TO ADVISE BULK OPTIONS AVAILABLE
Frequency of
shipment: 4 6 WEEKS or MOST ECONOMICAL BULK SHIPMENT SCHEDULE
Delivery schedule:
TO BE NEGOTIATED DEPENDENT ON BULK SHIPMENT OPTIONS
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CRUDE DEGUMMED SOYBEAN OIL |
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Characteristic |
UNITS
METHOD |
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FREE FATTY ACID |
A1V1 0,25%MAX |
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Moisture and Volatile matters |
0,20%MAX special
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Impurities |
0,10%MAX
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Lecithin(Expressed in
Phosphor) |
0,02%MAX
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Sediment(Gardner Break test) |
0,10%MAX
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Unspecifiable matter |
1,50 MAX
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Color |
50 yellow MAX/5red MAX
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Oil Flash Point |
250ΊF MIN
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Ca + Mg content |
5ppm MAX
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Linolenic Acid |
12%MAX |
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Polyunsaturated |
Or = 4 double bonds
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Methyl ethers
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1% MAX |
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Unsaponificable
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2% MAX
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SulfurContent |
10ppm MAX |
SCHEDULE
B PROCEDURES
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The Seller sends a FULL CORPORATE & FINAL to
Buyer via NAZCO
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Buyer΄s approves and sends signed and stamped
the Offer.
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The Seller sends to Buyers a DRAFT OF CONTRACT
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After Buyer΄s approval the seller will send a
final Contract
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Seller returns signed and stamped the Contract
to buyer.
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Buyer and Seller deposit a copy of the
executed Contract to their respective Banks.
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Within 48 hours Seller's Bank sends Proof of
Products (POP) via Swift Bank to Bank methods to the Buyers Bank,
by an independent company (outside Seller or Buyer)
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Within 3 (three) banking days, Buyer Bank
sends a Non-operative, FFSBLC or BG for the next shipment value to
the sellers Bank
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Within 3 (three) banking days, Sellers Bank
sends an operative Performance Bond of 5% (five percent) calculated
upon total L/C value, bond΄s refund after first banks request.-
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SGS Inspection of
product, documents presented, L/C opens, Funds transfer after 45 day
B/L
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First shipment
of 12500MT begins as per Contract & L/C conditions
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The L/C will
expiry 15 calendar days after the shipping date stated on the L/C.
SIGNED/ ____________
ABCO
FULL CONTACT INFO?
123 AVE A
XYZ CITY, COUNTRY
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Current BCL on bank Letterhead with signature and seal)
Bank Comfort Letter
(BANK
MUST BE ONE OF THE TOP 50 PRIME BANKS)
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Dated:
To
SELLER
ADDRESS
PHONE
FAX
Dear Sirs,
This is to confirm that our mutual clients, namely, _____
maintain a banking account with us.
At their instructions we,
___(full name of
the Bank) with full
authority and mandate hereby confirm that the said clients
are willing and financially able to initiate the process of
purchasing of __ metric tons of ___(Product Name) during the next
___
(/months/years). We
understand the total value of imports under the Sight
Irrevocable Documentary Letter of Credit (DLC) on a
delivered (CIF) basis is estimated to be ____ USD.
We certify that our clients named above have sufficient
funds and/or have credit line with our bank to complete the
proposed transaction within the time period shown above.
Our clients hereby give authority to the Sellers to procure
the usual banker's references and information.
Yours truly
Signed
Full name of the signatory
Designation of the signatory
Clients' Name as written in account
Account No
Bank Telephone No (if not printed above)
Bank's fax No
Bank Swift/Sort-Code
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Normal
Procedures:
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Buyer must request shipping date
60 days in advance
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Buyer submits Letter of Intent (LOI),
with financial status and Bank Comfort Letter (BCL)
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Seller issues signed Full
Corporate Order (FCO).
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Buyer counter signs and returns
signed FCO.
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Seller issues ICC Contract /
Proforma Invoice or equivalent with full company and
banking information
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A two percent (2%) Performance
Bond may be required
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Buyer and Seller sign and exchange
contracts.
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Seller send Statement of
Availability / Proof of Product, Buyer provides Proof of
Funds through Banks
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Buyers Bank opens Non Operative
Letter of Credit 10 banking days before first shipment
date, pending Sellers providing Performance bond
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Inspection and verification of
product at loading port by Buyer or Agent, documents
presented to Buyer
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DLC = Documentary Letter Of
Credit: Confirmed: Irrevocable, Transferable, Divisible
: payable 100% each shipment against documents = opens
for transference of funds
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Shipment commences as per
contract.
Buyers Information:
(please complete)
1. Name of the Company
2. Company Main and Complete Address :
3. Contact Information and Telephone
Numbers
Telephone Land line
:
Fax:
Mobile:
Email:
Website (URL):
4. Registered Office and Factory (if
different than 2. above) :
5. Owner / Head of the Company:
6. Contact Person (if different than 5.)
7. Person to sign contracts (if different
than 5.)
Buyers Bank
Information: (please complete)
1.
Issuing company:
2. Bank name:
3. Bank address:
4. Bank phone:
5. Bank telex:
6. Account number:
7. SWIFT number:
8. Account name:
9. Bank officer:
Documents:
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On Board
Bill of Lading
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Certificate
of weight, and quantity issued by SGS or equivalent
inspector prior to loading
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Analysis
certificate obtained from the testing of commodity
by lab SGS or equivalent.
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Certificate
of Origin.
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Commercial
Invoices.
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Packing
List.
Is your
country on No Trade list?
Has your
company imported before?
Is they any
other info. You would like us to know?
