INTERNATIONAL CORPORATE PURCHASE ORDER

Buyer’s Company Letterhead

Irrevocable Corporate Purchase Order

Date: [must be less than 5 days old]

Buyer:

TO: The Seller
Via Mr Haydn

I/We, ______________________________, acting with full legal & corporate authority & responsibility hereby state & confirm under penalty of perjury that we are Ready Willing & Able to purchase the following commodity as per the conditions stated below:

Product : D2
Origin : Russian Federation
Monthly Quantity : 5,000,000mt
Total Quantity : Spot
Target Price : 490/470
Total Face Value : 2,450,000,000
Destination port : Please note

Terms :

Delivery : To be set out in the contract

Inspection: Quantity & Quality to be determined by SGS.

Payment Terms: Pre-advised IRDLC in US Dollars from One Of The Top 25 International Prime World Banks & revolving for the entire duration of the contract against POP + PBG which will activate the IRDLC.

Performance Bond: 2% of each monthly shipment value to be issued by Seller.

Law: This contract is to be governed by the laws of ICC
(International Chamber of Commerce) 400/500/600 NCNDA Laws

Commission: Buyer shall pay

Inspection: Quantity & Quality to be determined by SGS


NOTE! PLEASE READ THESE PROCEDURES CAREFULLY AND COMPLETE AS DIRECTED. ALL DOCUMENTS WHICH DO NOT COMPLY WILL BE DISREGARDED.



SALES PROCEDURES:

1. Buyer issues a ICPO with Authorization for a soft probe and signed NCND
2. Seller issues a full corporate offer buyer signs, stamps and returns FCO indicating his acceptance to the offer and its terms and conditions
3. Seller issues a sales and purchase agreement. The buyer signs, stamps and returns the document within 5 business days indicating that they accept the contract and its terms and conditions
4. With five (5) banking days after Buyer and Seller exchanged signed sales and purchase agreement, the Buyer opens a financial instrument and then provides the seller with a non-operative financial instrument for approval prior to being forwarded to the seller’s bank
5. Within seven (7) banking days after receipt of the non-operative financial instrument acceptable to the Seller and Seller’s bank, the Seller issues active two (2%) percent performance bond for monthly value of the payment instrument
6. The Letter of Credit becomes fully active after receipt and confirmation of operative financial instrument acceptable to the Seller, the Seller’s bank provides Proof of Product (POP) to Buyer’s bank via swift message
7. Shipments commence as detailed in the final contract within 29-35 days upon activation of Letter of Credit

Soft Probe Authorization

I, ____________________, grant Soft Probe authorization to the Appointed & Authorized Bank Officer from the Appointed Seller’s Bank to contact our banker _______________________ at ________________________ Bank International in order to confirm our buying power sufficient to purchase the aforementioned D2 whole allocation __________ Million Metric Tons with a Total Face Value of US $____________________ ($________________). United States Dollars) Monthly Contract for a period of Twelve Months (One Year Contract).

1. The Soft Probe must be scheduled with permission prior to contacting banker.
2. Seller must first discuss procedures with buyer and confirm soft probe permission.
3. No unapproved or unscheduled calls to the bank.

For Further Credit to:

This document provides the legal basis for the Seller to transfer these terms and parameters for
preparing of the Draft Contract and shall become an integral part of the future Contract and valid for up to 10 Official Open Business Working Days, commencing from the date of issue of this document.


RWA COMMITMENT

Buyer will issue an RWA Commitment Letter. The RWA Document will be issued from our bankers __________________________Bank International (should be one of the top 25 prime international world banks) which will be submitted & lodged with The Seller’s Bank together with the swift MT799 within 24hours of receiving The Seller’s Full Banking Details & contact coordinates including the Appointed Authorized Bank Officer’s Full Name & contact coordinates.








BANKING DETAILS

Beneficiary’s Bank:
Bank Address:
Beneficiary’s Bank SWIFT BIC:
FED Wire:
CHIPS Payment:
Bank Contact:
Direct Phone:
Email:
Beneficiary’s Account Number:
Beneficiary’s Name:
Beneficiary’s Address:

If the bank is not in the list of the top 25 Prime Banks give details of Supporting Bank.






ENTERED INTO THIS _____ DAY OF ____________________________, 2010 BY AND ON BEHALF OF ______________________ (COMPANY).

BUYER:

Name :

Title :

Signature : Company Seal