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    Icpo Model

    Uploaded by

    Diego Cardona
    The document outlines an irrevocable corporate purchase order (ICPO) from XXXXXXXXXX company to purchase 47,000 MT of PetCoke from Russia for $75 per metric ton, to be delivered over one year. It details the terms of payment, delivery via CIF, and an eight-step process for executing the purchase including issuing necessary documents, opening letters of credit, product inspection, and payment upon delivery. The document includes the buyer's bank details and is signed by the CEO of XXXXXXXXXX company.

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

    Icpo Model

    Uploaded by

    Diego Cardona
    142 views2 pages
    The document outlines an irrevocable corporate purchase order (ICPO) from XXXXXXXXXX company to purchase 47,000 MT of PetCoke from Russia for $75 per metric ton, to be delivered over one year. It details the terms of payment, delivery via CIF, and an eight-step process for executing the purchase including issuing necessary documents, opening letters of credit, product inspection, and payment upon delivery. The document includes the buyer's bank details and is signed by the CEO of XXXXXXXXXX company.

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    Original Title

    ICPO MODEL

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    The document outlines an irrevocable corporate purchase order (ICPO) from XXXXXXXXXX company to purchase 47,000 MT of PetCoke from Russia for $75 per metric ton, to be delivered over one year. It details the terms of payment, delivery via CIF, and an eight-step process for executing the purchase including issuing necessary documents, opening letters of credit, product inspection, and payment upon delivery. The document includes the buyer's bank details and is signed by the CEO of XXXXXXXXXX company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    142 views2 pages

    Icpo Model

    Uploaded by

    Diego Cardona
    The document outlines an irrevocable corporate purchase order (ICPO) from XXXXXXXXXX company to purchase 47,000 MT of PetCoke from Russia for $75 per metric ton, to be delivered over one year. It details the terms of payment, delivery via CIF, and an eight-step process for executing the purchase including issuing necessary documents, opening letters of credit, product inspection, and payment upon delivery. The document includes the buyer's bank details and is signed by the CEO of XXXXXXXXXX company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    [ ICPO MODEL]

    IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

    We, XXXXXXXXXX company registered with registration number XXXXXXXXXX, represented


    by Mr. XXXXXXXXXX, CEO, passport number XXXXXXXXXX, with full corporate and legal
    responsibilities, under penalty of perjury, we confirm that we are ready to buy the following
    product, according to your received offer REF-______________________________________
    and under the following terms and conditions.

    PRODUCT: PetCoke.
    PRODUCT ORIGIN: Russia
    TOTAL QUANTITY: 47,000 MT
    CONTRACT TIME: Spot + One year supply contract per “n” MT per 12 months
    PRICE: 75 USD
    PAYMENT TERMS: ¿?
    INCOTERMS: COST, INSURANCE & FREIGHT
    PORT FOR DELIVERY:

    TERMS AND CONDITIONS


    [Requirements from client to accept or desist the purchase]
    Example:
    “Once we received and review … 1., 2., 3.,”
    “If this…”
    “We can proceed to ____ based on…”

    SELLER STANDARD CIF WORKING PROCEDURE


    1. Buyer issues ICPO with this procedure incorporated on the ICPO along with Buyer’s
    company registration certificate.
    2. Seller Issues Sale & Purchase Agreement (SPA), Buyer review, amend (if necessary), signs
    and return the SPA in WORD format to Seller within 3 banking days. Seller sends final SPA to
    Buyer in PDF format. Buyer confirms final SPA and issues letter of acceptance of the final
    SPA.
    3. Seller issues to Buyer via email the following transaction documents:
    A. commitment to supply
    B. statement of product availability
    C. certificate of origin)
    D. product passport
    E. ATSC, Buyer confirms the receipt of the documents by mail and issue confirmation
    letter within 24 hrs. cost).
    4. Seller makes arrangement for the chartered freight with a renowned shipping company for
    the transportation of the product to buyer designated discharge port, both Seller and Buyer
    sign the Charter Party Agreement (CPA) together with the shipping company (A three party
    CPA) this is applicable only for 1st shipment. (Seller & Buyer jointly pays CPA cost 50/50 via
    T/T wire transfer directly to the shipping company. Fee would later be refunded/deducted when
    Buyer is paying for the total product.
    5. After completion of the above, Seller issues to Buyer product title transfer agreement, Buyer
    signs and returns. Seller legalizes the Contract with the authorities in charge and sends to
    buyer the legalized contract, the certificate of product title transfer and then proceeds with the
    port & custom clearance of product and all internal routines operations accordingly.
    6. Upon completion of the above and confirmation of this export approval by the Authority to
    Seller with the endorsement of the Charter Party Agreement (CPA) and the Shipping Schedule
    by the Port Authority, to enable Seller to release the below Proof of Product Documents:
    ~ Legalized Charter Party Agreement (CPA) with the Loading Port Authority.
    ~ Uploading Report
    ~ Product Allocation Certificate.
    ~Allocation Title Transfer Certificate.
    ~ Export License
    ~ Export Approval
    ~ Tank Receipt.
    ~ Dip Test Authorization.
    7. Seller issues the commercial invoice and sends to Buyer and within 5 working days, Buyer’s
    bank issues to Seller’s bank swift operative Stand by Letter of Credit (SBLC) via Swift MT760
    or Documentary Letter of Credit (DLC) via Swift MT700 for the entire 1st shipment total product
    value, and for Seller to lodge and activate a 2% PB (Performance Bond/Performance
    Guarantee) in the favor of the Buyer. If Seller fails to supply the cargo/shipment of the product
    to the Buyer this 2% Performance Bond will be paid/forfeited to the Buyer.
    8. The product SGS inspection charges will be borne by Seller at the loading port. Seller invites
    buyer for visitation to witness the final inspection and TTM for negotiation of future transaction
    (Optional to Buyer). Seller signs NCNDA/IMFPA between all intermediaries involved with the
    notarized copy sent to Seller's bank.
    9. Loading & Shipment of product commences as per schedule. Upon Vessel’s arrival and
    finalization of SGS at destination port, Buyer release payment via swift fund transfer within 3 to
    5 banking days to Seller for total.

    Ref. No XXXXXXXXXX
    BUYER BANK DETAILS:
    BANK NAME
    BANK ADRESS
    ACCOUNT NAME
    ACCOUNT NUMBER
    SWIFT
    [No need to declare until client decide to do it]

    xxxxxx
    xxxxx

    Sincerely,
    SEAL & SIGNATURE

    XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX 9999999999 XXXXXXXXXX xxxxxxxxx


    xxxxxxxxx

    Mr. XXXXX XXXXX


    CEO - XXXXXXXXXX
    Phone Number: 999999999
    E-mail: XXXXXXXXXX

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