Corporate Purchase Order International Format - PDF

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Corporate Purchase Order International Format - PDF Powered By Docstoc
					                                 SUGAR business transaction (s).
There are a total of 3 PROCEDURAL OPTIONS available for any interested buyer concerning
documents exchange and payment methods (DESCRIBED ON THE FOLLOWING PAGES).

LEGEND:

ICPO: Irrevocable Corporate Purchase Order

BCL: Bank Capacity Letter

LOA: Letter Of Authorization

BG: Bank Guarantee

NCNDA: Non- Circumvention, Non-Disclosure Agreement

TTM: Table Top Meeting

L/C: Letter Of Credit

SBLC: Standby Letter Of Credit

DLC: Documentary Letter Of Credit

TT: Telegraphic Transfer




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OPTION # 1
PAYMENT TERMS: TRANSFERABLE, REVOLVING SBLC

Irrevocable, Unconditional, Unrestricted, Unencumbered, Divisible, Transferable, Revolving, Stand-By Letter
Of Credit In Favor Of the Seller.

The Irrevocable Revolving SBLC should be issued, confirmed and guaranteed by a top prime world bank
acceptable to the seller. Partial shipments are allowed.

PROCEDURAL TERMS:

1. NCNDA must be signed by parties involved.

2. BUYER issues ICPO with full banking details, BCL, and LOA- freshly dated and signed.

BCL: MUST FOLLOW "BCL FORMAT" DOCUMENT

LOA: MUST FOLLOW "LOA FORMAT" DOCUMENT

3. SELLER issues DRAFT CONTRACT- freshly dated and signed.

4. Within 7-international banking days from receipt of the Agreement from Buyer, all parties involve SHALL
MEET IN PERSON for the final signature on the final contract hard copy.
TTM place and time to be determined by parties involved
OR
Within 3-international banking days from receipt of the Agreement from Buyer, duly signed, sealed
and stamped by the Buyer, the Seller will sign, seal and stamp the Agreement and issue to the Buyer
the AFFIDAVIT as per Article 13A of this Agreement .

5. Within 3-international banking days from receipt of the Agreement from Buyer, duly signed,
sealed and stamped by the Buyer, the Seller will sign, seal and stamp the Agreement and issue to the
Buyer the AFFIDAVIT as per this Agreement.

6. Within 3- international banking days of signing and exchanging this Agreement and from receipt of the
AFFIDAVIT from Seller to Buyer, the Buyer´s bank will issue in favor of the Seller the Irrevocable,
Revolving Stand- By of Letter of Credit as per Article 13 of this Agreement and to the value of USD$
XXXXXX (XXXX United States Dollars). The Irrevocable Revolving SBLC is issued, confirmed and
guaranteed by a top world prime bank acceptable to Seller, in accordance with Article 13 of the Agreement.

7. Within 7- international banking days of signing and exchanging this Agreement and from receipt of the
Irrevocable Revolving SBLC in accordance with Article 13 of this agreement, Seller´s bank will issue to
Buyer´s Bank the Proof of Product (POP) by SWIFT MT-799.

8. Within 10- international banking days from the receipt, verification and authentication of Buyer´s
Irrevocable Revolving SBLC at Seller´s Bank, the Seller will issue a 2% Performance Bond (PB) for the value
of the Irrevocable Revolving SBLC.

9. The Initial Shipment of 12,500 M/T, 25,000 M/T, or 50,000 M/T product loads within 30-45 days from
the date of receipt, verification and authentication of Buyer´s Irrevocable Revolving SBLC for total
funds of USD$ XXXXXX (XXXX United States Dollars) at Seller´s Bank, and continues until the
Agreement quantity is shipped and delivered.

10. Payment will be released to the Seller upon negotiation of shipping documents at the Seller´s
bank. Partial shipments are allowed.

11. Within 21- days of Buyer and Seller signing the Agreement, the Buyer will advise the Seller in writing the
particulars of the discharge ports relevant to this Agreement.
NOTES:
 OPTION #1 IS THE ONLY OPTION FOR CONTRACTS LESS THAN 1 MILLION
M/T PER YEAR - SBLC MUST BE FULLY FUNDED


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OPTION # 2
PAYMENT TERMS: TRANSFERABLE, REVOLVING, DLC + 1 MONTH BG or 1 MONTH SBLC
 1 MONTH BG/ SBLC – to be operative for the entire length of contract and pay last month
shipment AND an Irrevocable Revolving DLC for the balance of the Contract.

The Irrevocable Revolving DLC and 1 MONTH BG/ SBLC should be issued, confirmed and
guaranteed by a top prime world bank acceptable to the seller. Partial shipments are allowed.

PROCEDURAL TERMS:

1. NCNDA must be signed by parties involved.

2. BUYER issues ICPO with full banking details, BCL, and LOA- freshly dated and signed.

BCL: MUST FOLLOW "BCL FORMAT" DOCUMENT
LOA: MUST FOLLOW "LOA FORMAT" DOCUMENT

3. SELLER issues DRAFT CONTRACT- freshly dated and signed.

4. Within 7-international banking days from receipt of the Agreement from Buyer, all parties involve
SHALL MEET IN PERSON for the final signature on the final contract hard copy. TTM place and time
to be determined by parties involved
 OR
 Within 3-international banking days from receipt of the Agreement from Buyer, duly signed, sealed
and stamped by the Buyer, the Seller will sign, seal and stamp the Agreement and issue to the Buyer
the AFFIDAVIT as per Article 13A of this Agreement .

