ICPO (Irrevocable Corporate Purchase Order) for crude oil:
[Buyer’s Company Logo] [Buyer’s Company Name] [Buyer’s Address] [Buyer’s Date]
[Seller’s Company Name] [Seller’s Address]
ICPO No: [Insert ICPO Number]
IRREVOCABLE CORPORATE PURCHASE ORDER
We, [Buyer’s Company Name], hereby issue this Irrevocable Corporate Purchase Order to purchase crude oil from [Seller’s Company Name] as follows:
1. Product: Crude Oil 2. Quantity: [Insert quantity in barrels] 3. Grade: [Insert grade, e.g. Brent, WTI, etc.] 4. Price: [Insert price per barrel] 5. Delivery: FOB [Insert loading port] 6. Payment: [Insert payment terms, e.g. wire transfer, letter of credit] 7. Delivery Period: [Insert delivery schedule]
We confirm that this ICPO is irrevocable and that we are committed to purchase the said crude oil according to the terms and conditions stated above.
Please confirm your acceptance of this ICPO by signing and returning a copy of this document to us.
Signed:
[Buyer’s Authorized Signatory]
[Buyer’s Company Seal]
Note: This is just a sample and should be reviewed and customized according to the specific needs and requirements of the buyer and seller. Legal advice is recommended before issuing or accepting an ICPO.
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