We the undersigned DC Holding Co, here represented by MR. _____________ hereby confirm with full legal and corporate responsibility and under penalty of perjury that we are ready to purchase the commodity in the quantity and foe the price as specified in the Terms and conditions stated below: This representation is made with full corporate authority and responsibility of the above named company.
Commodity: | GMO SOYBEANS |
Grade: | GRADE 2 |
Shipping Terms for Sale: | CIF (REQUIRE CIF TERM ONLY) |
Origin: | BRAZIL |
Trial Order: | MT |
Monthly Order: | MT |
Total / Contract Quantity: | MT |
Duration of Contract: | MONTHS |
Packing: | BULK |
Payment Terms: | DLC MT-700 NON-TRANSFERABLE, IRREVOCABLE, NON-DIVISIBLE, PAYMENT AT SIGHT AGAINST FULL SET OF SHIPPING DOCUMENTS. |
Destination port: | ASWP, CHINA |
CIF Fixed Price | USD$ .00/ MT |
Inspection: | By SGS/CCIC at the seller’s cost |
Insurance: | 110% |
Performance bond: | 2% of eash shipment value |
Shipping Documents: | All Shipping Documents and Invoices |
Buyer’s Requirements: | The Seller Issue Past Performance Records Documents And SGS Past Records To The Buyer. |
All the terms and conditions of the proposed transaction will be stated in a formal Sale and Purchase Agreement, to be negotiated, agreed and executed by the Parties. Neither party intends to otherwise be bound by any oral or written statements nor may correspondence concerning the Sale and Purchase Agreement arising during the course of negotiations, notwithstanding the same be expressed in terms signifying a partial, preliminary or interim agreement between the parties.
This letter alone is not a binding or enforceable offer; it serves merely as an expression of interest to engage in negotiation for a formal (SPA) agreement.
This letter is accompanied with 2 appendixes listed below.
Appendix A: NYC
Appendix B: Specification of SOYBEANS
sincerely,
President
DC Holding Co.