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FCO Form

This letter provides a full corporate offer from [SELLER] to [BUYER] to sell a specified commodity. Key details include a total quantity of [QUANTITY] metric tons to be delivered over [PERIOD] months at a fixed price of [PRICE] per metric ton under CFR terms to port [PORT]. Payment will be made through an irrevocable letter of credit issued by [BUYER]'s bank. SGS or INSPECTORATE will inspect the cargo for quality and quantity at loading and discharge ports.

Uploaded by

Sae Master Desain
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
728 views

FCO Form

This letter provides a full corporate offer from [SELLER] to [BUYER] to sell a specified commodity. Key details include a total quantity of [QUANTITY] metric tons to be delivered over [PERIOD] months at a fixed price of [PRICE] per metric ton under CFR terms to port [PORT]. Payment will be made through an irrevocable letter of credit issued by [BUYER]'s bank. SGS or INSPECTORATE will inspect the cargo for quality and quantity at loading and discharge ports.

Uploaded by

Sae Master Desain
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SELLER’S LETTERHEAD

Country___________________
LOI № ___________________
_____________________, 2012

Subject: FULL CORPORATE OFFER № ___________________

To: ___________________
From: ___________________
Attn: ___________________

Dear ___________________

We, the ___________________, hereby state and represent that we confirm with full legal and
corporate responsibility under penalty of perjury that we are ready, willing and able to sell and
deliver the following unencumbered commodity, as follows:

Commodity : ___________________
Origin : ___________________
Packing: : ___________________
Quality : Export quality
Specification : As per Annex # ___________________
Total quantity : ___________________ (________) M.T. per 2012 year
The total contractual quantity of the commodity sold and purchased
under this agreement is ___________________ (________) total Metric
Ton being ___________________ (________) per annum being:
___________________ (________) Metric Tons per month with a
variation of plus/minus 5% (five percent) of Seller's and Buyer's option.
This specified quantity is equivalent to 1 (one) month's supply to be
repeated for: ___________________ (________) months consecutive
calendar months as referred to in Clause 4 with possible roll-overs and
extensions.
Delivery per month : ___________________ (________) M.T.
Contract period : ___________________ months with Roll & Extension
Terms of delivery : CFR port ___________________
Price : The fixed price to be USD___________________/(________) per
Metric Ton by way of a Transferable Divisible RDLC - CFR port
___________________
Payment : Irrevocable, Documentary, Transferable, Divisible, Revolving Letter Of
Credit, issued by Buyer’s Bank, covering cost of One month shipment.
Buyer’s Bank should be a top 25 World Bank.
Performance bond : ___________________
Procedure : ___________________
FULL CORPORATE OFFER № ___________________

Inspection : Seller and Buyer mutually agree that SGS or INSPECTORATE an


internationally recognized first Class independent surveyor company
shall be appointed at loading and/or discharge ports, to assess the quality
and quantity of the cargo according to the provisions herein stated.
Seller pay SGS or INSPECTORATE inspection cost at loading port.
Cargo Size : According to Contract’s condition. The Seller shall have to arrange
vessel or vessels to the loading port as per lay-can time.
Delivery Date : The date mutually accepted by both Seller and Buyer as the date on
which the nominated international surveyor company has ascertained the
quantity and quality of the product.

Note:

1. All parties including consultants' fees, will be protected by the issuance of an irrevocable fee
agreement and pay order by buyer, including all rolls and extensions of any spa bearing the
same parties, and original transaction code.

2. This FULL CORPORATE OFFER № ___________________ is for the exclusive benefit of


the addressee only and supersedes any previous FCO. This FCO cannot be published or
transferred.

3. This FULL CORPORATE OFFER № ___________________ is valid for a period of ten (10)
days, starting with the date of signature.

For and On Behalf of

_________________________________

Yours faithfully,

_________________________________

President
Passport No: ________________________
Date of issue: ___ ______________, 2012
Country of Origin: ___________________

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