Irrevocable DECLARATIONS

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IRREVOCABLE-DECLARATION
WE, ………….(BUYER NAME) AGREE THAT ONCE RECEIVED THE FCO (FULL CORPORATE
OFFER) AND THE CONTRACT OF SALE & PURCHASE, SENT AND SIGNED BY THE SELLER WITH COMPLETE RESPONSIBILITY AND AUTHORITY THROUGH SELLER’S REPRESENTATIVE, FOR THE
TRANSACTION OF xxxxx… METRIC TONS OF IRON ORE, ORIGIN -BRAZIL, REFERENT TO MY ISSUED
LETTER OF INTENT Nº …………. OF …………(DATE),
WE ALSO ACCEPT THE PRICE OF USD …………. (UNITED STATES DOLLARS) PER TON AND PAYMENT BG (BANK GUARANTEE) 100% AT SIGHT FOR THE TOTAL VALUE OF THE CONTRACT BY A TOP 25 RANKING BANK -WILL BE RETURNED FCO AND S&P CONTRACT, BOTH SIGNED AND SEALED, INCLUDING THE DRAFT OF THE LC (LETTER OF CREDIT ) IN A MAXIMUM PERIOD OF THREE BANKING DAYS.
REPLYING WITH DELAY, CANCELLING OR QUITTING THIS DEAL WILL FINE OUR COMPANY
AT 2% (TWO PERCENT) OF THE TOTAL VALUE OF THE SAID CONTRACT, TO BE PAID TO
SELLER’S REPRESENTATIVE.
SIGNATURE OF THIS DECLARATION MUST RECEIVED BY MEANS OF FACSIMILE, MAIL AND/OR E-MAIL AND SHALL BE DEEMED TO EXECUTE THE RECEPTION OF THE FINE JUDICIALLY.
THIS AGREEMENT IS ENFORCEABLE AND ADMISSIBLE FOR ALL PURPOSES AS MAY BE
NECESSARY UNDER THE TERMS OF THE DECLARED HEREBY.
ON THE RULES AND TERMS OF ICC (INTERNATIONAL CHAMBER OF COMMERCE), SIGNATURE
AND THE STAMP OF BUYERS COMPANY ARE CONFIRMING, AGAIN, THE PURCHASE TERMS.
ANY LAWSUIT WILL BE GOVERNED BY THE ARBITRATION TRIBUNAL OF SÃO PAULO
-BRAZIL OR, FOR LACK OF, BY THE CUSTOMS OF THE INTERNATIONAL CHAMBER OF COMMERCE OF PARIS.
ACCEPTED AND AGREED WITHOUT CHANGE
BUYER'S SIGNATURE AND CORPORATE SEAL