If you are familiar with the Physical Commodity Market, then you know that commodity prices fluctuate DAILY, and that prices depend upon many variable factors. We cannot give quote without knowing these many variable details of buyer's desired terms and conditions, as submitted in freshly dated, signed, official Letter of Intent on buyer's letterhead, no more than 2 days old, and containing all details for said commodity purchase as per our procedures. Not only do commodity prices fluctuate daily, but prices quoted are ENTIRELY dependent upon the many variable factors detailed by buyer.
After receipt of buyer's LOI in proper order with all the necessary details of terms and conditions desired by buyer, and after receiving a confirming financial reference as detailed in our procedures, we will quote you a soft price.
If prices are acceptable, we will issue signed & sealed Full Corporate Offer / Contract on our letterhead. Full Corporate offer will be valid for a limited time of 48 - 72 hours only. Buyer will be expected to sign and return the Full Corporate offer to us within the specified period in order to lock in the price - as commodity prices will again certainly fluctuate in either direction, and we cannot guarantee that our price will be the same after 48 - 72 hours.
Commodity producers and owners do not waste time with price-shopping brokers and phantom-buyers, which is why we, and the commodity producers and owners from whom we purchase our commodities require buyers to identify themselves (and their good-faith intentions) in a signed Letter of Intent as well as confirming financial references confirming financial readiness. If you are not capable of producing such documents and references, then please don't bother asking for quotes - we cannot give you without buyer's documents and references proving they are Ready, Willing & Able.
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