SALES CONTRACT
No: 01/ABC-WL
Date: 06 November 2021
The seller:
WOODLAND STOCK
[Link]
Add: 83/1 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330, Thailand
Tel : +86 523-84616148
Fax : + 86 523-
84616126
Hereinafter called the
Seller
Represented by: Thaksin
Shinawatra – Manager
The Buyer: ABC
MERCHANT Co. Ltd
Add: Đình Vũ Port, Đông
Hải 2, Hải An, Hải Phòng.
Tel/Fax: +84 8 3740 6783/
+84 8 3740 6738
SALES CONTRACT
No: 01/ABC-WL
Date: 06 November 2021
The seller: WOODLAND STOCK [Link]
Add: 83/1 Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand
Tel : +86 523-84616148
Fax : + 86 523-84616126
Hereinafter called the Seller
Represented by: Thaksin Shinawatra – Manager
The Buyer: ABC MERCHANT Co. Ltd
Add: Đình Vũ Port, Đông Hải 2, Hải An, Hải Phòng.
Tel/Fax: +84 8 3740 6783/ +84 8 3740 6738
Hereinafter called the Buyer
Represented by :MR Duong Tuan Anh - Directer
The two parties have mutually agreed and concluded to sell and buy the goods under the
following terms and conditions:
ARTICLE 1: COMMODITY, QUALITY:
1.1 Commodity and specifications:
No Model Unit Quantity Amount (USD)
1 Wood Flour MTs 100 80.000
TOTAL AMOUNT: CIF-HAIPHONG PORT (INCOTERMS 2020) USD 80.000
In words: US dollars
eighty thousand only.
1.2 Quality: 100% brand
new, produced in 2021,
humidity <3%.
1.3 Country of Origin:
Thailand.
1.4 Packing: As per
manufacturer standard
packing, and safety for
long-sea
transportation.
1.5 Marking: As per
manufacturer standard
packing
1.6 Allowable defects:
When transporting, if the
transportation distance is
less
than 1000 km, the natural
loss rate is: 3%; distance
from 1000 - 2000 km: 4%
and distance over 2000
km is 5%.
ARTICLE 2:
SHIPMENT- DELIVERY
In words: US dollars eighty thousand only.
1.2 Quality: 100% brand new, produced in 2021, humidity <3%.
1.3 Country of Origin: Thailand.
1.4 Packing: As per manufacturer standard packing, and safety for long-sea transportation.
1.5 Marking: As per manufacturer standard packing
1.6 Allowable defects: When transporting, if the transportation distance is less than 1000
km, the natural loss rate is: 3%; distance from 1000 - 2000 km: 4%
and distance over 2000 km is 5%.
ARTICLE 2: SHIPMENT- DELIVERY
2.1 Latest date of delivery: 26/11/2021
2.2 Partial Shipment: not allowed.
2.3 Trans - Shipment: not allowed.
2.4 Port of loading: Bangkok Port, Thailand.
2.5 Port of destination: Haiphong Port, Vietnam
2.6 Notice of shipment: within 02 working days after shipment.
The Seller shall notify by fax or email to the Buyer the shipping information including bill of
lading, invoice, packing list, certificate of origin, certificate of
quantity and quality,...
ARTICLE 3: PAYMENT
3.1. All payment shall be in US Dollar without any rights to offset.
Payment after 60 days from the date of delivery.
100% payment by irrevocable L/C.
WOODLAND STOCK [Link]
Add: 83/1 Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand
Beneficiary bank: BANGKOK BANK PUBLIC COMPANY LIMITED
ARTICLE 4: INSURANCE
Add: 30/3, KHAOSAN, BANGKOK, THAILAND
Swift Code: BKCHCNBJ940
L/C no:
3.2. All following documents will be sent to the Buyer within 07 working days:
· (3/3) original Ocean Clean on Board Bill of Lading, marked "Freight to
collect".
