TRADING PARTNERS

Resources - Paperwork Resources - ICPO

*** THIS TEXT HAVE TO BE TREATED ONLY AS A FREE SAMPLE TEXT ***
*** USER IS FULLY AWARE OF THE FACT, THAT EACH AND EVERY COMPANY HAVE OWN CONDITIONS"

Irrevocable Confirmation Purchase Order
NO.0000000

Date:______________

To:
Att: Mr.

Dear Sir,

We the undersigned /Buyer’s Name/ and /Company Name/ with legal address at /Buyer’s Full Address/. Hereby confirm with full legal and corporate responsibility and under penalty of perjury that we are ready, to purchase the commodity /name/ in the quantity .... MT (metric ton) and for the price ... as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and responsibility of the above stated Buyer.

Name of Product:
Origin:
Specification:
Quantity:
Monthly Delivery:
Price:
Destination:
Single Shipment Quantity:
Payment Conditions:
Payment Procedures:
Transaction Procedures:
Special Conditions of the Transaction:
Inspection:
Performance Bond:

Bank Officer of the Buyer in Charge of Account:
Account Name:
Account No.:
Swift:
ABA/Routing:
Telephone:
Facsimile:
E-Mail:

We hereby provide our authorization to the bank of the Seller to conduct an inquiry into our financial capability in regards to this transaction (soft probe).

By this means, we authorize our bank and give permission in the period beginning from Date: .., 2008 in accordance with code number 000000 to provide the necessary information (soft probe).

This ICPO is the only current active and valid ICPO and has been exclusively offered to ......., for the release of the Full Corporate Offer. It supersedes any and all previous ICPO in this quantity and product that has been issued.

The Buyer is of the understanding that any and all offers and/or contracts are subject to successful Seller verification (Bank / Bank Officer End Seller’s) of funds and that said Seller thus has written permission to conduct a soft probe of the Buyer's account.

The following document provides the legal basis for the Seller’s transfer of these terms and parameters for preparing of the draft contract and shall become an integral part of the future contract and is valid for up to XX days from the date presented to the buyer.

COMMODITY: name of the commodity
ORIGIN: At seller’s choice /except China/
SPECIFICATIONS: commodity specifiactions
TOTAL/CONTRACT QUANTITY: XXX MT (12,500 min shipment)
PACKAGING:
DELIVERY SIZE: XXX MT per Shipment
DELIVERY SCHEDULE: Per month x 12 months ( or term contract)
MODE OF PAYMENT: 1 month Bank Guarantee and Revolving Documentary Letter of Credit
PRICE: USD 00,00/MT ( target helpful)
DESTINATION PORT:
DISCHARGE RATE PER DAY:
INSPECTION: SGS/Loading Port at Seller’s expense
PERFORMANCE BOND: usually 2% monthyl value

PROCEDURES

1. - Final Buyer issue LOI/ICPO with banking information and soft probe authorization or BCL.
/seller's name/ is who the LOI is to be addressed.
2. - Seller's Mandate issues NCND and FCO to final Buyer
3. - Buyer signs and sends back NCND and FCO to Seller's Mandate.
4. - Seller's mandate issues Draft Contract to Final Buyer.
5. - Final Buyer reviews and signs draft contract with any changes made in red.
6. - Seller reviews changes and signs final hard copy and DHL's back to Buyer.
7. - Banking and Payment Terms...non-negotiable.
a. - Payment terms: One month Bank Guarantee issued to Sellers bank for one month shipments' value for the duration of contract.
b. - Followed by a Revolving Documentary Letter of Credit issued to Sellers bank for one month shipments' value for the duration of contract.
c. - Seller issues a 2% Performance Bond which activates RDLC
*Procedures must be included in ICPO*

Buyer:
(seal/signature/date)

Bank's officer:
(seal/signature/date)


*** THIS TEXT HAVE TO BE TREATED ONLY AS A FREE SAMPLE TEXT ***
*** USER IS FULLY AWARE OF THE FACT, THAT EACH AND EVERY COMPANY HAVE OWN CONDITIONS"