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ON YOUR COMPANY
LETTER HEAD
LOI - SAMPLE
Ref Number: 20-123456
Date: 12/03/2007
To: NAZCO distributors, LLC, Tel: +1 201 773
8643
Commodity: Rapeseed Oil, non-refined, in bulk
Dear Sir/Madam,
We, XYZ Company, hereby are ready willing and
able under the act of perjury to purchase the
following commodity as specified below and that
funding is available. We hereby confirm our
enquiry to purchase 100 000 MT as below LOI and
Specification:
Commodity Specs: crude rapeseed/ canola oil (CRSO),
quality test and 5 liter sample attached
Packing: In Bulk
Quantity: Approximately 100 000 Mt, shipment
during 2007
Quantity per
shipment: 12500-25000 MT starting from March/
April 2007
No. of shipments: 8 or as otherwise agreed
Frequency: Minimum 2(two) times every 3(three)
month
Origin: Worldwide
Time of first Delivery: March/ April 2007
Contract Length: 2007/2008
Delivery Terms: CIF NWE Port
Target Price:
USD/ Mt
Payment Terms: L/C irrevocable, confirm,
divisible, transferable auto revolving cover for
monthly value of 20 000 Mt
Performance Bond: 2%
KMKR
Inspection: Quality, quantity, weight & photo by
SGS or equivalent at sellers cost at port of
loading, detais per enclosed specifications
With Best Regards,
_______________
Signature: ABC/XYZ
ADDRESS:
CONTACT INFO
Name of Bank:
Address of bank:
Account Number:
Swift Address:
DISCLAIMER:
We understand that any or all offers and/ or
contracts are subject to successful Seller
verification of Buyers funds availability and
agree to give our permission for the Seller to
conduct a soft probe of our account and provide
a Bank Capability Letter if and when requested
by them or their appointed representatives.
***Current Letter of Intent is, in and of
itself, not a contract and generally cannot be
enforced as a legal document, rather it is a
document which constitutes an understanding
between the parties and states the serious
intent of the parties to carry out certain
business activities.
Inspection: Quality, quantity, weight & photo by
SGS or equivalent at sellers cost at port of
loading, detais per enclosed specifications
With Best Regards,
_______________
Signature: ABC/XYZ
ADDRESS:
CONTACT INFO
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FCO - SELLERS OFFER
TO SUPPLY
RE: CORPORATE OFFER TO SUPPLY: CRUDE SOYA BEAN OIL (CSO)
Were
licensed supply and export CSO and its Products.
With reference to your INTENT, WE hereby
confirm with corporate responsibility that we are ready,
willing and able to supply the following Commodity(s),
subject to the terms and conditions herein set
forth.
PRODUCT
CRUDE SOYA
BEAN OIL (CSO)
COUNTRY OF
ORIGIN:
BUYERS SPECS: REFERENCE
ARTICLE NO. 1
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MINIMUM QUANTITY:
MT/ Per Shipment
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PRICE BASIS CIF
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PRICE (Indicative)
USD / MT CIF
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PACKING In BULK?
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PORT OF LOADING
Tianjin
Port, China
PAYMENT
TERM CASH BEFORE DELIVERY - Secured by 100% Irrevocable,
Confirmed, Unrestricted, and Transferable Letter of Credit
(LC) At sight issued by First Class Bank in favor of Seller.
(---------------). TT Payment direct into Sellers account
acceptable. Buyer shall provide Draft LC text for Sellers
Bank approval before it is issued.
INSPECTION
QUALITY By Independent International Surveyors (SGS)
P
PRICE VALIDITY
Price shall remain valid for a period from this FCO Issuance
Date until the next TWO ( ? ) Days and/or Seller has
received Buyers irrevocable Confirmed Purchase Order (ICPO)
which ever comes first.
DELIVERY; 35/45 Days upon Buyers LC
accepted by Sellers Bank
CONTRACT/ PERIOD:
12 Months & To be finalized in Sale & Purchase Contract
Agreement.
For Long Term
Contract Price shall be negotiated between BUYER and SELLER.
Final Price to
be decided/ Firmed upon BUYER issued Letter of Intent to
SELLER.
AUTHORIZED
SIGNATORY FOR SELLER AUTHORIZED SIGNATORY FOR BUYER
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BUYERS
LETTER OF
ACCEPTANCE / CONFIRMATION
Ref:
Date:
CORPORATE
OFFER TO SUPPLY CRUDE SOYA BEAN OIL (CSO) FOR EXPORT CHINA
WE, the undersigned,
with full corporate
responsibility under penalties of perjury, hereby do accept
and agree with the terms and conditions as per the Corporate
Offer Ref:
CRUDE
SOYA BEAN OIL (CSO) FOR
EXPORT CHINA
dated
by and are ready, willing and able
to purchase the above-mentioned Products.
Thank
you.
Yours
Sincerely,
.
Signed
By Authorized Signature
Name of
Signatory
Designation
Passport No:
Company Chop
In
the presence of :
Name
:
.
Passport No. :
.
AUTHORIZED SIGNATORY FOR SELLER
AUTHORIZED SIGNATORY FOR
BUYER |
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NAZCO
IS A WHOLESALE DISTRIBUTOR FOR BULK WASTE
VEGETABLE OIL,
WVO, SVO, COOKING OIL, PALM OIL, SOYBEAN OIL,
USED COOKING
OIL, BULK SUNFLOWER OIL, BULK RAPSEED OIL, CANOLA OIL,
VEGETABLE OIL FUEL, COTTON SEED OIL, ETHANOL FUEL
FOR BIO-DIESEL FUEL AND
GASOHOL, and waste cooking oil distributors..
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