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The Seller has agreed to sell and the Buyer has agreed to buy AMMONIUM SULPHATE fertilizer with the
terms and conditions provided in this contract, as follows:
2. SPECIFICATION:
NITROGEN : 21 PCT MINIMUM.
FREE ACID : 0.05 PCT MAXIMUM.
MOISTURE : 0.5 PCT MAXIMUM.
FREE FLOWING.
COLOR : WHITE.
3. QUANTITY : 7,000MT, with 15% more or less as shipping tolerance at Seller’s option.
6. PRICE:
6.1 UNIT PRICE: USDXXX.00 per metric ton net CFR FO HoChiMinh city port, Vietnam, incoterms
2000. (Say: United States Dollars one hundred and twenty five only)
6.2 TOTAL AMOUNT: USDXXX,000.00- CFR FO HoChiMinh city port, VIETNAM, INCOTERMS
2000. (Say: United States Dollars eight hundred and seventy five thousand) with 15 percent more or
less allowed.
7. INSPECTION:
Certificates of quality shall be verified by manufacturer and draft survey shall be verified by an
international independent surveyor at port of loading, which shall be taken as final.
The buyer has the right to appoint S.G.S or Vinacontrol in Vietnam to re-inspect the cargo and lodge
claim if any, to the seller within 30 days from vessel berthing date at port of destination by and for the
account of buyer.
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8. INSURANCE :
Shall be covered by and cost of the Buyer. However, in case the vessel of more than 15 years old has
been chartered by the Seller for transportation/delivery purpose under this contract, any extra insurance
premium charged herewith shall be reimbursed by the Seller within 30 days from the date the Buyer
notifies the Seller.
Seller will inform buyer details of performing vessel together with fax copy of P&I certificate and Buyer
will confirm vessel within one working day.
9. PAYMENT:
By an irrevocable, without recourse letter of credit payable at sight for full amount of seller’s invoice in
US currency opened in favor of ABC CORPORATION.
L/C to be opened latest by November 20, 2009 and payable at sight upon presentation of the
following required documents freely negotiable at any bank in Singapore:
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The party who is prevented or delayed in whole or in part from fulfillment of this contract by Force
Majeure shall immediately advise the other party about commencement and cessation of Force Majeure.
Certificates issued by a respective Chamber of Commerce of the incapacitated party’s country shall be
regarded as the sufficient evidence of existence and duration of Force Majeure.
The official advice letter about the Force Majeure shall be sent directly to the Buyer by fax within three
days stating the reason caused to such majeure.
12. ARBITRATION:
In the event of any dispute and differences in opinion arising during implementation of this contract
between the parties of this contract which can not be settled amicably, such dispute shall be settle by
International Arbitration Center at The Chamber of Commerce in Vietnam; the language of arbitration
shall be English. The arbitration shall take place in Ho Chi Minh city, Vietnam. Arbitration fees shall be
born by the losing party.
This contract is made in two originals, one retained by each party, and shall come into force from the date
of signing.
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