Letter of Intent (LoI)

Letter of Intent (LoI) is issued by the buyer to specify the intention to buy a specified product of a specified quantity on specific terms. Moreover, it should include a target price. Therefore, a valid LoI must as minimum include:

  • Issuing date
  • A buyer identified by name, full address, company registration number, and also contact information
  • Specification of the product requested
  • Quantity
  • Destination
  • Shipping terms
  • Target price
  • Acceptable payment terms
  • Also any other mandatory requirements