Sunday, May 20, 2012
             

Commodity Broker

This Code of Practice is for the guidance of Brokers and their clients engaged Trades. It sets out the ideal procedures to follow and failure to comply with the Code does not in itself invalidate a contract or agreement between two contracting parties.

Soft Offer

Specimen

Company letter head

Company Name:
Address:
Phone:
Fax:
e-mail:

Date:

Soft Offer valid until _____

Dear Sirs/ Madam,

We are as Principal stated above legally represented by ___________ confirm with full legal and corporate responsibility under penalty of perjury, that we are ready, willing and able to sell the commodity as per the specifications, in the quantity and for the price, as specified in the terms and conditions as stated below:

NCNDA

NCNDA of ICC
INTERNATIONAL CHAMBER OF COMMERCE (I.C.C.) NON-CIRCUMVENTION, NON-DISCLOSURE WORKING AGREEMENT

WHEREAS, the undersigned wish to enter into this agreement to define certain parameters of the future legal obligations, are bound by a duty of confidentiality with respect to their sources and contacts.
WHEREAS, the undersigned desire to enter a working business relationship to the mutual and common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (herein after referred to as affiliates).
NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other good and valuable considerations, the receipts of which is acknowledged hereby, the parties hereby agree as follows:

Contract for Service

Contract for service: 1.  Place: Odessa, Ukraine. Dated: 01st of September 20__

Principal: JV ,  
Represented by Mr.__, Director, acting in accordance with Statute, on the one part, and

Executor: Private Entrepreneur Person (PEP) Mr. ___, acting on the basis of Certificate on the other hand, have concluded the present Contract as follows:

Inquiry for Service

Company Letter Head. Date:
Company: Ltd. Address: 1, str., City: _ Country: _
Director: _ Mr. _
Phone: Fax: e-mail:

Inquiry (I) valid until _/_/__

Dear Sirs/ Madam,

We, A Ltd., legally represented by Director Mr. _ willing to inquiry for service in following:

Brokerage

This Code of Practice is for the guidance of Brokers and their clients engaged Trades. It sets out the ideal procedures to follow and failure to comply with the Code does not in itself invalidate a contract or agreement between two contracting parties.

This Code of Practice is for the use of Brokers who have negotiated the confirmation terms of a contract between sellers and buyers using as a basis and incorporating the appropriate standard contract terms.
Where there is one Broker to a transaction he is deemed to be acting on behalf of both sellers and buyers; referred to here as the 'Principals'. Where there are two Brokers to a transaction, they are each deemed to be acting for and on behalf of the principal to the contract by whom they were engaged.

ICPO - Irrevocable Corporate Purchase Order

ICPO - Irrevocable Corporate Purchase Order
This is a document drawn up by commercial Buyers, and contains the quantities and type of commodity required, and other conditions that the buyer would like the sale to proceed under. Once submitted to the Seller, this is deemed to be binding and the corporation is obliged to complete the sale.

Specimen

Company letter head. Date: 
Company: Company Name. Address: Building , Name str, Office , Post code . City: City name . Country: Country name
Title: Position in company Mr. Name and Family name
Phone: Fax: e-mail:

Irrevocable Corporate Purchase Order (ICPO).

Dear Sirs/ Madam,

We are as Principal stated above legally represented by Position in company Mr. Name and Family name willing to place ICPOvalid until 31.03.20__, and we hereby confirm that we are ready, willing and able to buy the commodity as per the specifications, in the quantity and for the price, as specified in the terms and conditions as stated below:

Goods: ______; Type of packing _______; Origin: ______;

BCL - Bank Confirmation Letter

BCL - Bank Comfort Letter
Also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's bank confirming his ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.

BCL from Buyers' bank

Bank Name:_ Bank Address:_

Bank Confirmation Letter (BCL) Dated __ / __ / 20__

Dear Sirs,

This is to confirm our mutual client _ (company name) maintain a banking account with us.

At their instructions we, _ (bank name) with full authority and mandate hereby confirm that the said client are willing and financially able to initiate this process of goods of 000.000 metric tons (Litre, Cans, Bags etc.).

FPA - Fee Protection Agreement

IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (also known as FPA)

1. Seller and Contract Information
Contract №: _ Sellers name: _ Address: _
Sellers Phone Number: _ Sellers Fax Number: _
Signatory: _ Title: _
Delivery: _ Price Basis: _
Total Contract Quantity: _ Total Contract Value: _

2. This Fee Protection Agreement (FPA) is issued to the Paymaster involved in the sale of the Commodity identified by the above Contract Number.

LOI - Letter of Intend

What Does Letter of Intent - LOI Mean? An agreement that describes in detail a corporation's intention to execute a corporate action. The letter of intent is created by the corporation with its management and legal council, among others, and outlines the details of the action.
Explain of Letter of Intent - LOI. Letters of intent are used during the merger and acquisitions process to outlines a firm's plan to buy/take over another company. For example, the letter of intent will disclose the specific terms of the transaction (whether it is a cash or stock deal).

Specimen

Company letter head

Company Name:
Address: Phone: Fax: e-mail:

Date:

Letter of Intend (LOI) valid until _____

Dear Sirs/ Madam,

We are as Principal stated above legally represented by ___________ confirm with full legal and corporate responsibility under penalty of perjury, that we are ready, willing and able to buy the commodity as per the specifications, in the quantity and for the price, as specified in the terms and conditions as stated below:

FCO - Full Corporate Offer

FCO - Full Corporate Offer
Issued by the seller after the preliminary stages of negotiation are complete, such as a letter of intent having been issued by the buyer, and a soft probe having been conducted on their accounts by the Seller. A full corporate offer is a document which outlines the conditions of the sale.

Specimen

Company letter head. Date: 

Company: Company Name. Address: Building _, Name str, Office _, Post code . City: City name . Country: Country name
Title: Position in company Mr. Name and Family name
Phone: Fax: e-mail:

Full Corporate Offer (FCO)

Dear Sirs/ Madam,

We are as Principal stated above legally represented by Position in company Mr. Name and Family name willing to place FCO