Sales contract
Contract No.:
Date: ______
The Seller:
Address:
Tel:
The Buyer:
Address:
Tel
We here by confirm having sold of the following commodity to the buyer and the buyer hereby confirmed having bought of the commodity as per the following agreed terms and conditions:
1Description of goods:Whitish sesame seeds, Crop year 2013-2014
2Product origin:Nigeria Origin
3Specifications:
- Purity:98% Min
-Oil content:50% Min
- Humidity:7% Max
- FFA: 2% Max
- Aflatoxin:5 PPB Max
- Admixture: 2% Max
The buyer reserves the right to claim or negotiate the new price after unloading in case of the goods shipped does not comply with samples before shipping out.
4Quantities:Net weight ____Metric Tons (More or less 2% allowed)
5Packaging:new PP bags, 50kgs net weight each bags, no any marks in Bags and loading 19MTs in one 20fcl
6Unit Price:USD $ 1600/MT, FOB Lagos, Nigeria
7Total Amount:USD $____USD(SAID US DOLLARS ______ONLY)
8Place of Loading: Lagos Port, Nigeria
9Shipment schedule:
Goods shall be shipped out within ______days from date of Letter of Credit opening, unless Buyer faults in shipping space arrangement.
Partial shipments allowed.
10Port of destination: Haiphong Port, Vietnam
11Insurance: At the buyer's expense and its costs and liability
12Payments:
The seller shall open irrevocable and un-conditional PerformanceBond (Comply with URDG latest version) from first class bank, whose value is 2% of total value of goods described in this contract (Performance Bonds value equal with USD ______), within 3 Banking days from date of Contract sign. The Performance Bonds shall be valid 3 months from opening date.
The buyer shall open Irrevocable, transferable 100% L/C payable at sight within 5 banking days from receiving Performance Bonds.
Seller’s Bank information:
Bank: ______
Bank address:______
Bank Tel: ______
Account Name:______
Account No:______
Swift: ______
Buyer’s Bank information
Bank:______
Address: ______
SWIFT BIC: ______
Account Name:______
Account No.: ______
13Documents:
Commercial Invoice:
4 origin commercial invoices manually signed.
Packing list:
4 origin packing lists manually signed and list gross weight, net weight, package amounts, containers Numbers and seal Numbers.
Certificate of Origin:
1 Origin and 1 copy of Certification of Origin.
Phytosanitary Certificate:
1 Origin and 1 copy of Phytosanitary Certification
Certificate of fumigation:
1 Origin and 1 copy of Fumigation Certification.
SGS Quality and Quantity certification:
1 Origin and 1 Copy of SGS Quality and quantity certification shall indicate the bill of lading No.
The specification results must comply with requirement in this contract,.
BL (Bill of landing):
Full set (3/3) of clean shipped on Board Marine/Ocean Bill of Lading and 3 Non-Negotiable copies, showing actual shipper, consigned to the order of LC issuing bank and endorsed. And Bill of lading issued by freight forwarder is not acceptable, No matter the Freight forwarder acts as a carrier or as an agent for another named Carrier. Notify party description shall be designated by buyer.
14Obligations
The Buyer:
The buyer will be responsible for arranging all the formalities and pay the taxes required in the regulations of international commerce in the country of destination of the goods, to complete the formalities required from the arrival of the goods at the port of departure of the goods. Any delay generated is the responsibility of the buyer.
The seller:
The seller is responsible for completing the formalities and pays all taxes linked to the export of the goods in accordance with the legislation of the country of origin of the goods to the port of departure chosen by both parties it is understood that delivery is spanking in containers. Any delay generated is the responsibility of the buyer.
15Force Majeure:
In case the execution of this contract is delayed or prevented in whole or in part by either party for some reason (war, riot, labor dispute, official statement of loss, flood, fire, force majeure), it will proceed to the extension delivery time to one month (30 days).
If at the end of this period the delivery encounters difficulties both parties may agree to an extension of time in writing.
Any time a certificate issued by the Chamber of Commerce of the country will be considered as part thwarted parts sufficient justification for the existence of the duration of the force majeure.
16Claims:
The Buyer will claim 1% of each batch goods value as the liquidated damage in every delayed day as per Clause 9, and if the amount of compensations is over 10%, the Buyer may unilaterally terminate the Contract, and the seller shall bear liquidated damages.
The buyer reserves the right to claim quality difference between shipment goods and samples in Clause 14, if applicable.
17Rules and Regulations:
This contract is governed by the arbitration rules of HongKong and subject to HongKong jurisdiction and the same shall be applicable in the unlikely event that the seller and the buyer are unable to resolve their disputes through amicable mutual discussions.
The seller and the buyer have entered in to this contractual agreement as of the date and signed as follows:
The Seller / The BuyerDate / Date
1 / 4