IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

EVERYTHING IN BOLD RED SHOULD BE REMOVED, THEN ADD THE REQUIRED INFO.

(INSERT BUYER’S COMPANY LETTER HEAD AND COMPLETE CONTACT DETAILS HERE)

THIS DOCUMENT IS THE RECOGNIZED FORM FOR AN IRREVOCABLE CONFIRMED PURCHASE ORDER ACCORDING TO RULES OF INTERNATIONAL SALES, AS AGREED, PER ICC 500 REGULATIONS.

DATE: (INSERT DATE) MONTH/DAY/YEAR

TO: END SELLER

SUBJECT TO SATISFACTORY CONTRACT NEGOTIATIONS, WE, (INSERT BUYER COMPANY NAME)______________________________________, REPRESENTED BY (INSERT BUYER REPRESENTATIVE NAME & TITLE) _____________________________________________, WITH FULL CORPORATE AUTHORITY AND LEGAL RESPONSIBILITY, HEREBY CONFIRM THAT WE ARE READY, WILLING AND ABLE TO BUY THE COMMODITY, SUGAR, ICUMSA 45 AND ISSUE THIS IRREVOCABLE CORPORATE PURCHASE ORDER UNDER THE FOLLOWING TERMS AND CONDITIONS:

COMMODITY : ICUMSA 45
ORIGIN : BRAZIL
FREQUENCY : XXX,XXX MT X XX MONTH(S)
TOTAL QUANTITY : XXX,XXX METRIC TONS
TYPE/GRADE : ICUMSA 45
SHIPMENT MODE : BULK
LOADING PORT : SANTOS, BRAZIL OR AWSP IN BRAZIL
DELIVERY PORT(S) : AWSP
PRICE : $XXX per MT
MONTHLY CONTRACT PRICE : $XXX,XXX,XXX
TOTAL CONTRACT PRICE : $XXX,XXX,XXX
PAYMENT: INSERT CHOICE: NON- TRANSFERABLE IRDLC’S, BG’S, MT-103 OR TT WIRE

PAYMENT TERMS:
THE BUYER WILL ISSUE A NON-TRANSFERABLE IRREVOCABLE REVOLVING DOCUMENTARY LETTER OF CREDIT AND, WHICH IS PAYABLE 100% AT SIGHT WITH PRESENTATION OF SHIPPING DOCUMENTS TO THE BUYERS BANK FROM THE LOADING PORT.
BUYER MUST ACCEPT SELLERS PROCEDURES BELOW. NON-NEGOTIABLE
PROCEDURES:
• BUYER ISSUES LOI TO SELLER
• SELLER MANDATE PREPARES FCO
• BUYER APPROVES FCO RETURNS WITH BCL, OR BANK STATEMENT, OR TEAR SHEET OR ANY OTHER DOCUMENT THAT PROVES FUNDS ARE AVAILABLE. (SOFT PROBES ARE NOT ACCEPTED).
• BUYER SEND SAMPLNG OF VERBIAGE OF INSTRUMENT FOR APPROVAL
• SELLER'S MANDATE ISSUES CONTRACT TO BE SIGNED BY BUYER
• BUYER AND SELLER EXCHANGE HARD COPIES
PAGE 1 OF 3




• BUYER ISSUES PRE-ADVICE LETTER OF CREDIT
• SELLER ISSUES 2% PB AND SHOWS POP
• SHIPPING COMMENCES



ICUMSA 45 SPECIFICATIONS:

WHITE REFINED SUGAR - SHALL CONFORM WITH THE FOLLOWING SPECIFICATIONS AND/OR INTERNATIONAL STANDARD SPECIFICATIONS, FIT FOR HUMAN CONSUMPTION
ICUMSA : 45 RBU
POLARITY AT 20ºC: 99.80º MINIMUM
SULPHATED ASH CONTENT: 0.04% MAXIMUM BY WEIGHT
MOISTURE: 0.06% MAXIMUM BY WEIGHT
MAGNETIC PARTICLES: MG/KG 4
SOLUBILITY: 100% DRY & FREE FLOWING
GRANULOMETRY: STANDARD EXPORT
ICUMSA: COLOUR 45 ICUMSA ATTENUATION INDEX UNITS (METHOD #10-1978) MAXIMUM
AS: 1 P.P.M.
COLOUR: BRILLIANT WHITE
REDUCING SUGAR: 0.010% MAXIMUM IN DRY MASS
RADIATION: NORMAL W/O PRESENCE OF CESIUM OR IODINE SO2: MG/KG 70
HEAVY METALS, TOXIC ELEMENTS MAXIMUM MG / KG BASIS
ARSENIC 0.50 CADMIUM 0.05 COPPER 1.00
LEAD 1.00 MERCURY 0.01 ZINC 3.00
PESTICIDE TRACES MAXIMUM MG / KG BASIS
DDT 0.005 PHOTOXIN 0.01 HEXACHLORAN GAMMA ISOMER 0.005
MICROBIOLOGICAL LIMITS
PATHOGENIC BACTERIA INCLUDING SALMONELLA PER 25 GRAM: NIL. BACILLUS PER GRAM: NIL

BUYER COMPANY NAME & ADDRESS:



ENTITY TYPE:
REGISTRATION NUMBER:
REGISTRATION COUNTRY:
AUTHORIZED OFFICER NAME:
AUTHORIZED OFFICER TITLE:
PHONE NUMBER & FAX NUMBER:
E-MAIL:







PAGE 2 OF 3








BUYER BANK NAME & ADDRESS:



SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NUMBER:
BANK OFFICER NAME & TITLE:

PHONE NUMBER:
FAX NUMBER:
E-MAIL:

BUYER CONFIRMING BANK NAME & ADDRESS: (IF NEEDED)



SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NUMBER:
BANK OFFICER NAME & TITLE:
PHONE NUMBER:
FAX NUMBER:
E-MAIL:


INSERT BUYER COMPANY NAME
INSERT BUYER REP.NAME TYPES & SIGNATURE
INSERT BUYER REP.TITLE INCLUDE COMPANY STAMP





0506665290

PIN:2729A5BA





PAGE 3 OF 3