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ICPO Template for Oil Purchases

This document is an irrevocable confirmed purchase order from a buyer to OJSC "LUKOIL" for an unspecified product. Key details include: - Quantity for the year is unspecified and will be delivered monthly - Price and delivery terms (CIF or FOB) will be mutually agreed upon - Single shipment quantities will be between 100,000 to an unspecified amount of tons - Payment will be made via an irrevocable, transferable, confirmed, and divisible letter of credit paid at 100% upon receipt - Inspection will be conducted by SGS for quantity and quality - A 2% performance bond is required - Bank details for the buyer are provided

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rikytriky
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4K views2 pages

ICPO Template for Oil Purchases

This document is an irrevocable confirmed purchase order from a buyer to OJSC "LUKOIL" for an unspecified product. Key details include: - Quantity for the year is unspecified and will be delivered monthly - Price and delivery terms (CIF or FOB) will be mutually agreed upon - Single shipment quantities will be between 100,000 to an unspecified amount of tons - Payment will be made via an irrevocable, transferable, confirmed, and divisible letter of credit paid at 100% upon receipt - Inspection will be conducted by SGS for quantity and quality - A 2% performance bond is required - Bank details for the buyer are provided

Uploaded by

rikytriky
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Purchase Order Details: Provides details of a confirmed purchase order including product specifics, pricing, payment terms, and signing requirements.
  • Buyer's Bank Information: Includes bank details relevant to the transaction, authorization statements, and legal notes regarding the ICPO.

103 Sham Peng Tong Plaza, Victoria, SeycTel: +38-050-696-41-30 Email: rebco@[Link] [Link]

org

(ON BUYERS LETTERHEAD)


To: Attn.: ICPO__________ ________200__

IRREVOCABLE CONFIRMED PURCHASE ORDER NO_____

We, /name of organization/, on behalf of /full name of the finance manager or director/, acting ground /document giving the right to dispose on behalf of organization/, with the complete responsibility as "Buyer", order the following goods: Product: Origin: The detailed specification: GOST 305-82 Quantity for year: Delivery in a month: The price and Discount: Destination: X,000,000 (XX millions) MT XX0.000 (XX thousand) MT To be mutually agreed upon by Buyer & Seller CIF ASWP (your destination port) or FOB OIL

Single Shipment Quantity: From 100.000 up to ___ tons Payment Conditions: Irrevocable, Transferable, Confirmed, Divisible Automatically Revolving Documentary Letter of Credit Payable 100% at Sight and shall be automatically revolving to the next shipment until completion of the contracted quantity. The RDCL need to be issued from one of the prime world bank. Payment Procedures: According to the terms of the contract, to be mutually agreed upon by Buyer & Seller Transaction Procedures: According to the terms of the contract, to be mutually agreed upon by Buyer & Seller Inspection: SGS for Quantity and Quality

Performance Bond

2%

Buyers bank details: BANK NAME: ADDRESS: TEL./FAX: SWIFT (code): ACCOUNT NAME: ACCOUNT NUMBER: We also give our sanction to SELLER (OJSC LUKOIL) to make inquiry of our solvency concerning the given bargain (Soft Probe, code ..) thus we authorize Bank in the period of validity this ICPO to give the necessary information. Bank Officer: Phone: Fax: _____________________ Signature and stamp E-mail: The given ICPO is a legal basis for transferring by the SELLER of the accepted names and sizes of the project of the prepared contract, and also is an integral part of the future contract. Sincerely, Director _____________________ signature seal

103 Sham Peng Tong Plaza, Victoria, SeycTel: +38-050-696-41-30 Email: rebco@rebco.org http://www.rebco.org (ON BUYERS LETTER
Performance Bond 2% Buyer’s bank details: BANK NAME: ADDRESS: TEL./FAX: SWIFT (code): ACCOUNT NAME:

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