Buyer Company Letterhead

ELECTRONIC IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

Date: May 09 2024
ICPO Number: [Unique ICPO Number]

From. Buyer ( company name )

Authorized Representative
Address. Email. phone:
To: Seller:
Certified Mandate: Address.
1. Product Details
Commodity: Diesel Fuel EN590 (I0PPM) Specifications: Refer to Annex A
Monthly Quantity; 100,000 Metric Tons
Total Contract Quantity: 1,200,000 Metric Tons
Contract Period: 12 Months
Starting Month: May 2024
Contract Price per Metric Ton: Total Contract value
2. Delivery Terms
Delivery Terms: CIF ……………………… Port of Loading: Non-sanction country
Port
Port of Discharge:
Shipment Schedule: Monthly deliveries starting May 10. 2024, continuing for the
duration of the contract.
Packing: Liquid Bulk Cargo
Discharging transfer cost to ship or to tank under Buyer expenses and account
3. Payment Terms
Payment Method: MT1O3/TT
Security Payment: irrevocable Letter of Credit payable at sight against sight draft
plus/minus 5% on quantity and amount.
Security Value:
Bank Name: [Bank Name] Bank Address: [Bank Address]
Account Number: [Account Number] SWIFT Code: [SWIFT Code]
Payment Release Conditions: Upon successful inspection by Buyer's SGS at seller's
mother vessel at destination port before discharging, per the monthly schedule.

4. Inspection
Inspection Agency: SGS
 Scope of Inspection: Quality and quantity at the port of destination
 Buyer Company Letterhead

 Costs: All inspection costs borne by the buyer at he seller's mother vessel at
the port of destination

5. Governing Law and Arbitration

Governing Law: United Nations Convention on Contracts for the International Sale of
Goods (CISG)
Dispute Resolution: Any disputes to be resolved through arbitration under the ICC
International Court of Arbitration rules, held in Kuala Lumpur, Malaysia

6. Seller Procedure
Refer to Annex B

7. Electronic Signature and Consent

This ICPO is executed electronically, and it is to be legally binding. The electronic signatures
are considered as valid and binding as original signatures under laws applicable to
international electronic commerce.

Buyer's Authorized Signature:

Name:
Passport No.: [Passport Number]
Position: Company Director Date: April 18, 2024
Company Stamp: [Insert Image or Description of Stamp]

Attachment
Annexes
Annex A: Technical Specifications of EN590 (10PPM)
Annex B: Seller Procedure
Annex C: Buyer DLC Verbiage
Annex D: Passport
Annex E: Company Registration Certificate
Annex F; Commitment Letter
Annex G: Bank Comfort Letter