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Irrevocable Confirmed Purchase Order (I.C.P.O.) - (template)
IRREVOCABLE CONFIRMED PURCHASE ORDER #______________
Date: _______________
To: ________________
Attn: ________________
We, ___________________on behalf of director of _________________ with full responsibility and behalf on our Buyer ready to purchase the following goods:
| PRODUCT | : ____________________ |
ORIGIN | : ____________________ |
TOTAL QUANTITY | : ______________________________ (____________) M.T. per year. |
MONTHLY DELIVERY | : ______________________________ (____________) M.T. per month. |
QUALITY | : Export quality |
CONTRACT PERIOD | : ___________________ months |
DELIVERY | : FOB ___________________ or CIF port ___________________ |
PRICE AND DISCOUNT | : To be mutually agreed upon by Buyer & Seller |
PAYMENT CONDITIONS | : Irrevocable, Confirmed, Revolving L/C from a prime world bank |
PAYMENT PROCEDURES | : According to the terms of the contract, to be mutually agreed upon by Buyer & Seller |
TRANSACTION PROCEDURES | : According to the terms of the contract, to be mutually agreed upon by Buyer & Seller |
INSPECTION | : SGS for Quantity and Quality |
PERFORMANCE BOND | : 2% Performance Bond |
PROCEDURE | 1) 2) 3) |
BANK NAME | : _______________________________ |
ADDRESS | : _______________________________ |
BANK OFFICER |
: _______________________________ |
ACCOUNT NUMBER | : _______________________________ |
IBAN | : _______________________________ |
SWIFT | : _______________________________ |
TELEPHONE | : _______________________________ |
: _______________________________ |
The given 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 valid for up to ____ days. We also give our sanction to Bank of the Supplier (Seller) to make inquiry of our solvency concerning the given transaction ( 'Soft Probe' ). To that we authorize our bank to give from __ _________ 20x__ the necessary information ( 'Soft Probe' ). |
_________________________________
(stamp and seal)
President / CEO: _________________________
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- IMFPA (Irrevocable Master Fee Protection Agreement)
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(NCNDA, ICPO, LOI, FCO, IMFPA)
Petroleum Products
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