SCO and FCO stand for Soft Corporate Offer and Full Corporate Offer respectively. These are offers from a seller expressing product specifications as well as the terms and conditions of the transaction. It is usually issued on the company’s letterhead. The difference between FCO and SCO is:

An FCO is not “full” without being addressed to the name of a specific party representing a buyer.
An SCO is addressed to the buyer in general but not addressed to anyone specific.

Likewise, it furnishes a prospective buyer with enough understanding of a seller’s modus operandi. It gives room to the buyer for negotiation as a buyer might request an alteration of terms and conditions. Generally, SCO is preferred in the import/export business involving commodity sales.

Moreover, these offers show the seller’s ability and preparedness for a business transaction with an end buyer. It likewise expresses the details of the products offered whether for export or domestic transactions.

These offers curtail information such as:

1. Name of commodity
2. Quantity
3. Discharge port and type of shipment
4. Price
5. Origin
6. Type of payment accepted
7. Procedure to purchase the product, and more

Transaction procedures are one of the most essential parts of SCO/FCO. They make a step-by-step guide on how the transaction will take place.