IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)



Validity of ICPO: 5 banking days

Date:19.04.2012

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

TO: LAST SELLER

Dear sir,

We, ………………………… hereby confirm with full legal and corporate responsibility, and under penalty of perjury, that we are ready willing and able to buy the following goods under the terms and conditions stated herein:

COMMODITY: WHITE REFINED CANE SUGAR ICUMSA 45

ORIGIN: BRAZIL

PACKAGING: 50 KGS POLYPROPYLENE INNER

DURATION: TWELVE (12) MONTHS

QUANTITY: xx0.000 MT

MONTHLY SHIPMENT: xx.x00 MT X 12 MONTHS

TARGET PRICE: xx0,00 USD Per Metric Ton

DESTINATION PORT: CIF -ASWP

PAYMENT: IRREVOCABLE, TRANSFERABLE DLC PAID 100% AT SIGHT AGAINST PRESENTATION OF SHIPPING DOCUMENTS STANDARD

INSPECTION:

QUANTITY, QUALITY, WEIGHT BY SGS OR EQUIVALENT AGENCY AT SELLER'S COST AT PORT OF LOADING

SHIPPING:TO BE CONFIRMED BY THE SELLER

BUYERS BANK WILL OPEN BG/ TDLC/ARDLC IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE, THE SUM OF $ XXXXXXX USD-/ COVERING THE MONTHLY SHIPMENT QUANTITY PAYABLE 100% AT SIGHT ON PER SHIPMENT TO SHIPMENT BASIS WITHIN 05 (FIVE) INTERNATIONAL BANKING. IT VALIDATES FOR 14 MONTHS.

SPECIFICATIONS

THE COMMODITY SHALL BE CORRESPONDING AS PER INSPECTION CERTIFICATE ISSUED BY SGS AT PORT OF LOADING, CONFORMING TO THE FOLLOWING INTERNATIONAL STANDARDS AND SPECIFICATIONS, FIT FOR HUMAN CONSUMPTION:

-POLARIZATION: 99.80 Degrees min.

-ASH CONTENT: 0.04 Ma*.

-ICUMSA: 45 RBU

-SOLUBILITY: 100% Dry and Free Flowing

-COLOR: Sparkling White. Maximum 45 Icumsa attenuation index units

-RADIATION: Within internationally accepted limits.

-GRANULATION: Fine to Medium

-MOISTURE: 0.4% Max.

-MAGNETIC PARTICLES: 4Mp/k

-S02: 70 Mg/k

-ASH BY ELECTRICAL CONDUCTIVITY: 0.04% Max. [on dry weight basis]

-SULPHUR DIOXIDE: 20 mg/kg Min.

-SEDIMENTS: None.

-SMELL: Free of any Smell

-REDUCING SUGAR: 0.05% Max. By weight.

-HPN STAPH AUREUS: Nil.

-MAX AS: 1 P.P.M.

-MAX PS: 2 P.P.M.

-MAX CU: 3 P.P.M.

-SUBSTANCE: Solid Crystal

PHYTOSANITARY CERTIFICATE OF NO RADIATION, NO VIRUS, NO INSECT PARTS, HUSKS. NO POISONOUS MATTER AND NON GENETIC AND IS SUITABLE FOR HUMAN CONSUMPTION

PROCEDURES:

1. BUYER SENDS "ICPO+ BCL+NCNDA".

2. SELLER ISSUES FULL CORPORATE OFFER (FCO)

3. BUYER SIGNS (on each page) FCO AND RETURNS TO THE SELLER

A. Seller sends draft contract to buyer via e-mail, fax or courier. Once agreed upon by buyer and seller, neither party will change the wording on the official & final contract.

B. Buyer sends signed and sealed draft contract accepting price and procedures via e-mail, fax or courier with passport copy. (within 7 (seven) day the draft contract must be returned if the draft contract is not returned to the seller at the deadline, contract shall be considered null).

C. Seller reply with signed and sealed draft contract (signed and sealed on all pages) via e-mail, fax or courier to buyer with passport copy.

D. Seller sends final sales and purchase contract to buyer via e-mail, fax or courier.

E. Buyer sends signed and sealed final sales and purchase contract to seller (signed and sealed on all pages) via e-mail, fax or courier. (within 3 (three) if the final contract is not returned to the seller at the deadline, contract shall be considered .

F. Seller reply with signed and sealed final sales and purchase contract (signed and sealed on all pages) via e-mail, fax or courier

G. Buyer sends to seller signed and sealed in all pages three (3) hard copies via courier (DHL or similar)

H. After the contract is returned to buyer, seller will render the pro forma invoice and send to buyer via email, fax courier for the total amount of the documentary letter of credit (DLC)

I. The buyer, within 3 banking days from receipt of the invoice, will ask his bank to the bank for a draft of the text for the DLC and send it to the seller's bank. Copy of it will be delivered by mail, fax, email to the seller to arrange with his bank that is adapted to the provisions of this contract and the seller's interests. The bank seller will accept or reject the text.

J. Seller send to buyer signed and sealed in all pages three (3) hard copies via courier (DHL or similar)

K. After the text of the DLC is accepted by the bank of the seller, the buyer will order at bank not later than three banking days to issue the DLC XXXXXXXXXXXX amounting to USD at favor of the seller, or sent to the seller's bank with the text specified by the seller's bank. The DLC shall be irrevocable, divisible, assignable and transferable, provided the pay one hundred percent (100%). When the DLC is issued (no activated) by the buyer the seller will issue the 2% PB + POP and then the DLC will be activated.

L. Vendor Shipments will begin according to the official schedule of deliveries to the buyer. The seller sent an invoice for each shipment email, fax or similar the purchaser and the delivery schedule and shipping availability.

Banking Details

Name of the Bank :

Bank Address:

Swift Code :

Bankofficer:

Tel:

Fax:

E-mail:

Company details

Full Company Name:

CEO:

Address :

Tel:

E-mail:

Registration Number:

Representative:

This ICPO is the only current active ICPO and has been exclusively offered to Seller for the release of the Draft Contract. This ICPO voids any and all other ICPOs currently in circulation for this quantity and product.

FOR THE BUYER:

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