Free Full Corporate Offer (FCO) Template
The seller's binding commercial offer in a physical commodity transaction. Countersigned FCO means the deal is on the table, ready to move into SPA drafting.
A Full Corporate Offer (FCO) is the definitive seller offer that follows the buyer's LOI or ICPO. It contains the full technical specification, guaranteed values with tolerance, price mechanism, Incoterms 2020 delivery point, quantity and monthly lifting schedule, MT700 LC or SBLC payment terms, inspection regime and step-by-step procedure calendar in banking days.
This template is the format used for oil products, coal, petcoke, LNG, metals and agri commodities. Once countersigned by the buyer, it triggers SPA drafting and the buyer's LC issuance workflow.
The DOCX is fully editable so you can drop in your specification annex; the PDF is a print-ready sample.
What's inside
- Seller's binding offer: countersigned FCO = deal on the table.
- Locks the price mechanism (fixed, floating, index-linked).
- Sets the procedure calendar (POF, SPA, LC, first shipment).
- References inspection regime (SGS / Intertek / SAYBOLT).
Document preview
Frequently asked questions
Where can I download a free FCO template?
This page provides a free Full Corporate Offer template in Word (DOCX) and PDF format. Sign in to download the editable DOCX; the PDF preview is public.
Is a Full Corporate Offer legally binding?
Yes once countersigned by the buyer. Unlike the SCO (Soft Corporate Offer), the FCO commits the seller to the exact commercial terms subject only to procedures being executed on schedule.
What clauses does an FCO include?
Product and full specification, guaranteed values with tolerance, price and Incoterms, monthly lifting schedule, payment instrument, procedure calendar in banking days, inspection regime and validity window.
FCO vs SCO — what's the difference?
SCO (Soft Corporate Offer) is non-binding and indicative; FCO is binding once countersigned. Sellers usually issue an SCO first, and only progress to FCO after receiving an LOI or ICPO from the buyer.
Does the FCO need an inspection clause?
Yes for physical commodities. Standard practice names an independent inspector (SGS, Intertek, SAYBOLT) at load and/or discharge, with cost allocation and dispute resolution mechanics.