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Offer & Intent Templates

Every commodity trade opens with an offer-intent handshake. This hub collects the four instruments that move a deal from first contact to signed SPA: SCO, LOI, ICPO and FCO.

Sellers publish a Soft Corporate Offer (SCO) to advertise availability, price basis and target destinations. Buyers reply with a Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) confirming banking capacity and desired volumes. Sellers then issue a Full Corporate Offer (FCO) that becomes the base for the Sales & Purchase Agreement.

Each template on this hub is drafted so its fields translate cleanly into MT700 LC clauses under UCP 600 and Incoterms 2020 delivery points (FOB, CIF, CFR, DAP, EXW). Download the DOCX to edit or the PDF as a reference sample.

Templates in this hub

Soft Corporate Offer
Free Soft Corporate Offer (SCO) template in editable Word and PDF format. Seller's non-binding indicative offer draft for commodity trading.
Letter of Intent
Download a free Letter of Intent (LOI) template for commodity buyers. Editable Word and PDF format with banking coordinates, quantity, delivery and payment sections.
Irrevocable Corporate Purchase Order
Free ICPO template in Word and PDF. Buyer-signed Irrevocable Corporate Purchase Order draft for oil, coal, metals and other commodity trades. Ready to edit.
Full Corporate Offer
Download a free Full Corporate Offer (FCO) template in Word and PDF. Seller's binding commodity offer draft with spec, Incoterms, LC payment and procedures.

Frequently asked questions

In what order are SCO, LOI, ICPO and FCO exchanged?
Seller SCO → buyer LOI or ICPO → seller FCO → SPA. The ICPO/LOI stage is where banking coordinates are shared and RWA/POF is often requested.
Are offer and intent documents legally binding?
SCO, LOI and FCO are non-binding indications of interest. ICPO is stronger because it is issued 'irrevocable', but it still becomes binding only once the SPA and payment instrument are executed.
Do I need all four documents for every trade?
No. Many desks skip SCO or FCO and move directly from LOI/ICPO to SPA. The templates cover the full ladder so counterparties who insist on each rung have a compliant format ready.

Other hubs

Confidentiality & Fee-Protection TemplatesFinancial & Compliance Instrument TemplatesContract & Settlement Templates