The LOI Purchase Order is a crucial commercial document used in Nigerian business transactions when a company needs to formally communicate its intention to purchase goods or services while maintaining some flexibility before issuing a final purchase order. This document type is particularly relevant in situations requiring a formal expression of intent but where certain details may still need to be finalized. The LOI Purchase Order typically includes essential commercial terms such as product specifications, pricing, quantity, delivery terms, and validity period, while operating under Nigerian commercial law framework. It serves as a bridge between informal negotiations and binding purchase orders, offering both parties a degree of security while maintaining room for final adjustments. This document is especially useful in complex procurement processes, high-value transactions, or when dealing with new business relationships in the Nigerian market.

1. Letter Header: Company letterhead, date, reference number, and recipient's full address

2. Subject Line: Clear indication that this is a Letter of Intent for Purchase Order

3. Opening Statement: Formal introduction and clear statement of intent to purchase

4. Product/Service Details: Specific description of items/services to be purchased, including quantities and specifications

5. Commercial Terms: Price, payment terms, delivery timeline, and basic conditions

6. Duration of Offer: Validity period of the LOI and purchase terms

7. Next Steps: Process for converting LOI to formal purchase order and expected timeline

8. Closing: Standard closing statement, signature block, and company details