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    Irrevocable Corporate Purchase Order: (Not More Than 5 Banking Days Old)

    Uploaded by

    Alfonso Barril
    This document is an irrevocable corporate purchase order from a buyer to a seller for urea fertilizer. It specifies the commodity as 46% urea prills/granules to be shipped CIF from Russia, Ukraine or CIS. The total quantity, contract duration, packing, target price, delivery terms, inspection, insurance, payment terms and required documents are defined. It also provides the buyer's company information and bank details required to issue and confirm the letter of credit.

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

    Irrevocable Corporate Purchase Order: (Not More Than 5 Banking Days Old)

    Uploaded by

    Alfonso Barril
    275 views3 pages
    This document is an irrevocable corporate purchase order from a buyer to a seller for urea fertilizer. It specifies the commodity as 46% urea prills/granules to be shipped CIF from Russia, Ukraine or CIS. The total quantity, contract duration, packing, target price, delivery terms, inspection, insurance, payment terms and required documents are defined. It also provides the buyer's company information and bank details required to issue and confirm the letter of credit.

    Original Title

    ICPO

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    This document is an irrevocable corporate purchase order from a buyer to a seller for urea fertilizer. It specifies the commodity as 46% urea prills/granules to be shipped CIF from Russia, Ukraine or CIS. The total quantity, contract duration, packing, target price, delivery terms, inspection, insurance, payment terms and required documents are defined. It also provides the buyer's company information and bank details required to issue and confirm the letter of credit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    275 views3 pages

    Irrevocable Corporate Purchase Order: (Not More Than 5 Banking Days Old)

    Uploaded by

    Alfonso Barril
    This document is an irrevocable corporate purchase order from a buyer to a seller for urea fertilizer. It specifies the commodity as 46% urea prills/granules to be shipped CIF from Russia, Ukraine or CIS. The total quantity, contract duration, packing, target price, delivery terms, inspection, insurance, payment terms and required documents are defined. It also provides the buyer's company information and bank details required to issue and confirm the letter of credit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    must be typed on Buyer’s own official letterhead showing full corporate name, registration number, office

    address, Business telephone, fax numbers and email address

    Ref. Number ____________________ Date: __ ___________ , 2011


    (Not more than 5 banking days old)
    TO: AXON International Corp
    Calea 13 Septembrie 90,
    Bucharest, ROMANIA 050713

    Dear Sir,

    Irrevocable Corporate Purchase Order

    With full legal and corporate responsibility and under penalty of perjury we (Buyer’s company’s name and address)
    hereby issue our irrevocable corporate purchase order for the following:

    Commodity: UREA 46% GOST 2081-92 , Agricultural Grade ”B”


    Appearance Prilled /Granular
    Shipping Terms for Sale: CIF Port in accordance with INCOTERMS 2000
    Origin: Russia , Ukraine , CIS – sellers option
    Total / Contract Quantity: xxxxxx Metric Tons.
    Duration of Contract: xx months (maximum 12 months)
    Packing: 50 kg bags or bulk (write your choice)
    Target price: XXX USD per Metric Ton.
    Discharge rate per day: XXX MT per day.
    Delivery terms: Not later than forty five (45) days after accepting L/C from Buyer.
    Inspection: SGS at loading Port at Seller’s expense.
    Insurance: Cargo Insurance 110%.
    Performance bond: 2% of L/C value.
    Irrevocable Transferable Confirmed BG (1-2 months value delivery and covering
    Payment method: the last one/two months delivery) + DLC100% or MT.103/23, payment shipment
    value x shipment delivery from Top Western Prime Bank.
    Radiation Certified: Non–Radioactive 100% free flowing.
    Seller’s Commercial Invoice,
    Bill of Lading,
    Shipping Documents: SGS Certificates,
    Certificate of Origin,
    Other documents Agreed by Buyer and Seller.
    BUYER’S INFORMATION:
    Name:
    Position:
    Company name:
    Registration Number:
    Address:
    City/Zip:
    Country:
    Business Telephone:
    Business Fax:
    Mobile Telephone:
    E–mail:
    Skype ID:
    Website:

    BUYER’S BANK INFORMATION:


    ISSUING BANK: CONFIRMING BANK:
    If the buyers bank is not one of top 50 banks,
    Bank Name:
    the LC must be confirmed by a top 50 bank
    Bank Address, City, Country:
    Bank Swift Code:
    Bank Telephone:
    Bank Fax:
    Account Name:
    Account Number:
    Bank Officers name:
    Bank Officer E–mail address:
    Bank Website address:

    Procedures

    1. Seller issues the SCO – Already issued


    2. Buyer issues the ICPO and proof of funds (POF) through SWIFT MT799 (bank-bank)
    3. Seller issues the FCO and Buyer accepts it by signing and returning it.
    4. Seller sends the contract to Buyer for amendments and signing it.
    5. Within 10 banking day’s time after exchanging the signed contract hard copies, the Seller issues the
    proof of product (POP) to the Buyers bank by MT 799.
    6. Within 5 banking days time after receiving the POP the Buyer issues the non-active transferable RDLC
    of one month value of the contract (if a spot, contract value) to the Seller.
    7. On receiving the non-active transferable RDLC, the Seller issues 2% performance bond of one month
    value of the contract (if a spot, contract value) and activates the transferable RDLC
    8. Shipment commence as per conditions of the contract.

    For and on behalf of _____________ Buyer’s company’s name ___________

    SIGNATURE: CORPORATE STAMP / SEAL

    NAME:

    TITLE: Managing Director


    DATE: _______________, 2011

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