Letter of Intent (LOI) in Crude Oil Deals _ The Legal Traps and Pitfalls of LOI for Crude Buyers. Nowadays, to hear many of the oil sellers and operators, particularly their brokers and agents, who are involved in the international open market crude selling, describe it, this document _ called the "Letter of Intent" or LOI, for short _ is not only an essential document for doing crude oil business, but one which every credible person or company engaged in crude buying should always use in initiating a purchase.
Signed and Dated by Buyer: Signed and Dated by Buyer's Mandate: National Letter of Intent (NLI) _ 7 Things You Should Know. With the early signing period approaching, many student_athletes and their families will be asked to sign a National Letter of Intent (NLI) document. Here are 7 things you should know about the NLI: The NLI is a binding agreement between the institution and the student_athlete _ The athlete agrees to attend the institution full_time for one academic year and the institution agrees to provide athletic financial aid for one full academic year.