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Editable template · lawyer review required

Corporate Purchase Order (ICPO), subject to contract

A formal purchase intention many sellers still ask for, written honestly as subject to SPA and KYC.

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TEMPLATE ONLY, NOT LEGAL ADVICE. This is a generic starting point published free by info2fuel. Have a qualified lawyer in your jurisdiction review and adapt it before you sign or send it. info2fuel accepts no liability for its use.

Plain-English note: an ICPO does not bind anyone in practice; a binding deal arises only from a signed SPA. This version says so openly. Don't attach passports or bank statements to an ICPO sent to an unverified seller.

[BUYER COMPANY LETTERHEAD] [DATE] Reference: [ICPO NO.] To: [SELLER LEGAL NAME], [ADDRESS] Attention: [NAME, TITLE]

[BUYER LEGAL NAME] ("Buyer"), registered in [COUNTRY] under number [NO.], with its office at [ADDRESS], hereby confirms that it is ready to purchase the product below from [SELLER LEGAL NAME] ("Seller") on the following terms, subject to (a) satisfactory know-your-customer and sanctions checks on both sides and (b) signature of a mutually agreed sale and purchase agreement (SPA):

  • Product and specification: [PRODUCT, STANDARD AND EDITION]
  • Quantity: [QUANTITY, TOLERANCE, TRIAL/CONTRACT STRUCTURE]
  • Incoterm and place: [FOB/CIF/DAP] [NAMED PORT/TERMINAL], Incoterms® 2020
  • Delivery window: [DATES]
  • Price: [BENCHMARK-LINKED FORMULA OR FIXED PRICE]
  • Payment instrument: [DLC MT700 / SBLC], issued by [BANK NAME] within [X] banking days after SPA signature
  • Inspection: independent load-port Q&Q by [INSPECTOR OR 'mutually agreed inspector'], final and binding
  • Seller to provide before SPA signature: company registration documents, evidence of title or written terminal confirmation of stock, current certificate of quality from an independent inspector

Buyer will not pay any fee, deposit, storage, injection or inspection charge to Seller or any third party before SPA signature. Buyer's banking details will be provided through bank-to-bank channels after SPA signature.

This purchase order is valid until [DATE] and is governed by the laws of [GOVERNING LAW].

For and on behalf of [BUYER LEGAL NAME] Name: [NAME] Title: [TITLE] Signature: ______________________ Date: [DATE]

More templates: NCNDA · IMFPA · LOI · Verification request · Explainers: Procedures · Documents

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