Enerjik's Sale and Purchase Procedure (ESPPM) for Mandate

Enerjik's Sale and Purchase Procedure (ESPPM) for Mandate

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 persons, companies and 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 this Enerjik's Sale and Purchase Procedure Agreement (ESPPM) for Mandate following:
1. Buyer or / and his Representative submits to Enerjik the Enerjik's Buyer Application Form (EBAF),
2. Enerjik submits the EBAF on behalf of Buyer to the Seller or / and his Representative,
3. Seller or / and his Representative submits the Supply Offer Details (SODS) for Seller to Enerjik,
4. Enerjik submits the Enerjik's Supply Offer Details (ESODB) for Buyer to the Buyer or / and his Representative, (Enerjik is able to sign the Enerjik's Non-Circumvention Non-Disclosure Agreement (ENCNDA) with the Buyer or / and his Representative),
5. Buyer submits a valid and completed Enerjik's Letter of Intent (ELOIM) for Mandate or Enerjik's Irrevocable Corporate Purchase Order (EICPOM) for Mandate and Enerjik's Bank Comfort Letter (EBCL), (all documents should be fresh dated and contain the permission to conduct a Soft Probe on the buyer's account), if agreed with ESODB or negotiate with Enerjik until both parties agreed,
6. Enerjik issues the ELOIB or EICPOB on behalf of Buyer to the Seller or / and his Representative,
7. Seller issues the Full Corporate Offer (FCO) or / and Draft Contract (DC) to Enerjik (along with signed and sealed Enerjik's Authorized Mandate Letter (EAML) if not issued before),
8. Enerjik issues the FCO or / and DC on behalf of Seller to the Buyer,
9. Buyer accepts and agrees the terms and conditions of the FCO or / and DC by Signature and Company Stamp and sends it to Enerjik (or amends and sends the DC to Enerjik, until both parties agreed),
10. Signed FCO or / and DC sent via fax or e-mail that will be deemed as original and valid,
11. Enerjik sends the FCO or / and DC signed on behalf of Buyer to the Seller,
12. Seller issues hard copies of the Contract and exchanges it with the Buyer through Enerjik,
13. Buyer signs and stamps all the hard copies of the Contract and returns it to Enerjik,
14. Enerjik signs and stamps all the hard copies of the Contract on behalf of Buyer and sends it to the Seller,
15. Seller or / and Buyer issues the Bank Guarantee (BG) to Enerjik for the Fee from his respective bank,
16. Seller and Buyer receive the hard copies of the Contract signed and sealed with counter party information through Enerjik,
17. Buyer's Bank provides Proof of Funds (POF) to the Seller's Bank per SWIFT, and informs Enerjik per e-mail,
18. Seller provides the Proof of Product (POP) to the Buyer's Bank per SWIFT, and informs Enerjik per e-mail,
19. Buyer presents pre-advised payment instrument to be approved by Seller's Bank, and informs Enerjik per e-mail,
20. Seller issues 2% Performance Bond (PB) to activate the approved payment instrument, and informs Enerjik per e-mail,
21. Delivery and shipment commence as per Contract, and Seller informs Enerjik about shipment per e-mail.

Confirmed ESPPM is valid until completion of related ongoing Sale and Purchase Contract(s) or until written confirmation of cancellation of both parties !

Go to Home Page Go to Offers Go to Documents