Important: Before you send your LOI/ICPO make sure you have the funds available before making the approach - Too many buyers will place themselves in a situation whereas they will negotiate a price and contract,then find out they cannot raise the funding to support their commitment.
This does little less then frustrates all parties from buyer through to seller to introducing intermediary. Funds should always be available for the total face value of the financial instrument you have agreed.
Buyer submits LOI / ICPO on own letterhead (or use our inquiry form) not older than 2 days signed and stamped with official seal.
The LOI / ICPO should contain the following information as a minimum.
1. Specification of Produce required.
2. Volume of order.
3. Packing’s.
4. Destination Port
5. Target price.
6. Financial instrument.
7. ICPO including your full banking coordinates.
Please bear in mind that, when you send the “ICPO” you have
the funds available.
8. Name of Authorised Contract Signatory.
9. Introducing Accredited Broker Code or Joint Partner Name and
e-mail address if applicable.