A Letter of Intent to Purchase Gasoline serves as a crucial preliminary step in negotiating gasoline supply arrangements in England and Wales. This document is typically used when parties wish to formally express their serious intention to enter into a binding agreement while still maintaining flexibility for negotiation. It outlines essential elements such as product specifications, proposed volumes, pricing mechanisms, and delivery terms, while establishing a framework for further negotiations. The document helps parties align their expectations and provides a foundation for due diligence processes, while typically maintaining a non-binding nature except for specific provisions. It must account for various regulatory requirements including environmental, safety, and quality standards applicable in the jurisdiction.

1. Sender and Recipient Details: Full contact information and addresses of both parties

2. Date of Intent: Clear statement of the date when the letter of intent is issued

3. Statement of Intent: Clear declaration of intention to purchase gasoline, including quantity and basic terms

4. Product Specifications: Detailed description of gasoline type, quality standards, and quantity requirements

5. Proposed Price Terms: Outline of proposed pricing structure and payment terms

6. Proposed Delivery Terms: Delivery timeline, logistics, and requirements

7. Duration: Timeframe for which the letter of intent remains valid

8. Confidentiality Statement: Terms regarding the confidential nature of the proposed transaction

9. Non-Binding Nature: Clear statement that the letter is non-binding except for specified clauses

10. Signature Block: Space for authorized signatures and dates