LETTER OF INTENT
I

We, FUNDICIONES PANAVEN S.A., hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions stated below. This representation is made with full corporate authority and responsibility of the above.


Product: Primary Aluminum 99.7%

ORIGIN:

Quantity: 30,000,000 MT x Month x 12 Month

TOTAL QUANTITY: 360.000.000 MT

Price: USD$ LME minus 10% discount MT CIF ASWP

Delivery TERMS: CIF

Payment: By Irrevocable, Transferable, Confirmed, Divisible, Automatically Fully Funding Revolving Documentary Letter of Credit (IFRDLC) 100% Payable at sight from one of the Top 25 Prime Banks by the Seller’s Bank for every shipment.

Performance Bond: 2% PB in favor of Buyer.

Inspection: SGS or equivalent at Seller’s loading port.

Validity: 5 International Banking days subject to confirmation by Seller’s FCO

We understand that any and all offer’s and/or contracts are subject to successful seller verification of funds availability. BANKIND INFORMATION TO BE ANNOUNCED



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للتواصل ابو محمد 0557898800

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