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We, the undersigned, confirm our firm intention to purchase the commodity described below on the terms indicated, subject to the issue of a Soft Corporate Offer and thereafter a Full Corporate Offer and executed Sale and Purchase Agreement.
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We acknowledge that settlement is effected through the structure agreed between the parties before the Sale and Purchase Agreement is lodged — either an independent third-party escrow agent jointly appointed by the parties, or a confirmed documentary credit issued by our bank under UCP 600 — that on either route funds are not transmitted directly to the seller, and that release is conditional on execution of the change of Title of Ownership for each settlement.
This Letter of Intent is valid for days from the date of signature. It is issued in confidence and is subject to a Non-Circumvention and Non-Disclosure Agreement. We confirm we will not approach, solicit or transact with any party introduced to us through Alliance Global Partners Ltd otherwise than through Alliance Global Partners Ltd.
Additional remarks