Terms
1. Intent
This LOI confirms the mutual intent of Buyer and Supplier to proceed with the above commodity transaction under the stated terms. Both parties agree to negotiate in good faith toward a final sales contract.
2. Payment
Buyer agrees to pay USD $284,000 directly to Supplier via SWIFT / TT within the agreed payment terms. Payment and settlement occur directly between Buyer and Supplier outside the SLOI AI platform. SLOI AI acts as facilitator only and does not hold or process funds.
3. Delivery
Supplier delivers on FOB terms no later than 15 June 2026. Delays beyond 7 business days without written notice entitle Buyer to renegotiate terms or cancel this LOI.
4. Governing law
This LOI is governed by internationally recognised commercial law. Disputes subject to ICC arbitration. Good-faith mediation required before legal proceedings.
5. Role of SLOI AI
SLOI AI Ltd. acts solely as a digital facilitator and negotiation platform. It is not a party to the commercial transaction, does not hold funds, and bears no liability for the performance of either Buyer or Supplier under this LOI.