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Date: 18.11.

2008

Irrevocable Corporate Purchase Order (ICPO)

To: _____________ (SELLER)

Dear Sirs,

We, __________________ hereby state and represent that it


________________________ is our corporate intention to purchase the commodity
Used Rails R50 R65 in the quantity and for the price as specified in the Terms and
Conditions stated below. This representation is made with full corporate authority and
responsibility.

COMMODITY: Used Rails R50 R65


ORIGIN: Sellers Option
SPECIFICATIONS: R50–51.67 kg/m
R65–64.72 kg/m
Cut to length of 1.5 meters max
TOTAL/CONTRACT QUANTITY: 1,500,000MT (plus/minus 10%)
Confirmed Quantity
PACKAGING: Bulk
DELIVERY SIZE: 30,000MT (plus/minus 10%) Confirm
Size of Ship Required
MODE OF PAYMENT:
SBLC + T/T AT DESTINATION PORT
BY TOP PRIME BANK.

TARGET PRICE: US$ 270per MT


DESTINATION PORT: CIF ASWP

PERFORMANCE BOND: 2% L/C value


PROCEDURES:

1. Buyer issues Letter of Intent (LOI) or irrevocable Corporate Purchase Order


(ICPO) with banking details.

2. Seller issue’s Full Corporate Offer (FCO)

3. Buyer signs the Full Corporate Offer as token of acceptance and send it bank to the
Seller.

4. Buyer sends LOI and BCL or MT799 that he is capable to purchase his requirement
and that his bank is ready to prepare the SBLC/BG for the agreed monthly shipments
value.

5. Seller’s Bank sends POP (Export License, Certificate of Origin and SGS certificate
for first shipment of 30,000 MT.) to Buyer’s Bank

6. Seller issue’s draft contract to buyer for negotiations.

7. Buyer and Seller sign the final contract after making amendments, if any, also
possible to sign and sealed by the legal court in __________.

8. Fax, E-mail or courier exchanges for hard copy of contract

9. Buyer’s Bank sends non operative SBLC/BG for the value of monthly shipments,
payable against shipping documents at unloading port.

10. Sellers bank will verify send 2% PB.

11. Buyer’s bank will confirm the payment instrument will become operative.

12. If needed visit is allowed buyer at the Loading port at his own expense.

13. Seller prepares shipment within 30–45 days.

BUYER’S INFORMATION
COMPANY NAME:
ADDRESS:

CITY/ZIP:
COUNTRY:

LEGAL REPRESENTATIVE
NAME:
TITLE:
BUYER’S BANK COORDINATES
BANK NAME:
ADDRESS:

CITY/ZIP:
COUNTRY:
BANK TEL:
BANK FAX:
ACCOUNT NAME/NUMBER:
BANK SWIFT CODE:
BANK OFFICER’S NAME:
TITLE:
DIRECT TEL/FAX:

CONFIRMING BANK COORDINTATES (required if Buyer’s Bank is not a


World Prime Bank)
BANK NAME:
BANK CODE:
BIC:

SIGNATURE:

PRINTED NAME:

TITLE:

DATE:

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