DATE:25.02.

2023
TO,

M/S . SRI SAI INTERNATIONAL EXIM

65, IAS NAGAR
TRICHIRAPALLI
TAMIL NADU

LETTER OF INTENT (LOI): COPPER WIRE MILLBERRY SCRAP

we , hereby state and represent that it is our intention to purchase and we hereby confirm that we
are reedy willing and able to purchase the following commodity as per the specifications,
descriptions, quantity and for the price as specified in the terms and conditions as stated below:
Copper Millburry Wires Scrap, cu>99.98%, clean, Bright and not
Name of the Product:
Burned
Origin: MIDDLE EAST/ ASIAN COUNTRIES/AFRICA
Trial Order: 100 MT (Two Hundred) MT.
Monthly Order: 1000 MT x 12 Months Contract with rollover and extension.
Contract Quantity: 24000, MT with rollover and extension.
Contract Period: 12 Months inclusive Trail Shipment, with rollover and extension.
$.6000.00 pmt
Target CIF Price:
100% Irrevocable Confirmed -Transferable Divisible Assignable
Payment Guarantee: SBLC MT 760 from world’s reputed banks, in favor of the Seller /
Seller Financier.

Mode of Payment: SBLC MT 760 TRANSFERABLE NEGOTIABLE DIVISIBLE

BANK NAME COUNTRY

INDIAN OVERSEAS
Singapore / Hong Kong
BANK
SBLC MT 760 Standard Chartered
Singapore / Hong Kong
issuing Bank/ Bank :
ICICI BANK INDIA

Loading Port: ANY COUNTRY PORT

 Destination Port: NHAVA SHEVA MUMBAI PORT, INDIA.
Packing List: Bags/Bales in Containers.
SGS at Loading Port, by Sellers expense, at destination with Buyers
Inspection:
expense.
Shipping Terms: CIF (INCOTERMS 2020).
After receipt of 100% Fund, Seller shall transfer the ownership
Title Transfer:
rights of the cargo to the Buyer.

PRODUCT SPECIFICATIONS:

Product Name: Copper Millberry Scrap Wire (Millberry) 99.99%.

ANALYSIS RESULT ITEM STANDARD (%) RESULTS (%)

Purity (Wt. %) ≥99.98 99.99%
CARBON 0.03% 0.03%
COBLET <0.001 0.0009
IRON 0.005% 0.005%
PHOSPHORUS <0.01% 0.009%
SULPHUR <0.01% 0.009%
ZINC 0.003% 0.003%

NOTE: After sign & Seal SPA Buyer will Notarize by Notary Public and send to the Seller by
courier for seller to do exactly the same and return back to the Buyer by courier. Seller after
notarizing must take clean copy of the SPA and send by email in order to start negations with the
bank for issuing the payment instruments.

We look forward to your prompt reply by sending draft SPA directly as soon as possible.

YOURS FAITHFULLY

Name:
Title: