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    Icpo

    Uploaded by

    Ronnie Adnalcama
    The document is a template form for an irrevocable corporate purchase order between a buyer and seller. It includes fields for commodity details, quantities, prices, payment terms, contacts, and bank account information for both parties.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    Icpo

    Uploaded by

    Ronnie Adnalcama
    176 views4 pages
    The document is a template form for an irrevocable corporate purchase order between a buyer and seller. It includes fields for commodity details, quantities, prices, payment terms, contacts, and bank account information for both parties.

    Original Description:

    PO

    Original Title

    78861158-ICPO

    Copyright

    © © All Rights Reserved

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    TXT, PDF, TXT or read online from Scribd

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    The document is a template form for an irrevocable corporate purchase order between a buyer and seller. It includes fields for commodity details, quantities, prices, payment terms, contacts, and bank account information for both parties.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    176 views4 pages

    Icpo

    Uploaded by

    Ronnie Adnalcama
    The document is a template form for an irrevocable corporate purchase order between a buyer and seller. It includes fields for commodity details, quantities, prices, payment terms, contacts, and bank account information for both parties.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 4

    / FORM COMPANY/CONTACT DATA/ADDRESS/COUNTRY/LOGO BANK

    * page 1 / 3

    ROB™-OIL /form only for information/ Irrevocable Corporate Purchase Order (ICPO)
    issued date valid until : --/--/2010 : --/--/2010

    To (the principal seller) We, ........................................... (name


    Buyer) ........................................................... as the buyer,
    registered in…….. ........................ (address) ...................... with
    full legal, corporate authority and responsibility, under penalty of perjury,
    confirm that we are ready, willing to enter into a contractual agreement with the
    seller to purchase the following commodity with the following product in terms and
    conditions: and any import/ export permits needed to fulfill this purchase has been
    obtained.
    COMMODITY QUANTITY / MONTH TOTAL QUANTITY: YEAR QUANTITY: CONTRACT LENGTH : MONTH
    QUANTITY TARGET PRICE: TOTAL PRICE: PAYMENT TERMS: UNLOADING POR: PACKIN:
    PERFORMANCE BOND: SHIPMENT: INSPECTION REQUIRED: DELIVERY TERMS: CARGO INSURANCE:
    SPECIFICATIONS: xxxxxxxxx xxxxxxxx xxxxx MT (+/-5%); xxxxxxx MT (+/-5%); xxxxxxxxx
    XXX,XXX METRIC TONS (+/-5%) Buyer will present an Import Permit and all Licenses at
    Discharge Port. xxxxxxxxxx XXXXXXXX XXXXXXXX 2% issued by Seller’s bank Within 30-
    45 days after receipt of buyer’s financial instrument SGS CIF (destination) at the
    seller’s expenses technical data ,

    Dirt, dust and impurities are not more than 0.5 % of total weight. The Goods will
    be totally free from any types of radiation, bombs, arms and ammunition, mines,
    shell, cartridges, sealed containers, gas cylinders, explosive shell or explosive
    materials in any form either used BUYER’S INFORMATION: NAME OF THE COMPANY: CONTACT
    PERSON: COMPANY REGISTRATION No: COMPANY ADDRESS: TELEPHONE: CELL PHONE: FAX:
    EMAIL: BUYER’S BANKING INFORMATION: BANK NAME: BANK ADDRESS: ACCOUNT NUMBER:
    ACCOUNT NAME: BANK OFFICER NAME: TELEPHONE: FAX: SWIFT:

    XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX


    XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX

    XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX


    XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXXXXX

    EMAIL:

    XXXXXXXXXXXXXXX
    EXAMPLE FORM Recommended document for our customers at working with ROB-OIL
    Corporation.
    / FORM COMPANY/CONTACT DATA/ADDRESS/COUNTRY/LOGO BANK

    ROB™-OIL /form only for information/


    page 2/ 3

    LC CONFIRMING BANK DETAILS.


    (If the issuing bank is a top bank...then pl. keep the following columns vacant)
    BANK NAME: XXXXXXXXXXXXXXX BANK ADDRESS: XXXXXXXXXXXXXXX ACCOUNT NUMBER:
    XXXXXXXXXXXXXXX ACCOUNT NAME: XXXXXXXXXXXXXXX BANK OFFICER NAME: XXXXXXXXXXXXXXX
    TELEPHONE: XXXXXXXXXXXXXXX FAX: XXXXXXXXXXXXXXX SWIFT: XXXXXXXXXXXXXXX EMAIL:
    XXXXXXXXXXXXXXX

