Irrevocable Corporate Purchasing Order (ICPO)

A Purchase Order (PO), a Corporate Purchase Order (CPO) or also Irrevocable Corporate Purchase Order (ICPO) is a document issued by a buyer to a seller confirming the commitment to buy the specified commodity at the specified terms and price. Moreover, a valid PO/CPO/ICPO must as minimum include:

  • Issuing date
  • Validity in time
  • A buyer identified by name, full address, company registration number, and contact information
  • Specification of the product requested
  • Quantity
  • Origin
  • Destination
  • Shipping terms
  • Agreed price
  • Agreed payment terms
  • Also any other mandatory requirements