Buyer's Letter of Intent Mobile App

The letter spells out broad terms, sets a commodity price, identifies the country of origin of the commodity, the packaging, the quantities, the target price, the destination port, and payment terms. The LOI also puts together a broad procedure for the purchase process - the buyers submits a LOI, the seller issues FCO, the buyer signs and returns the FCO, the seller issues a contract, the contracts are signed and exchanged, the buyer's bank opens a letter of credit, and shipment of the commodity commences. The specific commodity that is a subject of this letter is not specified, but could be precious metals, gold and silver, natural gas, industrial metals, oil, vegetable oils such as soybean oil, and a wide range of other products.

Industry: Finance & Insurance General Finance & Insurance

  • Apple
    iPhone, iPad
  • Android
  • Window

Why Customers Love GoCanvas

Reduces paperwork
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Affordable plans
How It Works
I’m not a tech guy and I was able to pick this thing up in probably an hour, and actually start to build apps. I’ve done them over lunch when I’ve gotten frustrated with a process that didn’t exist in our company. So for non tech people who’ve got a problem, the support here is awesome and I’d recommend it to anybody, not just in our industry.

Dave Kramer

PennLine Service

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