· Signed Commercial Invoice: 03 originals
· Detailed Packing list: 03 originals
· Certificate of Quality and Quantity issued by The seller : 03 originals
· Certificate of Origin issued by Thailand Chamber of Commerce: 1 original
and 2 copies.
The seller must purchase a class B insurance for the goods.
Hire a third party to transport the goods.
ARTICLE 5: INSPECTION
5.1. The Seller must inspect the goods prior to the shipment (The first
Inspection). All charges and expenses shall be borne by The Seller.
5.2. The final inspection
shall be carried out by
VINACONTROL within
3 days
after arrival date at
discharge port. All related
costs will be borne by The
Buyer.
5.3 The Seller shall settle
the suitable claim of The
Buyer within a maximum
of
30 days after receipt of the
claim.
ARTICLE 6: FORCE
MAJEURE
1) The Seller shall not be
held responsible for the
delay in shipment or non-
delivery of the goods due
to force majeure, which
might occur during the
process of manufacturing
or in the course of transit.
Seller shall advise Buyer
immediately of the above-
mentioned occurrence and
within 14 days thereafter,
Seller shall send by air
mail to Buyer for their
acceptance a certificate of
the
accident issued by local
police department where
the accident occurred as
evidence thereof
5.2. The final inspection shall be carried out by VINACONTROL within 3 days after arrival
date at discharge port. All related costs will be borne by The Buyer.
5.3 The Seller shall settle the suitable claim of The Buyer within a maximum of 30 days after
receipt of the claim.
ARTICLE 6: FORCE MAJEURE
1) The Seller shall not be held responsible for the delay in shipment or non-delivery of the
goods due to force majeure, which might occur during the process of manufacturing or in
the course of transit. Seller shall advise Buyer immediately of the above-mentioned
occurrence and within 14 days thereafter, Seller shall send by air mail to Buyer for their
acceptance a certificate of the accident issued by local police department where the
accident occurred as evidence thereof
2) Under the above
circumstances, the Seller
however is still under the
obligation to take all
necessary measures to
hasten the delivery of the
goods. In
case the accident lasts for
more than 10 weeks, the
Buyer shall have the right
to
cancel the Contract.
ARTICLE 7: VALIDITY
OF THE CONTRACT
The contract comes into
force from the signing
date
2) Under the above circumstances, the Seller however is still under the obligation to take all
necessary measures to hasten the delivery of the goods. In case the accident lasts for more
than 10 weeks, the Buyer shall have the right to cancel the Contract.
ARTICLE 7: VALIDITY OF THE CONTRACT
The contract comes into force from the signing date
ARTICLE 8: ARBITRATION
All disputes in connection to this contract or execution thereof shall be settled by
negotiation between two parties. If no settlement can be reached, the case of dispute shall
be submitted for arbitration pursuant to the Rules of Arbitration of the International
Chamber of Commerce in a third country and the rules of this Commission shall be applied.
The award of the arbitration shall be final and binding between two parties.
All charge and expenses for Arbitration shall be borne by the losing party unless
otherwise agreed.
ARTICLE 9: GENERAL
CONDITION
1. Incoterms 2020 is
applicable.
2. The two parties
undertake to carry out
completely and strictly
this
contract. If there is any
difficulty, both parties will
discuss how to solve the
problem. Any amendment
or alternations of the
terms of this contract must
be
mutually agreed
previously and made in
writing.
3. This contract is made
into 02 originals in
English version, 01 of
which for
each party with equal
value. Contract signed
through fax is acceptable
ARTICLE 9: GENERAL CONDITION
1. Incoterms 2020 is applicable.
2. The two parties undertake to carry out completely and strictly this contract. If there is any
difficulty, both parties will discuss how to solve the problem. Any amendment or
alternations of the terms of this contract must be mutually agreed previously and made in
writing.
3. This contract is made into 02 originals in English version, 01 of which for each party with
equal value. Contract signed through fax is acceptable
FOR THE BUYER FOR THE SELLER
(signed) (signed)
Duong Tuan Anh Thaksin Shinawatra