Scribd
Upload
3K views4 pages

Letterhead Irrevocable Corporate Purchase Order: Date: November 2, 2021

This document is an irrevocable corporate purchase order from a buyer to a Russian refinery director to purchase commodities. It outlines the terms of the negotiation, including product specifications, origin, price, ports, quantities, inspection procedures, and payment terms. The buyer provides their banking information and signature to confirm the purchase. It specifies a process where the seller will provide documents to the buyer's bank to secure payment for trial and monthly shipments via letters of credit or payment guarantees.

Uploaded by

Elberto Cabusao
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
3K views4 pages

Letterhead Irrevocable Corporate Purchase Order: Date: November 2, 2021

This document is an irrevocable corporate purchase order from a buyer to a Russian refinery director to purchase commodities. It outlines the terms of the negotiation, including product specifications, origin, price, ports, quantities, inspection procedures, and payment terms. The buyer provides their banking information and signature to confirm the purchase. It specifies a process where the seller will provide documents to the buyer's bank to secure payment for trial and monthly shipments via letters of credit or payment guarantees.

Uploaded by

Elberto Cabusao
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
You are on page 1/ 4

LETTERHEAD

IRREVOCABLE CORPORATE PURCHASE ORDER


Date: November 2, 2021

TO: THE RUSSIAN REFINERY DIRECTOR


ATTENTION: RUSSIA REFINERY MANDATE 000124D EMCHIONGBIAN

Dear Sir,

We, [BUYER NAME], as the Buyer of the undersigned, hereby state and represent that it is
our corporate intention to purchase the following commodity(s) under the stated terms and
conditions.

We attest that we are ready, willing and able to purchase and hereby issue and confirm this
IRREVOCABLE CORPORATE PURCHASE ORDER for proceedings.

TERMS OF NEGOTIATION

Buyer’s Product Specification


COMMODITY
ORIGIN
CIF PRICE
*DESTINATION PORTS
LOADING PORT
TRIAL QUANTITT
POF VALUE
F VALUE
MONTHLY QUANTITY
INSPECTION
COMMISSION PAID BY COMMISSION: $ 5 SELLER SIDE: CLOSED, $ 5 BUYER SIDE: OPEN
SELLER
TRIAL TO CONTRACT GUARANTEE PAYMENT VIA POF TOP PRIME REVOLVING/ OPEN
PAYMENT SBLC / IRDLC AND FINAL PAYMENT VIA MT103/TT ON POSITIVE SGS
AT DISCHARGE PORT.

CIF PROCEDURE

1. BUYER ISSUES ICPO WHICH MUST BE IN BUYER COMPANY LETTERHEAD


WITH BUYER BANKING INFORMATION SUBMITTING PRIOR ALL COMPLIANCE
DOCUMENTS VIA: RUSSIAN REFINERY COMPANY MANDATE ID 000124D
EMCHIONGBIAN.
2. SELLER ISSUES DRAFTED CONTRACT (OPEN FOR POSSIBLE AMENDMENTS) TO
BUYER. BUYER SIGNS, SEALS AND RETURNS THE CONTRACT IN 5-7 WORKING DAYS
WITH BUYER’S IDENTITY FOR FINAL ENDORSEMENT. SELLER NOMINATED
FIDUCIARY ACCOUNT INCLUDES TO ENDORSE THE CONTRACT AT BUYER’S
REQUEST. BUYER ISSUES MT199/MT799 PRE-ADVISE RWA TO SELLER BANK. SELLER
BANK GIVES THE BELOW LISTED PARTIAL PROOF OF PRODUCT (A-E) AND SECURE
ISO TANKS FOR STORAGE AND PACKAGING OF PRODUCT AND MOVES THE
PRODUCT TO LOADING PORT.
(A) REFINERY COMMITMENT TO SUPPLY
(B) CERTIFICATE OF ORIGIN
(C) STATEMENT OF AVAILABILITY OF PRODUCT
(D) PRODUCT QUALITY PASSPORT (ANALYSIS TEST REPORT) BY RUSSIAN
STANDARD GOST R ____
(E) GUARANTEE LETTER TO SUPPLY THE PRODUCT ENDORSED AND
APPROVED BY SELLER’S BANK

3. WITHIN 5-7 BANKING DAYS, BUYER’S BANK SENDS TRANSFERABLE IRREVOCABLE


OPERATIVE SBLC VIA MT760 OR DLC VIA MT700 ACCORDING TO SELLER’S
PROVIDED BANK VERBIAGE FOR THE FIRST TRIAL SHIPMENT. IN CASES WHEREBY
BUYER IS NOT ABLE TO ISSUE THE BANK INSTRUMENT, BUYER WILL HAVE THE
OPTION OF SECURING THE ALLOCATION BY PAYMENT AGAINST CIF GUARANTEE.
THIS PAYMENT HOWEVER SHALL BE DEDUCTED FROM THE TOTAL COST OF THE
TRANSACTION AFTER INSPECTION AT DISCHARGE PORT. SELLER’S BANK ISSUES
FULL POP DOCUMENTS TO BUYER’S BANK WITH 2% PERFORMANCE BOND (PB).

