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    Company Letterhead: Irrevocable Corporate Purchase Order

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    JoJo k
    tyu

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

    Company Letterhead: Irrevocable Corporate Purchase Order

    Uploaded by

    JoJo k
    6 views2 pages
    tyu

    Original Title

    8580575502417

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    © © All Rights Reserved

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    tyu

    Copyright:

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

    Company Letterhead: Irrevocable Corporate Purchase Order

    Uploaded by

    JoJo k
    tyu

    Copyright:

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

    COMPANY LETTERHEAD

    Ref#: XXXXXXXXXX Month DD, 2023


    To: To: LAFFAN REFINARY-2
    Attn to: Mr. Abdulaziz Mohamed,
    Export Director.
    Via: MIR LITE ELEKTRIK ELEKTRONIK SANAYI VE TICARET LIMITED SIRKETI

    Irrevocable Corporate Purchase Order

    Dear Mr. Abdulaziz Mohamed,


    We, (Buyer’s COMPANY NAME), hereby confirm with full responsibility that we are ready, willing and able to
    purchase the following commodity under the terms and conditions as are stated below and under the rules
    for international trading by the International Chamber of Commerce (ICC), including non-disclosure and non-
    circumvention:

    1. General Information.
    1.1. Commodity Diesel Fuel EN590 10 ppm
    1.2. Origin Qatar
    1.3. Quality International Standard
    per Trial 300,000 MT
    1.4. Quantity
    per Month (x11 months) 300,000 MT
    1.5. Contract duration 12 months
    1.6. Method of acceptance the goods Vessel to Tank
    1.7. Method of Trading CIF Fujairah
    1.8. Price 560.00 $/MT
    SBLC (irrevocable, nontransferable),
    1.9. Payment method (MT103) just after receiving the
    goods.
    CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES
    2.1. Buyer accepts Seller working procedure and issues official ICPO addressed to the refinery, POF
    (BCL) and TSA. In the ICPO has to be stated passport copy of the company signatory and Buyer’s
    bank details. To the ICPO should be added the CIS and company profile.
    2.2. Seller issues the draft SPA for buyer's review and signing.
    2.3. Seller legalizes and registers the SPA with the insurance company and notarizes them with
    the appropriate Authorities at the Ministry of Energy along with the below PPOP documents: a.
    Product Passport Quality Certificate.
    b. Certificate of Product Origin.
    c. Product availability (Commitment letter to supply the product from Ministry of Energy).
    d. Authorization to Sell and Collect [ATSC].
    2.4. Issuing Bank per seller’s verbiage shall issue SBLC within Five (5) working days for first
    shipment’s value to Beneficiary Bank to enable the seller to commence loading of a product with the
    shipping company. Seller finalizes loading within four (4) working days.
    NOTE. If the Buyer fails to issue SBLC within Five (5) working days, as an alternative provision Buyer pays
    3% of the total product value directly to the shipping company or a payment account designated
    1
    COMPANY LETTERHEAD

    by the Seller either via MT103, Bitcoin or USDT as a transaction guarantee which will be
    deducted from the product’s invoice value of the product at the destination port.
    2.5. After confirmation by the Beneficiary Bank, the Seller at own expense, charters with
    shipping/logistic company and alert Buyer on shipment ordered graphic/schedule accompanied
    with the submission of nominated Vessel details to the
    2.6. Beneficiary Bank responds with contractual operative 2% PB and full POP to the Issuing Bank within
    Seventy-Two (72) hours since buyer’s payment instrument confirmed by the Beneficiary Bank:
    a) Copy of the Port Storage Agreement.
    b) Copy of the CPA, to Transport the Product to Discharge Port.
    c) Vessel Q88.
    d) Original BL (full set).
    e) Copy of SGS Report.
    2.7. Upon successful product confirmation against the SGS/CIQ Report of Quality and Quantity at
    the destination port, the Buyer makes payment by MT103.

    4. Bank details of the Buyer’s company


    Account Name
    Account number
    Bank Name
    Bank Address
    SWIFT code

    5. Passport copy of Managing Director/CEO.

    (Signature and Seal of the CEO/Managing Director)

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