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Letter of Intent - Naval Group
Letter of Intent - Naval Group
Letter of Intent - Naval Group
BSES/KL/FIN/V.2 – ( )
Naval Group
40 – 42 rue du Docteur Finlay
75015 Paris
FRANCE
(Attention: Ms. Anne-Sophie BARBEAU)
Dear Madam,
1. Further to the above subject, we are pleased to inform that BHIC Submarine
Engineering Services Sdn Bhd (“BSES”) has received a Letter of Intent (“LOI”)
from the Government of Malaysia for the Interim In-Service Support for the RMN
Prime Minister's Class Submarine vide KP/PERO(S)/2A/RT234/2018/OE JLD 12
dated 24 Feb 2023. Negotiations with the Ministry of Defence Malaysia is still
ongoing and it is expected to receive the Letter of Award by 15 April 2023.
2. Subsequently, BSES confirms our intention to purchase spare parts for the
RMN Prime Minister's Class Submarine from Naval Group SA subject to a mutually
agreed terms and conditions. BSES hereby writes to confirm our understanding of
the following general terms and conditions:
a. Scope of Work
Supply of spare parts for the RMN Prime Minister's Class Submarine.
b. Definitive Agreement
All other terms and conditions shall be negotiated and mutually agreed by
the parties in the Purchase Order and/or Contract.
1
c. Confidentiality
The parties agree that the contents of this LOI shall remain confidential until
it is replaced by the definitive agreement.
d. Termination
Should the Purchase Order and/or Contract not be executed on or within
sixty (60) days from the date of this LOI or if the negotiations pursuant to
this LOI is terminated for whatever reason, whichever shall be the earlier, no
award of contract shall take place.
3. Please note that this letter does not constitute an offer and there is no legal
or binding agreement between the parties until the execution of a Purchase Order
and/or Contract. Thank you.
Yours faithfully,
JEFFRY FAISAL
Chief Executive Officer
c.c