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Letter Of Intent For Coal Purchase
Need a Letter of Intent for Coal Purchase to initiate negotiations with an Indonesian supplier for 50,000 metric tonnes of thermal coal per month, starting March 2025, with specific quality requirements for our power plant in Wales.
1. Parties: Full legal names and addresses of buyer and seller
2. Intent Statement: Clear statement of non-binding nature of LOI except for specified binding provisions
3. Product Specification: Detailed description of coal type, quality parameters, and testing methods
4. Quantity: Proposed volume of coal to be purchased
5. Price Mechanism: Proposed pricing structure and payment terms
6. Timeline: Expected duration of negotiations and deadline for definitive agreement
7. Confidentiality: Terms regarding confidential information handling
1. Exclusivity: Period during which parties agree not to negotiate with others (used when buyer wants exclusive negotiation rights)
2. Due Diligence: Framework for information sharing and verification (used for complex or high-value transactions)
3. Cost Allocation: How costs of negotiation will be shared (used when significant costs are expected during negotiation)
1. Technical Specifications: Detailed coal quality parameters and testing methods
2. Delivery Schedule: Proposed timeline for deliveries
3. Price Calculation Formula: Detailed pricing mechanism and adjustments
4. Required Certifications: List of required quality and origin certificates
Authors
Agreement
Binding Provisions
Business Day
Coal
Coal Specifications
Confidential Information
Delivery Point
Definitive Agreement
Effective Date
Force Majeure
Incoterms
Letter of Intent
Negotiation Period
Party/Parties
Price
Product
Purchase Price
Quality Analysis
Quantity
Representative Sample
Shipment
Specifications
Term
Terminal
Title and Risk
Tolerance
Transaction
Transfer Point
Vessel
Product Specification
Quantity and Tolerance
Price and Payment Terms
Delivery Terms
Quality Analysis
Title and Risk Transfer
Duration
Confidentiality
Exclusivity
Due Diligence
Conditions Precedent
Costs and Expenses
Binding and Non-Binding Provisions
Timeline for Definitive Agreement
Good Faith Negotiations
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Termination
Environmental Compliance
Health and Safety
Insurance Requirements
Representations and Warranties
Documentation Requirements
Shipping Terms
Testing and Inspection
Amendments
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