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Letter Of Intent For Coal Purchase
"I need a Letter Of Intent For Coal Purchase under Singapore law for procuring 50,000 metric tonnes of thermal coal from an Indonesian supplier, with delivery scheduled for March 2025 to our power plant in Singapore."
1. Buyer Details: Full legal name and address of the purchasing entity
2. Seller Details: Full legal name and address of the coal supplier
3. Product Specifications: Detailed specifications of coal type, quality parameters, and testing standards
4. Quantity: Proposed volume of coal to be purchased
5. Price Indication: Indicative price range or pricing mechanism
6. Delivery Terms: Proposed delivery schedule and Incoterms
7. Duration: Validity period of the LOI
1. Payment Terms: Preliminary payment conditions and methods, included when parties want to establish basic payment framework
2. Exclusivity: Terms of exclusive negotiation, included when parties want to ensure exclusive dealing during negotiation period
3. Due Diligence: Framework for information sharing and verification, included when substantial due diligence is required before definitive agreement
1. Technical Specifications Sheet: Detailed coal quality parameters and testing methods
2. Delivery Schedule: Preliminary delivery timeline and quantities
3. Price Calculation Mechanism: Formula or method for price determination
4. Company Credentials: Relevant certificates, licenses, and company information
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