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    Icpo Draft 2

    Uploaded by

    broadwoodjackson
    This is a draft for an ICPO which is a legal document used to place order for a product.

    Copyright:

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

    Icpo Draft 2

    Uploaded by

    broadwoodjackson
    10 views3 pages
    This is a draft for an ICPO which is a legal document used to place order for a product.

    Original Title

    ICPO DRAFT 2

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

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    This is a draft for an ICPO which is a legal document used to place order for a product.

    Copyright:

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

    Icpo Draft 2

    Uploaded by

    broadwoodjackson
    This is a draft for an ICPO which is a legal document used to place order for a product.

    Copyright:

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

    IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

    To: Broadwood Oil and Gas Consulting Services LTD.


    Address: 1 High Street, Guildford, Surrey, United Kingdom, GU24HP
    Attention: Mr. Jackson D. Edward

    CEO

    FROM: (Insert company name)


    Address:
    Email:
    Attention:

    CEO

    IRREVOCABLE CORPORATE PURCHASE ORDER

    (Your Company Name), with full legal authority, issues the following purchase order and
    requests a valid contract from the Seller’s mandate and Seller (titleholder) to purchase the
    following refined petroleum product(s).

    Product: EN590 10 PPM

    Quantity: Spot deal of 100,000 MT

    Destination: (Jurong, Singapore port )

    Product Origin: Kazakhstan

    Payment: MT103 or USDT

    Price: $420 per MT


    STANDARD OPERATING
    PROCEDURE
    1. Buyer issues Irrevocable Corporate Purchase Order

    2.Seller issue draft (MOU) agreement and Commercial Invoice to Buyer


    countersign and return to seller.

    3. The seller sends to Buyer the following Proof of Product documents for
    Buyer's confirmation.

     Q88
     BILL OF LADING
     ESTIMATED TIME OF ARRIVAL
     Q&Q ANALYSIS REPORT
     PAYMENT INVOICE FOR TITLE TRANSFER
     CARGO MANIFEST
     STATEMENT OF AVAILABILITY
     CERTIFICATE OF ORIGIN
     NOTICE OF READINESS
     LETTER OF GUARANTEE

    4. Buyer confirms the goods documents and makes a Commitment


    deposit to the sum of $250,000(USD) which stands as an Allocation and
    Security Guarantee payment to the seller nominated bank by T/T Wire
    Transfer within 3 banking days to enable the seller to change every
    document to buyer’s name and instruct the vessel captain to re-route the
    vessel to the new buyer’s destination port. The Payment deposit made
    shall be deducted from the total payment value of the takeover product
    5. Buyer/Seller authorizes Shipping company to reroute the vessel to the
    new buyer's desired Port If buyer needs the vessel to be rerouted from
    the current destination. Seller transfers title to new buyer and also
    releases a fresh dated Dip-Test Authorization-DTA ,Authority to Board
    (ATB),and Authority to Verify (ATV) to Buyer. Buyer order SGS
    inspection or Equivalent inspection team for Q & Q inspection upon
    goods/cargo arrival at the discharge port.
    6. Upon successful completion of Dip-test inspection after discharging,
    buyer makes the balance payment by MT103 Wire Transfer for the total
    goods value to the Seller’s bank account. Seller transfers Title of Ownership
    Certificate to buyer’s name as the legitimate owner of the goods.
    Transloading commences immediately.

    7. Seller will release payments to the intermediaries involved within 48


    hours of receiving the Payment for the product from the Buyer’s bank

    Contract terms (Optional)

    1. Seller and buyer sign contract for 12 months shipment If required.


    2. Buyer issues their Bank Guarantee SBLC MT760/DLC MT700 to
    Sellers Bank to guarantee the monthly shipments. Seller issues 2%
    Performance Bond within 3 days for the Monthly Contract
    Shipments.
    3. Monthly Shipment commences to the Buyers Discharge Port as
    stipulated in the contract.

    (Insert name, signature and company stamp)

    CEO

    INSERT PASSPORT OF BUYER

    INSERT BANKING INFORMATION

    INSERT BUYERS COMPANY CERTIFICATE

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