    We understand that any and all offer's and/or contracts are subject to successful
    seller verification of funds availability. We hereby give our permission for the
    seller / sellers mandate to conduct a soft probe of our account as listed below.
    Initial ........... *seller

    Buyer's Bank Officer in charge for this and subsequent transaction (s) is: *
    Required Mr._____________________________________________________________________*
    Title:____________________________________________________________________* Tel No:
    _________________________________________________________________ * Fax No:
    ________________________________________________________________* Email
    Address:___________________________________________________________* For and behalf
    of ______________________„Buyer's Bank“______________________* Bank Officer
    Code ..........................)__________________________________________ * SOFT
    PROBE AUTHORIZATION: The Buyer understands that any offer or contract is subject to
    the successful seller verification of the availability of funds for this contract.
    We (the Buyer) hereby give our written authorization and permission for the Seller
    or his agent to conduct a Soft Probe of the Buyer’s Bank Account provided, to
    verify the availability of the funds for this transaction. After signing the
    contract (Both sides) the buyer will send the BCL via MT 799/ RWA or MT 999 SWIFT
    in verbatim accordance with the seller’s format with in five banking days. All
    previous LOI/ICPO, if any, issued by this co. stands obsolete from this date. .
    Procedures: 1) BUYER send to SELLER (or the end buyer’s) LOI (Letter of Intent) or
    ICPO (Irrevocable Corporate Purchase Order) with “soft probe”, this document should
    be on buyer’s letterhead and should be signed and sealed by the buyer and include
    buyer’s banking details to allow the supplier to check buyer’s financial
    capability. Some suppliers require, in addition, buyer’s BCL (Bank Capability or
    Comfort Letter) 2) On receipt of the LOI/ ICPO and BCL, the SELLER will send to the
    buyer a FCO (Full Corporate Offer) 3) Once the buyer and suppliers have agreed and
    signed on the FCO, the deal is executed in compliance with the terms of the
    agreement. The Seller sends of the Buyer draft contract for discuss. Notes: a)
    BROKERS: Where brokers are involved, the NCND (Non-Circumvention and Non
    Disclosure) and FPA (Free Protection Agreement) will be required and signed by
    parties involved (buyers and sellers) before the signature of the draft contract.
    b) METHODS OF PAYMENT: Preferred: - Fully Funded Documentary L/C payable at sight
    (FFDLC), - Revolving Documentary L/C (RDLC), - Stand-by L/C (SBLC), - Bank
    Guarantee (BG)
    EXAMPLE FORM Recommended document for our customers at working with ROB-OIL
    Corporation.
    / FORM COMPANY/CONTACT DATA/ADDRESS/COUNTRY/LOGO BANK

    ROB™-OIL /form only for information/


    page 3 / 3

    Acceptable: - Irrevocable, transferable, revolving documentary credit paid at


    sight. There is a $7/MT surcharge for non-transferable credits. To a great extent
    prices are determined by your method of payment. This is why you should always
    specify your method of payment in the LOI and, whenever possible, provide the text
    of your proposed payment instrument. The L/C must be issued or confirmed by a prime
    International Bank acceptable by the supplier. c) SOFT OFFER: Buyer’s LOI is also
    generally required by the supplier to provide soft price quotes. In some cases, the
    supplier may require the LOI and BCL before he provides a soft offer. d) VISIT THE
    YARD WITH GOODS FROM THE BUYER: Depending from the goods if necessary visit the
    warehouse of the Seller, both parties will further agree on what stage of the deal
    will happen. 4) After discuss Buyer signs & seals original contract and returns to
    the Seller, seller signs & seal original contract end send the contract back to
    Buyer. (per DHL post). 5) Both parties lodge contracts in their respective banks.
    6) Within ten (5) working days of receiving the final hard contract copies, the
    buyer will issues the non operative IDL/C in favor of the Seller. In L/C documents
    from Buyer’s bank will including article 47A : ADDITIONAL CONDITIONS: - this L/C
    will be automatically become operative upon applicant receiving a pb 2%. - if
    within 10 working days from the date of issue of l/c the seller does not pay pb 2%
    of the buyer, the buyer’s bank automatically will cancel l/c, unless other
    arrangements are made. 7) Within ten (5) working days following receipt of the non
    operative financial instruments, the Seller will post the 2% Performance Bond for
    the monthly shipment value and will provide Proof of Product to the Buyer which
    will active the buyer’s letter credit automatically. 8. Delivery commences as per
    scheduled deliveries mutually defined and agreed. NOTICE: This ICPO is valid for 5
    days. Buyer’s Company name: Signature of the responsible person/date Printed name:
    E-mail: Phone number: Cell no:

    EXAMPLE FORM Recommended document for our customers at working with ROB-OIL
    Corporation.

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