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Mastering international Trade

23W_MKT1214_300

Group Project

Deborah Amisa

Kevin Essis

Abubakari Zacharia

Hashim

Chimezie Ugochukwu

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Letter of Intent (LOI)

Date: 13/03/2023

Ref. No:

To: To whom it may concern

Through:

I, Ugochukwu Chimezie, undersigned, as Managing Director of 5 STAR TEA, confirm with full legal and corporate responsibility and under penalty of perjury that we are ready, willing, and able to enter into a contract for the purchase of the following commodity as specified below. That funding is available, including any import/export permits needed to fulfill the purchase of the item as specified below. Also, at this moment, we introduce our exclusive purchase representative as set below for this purchase, by which any negotiations by the suppliers must be handled and finalized;

Commodity: Cocoa Origin: Kenya Specifications: Forastero cocoa Packaging: Delivery in a hygienically packed hessian sack, each weighing 64kG and opening stitched with thread. Total Quantity: 24 forty feet containers Quantity per month: 2 forty feet container

Target Price: Destination Port: Pakistan Terms of delivery: FCA Payment:

Our Company Information:

1. Company Name: 5 Star Tea

2. Company Origin: Pakistan

3. Company Registration Number in the country of origin: P04113321

4. Company Address: LT 262 sector 8 Surjani Industrial Area, Karachi Pakistan

Our Supplier/Exporter Representative for Above Product/Commodity:

1. Company Name: Halisi Naturals Brands

2. Country of Origin:) Kenya 3. Company Registration Number in the Country of Origin: Ou41112

5. Company Address: 117b Games villages Nairobi, Kenya.

Company Telephone: +23462430447

Telephone Fax: 04622934 Procedures: 1. Buyer submits LOI allowing soft probe or LOI & BCL. 2. Seller issues Full Corporate Offer (FCO). 3. Buyer returns signed and stamped FCO. 4. Seller issues Contract with full banking. 5. Buyer and Seller sign and exchange contracts. 6. Seller provides Proof of Product. 7. Buyer's Bank opens a Letter of Credit. 8. Shipment commences as per contract. We understand that any offer and contracts are subject to successful Seller verification of funds availability. Accordingly, we now give our written permission for the Seller to conduct a soft probe of our account, and our Bank has been informed of this effect.

Signature

Ugochukwu Chimezie

Managing Director

5 Star Tea