SUBSTITUTE FOR YOUR LETTER HEAD
                          ADDRESS: XXXXXXXXXXXXXXXXXXXXXXXXXX
                         TELEPHONE: +XXX XXXXXXXX, FAX: +XXX XXXXXXX
                          EMAIL: XXXXXXXX@XXXXXXXXX.XXX

To THE PRINCIPAL SELLER via Dr. Rajinder Kapoor

                                                                       LOI No …………………………

                                                                       ISSUED DATE XXXXXXXX, 2008

                                                                       VALID UNTIL XXXXXXXX, 2008
 

                                     LETTER OF INTENT (LOI)

THE PRINCIPAL SELLER

WE,  ............................................................................................................AS THE BUYER, REGISTERED IN.......................................................WITH FULL LEGAL, CORPORATE AUTHORITY AND RESPONSIBILITY, UNDER PENALTY OF PERJURY, CONFIRM THAT WE ARE READY, WILLING TO ENTER INTO A CONTRACTUAL AGREEMENT WITH THE SELLER   TO PURCHASE THE FOLLOWING COMMODITY WITH THE FOLLOWING PRODUCT IN TERMS AND CONDITIONS: AND ANY IMPORT/ EXPORT PERMITS NEEDED TO FULFILL THIS PURCHASE HAS BEEN OBTAINED.
 

PERFORMANCE BOND: 2% issued by Seller’s bank
SHIPMENT: Within 30 days after receipt of buyer’s financial instrument
INSPECTION REQUIRED:.
DELIVERY TERMS:  CIF (destination)
CARGO INSURANCE: AT THE SELLER’S  EXPENSES

SPECIFICATIONS: ISRI XXXXXXXXXXX,

Dirt, dust and impurities are not more than 0.5 % of total weight. The Goods will be totally free from any types of radiation, bombs, arms and ammunition, mines, shell, cartridges, sealed containers, gas cylinders, explosive shell or explosive materials in any form either used

BUYER’S INFORMATION:

LC ISSUING BANKING INFORMATION:

LC CONFIRMING BANK DETAILS. (If the issuing bank is a top bank...then  pl. keep the following columns vacant)

Buyer's Bank Officer in charge for this and subsequent transaction (s) is:

 * Required
Mr._____________________________________________________________________*
Title:____________________________________________________________________*
Tel No: _________________________________________________________________ *
Fax No:  ________________________________________________________________*
Email Address:___________________________________________________________*
For and behalf of______________________„Buyer's Bank“______________________*
Bank Officer Code ..........................)__________________________________________ *
                                                                                                                                                SOFT PROBE AUTHORIZATION:
The Buyer understands that any offer or contract is subject to the successful seller verification of the availability of funds for this contract. We (the Buyer) hereby give our written authorization and permission for the Seller or his agent to conduct a Soft Probe of the Buyer’s Bank Account provided, to verify the availability of the funds for this transaction.
.                                                                                                    
After signing the contract (Both sides) the buyer will send the BCL via MT 799/ RWA or MT 999 SWIFT in verbatim accordance with the seller’s format with in five banking days.        

All  previous LOI, if any, issued by this co. stands obsolete from this date. .

NOTICE: This Letter Of Intent is valid for  ?????  weeks.

Company name:
Signature of the responsible person/date

Printed name:
E-mail:
Phone number:
Cell no:

Procedures:

1. Buyer will submit LOI and BCL via MT799 or MT 999 SWIFT.
  (BCL must be in verbatim accordance with the seller's format.).
2. Seller will issue draft contract and FCO.
3. Buyer opens payment instrument.
4. Seller opens PB 2%.
5. Shipment commences.

Signature of the responsible person :

Designation:

Date:

Seal:

Printed name::

                                                     ------------