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LOI
Procedures
Letter of credit

LOI

The LOI / ICPO should contain the following information as a minimum and should follow the format of the attached LOI template where possible:

1. Specification of Produce required.

2. Volume of order.

3. Bulk or Bags.

4.Shipping Details Proposed Volumes.

6.Discharge Rate.

7. Destination Port

8. Target price.

9. Financial instrument

10.Full banking co-ordinates including account number, SWIFT Code, Contact name at bank, Confirming Bank Name and Address if bank issuing LC is not a prime bank.

11.Name of Authorised Contract Signatory.

12. Introducing Accredited Broker Code or Joint Partner Name and e-mail address if applicable.