A Letter Of Intent To Hire Equipment is a preliminary document used in the Nigerian business context when a company plans to hire substantial or significant equipment but needs to formalize their interest before proceeding with a full equipment hire agreement. It's particularly relevant when the hiring arrangement involves considerable financial commitment, complex logistics, or specialized equipment that may require advance preparation. The document typically includes proposed commercial terms, equipment specifications, intended duration, and basic requirements while maintaining its non-binding nature. This type of document is especially important in Nigeria where business relationships often require formal expressions of intent before proceeding with detailed negotiations, and where local content laws may affect equipment hiring arrangements. It serves as a stepping stone toward a formal equipment hire agreement while allowing both parties to proceed with preliminary arrangements and planning.

1. Letterhead and Date: Company letterhead, current date, and reference number if applicable

2. Recipient Details: Full name, title, and address of the equipment owner/supplier

3. Subject Line: Clear indication that this is a Letter of Intent to Hire Equipment

4. Opening Statement: Introduction of the sending organization and clear statement of intent to hire specific equipment

5. Equipment Details: Specific description of equipment to be hired, including make, model, and quantity

6. Intended Duration: Proposed period of equipment hire

7. Commercial Terms: Proposed hiring rates, payment terms, and basic commercial conditions

8. Basic Requirements: Key requirements regarding equipment condition, maintenance, and operation

9. Timeline: Proposed schedule for finalizing the agreement and equipment delivery

10. Non-Binding Statement: Clear statement that this is a non-binding letter of intent

11. Closing and Signature: Standard letter closing, name and signature of authorized representative