Agreement / Letter of Intent
This document records the commercial agreement reached between Buyer and Producer through WineAfrica. It forms the agreed basis for the subsequent legally binding contract.
1. Agreed commercial terms
2. Agreed logistics responsibilities
WineAfrica coordinates and routes the overall logistics process. Responsibilities for the individual stages have been agreed. Final providers, quotations, transport prices and exact execution dates may be determined during execution.
| LOGISTICS STAGE | RESPONSIBLE PARTY | COST BEARER | PAYMENT ROUTE |
|---|---|---|---|
| Origin | Producer | Producer | Producer pays provider |
| Export | Producer | Producer | Producer pays provider |
| Main Transport | WineAfrica | Buyer | Buyer pays provider |
| Import | Buyer | Buyer | Buyer pays provider |
| Destination | Buyer | Buyer | Buyer pays provider |
| Final Delivery | Buyer | Buyer | Buyer pays provider |
3. Operational details remaining open
4. Compliance
5. Nature of this Agreement / LOI
This Agreement / Letter of Intent records the commercial understanding reached through the WineAfrica negotiation process and provides the agreed basis for preparation of the subsequent contract.
The legally binding contract will be prepared after the identities and legal details of the contracting parties have been disclosed and verified.