5. .

6.    Within 3- international banking days of signing and exchanging this Agreement and from receipt
of the AFFIDAVIT from Seller to Buyer, the Buyer´s bank will issue in favor of the Seller the Irrevocable,
Fully Funded SBLC (or BG) as per Article 13 of this Agreement and to the value of USD$ XXXXXX
(XXXX United States Dollars) and also the he Irrevocable Revolving DLC as per Article 13B of this
Agreement and to the value of USD$ XXXXXX (XXXX United States Dollars).

7.    The Irrevocable Fully Funded SBLC (or BG) is issued, confirmed and guaranteed by a Top
world prime bank acceptable to Seller, in Accordance with Article 13 of the Agreement. The
Irrevocable Revolving DLC is issued, confirmed and guaranteed by a Top world prime bank acceptable
to Seller, in Accordance with Article 13 of the Agreement.

8.   Within 7- international banking days of signing and exchanging this Agreement and from receipt
of the Irrevocable Revolving Fully Funded SBLC (or BG) and Irrevocable Revolving DLC in
accordance with Article 13B of this agreement, Seller´s Bank will issue to Buyer´s Bank the Proof of Product
(POP) by SWIFT MT-799.

9. Within 10- international    banking days from the receipt, verification and authentication of Buyer´s
Irrevocable Revolving Fully Funded SBLC (or BG) an Irrevocable Revolving DLC at Seller´s Bank, the
Seller will issue a 2% Performance Bond (PB) for the value of the Irrevocable Revolving DLC.

10. The Initial Shipment of 12,500 M/T, 25,000 M/T, or 50,000 M/T product loads within 30-45 days from
the date of receipt, verification and authentication of Buyer´s Irrevocable Revolving Fully Funded SBLC
(or BG) for total funds of USD$ XXXXXX (XXXX United States Dollars) and Irrevocable Revolving DLC for
total funds of $ XXXXXX (XXXX United States Dollars) at Seller´s Bank, and continues until the Agreement
quantity is shipped and delivered.

11. Payment will be released to the Seller upon negotiation of shipping documents at the Seller´s bank.
Partial shipments are allowed.

12. Within 21- days of Buyer and Seller signing the Agreement, the Buyer will advise the Seller in writing the
particulars of the discharge ports relevant to this Agreement.


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OPTION # 3
PAYMENT TERMS: TT SWIFT WIRE PAYMENT FOR EACH SHIPMENT + TRANSFERABLE,
REVOLVING, 3 MONTHS BG OR SBLC FOR LAST 3 MONTHS.
3 MONTHS BG or SBLC – to be operative for the entire length of contract and pay last three (3)
months shipments and for the balance of the Contract, payment by way of (TT) swift wire transfer for each
delivery.
The 3 Month BG or SBLC should be issued, confirmed and guaranteed by a top prime world bank
acceptable to the seller. Partial shipments are allowed.

PROCEDURAL TERMS:

1. NCNDA must be signed by parties involved.

2. BUYER issues ICPO with full banking details, BCL, and LOA- freshly dated and signed.

BCL: MUST FOLLOW "BCL FORMAT" DOCUMENT

LOA: MUST FOLLOW "LOA FORMAT" DOCUMENT

3. SELLER issues DRAFT CONTRACT- freshly dated and signed.
OR

4. Within 7-international banking days from receipt of the Agreement from Buyer, all parties involve SHALL
MEET IN PERSON for the final signature on the final contract hard copy. TTM place and time to be
determined by parties involved Within 3-international banking days from receipt of the Agreement from
Buyer, duly signed, sealed and stamped by the Buyer, the Seller will sign, seal and stamp the
Agreement and issue to the Buyer the AFFIDAVIT as per Article 13A of this Agreement .

5. Within 3- international banking days of signing and exchanging this Agreement and from receipt of the
AFFIDAVIT from Seller to Buyer, the Buyer´s bank will issue in favor of the Seller the Irrevocable, Fully
Funded Prime Bank BG as per Article 13 of this Agreement and to the value of USD$ XXXXXX (XXXX
United States Dollars).

6. The Irrevocable Fully Funded Prime Bank BG is issued, confirmed and guaranteed by a Top world prime
bank acceptable to Seller, in Accordance with Article 13 of the Agreement.

7. Within 7- international banking days of signing and exchanging this Agreement and from receipt of the
Irrevocable Fully Funded Prime Bank BG in accordance with Article 13B of this agreement, Seller´s
Bank will issue to Buyer´s Bank the Proof of Product (POP) by SWIFT MT-799.

8. Within 10- international banking days from the receipt, verification and authentication of Buyer´s
Irrevocable Fully Funded Prime Bank BG at Seller´s Bank, the Seller will issue a 2% Performance
Bond (PB) for the value of the Irrevocable Fully Funded Prime Bank BG .

9. The Initial Shipment of 12,500 M/T, 25,000 M/T, or 50,000 M/T product loads within 30-45 days
from the date of receipt, verification and authentication of Buyer´s Irrevocable Fully Funded Prime
Bank BG for total funds of USD$ XXXXXX (XXXX United States Dollars) at Seller´s Bank, and continues
until the Agreement quantity is shipped and delivered.

10. Payment will be released to the Seller upon negotiation of shipping documents at the Seller´s bank.
Partial shipments are allowed.

11. Within 21- days of Buyer and Seller signing the Agreement, the Buyer will advise the Seller in writing the
particulars of the discharge ports relevant to this Agreement.




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