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So you see, the response requested is indicated in the very form and name of the document itself. The Letter of Intent has no established place in International trade law. Where they are used _ rarely _ is in some small niche internal markets and trades. The RFQ, Request for Quotation, a standard protocol in the business world, is what most brokers actually want when they err in using an LOI.

If what you want is a quotation or offer, then sending a letter of intent makes you look ignorant while requesting a quotation will generally at least make you look like you know what it is that you want. And what you want, after all, is a price quote. Hence you want to request a price quote, via a request for quotation.

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