SCO (Soft Corporate Offer)

Usually SCO means SOFT CORPORATE OFFER, it is usually used in the import /EXPORT businesses and in commodity Business.

Buyer 에게 LOI(매매 의향서)를 받고 나서 Seller 가 구매에 관한 terms & condition 을 간략하게 나열해서 보내준다.

In the SCO usually its made by the seller of commodity and includes in it the following:

1. NAME OF COMMODITY

2. Quantity

3. DISCHARGE PORT and type of Shipment (FOB or CIF)

4. Price

5. Origin

6.Type of payment Accepted

7. PROCEDURE TO PURCHASE THE PRODUCT

I will include a sample Soft Corporate Offer Below:

(Seller) Company letter head

Soft CORPORATE OFFER

To: (End Buyer company)                                                                    Thru: (consultant company)

Attn: Whom it may concern

Date                                                                                                      Ref no: sco/d2/hpccl/0135

Dear Sir,

 
Based on our negotiation with you, we, (seller company), hereby confirm, that the seller is ready, able and willing to enter into an agreement
to serve (End buyer company) with the under-stated product BASRAH LIGHT CRUDE OIL, as per your LOI forwarded 23 March 2011,
under the following terms and condition:

Commodigy

: Basrah Light Crude Oil

Specification

: Export Standard Specification

Quantity

: 1,000,000 MT X 12 month

Total Quantity

: 12,000,000 million Metric Tonnes

Contract Length

: 12 Months + 12 months extension

Contract Details

: As listed below

Contract Price

: Net. USD520.00/Gross USD540.00 per Metric Tonne

Monthly Contract Amount: USD540,000,000.00(Five Hundred Forty Million American Dollars only)

Containment

: BUYER shall supply required product containment vessels at loading port Russia.

Shipment 

: In bulk 100% first class tanker Vessel

Shipment Date

: TBA

Country of origin

: Iran

Loading Port

: Iran

Inspection
: Quality, Quantity, Weight by SGS certified agency at Seller's cost at loading port

Import Duties

: Responsibility of buyer

Value added tax (VAT)

: Responsibility of buyer

Prood of Product (POP)

: Transmit from seller's bank to buyer's bank

Proof of Funds (POF) 

: Transmit from buyer's bank to seller's bank

Payment

: As stated below & presented in Appendix 'B' attached

Delivery Poing

: CIF ASWP (Any Safe World Port)

Terms of Shipment

: Loading at the loading port within 30 days after the seller received the MT103/23 from the buyer.

Inspection

: SGS, the International Independent Laboratory shall perform the Quality Inspection at the loading port.

  Test (IP) quality standards should be based on the latest methods (ASTM standard).

Performance Bond

: Two Percent (2%) P.B Guarantee of Monthly Shipment value by Seller's Bank to Buyer's Bank

Payment Terms

: By US dollars to be assisted by MT103/23 from the top 25 International Prime Bank at sight covering each cargo.

  The said DLC shall be finally payable at sight upon delivery at the Buyer's Port of Discharge.

Faithfully,
For (seller company)

(seller company person's name in charge)

(seller company person's title)

-----------------------------------------------------------------------------------------------------------------------------------------

BUYER'S CONFIRMATION:

We hereby agree and accept the above Soft Corporate Offer (SCO) including the terms and conditions of the offer, and will hereby issue our
FCO, to take us on to the Contractual Stage:

_________________________

(signature)

Name: _____________________

Passport No: ____________________

Company: _____________________

Title: _______________________                                                                  Company's Chop or Seal:

출처: Dan Carlos, H. Enterprises USA, Commodity facilitators

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