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Letter Of Intent For Diesel Purchase
"I need a Letter Of Intent For Diesel Purchase for my logistics company to source 50,000 liters of diesel monthly from a Singapore supplier, starting March 2025, with specific requirements for low-sulfur content and exclusive negotiation rights for 60 days."
1. Intent Declaration: Clear statement of intention to purchase diesel and establish business relationship
2. Parties: Identification of potential buyer and seller with full legal names and addresses
3. Product Description: Specification of diesel type, grade, and quality standards to be supplied
4. Commercial Terms: Proposed quantity, pricing structure, and delivery arrangements
5. Duration: Timeframe for which the Letter of Intent remains valid
6. Non-Binding Nature: Statement clarifying which provisions are binding and non-binding
1. Exclusivity: Terms of exclusive negotiation period, if parties wish to negotiate exclusively
2. Confidentiality: Provisions for protecting confidential information exchanged during negotiations
3. Due Diligence: Framework for conducting quality and compliance verification if required before formal agreement
4. Conditions Precedent: Any prerequisites or conditions that must be met before proceeding to formal agreement
5. Governing Law: Specification of Singapore law as governing law, if parties want this clause to be binding
1. Product Specifications: Detailed technical specifications of diesel fuel including quality parameters
2. Proposed Delivery Schedule: Indicative timeline and logistics for diesel deliveries
3. Price Schedule: Detailed breakdown of proposed pricing structure and payment terms
4. Compliance Documents: Copies of relevant licenses, permits, and certificates required under Singapore law
Authors
Confidentiality
Non-Binding Nature
Product Specifications
Quantity and Price
Delivery Terms
Duration
Exclusivity
Due Diligence
Health and Safety
Environmental Compliance
Quality Assurance
Storage Requirements
Insurance
Costs and Expenses
Governing Law
Dispute Resolution
Termination
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