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Sample ICPO Efficient Process

This document is an Irrevocable Corporate Purchase Order from [BUYER NAME] to purchase white refined sugar from Whole World Inc. It specifies the annual and monthly quantities, packaging, price per metric ton, delivery terms, payment terms through an SBLC issued by [BUYER'S BANK], and documents required. The first two shipments would be delivered within 30 days of receiving payment documentation, with subsequent monthly shipments every 30 days.

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Rodrigo Alves
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221 views

Sample ICPO Efficient Process

This document is an Irrevocable Corporate Purchase Order from [BUYER NAME] to purchase white refined sugar from Whole World Inc. It specifies the annual and monthly quantities, packaging, price per metric ton, delivery terms, payment terms through an SBLC issued by [BUYER'S BANK], and documents required. The first two shipments would be delivered within 30 days of receiving payment documentation, with subsequent monthly shipments every 30 days.

Uploaded by

Rodrigo Alves
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Nome (colocar a informacao do comprador que tem a conta do banco que vai abrir a sblc de banco top

50)

IRREVOCABLE CORPORATE PURCHASE ORDER – ICPO

Date: xxxxxxxxx, 2017


Ref/ xxxxxxxx
To: whole world inc , on behalf of seller
Attn: Mr. victor garcia

We, (colocar a informacao do comprador que tem a conta do banco que vai abrir a sblc de banco top 50)
nome, endereco , acting with full corporate responsibility as the BUYER, hereby submit the declaration
that we are Ready, Willing and Able to purchase the product as illustrated below and are the legal
signatory with full corporate power to produce the acceptable banking instruments to activate a valid
sales contract between ourselves and your company.

COMMODITY:
WHITE REFINED SUGAR ICUMSA 45 BRAZIL ORIGIN
Specification: As per in Proforma invoice and draft Contract
Total annually quantity: xxxxxxxxxxxx MT (+/- 5%)
Total Monthly Quantity: xxxxxxxxxxxxx MT (+/- 5%)
Quantity per months: Scheduling for monthly delivery can be organized into the contract. Both sides
agree that the monthly quantity can be increased depending on the buyer's need. This will be regulated
by the signed annex of both sides.
Packing : In new PP bags, 50kg/Containers.
Marking: As arranged by Buyer’s instruction.
Price: Price per Metric Ton shall be USD XXXX per metric ton - Cost, Insurance and Freight (CIF)
Destination port : The destination shall be ANY PORT IN (name or country or name of Port).
Inspection: SGS by seller at loading port.
Delivery period: First Shipment within 30 days after verification and acceptance of the payment
instrument and rest in Every 30 days after Receipt of Payment Instrument to the Seller's Bank.
Performance bond: The Seller bank will issue 2% Performance Bond out of one month value, validity 12
months, after Receipt of Payment Instrument to the Seller (in contracts).
Payment: It will be paid each monthly shipment by Irrevocable SBLC (as guarantee), in the value one
month, validity 12 months, issued by nome (banco que vai abrir a sblc de banco top 50) and paid with
T/T for each monthly shipment.
BUYER’s Bank Information
Buyer Bank:

Informacao complete do buyer


BUYER’S BANKING DETAILS

BANK :

BANK ADDRESS :

ACCOUNT NAME :

ACCOUNT NUMBER :

SWIFT CODE :

IBAN NO :

BANK TEL :

BANK FAX :

BANK OFFICER :

FIRST MONTH - TWO SHIPMENTS:

First shipment:

1. Shipment will be in multiples of 25000MT or 12500MT by seller choice.

2. Delivery terms: CIF XXXXXX port, Country

SPECIFICATION:

WHITE REFINED CANE SUGAR ICUMSA 45 - FIT FOR HUMAN CONSUMPTION


POLARITY AT 20 DEG. CENT. 99.80 % Minimum
SULPHATED ASH CONTENT: 0.04% Maximum by Weight
MOISTURE: 0.04% Maximum by Weight
SOLUBILITY: 100% Dry & free flowing
GRANULOMETRY: Fine
COLOR: Sparkling White. Maximum, 45 ICUMSA
RADIATION: Normal w/o presence of Cesium or Iodine: Certified
SEDIMENT: None
SMELL: Free of any odor
REDUCING SUGAR: 0.05 % Maximum by Weight
SO2: 20 PPM Maximum
SUBSTANCE: Solid, Crystal
MAGNETIC PARTICLES: Mg / kg 4. Maximum
MAX AS: 1 PPM
MAX PS: 2 PPM
MAX CU: 3 PPM
ICUMSA: MAX. 45 ICUMSA, Attenuation Index Units Method
# 4-1978
HPN STAPH AUREUS: NIL
MOLD & YEAST UFC / 10G 10 maximum cubed
POISONOUS: Phytosanitary Certificate
seed / husks: of no radiation, no virus, no insect pats, no
poisonous matter and non genetic and is suitable
for human consumption
Procedures:

1 - Buyer issues ICPO (Irrevocable Corporate Purchase Order).

2 - Seller approves ICPO (including soft probe communications between banks) + Draft Contract is sent
to buyer for acceptance + Proforma Invoices valid for 5 days.

3 - Buyer returns the Draft Contract signed in 3 days’ time.

4 - After return the Contract signed in PDF format, the buyer's bank must issue the SWIFT SBLC MT 760
(Stand by Letter of Credit) as collateral with one month value and 12 months validity and send to the
seller's bank within 5 working days.

6 - After receiving the SBLC, the seller’s bank issue bank POP and 2% Performance Bond first shipment
to the buyer bank within 5 working days.

7 - The form of payment will be through TT against shipment documents. (Bill of Lading).

8 - Delivery starts according to the terms and conditions of contract.

Documents Required by Buyer:

Bill of Lading, three (3/3) copies Commercial Invoice, three (3/3) copies.

Certificate of Origin, three (3/3) copies.

Certificate of Quality and Quantity Issued by SGS, three (3/3) copies

Phytosanitary Certificate, three (3/3) copies

Insurance original, three (3/3) copies

Signature and Seal

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