Sample Documents Required for Transaction
U T R A D E
I C P O ( IRREVOCABLE CORPORATE PURCHASE ORDER )
(Should be submitted on Buyer's Letter head)
Date: (Day, Month, and Year)
To: UTRADE INTERNATIONAL, INC.
ICPO Reference No:
We, (Company Name), acting with full corporate responsibility as the potential buyer hereby submit our formal Irrevocable Corporate Purchase Order to purchase the following goods.
By signing, we state with full legal responsibility that we are ready, willing and able to purchase the product / commodity 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 the supplier / exporter.
Name of the Product / Commodity (Cement, Urea, Iron, etc.):
Specifications (Attach separate page, if necessary):
Quantity: MT/Metric Tones.
Origin: Spain,Turkey,Egypt,South Africa,Brazil
Packing: 50Kg Bags, Bulk,
Destination Port / Country:
Delivery: CIF ASWP
Rate / Size of Shipment (Optional):
Discharge Rate at Destination Port (Optional) : Tones Per Day.
Inspection: By SGS or equivalent at seller's expense.
Target Price: USD CIF-ASWP per Metric Ton.
Payment Terms: L/C
Performance Bond (PB 2%):
Full Name of the Bank:
Full Address of the Bank (Address, City, Zip, Country) :
Phone No : / Fax No:
Bank Telex No: (Optional)
Bank SWIFT / Sort Code No :
Bank's Officer : (Name / Title)
Direct Phone No : Fax No :
Bank Account Holder or Name:
Bank Account No / IBAN:
Confirming Bank Coordinates:
Full Name of the Bank:
Full Address of the Bank (Address, City, Zip, and Country)
International Trade Department Phone No: / Fax No:
Bank's Officer (Name / Title):
Direct Phone No: / Fax No:
We understand that any and all offers and / or contracts are subject to successful seller verification of funds availability. We hereby give our written permission for the seller to seek usual bank reference and to conduct a soft probe of our account.
By signing, we understand all offers are subject to final agreement on the details of Commercial Invoice or other sales contracts.
Full Company Name :
Full Company Address (Address, City, Zip) :
State / Country :
Phone No : / Fax No :
E-mail : @
Web URL (Optional) :
Name of Signatory :
Title of Signatory (Registered CEO or Official Mandate of the Company) :
Dated (Day, Month, Year) :
Signature :
Company Stamp / Seal :
B C L ( BANK COMFORT LETTER )
ON BUYER'S BANK LETTER HEAD
(Including all details: Address, Phone, Fax, E-Mail, etc.)
Date: (Day, Month, Year)
To: UTRADE INTERNATIONAL,INC.
Dear Sirs,
This is to confirm that our mutual clients (namely) maintain a banking account with us and is in good standing with our bank.
At their instructions we, (full name of the bank), with full authority and mandate hereby confirm that the said client is ready, willing and financially able to initiate the process of purchasing of ... tons of ... (product name) for the price of USD ... / MT during the next ...months / years and for the total value of USD ... subject to the seller, completing the Sales & Purchase Contract.
We, (buyer's bank), confirm our ability to issue in due course and after the signing of the Purchase Contract, required ...Letter of Credit (...LC) on behalf of our client and for the benefit of the seller, with full assurance for the full amount of the contract.
We certify that our client named above has sufficient funds and / or have credit facilities with our bank to complete the proposed transaction within the time period outlined in the above referenced contract.
Our client hereby gives authority to the seller to procure usual banker's references from our bank officer ... whose direct phone number is...
Yours truly
signed by a senior level bank officer: Full name of the signatory: Designation of the signatory: Clients' Name as written in account: Account No / IBAN: Bank Telephone No: Bank's Fax No: Bank Swift / Sort-Code:
Bank stamp:
L O I (Letter of Intent)
( This must be on Buyer's Letter head)
Date : (Day, Month, Year)
To: UTRADE INTERNATIONAL, INC.
LOI Reference No :
We (company name) hereby declare and confirm that we are ready, willing and able under the act of perjury and penalty to purchase the following commodity as specified below and certify that we have available full funding for the purchase :
NAME OF THE PRODUCT :
FULL SPECIFICATIONS OF THE SUBJECT PRODUCT :
Quantity : metric tons (minimum shipment 12.500 m/t
Destination Port : ASWP
Contract Duration : 1 / 2 / 3 / 4 / 5 / 6 / 8 / 10 / 12 / 18 / 24 / 36 / 48 / 60 months.
Rate / Size of Shipment in metric tons per month.
Packing: (50Kg or Bulk)
Rate of Discharge at Destination : metric tons per day.
Target Price: ... US$ / MT CIF / C&F /
Terms of Payment (Please specify the type of L/C payment you wish to offer):
BG, SL/C, FFDL/C, FFRL/C, RL/C, DL/C, Joint Venture, Reserved Funds, Confirmed, Irrevocable, Transferable or Non-Transferable, Divisible, 100% payable at sight, from one of 50 World prime Banks.
Performance Bond 2% max. from sellers:
Full Name of the Bank:
Full Address of the Bank:
Bank Telephone No: Bank Fax No :
Bank Account Holder or Name :
Bank Account No / IBAN :
Bank SWIFT / Sort Code / ABA No :
We understand that any and all contracts are subjects to seller's successful soft probe of buyer's account. We hereby give legal authority and grant the right and permission to seller to procure usual bank references and to conduct soft probe of our bank account.
Full Name of the Company:
Full Name of Signatory:
Position of Signatory (Registered CEO of the company):
Yours truly
Signed: ................................
Signed for and on behalf of Company rubber stamp:
LETTERHEAD PAPER OF THE BANK
BANK READY, WILLING AND ABLE (RWA)
BANKS REFERENCE (FROM BUYERS BANK)
DATE:
TO:
Email:
FAX:
“WE ______________________________________________ (BUYERS BANK) HEREBY CONFIRM, THAT OUR CLIENT “NAME OF THE COMPANY”., HAS ARRANGED WITH THIS INSTITUTION TO PAY FOR THE PURCHASE OF THE FULL ALLOCATION OF METRIC TONS OF, COST, INSURANCE AND FREIGHT BASED OF A TOTAL AMOUNT OF US$) UNITED STATES DOLLARS.
WE HEREBY CONFIRM THE PAYMENT WITH A:
1) B/G UNCONDITIONAL IN THE TOTAL AMOUNT OF THE CONTRACT
SINCERELY,
_______________________________ _______________________________
BANK OFFICER BANK OFFICER BANK OFFICER BANK OFFICER
TITLE: TITLE:
DATE: DATE:
PHONE: PHONE:
BANK SEAL
**** TO BE ISSUED ON BANK LETTERHEAD****
END OF DOCUMENTS