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IN RED ARE JUST FILLING OUT INSTRUCTIONS AND SHOULD NOT BE IN THE CLIENT S FINAL ICPO. PLEASE SEND US YOUR DRAFT FOR APPROVAL. AFTER YOUR DRAFT IS APPROVED WE WILL PROVIDE CORRECT ADDRESSING OF THE DOCUMENT. IN CASE YOU DO NOT AGREE WITH ANY INFORMATION ON THIS DRAFT, WE WILL NOT BE ABLE TO SERVE YOU. INSTRUCTIONS ARE IN RED Buyer s Ref. Code: Date: To the Sugar Seller Attn. Mr. Gentlemen, We, (BUYING COMPANY), the principal buyer, hereby represented by Mr. , holder of (Country) Passport no.
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Bcl FAQ
Irrevocable Corporate Purchase Order (ICPO)
An offer to buy goods under specified terms and conditions; for example, for misuse.
Buyer issues ICPO with letter of acceptance to seller upon receipt of soft corporate offer. If an ICPO is issued and the document is not honored by either the buyer or the seller, and or is issued fraudulently, we will take the appropriate legal action.
The buyer issues ICPO (Irrevocable Corporate Purchase Order) and RWA/BCL as POF Proof of Funds. Seller / Exporter issues FCO (Full Corporate Offer). Buyer returns signed and stamped FCO. The seller issues the draft contract.
ICPO: Irrevocable Confirmed Purchase Order.
Irrevocable Corporate Purchase Order (ICPO) is a document drawn up by commercial buyers. It contains: the quantities of products required. the type of products required. other conditions that the buyer wants the sale to proceed under.
Buyer issues ICPO with letter of acceptance to seller upon receipt of soft corporate offer. If an ICPO is issued and the document is not honored by either the buyer or the seller, and or is issued fraudulently, we will take the appropriate legal action.
IRREVOCABLE CONFIRMED PURCHASE ORDER (ICPO) : ______________________________ (____________) M.T. per year. : ______________________________ (____________) M.T. per month. : Example: The average price of a commodity the last 7 days, the stock market quotations MATIF (etc.)
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