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Letter of intent Dear Sirs, We Mercantile Cargo Inc hereby confirm with full corporate responsibility issuing this formal LOI on behalf our Principal who is willing and to enter into a purchase contract for the following commodity as per the quantity, price, specification, terms and conditions stated below.Product: Peanut kernels 55/73 (various) Origin: Senegal, Ethiopia, India, Argentina, United states+ sellers choice. Contract quantity: Depending of the type/specification x 12 months with Rolls & Extensions or spot. Volumes in general are 5.000-10.000 MT per harvest (2-3 months) 500-2500 MT per shipment Destination Ports: Main ports Vietnam/ Thailand Packing: In bulk, 25/50 KG bags Quotation / Price: CIF US$ XX per MT CIF, Haipong Vietnam , and Huangpu port of ChinaPAYMENT AND GUARANTEE TERMS: (NO ADVANCE PAYMENT)-By a (RDLC) Revolving Irrevocable, Transferable, Documentary Letter of Credit payable 100% at sight value of monthly delivery, confirmed for payment valid and opened for the total contract quantity, acceptable to Sellers Bank. Valid for 60 (Sixty) days each for a single Contract.-PREFERED SPECIFICATIONS /QUALITY, TO BE CONFIRMED BY INDEPENDENT SURVEYOR UPON SHIPMENT. Oïl content 46% MIN Non mouldy and pestMoisture 7% MAX No pesticide and heavy metal residuesFree fatty acid 2% MAX Foreinmatters 0.5% MAXAflatoxine 18 PPB MAX Brocken 5% MAXINSPECTION:-Quality, Quantity, Weight & Analysis report by SGS at Sellers cost at Port of Loading.Please indicate whether you alreday exported to China, AND whether you have a sanitary agreement with China for peanuts from Africa. Mohammed Boutayeb (ceo)Mercantile Cargo *******@*****.com========================SECOND LOI:My need for cottonseed hull hard pellets less 8 mm diameterNo mold, no aflatoxinqty ; 300 m/t for Jan- June 2017 by 2 or 3 shipment.Lowest price; must CFR Busan or Gwangyang , Korea payment ; by at sight 100% L/C no advance allowed========================================Third LOI:Peanut cake (animal feed)