Date: April 25, 2013
Between: ABC Trading Co, Ltd. (Vietnam) Address: Fax: Represented by: Hereinafter referred to the Seller
And: NZ Co, Ltd. (Japan). Address: Fax: Represented by:
Hereinafter referred to the Buyer
Both parties have agreed to sign the contract with the following terms and conditions
1. COMMODITY: Vietnam Robusta Coffee, Daklak origin
2. QUALITY: According to the sample agreed by both parties (Sample No 2345)
3. QUANTITY: 1,000 MT more or less 5% at the Seller’s option
4. PACKAGING: The goods to be packed in the Manufacturer's Standard Export Packing
5. PRICE:
Unit price: USD 1,800/MT FOB Saigon port, Incoterms 2010
Total amount: USD 1,800,000 +/-5%
6. DELIVERY: Time of delivery: August 30, 2013.
Delivery of goods will be made FOB.
Port of Loading: Saigon. Port of discharge: Osaka.
Partial shipment: not allowed
The Buyer will advise the seller the name of vessel not later than three (03) days before shipping date by fax.
7. PAYMENT:
Payment by irrevocable L/C at sight for 100% of invoice value, in favor of the Seller. The following documents are presented for negotiation:
Commercial Invoice in three originals.
Full set Bill of Lading marked "Freight to pay at destination” made out to order of Tokyo Commercial Bank.
Certificate of Quality and Quantity in two copies
Packing List in two copies
Certificate of Origin in two copies
8. INSPECTION:
The Buyer will inspect the goods before shipment. In the event of any physical damages to the packing or shortage of goods in comparison with Certificate of quantity and quality, B/L. The Buyer shall appoint an Independent International Survey Company to make the survey report on the field. The survey report shall be an evidence for making claims.
The Seller must be responsible for the replacement of shortage and damaged goods correctly. Survey charges are covered by the Buyer
If the goods conform