Commodity: used rail steel metal scrap
Quantity: 540, 000 MT
Specifications: r50-65
Packing: bulk
Delivery schedule: open vessel shipments, 
Pbg: 2% 
Price: CIF 225 USD
Contract duration: twelve month
Type of payment: letter of credit with three month bank guarantee, then tt after 10 days from receiving the shipping documents
Letter of intent
( on buyer's letterhead) 
Date: ___________________
I / we (name of buyer OR company) the undersigned, confirm that, under international criminal penalty of perjury and civil / criminal intend to defraud, by signature below verify that I / we have the financial capability, including the necessary import permits, to complete the purchase of (name of the product and quantity) . 
Commodity: used rail steel metal scrap
Quantity: 540, 000 MT
Specifications: r50-65
Packing: bulk
Delivery schedule: open vessel shipments, 
Pbg: 2% 
Price: CIF 225 USD
Contract duration: twelve month
Type of payment: letter of credit with three month bank guarantee, then tt after 10 days from receiving the shipping documents
Buyer's bank information
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: 
We understand that any and all offers and / or contracts are subject to successful seller
Verification of funds availability. We here give our permission to the seller to conduct a soft probe on our account. 
Buyer's full name company seal___________
Position: 
___________________________________
Signature: