Company Letterr head

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

Date : .
Attn : Name.
( Company. )

Dear Sir,

We are from PT (Company ...... ) and represent that it is our corporate intention
to purchase the commodity GAS OIL (D2 - contoh) name of commodity RUSSIAN
GAS OIL D2 L-0.2-62 (GOST305-82) - contoh 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:
ORIGIN:
SPECIFICATIONS:
QUANTITY:
TOTAL QUANTITY
CONTRACT LENGTH
TARGET PRICE:
DESTINATION PORT:
INSPECTION:
PAYMENT:

SPECIFICATIONS
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 Company Letterr head
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

CONTOH ICPO PROCEDURE

1. Buyer confirms acceptance of Procedure, issues ICPO with this procedure

incorporated on the ICPO.

1. Then Buyer sends Bank Comfort Letter (BCL) confirmation by

SWIFT Via MT 799 to seller's Bank referring to issued ICPO

2. Seller issues the Sales & Purchase Agreement (SPA) & NCNDA/IMFPA and sends
it to the Buyer, Buyer returns the Sales & Purchase Agreement (SPA) &
NCNDA/IMFPA duly signed and signed contract at singapore

3. Seller pay for Registration and legalization of the Full Draft Contract to the
Russia Ministry of Energy.

4. Seller registers, legalizes and notarizes the Sales & Purchase Agreement (SPA)
with the appropriate authorities, charges are paid by Seller.
5. Seller sends to Buyer through Governmental Secured & Insured Courier Service
GSICS the Registered, Legalized and Notarized Hard Copy Sales & Purchase
Agreement (SPA) along, the courier and notary charges shall be paid by the
Seller.;

* Title Certificate of Ownership Holder by the Ministry of Energy Russian

Federation (Minergo).
* Title Transfer Affidavit Certificate by Notary Public & Chamber of Commerce
Russian Federation
* Attestation of Allocation Memorandum by the Ministry of Energy & Justice
Russian Federation.
* Ministry of Energy Attestation.
* Certificate of Approval by the Ministry of Energy, Russian Federation.
* Legalized Attestation Act of Transfer.
* Legalized & Notarized Deed of Assignment / Transfer of Rights by the
Notary Public.

6. Seller issues and sends Legalized & Notarized Soft Proof of Product (Soft POP) to
the Buyer via email. The Soft POP consists of the following Documents:
* Company Registration Certificate of Incorporation.
* Certificate of Origin of the Product.
* Commitment to Supply.
* Statement of Product Availability.
* Product Analysis Report (Test Analysis Report as per Russ Standard GOST
R).
* Certificate of Conformity of the Product.
* Seller Affidavit.
* Copy of Approval to Export, issued by the Ministry of Justice, Russian
Page 2 of 4
 Company Letterr head
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)
Federation.
* Copy of License to Export, issued by the Ministry of Energy, Russian
Federation.

Buyer sign the each page Full Draft Contract, return to seller

7. Seller submits all documentation stating Buyer as legal Title Holder and
Owner of Allocation to the shipping company. Seller and Buyer signs the
Charter Party Agreement (CPA) with the Shipping Company. Buyer finalizes
the shipping schedule with the Shipping Company and then informs Seller of
their readiness to receive the first batch shipment.

8. Buyers bank issues SBLC MT760 or DLC MT700 to Sellers bank

covering the first month shipment face value. Sellers bank responds
with 2% Performance Bond.

9. Seller and Buyer lodges the Sales & Purchase Agreement (SPA) with their
respective Banks. Sellers bank issues to Buyers bank the FULL POP
Documents including SGS Report and Dip Test Authorization.

10.Delivery commences as per contract. Upon arrival of the cargo at the

discharge port and after SGS/CIQ at the discharge port, payment is effected
Via MT 103 against presentation to Buyer's bank of complete set of export &
shipping documents.

11. Seller pays all intermediaries/facilitators involved in the transaction within 48

hours.

Page 3 of 4
 Company Letterr head
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

BUYERS INFORMATION
COMPANY NAME PT. .____

ADDRESS Jl.

CITY, STATE, ZIP CODE

COUNTRY
EMAIL ..
PHONE NUMBER +62.
BUYER REPRESENTATIVE
TITLE/POSITION
BUYERS BANK COORDINATES
BANK NAME

ADDRESS

CITY, STATE, ZIP CODE

COUNTRY
BANK TEL
BANK FAX
EMAIL
ACCOUNT NAME
ACCOUNT NUMBER
BANK SWIFT CODE
BANK OFFICERS NAME
TITLE
DIRECT TEL/FAX

For and on behalf of;

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