MOU BUYER MANDATE
(Memorandum of understanding)
This Memorandum of Understanding is made for Nitrile Gloves by and between:
1/ Details Mandate Party 1:
2/ Details Seller Party 2:
Company Name: Ikue Consulting Co. Ltd.
Company Address: 888, Room A 113, 1st Floor,
The Coast Village, Sukhumvit Road,
Bang Na Tai Sub-district, Bang Na District,
Bangkok 10260 Thailand
Passport No.: C4KTRWXN3
Phone: +66 825 786 945
Party 1 Buyer:
I , wit the passport No. hereby confirm that I/We have carefully and conscientiously checked all information regarding my/our offer to purchase Nitrile Gloves and hereby accept with full responsibility that there are no fraud or incorrect information’s.
Party 2 Seller:
We, Ikue Consulting Co. Ltd. Reg. No.: 0205560002753 hereby state and represent that we confirm with full legal and corporate responsibility under penalty of perjury that we can provide and deliver the requested products on behalf of our supplier`s.
As all undersigned have agreed to proceed and will be entering into a Sales or Purchase Agreement and
after referred to as “SPA”, the parties have agreed and entered into this Memorandum of Understanding
in which all terms and condition related to Sell or Purchase of Nitrile Gloves are finalized and mutually agreed
as per details as follows:
4/ Fees & Penalty:
Processing fee for paying the costs for Escrow / LC or TT payment conditions.
Payment to be releaseafter the bank has confirmed in writing that they have been received the payment conditions.
If the SELLER or BUYER not continue within 3 days with the procedure to close the deal, a penalty of 10% of the total ICPO amount has to be payed to the SELLER or BUYER and 5% to Ikue Consulting.
Why this MOU and penalty is a part of our procedure? In the past, BUYER`S have sent ICPO and SELLER´S and they not go further with the
procedure. We have lost our credibility including our supplier, plus our Client and the commission.
Both parties sign MOU for the credibility of both parties.
SELLER will provide NCNDA and IMFPA to the intermediaries.
BUYER send his LOI.
The BUYER due diligence though both lawyer´s.
SELLER provide FCO to advice the BUYER to enter in the final SPA.
BUYER sign the FCO within 1 day for acceptance and returns it to the SELLER.
Within max 1 days the SELLER provides his SPA to the BUYER.
BUYER and SELLER sign the SPA.
After signed SPA, the BUYER shall open his payment instruments L/C or Escrow or MT103 blocked funds direct to the SELLER.
Upon of the confirmation of the BUYER`S payment instruments L/C or Escrow or MT103 blocked funds to the SELLER, the FACTORY will start the production and send the goods to his port of origin or in case of CIF to the BUYER`S nominated destination, regarding the delivery schedule.
After BUYER receive the goods at the SELLER`S port of origin or his nominated destination, the BUYER shall confirm the delivery of the goods and release the remaining funds to the SELLER and take over the responsibility of the goods.
6/ IN WITNESS WHERE OF:
The Undersigned have read this document carefully and thoroughly and have initialed all pages of this Memorandum of Understanding for transaction aforesaid, and fully understand of all terms and conditions contained herein, and agree that its execution constitutes an acceptance of all of its mutually protective covenants, terms and conditions herein.
Party 1) ____________________________________
Buyer Mandate (Digital Signature)
Party 2) _____________________________________
Seller (Digital Signature)