LOI / ICPO Corporate Compliance Requirements
Dear Esteemed Buyer,
The Letter of Intent (LOI)and Irrevocable Corporate Purchase Order (ICPO) must be issued on the Buyer’s official letterhead and must bear the authorized signature and corporate stamp of the Buyer. It is mandatory that the ICPO include the Buyer’s banking details, together with the full contact information of the responsible bank officer. The full names and official positions of the company representatives executing the ICPO must be clearly indicated. Failure to comply with these requirements shall render the document legally invalid. All submitted documents must be recent, dated within a period not exceeding one (1) to three (3) calendar days from the date of issuance. The company letterhead of the Buyer requesting the commodity must correspond exactly to the name of the account holder stated in the banking information provided.
The LOI/ICPO shall be addressed to Ruperto Calamba and must adhere strictly to the Seller’s approved procedures as stipulated above. Should the Buyer’s documentation fail to meet the required verification standards, the Buyer shall be responsible for rectifying all discrepancies without delay, in order to prevent any disruption or delay in the transaction process. The Seller shall under no circumstances provide any prior transaction records or documentation not expressly stipulated herein, as doing so would constitute a violation of the established non-circumvention and confidentiality provisions.