SALE CONTRACT DH508-105M GDIN (FINaL)
SALE CONTRACT DH508-105M GDIN (FINaL)
SALE CONTRACT DH508-105M GDIN (FINaL)
And
GDI GLOBAL DEVELOPMENT INVEST JOINT STOCK COMPANY
Add: No. 27, Lane 221 Hoang Hoa Tham Street, Lieu Giai Ward, Ba Dinh District, Hanoi city,
Vietnam
Tel: 0904.486.283
Hereinafter referred to as the Buyer
1. Commodity
The Seller agreed to sell and the Buyer agreed to buy the following commodity under the terms
and conditions set forth herein below:
2. Quality: The machines must be Original and all parts of machine must be in normal working
condition and prompt operation at destination port.
3. Shipment:
- Latest date of shipment: within 60 days after the issuing LC day.
- Partial shipment : Not Allowed
- Transshipment : Allowed
- Loading port : Any port in Korea
- Destination port : Haiphong port in Vietnam
4. Packing: In Bare
5. Marking: Shipping mark shall be included:
(GDI GLOBAL)
6. Payment:
100% by irrevocable L/C at sight, opened in favor of the Seller.
Beneficiary: WINWIN USED MACHINERY
Bank name: INDUSTRIAL BANK OF KOREA
Bank Add.: #220, 7 , Beobwon-ro 11-gil, Songpa-gu, Seoul, Republic of Korea
Account No.: #062-162678-56-00014
Swift Code: IBKOKRSEXXX
Payment to be effected against presentation of the following documents, in triplicate unless
otherwise stated.
- Seller's signed commercial invoice for 100% CIF value, showing chassis number, engine
number and manufacturing year.
- Detail packing list showing chassis number, engine number and manufacturing year.
- 3/3 original clean "shipped on board" ocean Bill of Lading marked "freight prepaid", made
out to order of L/C issuing bank and notify the buyer.
- Insurance policy or cert covering 110% invoice value against I.C.C (A) clause marked "Claim
if any payable in VIETNAM".
- Certificate of quantity and quality issued by the Seller.
- Certificate of Origin issued by the Chamber of Commerce or by the Seller.
- Advising Buyer of Particulars of Shipment: (B/L. No and date, Vessel Name, Name of
Commodities, Invoice Value and Credit Number) within 05 days after shipment by email.
- Presentation of documents should be made within 15 days after date of shipment.
7. Force majeure
In the events of non-fulfillment of all or part of this contract due to directly or indirectly to any
act of God, government restrictions, fire, war, strikes, or any other casualties or contingencies
beyond the control of the Seller, otherwise unavoidable, the Seller will not be responsible for
such non-fulfillment.
8. Arbitration
During the course of execution of this contract, all disputes not reaching an amicable settlement
by mutual discussion between the two parties shall be finally resolved by arbitration at the
Vietnam International Arbitration Centre (VIAC) in accordance with its Rules of Arbitration.
9. General conditions
- Buyer will notify Seller of any claim for defects and wrong model together with Certificate of
Inspection issued by Vina-control within 10 days since arrival the cargo.
- Any addition, amendment or revision made out to this Sales contract is valid if only made in
writing and to be mutually confirmed by the two parties.
- This contract shall be signed by both parties via email or facsimile.
- This contract comes into effect to from the signing date.