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Icpo Petrol

This document is an irrevocable corporate purchase order (ICPO) from a buyer to a seller to purchase a product. It includes details of the product like name, origin, quantity, price, ports, and payment terms. It also provides the buyer's banking details and authorizes the seller to conduct a soft probe on the buyer's account. The procedure outlines the steps for signing contracts, issuing performance bonds, and exchanging documents to complete the purchase and delivery.

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Noman Saleem
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2K views2 pages

Icpo Petrol

This document is an irrevocable corporate purchase order (ICPO) from a buyer to a seller to purchase a product. It includes details of the product like name, origin, quantity, price, ports, and payment terms. It also provides the buyer's banking details and authorizes the seller to conduct a soft probe on the buyer's account. The procedure outlines the steps for signing contracts, issuing performance bonds, and exchanging documents to complete the purchase and delivery.

Uploaded by

Noman Saleem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Company Logo and Data

1
Date: -- - -- - - -- - -
Ref. No: ------------

IRREVOCABLE CORPORATE PURCHASE ORDER



To : --------------------
Via:---------------------



We, ---------------------------------- here by confirm with full legal and corporate responsibility and
under penalty of perjury that we are ready, willing and able to purchase the product described
below according to the conditions of this ICPO.


Product Name
Origin
Quantity
Price
Loading Ports:
Destination port
Shipment
Performance bond
Cargo survey
Payment


BUYER S BANKING DETAILS
Bank Name
Banl Address
Account Holder
Account Name
Account Number
Bank Officer Name
Bank Phone and Fax
Bank E-mail
Swift Code


We authorize to the Seller the right to conduct a Soft Prove on our account given above.



Company Logo and Data




2
Procedure

1. Buyer issue an ICPO (Irrevocable Corporate Purchase Order) with full Banking information, granting
permission to seller to conduct soft probe and BCL + NCNDA/IMPFA.
2. Seller sends FCO to buyer, to be sign, seal and return.
3. Seller issues and sends Draft Contract to the Buyer.
4. Buyer reviews the Draft Contract, if necessary, makes modification counter signs and returns it to
seller.
5. Buyer and Seller sign and exchange final contract.
6. After the legalization of the Contract, Seller provides a partial POP to Buyer.
7. Buyer issues non operative BG or Mt 103/23 of Buyers choice to Sellers Bank.
8. Seller issues full POP documents to Buyer through Bank to Bank.
9. Sellers Bank issue 2% PB to the Buyer Bank for product cost.
10. Seller shall issue the first cargo delivery confirmation and date.


Authorized by:
Date:


Buyers Seal and Signature
X








Next: Product Specifications

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