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    041.loi.08292021 I Agw - Loi I Rapeseed Oil (Pg.01)

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    yesicol
    AshimaGlobus Worldwide Limited sent a letter of intent to RUTO Research & Development Pvt Ltd regarding a potential purchase of rapeseed oil by one of AshimaGlobus' top European buyers. The letter outlines terms for a potential 12-month contract to purchase 1,200 metric tons of Ukrainian rapeseed oil per week, totaling 57,600 metric tons, at $900 per metric ton delivered CIF to Poland. The letter specifies quality standards and a sample delivery, and proposes payment via escrow and weekly deliveries if a sales and purchase agreement is signed. The letter does not create a binding agreement and additional terms may be added or changed.

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    © All Rights Reserved
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    041.loi.08292021 I Agw - Loi I Rapeseed Oil (Pg.01)

    Uploaded by

    yesicol
    52 views2 pages
    AshimaGlobus Worldwide Limited sent a letter of intent to RUTO Research & Development Pvt Ltd regarding a potential purchase of rapeseed oil by one of AshimaGlobus' top European buyers. The letter outlines terms for a potential 12-month contract to purchase 1,200 metric tons of Ukrainian rapeseed oil per week, totaling 57,600 metric tons, at $900 per metric ton delivered CIF to Poland. The letter specifies quality standards and a sample delivery, and proposes payment via escrow and weekly deliveries if a sales and purchase agreement is signed. The letter does not create a binding agreement and additional terms may be added or changed.

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    041.Loi.08292021 i Agw_ Loi i Rapeseed Oil (Pg.01)

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    AshimaGlobus Worldwide Limited sent a letter of intent to RUTO Research & Development Pvt Ltd regarding a potential purchase of rapeseed oil by one of AshimaGlobus' top European buyers. The letter outlines terms for a potential 12-month contract to purchase 1,200 metric tons of Ukrainian rapeseed oil per week, totaling 57,600 metric tons, at $900 per metric ton delivered CIF to Poland. The letter specifies quality standards and a sample delivery, and proposes payment via escrow and weekly deliveries if a sales and purchase agreement is signed. The letter does not create a binding agreement and additional terms may be added or changed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    52 views2 pages

    041.loi.08292021 I Agw - Loi I Rapeseed Oil (Pg.01)

    Uploaded by

    yesicol
    AshimaGlobus Worldwide Limited sent a letter of intent to RUTO Research & Development Pvt Ltd regarding a potential purchase of rapeseed oil by one of AshimaGlobus' top European buyers. The letter outlines terms for a potential 12-month contract to purchase 1,200 metric tons of Ukrainian rapeseed oil per week, totaling 57,600 metric tons, at $900 per metric ton delivered CIF to Poland. The letter specifies quality standards and a sample delivery, and proposes payment via escrow and weekly deliveries if a sales and purchase agreement is signed. The letter does not create a binding agreement and additional terms may be added or changed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Letter of Intent

    Date: September 29, 2021

    TO:
    Mr. KC Krishna,
    AGM Institutional Sales
    RUTO Research & Development Pvt Ltd.

    FROM:
    AshimaGlobus Worldwide Limited

    On behalf of confirmed order queries from our buyer in Europe which is among the top
    10 companies, we hereby declare and confirms that our buyer is ready, willing, and
    able to purchase the commodity described below, as per the specifications, in the
    quantity, and for the price as specified in the terms and conditions hereinafter set forth
    and contingent upon receiving the documents required for an immediate transaction
    and signing a mutually agreeable Sales and Purchase Agreement between our Buyer
    and the seller:

    1. Product: Rapeseed Oil


    2. Country Origin: Ukrain
    3. Quantity: 1,200 metric tons per week (4,800 Mt per month)
    57,600 Mt in 12 months contract
    According to quantity agreed in the SPA
    4. Quality Standard:Quality requirements for rapeseed oil with phosphorus up to 300
    ppm

    • Content of free fatty acids: max 1,75% [m/m] PN-EN ISO 660
    • Water content: max 0,2% [m/m] according to the Karl Fisher method
    • Content of insoluble impurities: max 0,2% [m/m] PN-EN ISO 663
    • Erucic acid content: max 2% [m/m] PN-EN 14103
    • Phosphorus content: max 300ppm PN-EN ISO 10540-3
    • Iodine value: 105-120g iodine PN – EN ISO 3961
    • Peroxide value: max 6Eq 02/kg PN ISO 3960
    • Unsaponifiable substances content: max 1% PN-EN ISO 18609
    • Epihydrin aldehyde: None
    • Color and smell specific and typical for rapeseed oil
    • Acid profile:
    • C-16 max to 6
    • C-18 max to 3

    AshimaGlobus Worldwide Limited


    130, Old Street, London, EC1V 9BD, United Kingdom
    E mail: [email protected] I URL: www.ashimaglobus.com
    Company Number: 13074328
    5. Sample: five (5) liters of rapeseed oil (for test)
    Test result attached to the SPA
    6. Delivery terms: CIF by rail Poland
    7. Price per MT: 900,00 USD per one Mt (metric tons)
    8. Payment terms: Escrow (weekly batches)
    9. Delivery time: Delivery in weekly batches
    The first delivery in 11 days from opening financial instrument
    10. SOP:
    • Seller sends the FCO
    • SPA signing
    • Seller sends Proforma Invoice to Buyer
    • Buyer is arranging Escrow
    • Delivery
    • Payment is released according to SPA

    This Document does not create a binding agreement between the Buyer and the
    Seller and will not be enforceable. Only the future contract for sale, duly executed by
    the Seller and the Buyer, will be enforceable. The terms and conditions of any future
    contract for sale will supersede any terms and conditions contained in this Document.
    The Seller and the Buyer are not prevented from entering negotiations with third
    parties with regard to the subject matter of this Document. The terms contained in
    this Document are not comprehensive and it is expected that additional terms may be
    added, and existing terms may be changed or deleted.

    We look forward to receiving a most favorable and competitive quotation for this
    order which is going to be a long term contract.

    Sincerely,

    Ashim Raizada
    Chairman & Managing Director
    AshimaGlobus Worldwide Limited
    [email protected]

    AshimaGlobus Worldwide Limited


    130, Old Street, London, EC1V 9BD, United Kingdom
    E mail: [email protected] I URL: www.ashimaglobus.com
    Company Number: 13074328

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