Are you frustrated with the time, costs and effort that it takes to transfer orders between departments in your business? Are you looking for a way to make the process easier and faster? If so, then an order transfer letter form might be just what you need. It can provide structure and help simplify the process of moving items from one location to another within your organization. In this blog post, we will discuss how order transfer letter forms work, why they are useful, who needs one and how to get started quickly. With this information at hand, transferring orders is sure to become a breeze!
| Question | Answer |
|---|---|
| Form Name | Trancefer Order Latter Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | letter in lieu of orders, letter in lieu of orders template, transfer order letter format, is an irrevocable transfer order a guarantee letter form pdf example |
(Date)
Purchaser
Purchaser Address
City, State Zip
Re: Letter in Lieu of Division Orders or Transfer Orders
Gentlemen:
You are currently purchasing production from or are accounting to XYZ Resources Corporation (“XYZ”) for the proceeds of production from the oil and gas wells and/or units described on the attached Exhibit “A” (the “Properties”). XYZ or its predecessors have previously executed your Division Orders, Transfer Orders and/or other Purchase Agreements covering production from the Properties. ABC Petroleum Corporation (“ABC”) has acquired all of XYZ’s interest in the Properties effective as of
__________, 20____ (the “Effective Date”).
XYZ and ABC hereby request your acceptance of the Letter for purposes of recognizing the ownership of ABC as to such interest in the Properties. After receipt of this letter, please begin accounting after the Effective Date to the following:
Remittances: ABC Petroleum Corporation
Anystreet
Anytown, Anystate, AnyZip
Tax ID # _________________
PLEASE DO NOT SUSPEND PAYMENTS. In consideration for accepting this Letter in Lieu of Division Orders or Transfer Orders, ABC (i) agrees to all of the terms, covenants and conditions of your Division Orders or Transfer Orders in effect for the Properties as to the interest assigned to ABC, (ii) agrees to be bound by those terms as if ABC had originally executed such Division Orders or Transfer Orders, and (iii) agrees to indemnify you for making payments in the manner requested in this Letter. XYZ and ABC have agreed that revenues attributable to production purchased by you and payable for all periods prior to the Effective Date will be paid directly to XYZ and ABC requests that all revenues arising from purchases subsequent to the Effective Date be paid directly to ABC. For clarification purposes, revenues associated with _______, 20__ production
and sales, shall be paid directly to ABC. Please revise your records to reflect this change.
In order that we may have a record evidencing your receipt of this letter, we request that you sign and return one (1) copy of this letter to ABC.
Yours truly,
XYZ RESOURCES, INC.
By:
ABC PETROLEUM CORPORATION
By: |
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We have changed our records effective |
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(Purchaser) |
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(Attach Exhibit of Properties)