ICPO - Irrevocable Corporate Purchase Order
This is a document drawn up by commercial Buyers, and contains the quantities and type of commodity required, and other conditions that the buyer would like the sale to proceed under. Once submitted to the Seller, this is deemed to be binding and the corporation is obliged to complete the sale.
Specimen: Company letter head. Date:
Company: Company Name. Address: Building , Name str, Office , Post code . City: City name . Country: Country name
Title: Position in company Mr. Name and Family name
Phone: Fax: e-mail:
Irrevocable Corporate Purchase Order (ICPO).
Dear Sirs/ Madam,
We are as Principal stated above legally represented by Position in company Mr. Name and Family name willing to place ICPOvalid until 31.03.20__, and we hereby confirm that we are ready, willing and able to buy the commodity as per the specifications, in the quantity and for the price, as specified in the terms and conditions as stated below:
Goods: ______; Type of packing _______; Origin: ______;
Price: $ ____ CIF Name port, Name country
Quantity: 1000 mt +/- 5%
Carrier: by container
Insurance: yes or no
Shipment(s): 1000 mt per month/ one shipment
Period of delivery (both dates included). From 03.04.2010 Till 30.04.2010
Quality, condition, limits and standards: Please advise quality, standarts, limits etc., Quantity, Quality and Condition and Final at place of staffing, loading, discharging as per Certificates issued by: Name of inspection company
ordered and paid by: Seller or Buyer.
Terms of delivery: please advise by 20 or 40 feet containers, vessels, trucks etc.
Terms of Payment: Please advise terms of payment T/T, CAD, ILC and name of bank
Other condition: Please specify
We hereby nominate Mr. _ as an agent for negotiation conditions of above mentioned shipment on Sellers account.
We understand that all offers, bids and contracts are subject to a successful verification of the availability of funds by the Principal.
For and on behalf of Company Name.
Position in company_____________Name and Family name
Dated and Stamped on: __.__.20__