|
Download Pdf Version
NAME OF BUYER’S COMPANY
Irrevocable Confirmed
Purchase Order
Date:
To:
Dooris…………….
Dear Sirs,
We, BUYER’S COMPANY, of
COMPANY’S FULL ADDRESS
represented by Executive
Director, NAME OF DIRECTOR
hereby declare that we are
ready, willing and able
under the act of perjury to
purchase the following
commodity as specified below
and certify that we have
available full funding for
the purchase:
NAME OF THE PRODUCT:
______________
SPECIFICATIONS OF THE
SUBJECT PRODUCT:-
Specification No:
_______________
Total Quantity:
________________ in MT or
barrels or containers
Destination Port:
_____________________
Rate/Size of Shipment:
________________ in MT or
containers or no. of bags
per month
Packing: _______________
Target Price:
__________________
Terms of Payment:
________________________________________________________
Performance Bond from the
seller (2%)
BANKING DETAILS
Full Name of the Bank:
_____________________________________
Full Address of the Bank:
_____________________________________
_____________________________________
Bank Telephone No:
_____________________________________
Bank Fax No:
_____________________________________
Bank Account No.:
_____________________________________
Bank SWIFT/Sort Code No.:
_____________________________________
Bank Officer:
_____________________________________
We give you our permission
to seek usual Bank
reference.
Full name of the Company:
Full name of signatory:
Executive Director
Yours truly
Date:
……………………………………………
Signed
Bank Comfort Letter
(Also known as BCL)
(BANK MUST BE ONE OF THE TOP
50 PRIME BANKS)
Date:
To
Dooris ………………………..
Dear Sirs,
This is to confirm that our
mutual clients
(namely)…………………………… maintain
a banking account with us.
At their instructions we,
…………………………………………………………(full
name of the Bank) with full
authority and mandate hereby
confirm that the said
clients are willing and
financially able to initiate
the process of purchasing of
___________ tonnes of
___________ during the next
____ months. We understand
that the total value of
imports under the contract,
payment for which is covered
by
______________________payment
mode _______, ___________
basis is in the region of US
$: ___________________ US
Dollars.
We certify that our clients
named above have sufficient
funds and/or have credit
line with our bank to
complete the proposed
transaction within the time
period shown above.
Our clients hereby give
authority to the Sellers to
procure usual banker's
references.
Yours truly
Signed………………………………………………………………
Full name of the signatory
…………………………………………………………………
Designation of the signatory
………………………………………………………………
Clients' Name as written in
account …………………………………………………
Account No …………………………
Bank Telephone No (if not
printed above)
…………………………………………
Bank's fax No
………………………………………………………………………………………
Bank Swift/Sort-Code
…………………………………………………………………………
Bank rubber stamp
Should be submitted on
Banker's Letterhead
SPECIMEN OF THE LETTER OF
READINESS / PRE-ADVISED TO
BE ISSUED
BY THE BUYER’S BANK TO THE
SELLER’S BANK
OUR REF.:
DATE:
BENEFICIARY:
BUYER’S COMPANY
DEAR SIR,
WE, ___ (BUYER’S BANK NAME &
ADDRESS)____, HAVE BEEN
INFORMED AND MADE TO
UNDERSTAND THAT YOU HAVE
CONCLUDED ON ___(CONTRACT
DATE)___ A SALES & PURCHASE
CONTRACT, CONTRACT NO.
_______ (HEREINAFTER
REFERRED TO AS THE
‘CONTRACT’), WITH THE
APPLICANT FOR THE SUPPLY OF
___(QTY)___ METRIC TON PER
MONTH FOR A PERIOD OF
__(CONTRACT PERIOD)_______
OF ___(COMMODITY NAME)__ AT
A PRICE OF __________, AS
STATED IN CLAUSE _____ OF
THE CONTRACT.
ACCORDING TO THE CONTRACT,
THE FULL PAYMENT OF THE
GOODS/PRODUCTS SHALL BE
SECURED BY AN IRREVOCABLE,
CONFIRMED, TRANSFERABLE,
REVOLVING DOCUMENTARY LETTER
OF CREDIT, PAYABLE AT SIGHT
(HEREINAFTER REFERRED TO AS
‘LETTER OF CREDIT’).
WE HEREBY IRREVOCABLY AND
UNCONDITIONALLY WITHOUT
PROTEST OR NOTIFICATION,
CONFIRM TO YOU, AS
BENEFICIARY, THE BANK’S
WILLINGNESS TO IS SUE THE
OPERATIVE LETTER OF CREDIT,
ON BEHALF OF THE APPLICANT,
IN ACCORDANCE TO THE
CONTRACT, WITHIN A PERIOD OF
______ (___) BANKING DAYS
UPON RECEIPT OF THE
FOLLOWING DOCUMENTS.
(1) PROOF OF PRODUCT &
EXPORT APPROVAL
(2) 2% PERFORMANCE BOND
ALL DOCUMENTATION,
PROCEDURES, TERMS AND
CONDITIONS SHALL BE IN
ACCORDANCE TO THE CONTRACT
DOCUMENT.
THIS PRE-ADVISE/UNDERTAKING
IS ISSUED SUBJECT TO THE
INTERNATIONAL PRACTICES
1998, AND THIS IS A
CALLABLE, OPERATIVE
INSTRUMENT. ALL CHARGES
ACCRUE TO THE ACCOUNT OF THE
APPLICANT.
PLEASE URGENTLY ADVISE
BENEFICIARIES FOR ITS
ACCEPTANCE OF THIS PREADVISE/UNDERTAKING.
FOR & ON BEHALF OF
___(BUYER’S BANK NAME &
ADDRESS)___.
(AUTHORISED SIGNATORY) (AUTHORISED
SIGNATORY)
|