A) COPY OF LICENSE TO EXPORT, ISSUED BY THE DEPT OF THE MIN. OF


ENERGY, RUSSIAN FEDERATION.
B) COPY OF APPROVAL TO EXPORT, ISSUED BY THE MINISTRY OF JUSTICE,
RUSSIAN FEDERATION.
C) COPY OF STATEMENT OF AVAILABILITY OF THE PRODUCT.
D) COPY OF THE REFINERY COMMITMENT TO PRODUCE THE PRODUCT.
E) COPY OF TRANSNET CONTRACT TO TRANSPORT THE PRODUCT TO THE
LOADING PORT.
F) COPY OF THE PORT STORAGE AGREEMENT.
G) COPY OF THE CHARTER PARTY AGREEMENT TO TRANSPORT THE
PRODUCT TO DISCHARGE PORT.
H) COPY OF VESSEL QUESTIONNAIRE 88.
I) COPY OF BILL OF LADING.
J) SGS REPORT AT LOADING PORT.
K) DIP TEST AUTHORIZATION (DTA) & ATB.
L) NOR /ETA.
M) CERTIFICATE OF OWNERSHIP TRANSFER
N) ALLOCATION TRANSACTION PASSPORT CODE CERTIFICATE (ATPCC) BY
MINISTRY OF ENERGY

4. SHIPMENT COMMENCES AS PER SIGNED CONTRACT DELIVERY SCHEDULE


AND THE SHIPMENT SHOULD ARRIVE AT BUYER’S DISCHARGE PORT WITHIN 10-25
DAYS. THE SGS INSPECTION WILL BE BORNE BY THE SELLER AT THE LOADING
SEAPORT AND BUYER AT THE UNLOADING SEAPORT.
5. BUYER RELEASES PAYMENT TO SELLER BY TT/MT103 UPON RECEIPT OF THE
SHIPPING DOCUMENTS AND CONFIRMATION OF THE Q & Q BY SGS/CIQ AT
DESTINATION PORT. THE SAME INSPECTION AGENCIES FOR BOTH LOADING AND
DESTINATION PORTS CAN BE AGREED FOR CONGRUENCE.

5. SELLER PAYS COMMISSION WITHIN 48 HOURS BY SWIFT MT103 TO ALL


INTERMEDIARIES AS SIGNED NCNDA/IMPFA, AND FURTHER CONTINUE THE
AGREEMENTS WITH R&E.

7. BUYER AND SELLER SIGN YEARLY CONTRACT AND BUYER ISSUES TOP PRIME
IRDLC/ REVOLVING SBLC

END BUYER / ACCOUNT HOLDER SIGNATURE AND PASSPORT

COMPANY INFORMATION
COMPANY NAME:
COMPANY REG. NO:
MAILING ADDRESS:
COMPANY LOCATION
COUNTRY:
REPRESENTED BY:
POSITION IN
COMPANY:
ID / PASSPORT NO:
NATIONALITY:
TELEPHONE NO:
EMAIL:

BUYER’S BANKING INFORMATION: TRANSACTING BANK


BANK NAME
BANK ADDRESS
BANK OFFICER OFFICIAL
RECIPIENT EMAIL ID
BANK TEL:
SWIFT CODE
ACCOUNT NAME
ACCOUNT NUMBER
SIGNATORY NAME

BUYER’S BANKING INFORMATION: PRIME SBLC/IRDLC ISSUING BANK


BANK NAME
BANK ADDRESS
BANK OFFICER OFFICIAL
RECIPIENT EMAIL ID
BANK TEL:
SWIFT CODE
ACCOUNT NAME
ACCOUNT NUMBER
SIGNATORY NAME
ANNEX 1.
BUYER’S SPECIFICATION

ANNEX 2.
CIS WITH PASSPORT AND BUSINESS REGISTRATION CERTIFICATE
COMPANY PROFILE

ANNEX 3.
INDICATE WITH *DLD if applicable OR Vessel deliveries per month.
* Whereby the product needs to be delivered or discharged in 2 different country or port
locations, additional shipment cost is borne by the Buyer.

PROPOSED SHIPPING / LIFTING SCHEDULE

MONTH YEAR QUANTITY/MT DISCHARGE PORTS

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy