ICPO-IRDLC

IRREVOCABLE CORPORATE PURCHASE ORDER Date: (Not more than 3 days old) To: GROUP GLOBAL COMPANY Full name of signatory: Position of signatory: Registered address: Passport Number/Country: We, ______________________ with full legal and corporate responsibility represented by _________________, and with full knowledge of the act of fraud and as Buyer, declare with full corporate responsibility and authority, that we are ready, willing and able to buy the following product as stated below. This Irrevocable Corporate Purchase Order is for the purchase of for construction, grade 42.5 N/R and is not to be circulated and is only for the purpose of this deal. This Irrevocable Corporate Purchase Order (ICPO) is made and entered into record on this day __________20__. 1. Commodity: Grey Portland Cement 42.5 N/R Conform to International Standard according to British Standards BS 12/1996. 2. Quantity: ___________MT 3. Contract Length: 12 Months 4. Destination: CIF –___________ (ASWP). 5. Shipment and Delivery: The above mentioned total quantity shall be shipped in equal monthly proportions of approximately ___________ metric tons +/-5% per calendar month for the 12 month duration of this Agreement. Shipments will be by way of ___________ metric ton vessels. The first shipment will be between 30 and 45 days following confirmation, verification, authentication of an operative payment instrument in a format acceptable to the Seller and the Sellers Bank. 6. Origin: At Seller's choice but not Pakistan, China or Russia. 7. Inspection: By SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE (SGS) inspection services/inspects and verifies the quantity, weight and quality of traded goods. 8. Import Licenses: ∙ The buyer confirms that he holds import licenses to cover imports without any restrictions into the ports of destination as referred to above and that the licenses are valid until at least thirty days after the final shipment referred to into this offer. ∙ Payment of all export licenses, expenses, taxes, duties, loading charges, or any other expense of the loading country will be for Seller’s account unless other Agreements specify differently. ∙ All import expenses including but not limited to: import taxes, levies, any other duties, tariffs, commercial invoices, applicable taxes, consular fees, permits, customs, import clearance, any necessary documentation imposed by the country of destination, discharging and any related expenses & discharge port are for the account of the Buyer, and are the sole responsibility of the Buyer. 9. Certifications: Certificates as GOST, SABS etc are NOT included in the price. 10. Documents for clearing goods and settling payments: ∙ Full set (3/3) of Original Clean on Board Bill of Lading issued marked “freight prepaid”. ∙ Detailed Packing List in triplicate. ∙ Signed commercial invoice in triplicate. ∙ SGS (or equivalent) Certificate of Weight, Quality and Quantity in triplicate. ∙ Certificate of Insurance in triplicate. ∙ Certificate of Origin issued by Chamber Of Commerce and Industry in country of origin in triplicate.    11. Price: $ _____ USD – CIF/ASWP 12. Total Price: $ ___________ USD (______________________ United States Dollars). 13. Packaging: 50kg bags. ∙ Buyer must define the packing or packaging method in the delivery schedule within ten (10) days of signing the contract. Any changes to these initial packing or packaging instructions thereafter can only be done with sixty (60) days notice prior to the scheduled shipment. ∙ Packaging in 50 kg Kraft Brown Paper 6 ply 72 G.S.M. or 5 ply 80 G.S.M. or PP (polypropylene) Outer Laminated Bags, all wet proofed for ocean freight/shipping or woven polypropylene Bulker Bags. ∙ Packaging in 50 kg bag will have markings using English Language of seven (7) lines in black color on one side with the “CEMENT” to be printed in double size of outer six lines, other prints: OPC 42.5 R, date of production, country of origin. ∙ Two percent (2%) of the price per Metric Ton will be charged to the buyer, who will provide the necessary block print, for the personalized printing on the bags containing the cement ∙ Two percent (2%) extra new correctly marked packaging bags to be supplied free of charge to the buyer. ∙ Bags are NOT printed. 14. Insurance: At seller responsibility 110%. 15. INCOTERMS: Unless otherwise specified hearing, INCOTERMS 2000 plus subsequent amendments. 16. Performance Bond: The Seller will issue a 2% Performance Bond. The performance bond will be for 2% of the value of the monthly shipments. 17. Payment terms: Payment trough IRDLC (Can be used till an annual basis of 300.000 MT). As a guarantee for the value of one month shipment, based on the agreed schedule of deliveries for an amount in US dollars sufficient to cover one hundred percent (100%) CIF included, at sight of one month shipment $xxxxxxxxx  USD (xxxxxxxxxxxxxxxxx United States Dollars) (+/-5 %). The Transferable Irrevocable IRDLC should be issued or confirmed and guaranteed by a TOP 100 Prime World bank acceptable to the seller. Partial shipments/drawings are allowed. UCP 600 rules govern this matter. The buyer opens an Operative Irrevocable, Unencumbered, Transferable, Divisible, Confirmed, Revolving Documentary Letter of Credit (IRDLC). This LC shall be revolving to the value of $xxxxxxxxxx USD (xxxxxxxxxxxxxxxxxxxxxx United States Dollars) (+/- 5%) equal to a month’s delivery of MT. This IRDLC will be in place for fourteen months and nine days, based on the agreed schedule of deliveries and listing (name of buyer's Company) as beneficiary, and shall continue revolving for an amount $xxxxxxxxx USD (xxxxxxxxxxxxxxxxxxxxxxx) in USD sufficient to cover one hundred percent (100%) of twelve deliver months’ value, CIF included, at sight of the shipment (+/- 5%) and shall be in force for fourteen months and nine days from the date of signature of contract. AGREEMENT PROCEDURE IRDLC 1. Group Global Company sends SCO. 2. Buyer signs, seals and sends it back to Group Global Company. 3. Group Global Company issues Draft Agreement within 24 hours after receiving the signed SCO. 4. Buyer signs and sends back the Draft Agreement within 72 hours to Group Global Company. 5. Group Global Company sends, after receiving the signed Draft Agreement, the Hard Contract. 6. Buyer, Seller Consortium and Group Global Company will sign the Hard Contract face to face in seller’s office within 7 Calendar days. 7. The transferable IRDLC are to be issued, confirmed and guaranteed by a TOP 100 world prime bank acceptable to the Seller's Consortium. 8. Once the operative IRDLC is in place, Buyers bank will call Sellers bank and will ask the POP through Swift. 9. The initial shipment of product loads within 30-40 days from the date of receipt of the IRDLC Payment will be released to the Seller upon negotiation of shipping documents at the Seller's bank. Partial shipments/drawing is allowed. 10. Within 10 days of Buyer and Seller agreed with the terms and conditions of the Transferable IRDLC, Buyer will point the Seller in writing the particulars of the discharge ports relevant to the next month shipments according to this agreement if not written in the schedule for delivery table below. 18. SPECIFICATIONS: Parameters Grey Portland Cement grade 42.5 R/N Standard British Standards BS 12/1996. Origin At Seller’s choice but not Pakistan or China. Chemical Composition Silicon Dioxide (SIO2) 21,00 Aluminium Oxide (AL203)   5,30 Ferric Oxide (FE203)   3,30 Calcium Oxide (CAO) 65,60 Magnesium Oxide (MGO)   1,10 Sulphur Oxide (SO3)   2,70 Loss of Ignition (LOI)   0,90 M Tricalcium Silicate (C3S) 60,00 Dicalcium Silicate (C2S) 15,00 Tricalcium Aluminate (C3A)   8,05 Tricalcium Alumino Ferric ( C4AF)   9,76 Physical and Mechanical Properties Blain CM2/GR 3,25 Autoclave Expansion 0,02 Initial Setting Time (VICAT) 105 minutes Final Setting Time (VICAT) 135 minutes Compressive strength 03 days – 230 kg/cm2 07 days – 305 kg/cm2 28 days – 420 kg/cm2 BUYER’S INFORMATION: NAME: POSITION: COMPANY NAME: ADDRESS: CITY/ZIP: COUNTRY: TELEPHONE: FAX: E – MAIL: BUYER’S BANK INFORMATION: ISSUING BANK: CONFIRMING BANK: BANK NAME: ADDRESS: CITY/ZIP: BANK SWIFT CODE: ACCOUNT NAME: ACCOUNT NUMBER: BANK TEL: BANK FAX: BANK OFFICER NAME: BANK OFFICER EMAIL: If not in top 50 world banks, it is obligatory to fill bank of the buyer below data bank correspondent top 50 world banks. We _____________ are acting with full corporate responsibility. By sending this Irrevocable Corporate Purchase Order we state with full legal responsibility that we are irrevocably ready, willing and able to purchase the product as explained and legal signatory with full corporate power and are aware that this Irrevocable Corporate Purchase Order is the only current active and valid Irrevocable Corporate Purchase Order and has been exclusively offered to GROUP GLOBAL COMPANY, for the release of the Soft Corporate Offer  or Draft Agreement. For and on behalf of (Buyer’s Company Name) SIGNATURE: NAME: TITLE: DATE: CORPORATE  STAMP / SEAL SHIPPING SCHEDULE (Non USA sanctioned port and maximum 12 months) STARTING MONTH SHIPMENT SIZE SHIPMENTS PER MONTH TOTAL MONTHLY QUANTITY PREFERRED PORT OF DESTINATION ALTERNATIVE PORT OF DESTINATION TOTAL