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    SC Laf-Ishu-190124

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    SC LAF-ISHU-190124

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    SC Laf-Ishu-190124

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    julsworking13
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    SC LAF-ISHU-190124

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    SC LAF-ISHU-190124

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    SC LAF-ISHU-190124

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    © All Rights Reserved
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    Download as pdf or txt
    22 views3 pages

    SC Laf-Ishu-190124

    Uploaded by

    julsworking13
    SC LAF-ISHU-190124

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    SALES CONTRACT

    No. /LAF-ISHU/190124 Date 19 JAN., 2024

    SELLER: LONG AN FOOD COMPANY


    ADDRESS: NO. 10 CU LUYEN STR., WARD 5, TAN AN CITY,
    LONG AN PROVINCE, S.R. VIETNAM
    TEL: +84 2723820279 / FAX: +84 2723827587
    REP. BY: MR. VO QUYET THANG - THE DIRECTOR
    BUYER: ISHU TRADING FZ-LLC
    ADDRESS: P.O. BOX 16111, RAS AL KHAIMAH, UNITED ARAB EMIRATES
    REPRESENTED BY MR. HARDEEP KUMAR KALWANI – DIRECTOR

    Both sides have mutually agreed on the sale and purchase of Vietnamese rice subject to the
    following terms and conditions:

    1. Commodity: VIETNAMESE LONG GRAIN WHITE RICE 25% BROKEN


    2. Specifications
    Broken : 25% max (<=1/2 average length)
    Foreign Matters : 0.1 pct maximum
    Chalky Kernels : 8% max (basis ¾ grain)
    Yellow Kernels : 1.5% max
    Paddy Kernels : 25 grains per 01 kg max
    Moisture : 14% max
    Red/Red Streaked Kernels : 5% max
    Damaged Kernels : 1.5% max
    Waxy kernels : 1.0% max
    Whole kernel length average : 40% min
    Immature kernel : 1.0% max
    Average length of grain : 6.2 mm
    Milling Degree : well milled
    Crop Year : Crop 2023

    3/ Quantity: 810.00 MTS (+-5%) stuffed into 30 container 20’.


    4/ Unit Price - Packing & Marking : USD 639.00/MT packed in new PP bag 25kg.
    Marking: ISHU, each container will be loaded 20pcs empty bag.
    The price above bases on CIF COTONOU, BENIN. Incoterms 2010 to be applied. The
    prices above have included Terminal Handling Charges (THC) at loading port.
    Total amount: USD 517,590.00 (+/-5%) (US Dollars Five Hundred Seventeen Thousand
    Five Hundred Ninety only, five percent more or less)

    5/ Shipment period: In February, 2024. Transshipment is allowed

    6/ Loading port: Ho Chi Minh City Port, Vietnam.


    7/ Destination port: COTONOU, BENIN.
    8/ Insurance: To be for Seller 's account and responsibility.
    9/ Inspection: The inspection of weight/quantity/quality/packing and condition of goods
    shall be carried out by independence surveyor at Seller's expenses. All certificates to be
    final at loading port and binding the two parties.

    10/ Payment and document requirements: By TTR deposit 30% of total contract amount to
    seller’s account after signing contract. the 70% value of each shipment will be remitted within 05
    days after date of B/L and seller send shipping documents (B/L, invoice, packing list) to buyer via
    email. The Seller will release cargo after Seller receives full payment from the Buyer.

    Beneficiary’s name: Long An Food Company


    Bank’s account No.: 0309003703155
    Bank’s name: PUBLIC BANK HO CHI MINH CITY BRANCH
    Bank’s address: 88 NGUYEN DU STREET, BEN NGHE WARD, DISTRICT 1, HO CHI
    MINH CITY, VIETNAM
    Swiftcode: VIDPVNV5

    All bank fees and charges incurred by the Buyer’s bank are for the Buyer's account.
    All bank charges incurred by the Seller’s bank are for the Seller's account

    Documents required:
    a) Commercial Invoice in triplicate.
    b) Full set of 3/3 original and 3 non-negotiable copies of Shipped on Board Ocean
    Bills of lading.
    c) Certificate of Weight, Quantity, Quality issued by independence surveyor in 1
    original and 2 manually signed copies
    d) Certificate of Origin issued by Chamber of Commerce and Industry of Vietnam in 1
    original and 2 manually signed copies.
    e) Phytosanitary certificate issued by Plant Protection Department of Ministry of
    Agriculture and Rural Development in 1 original and 2 manually signed copies.
    f) Fumigation certificate issued by Vietnam Fumigation Joint Stock Company in 1
    original and 2 manually signed copies.
    g) Packing List in triplicate. After receipt of full payment form the Buyer, the Seller
    will send all stipulated original documents by courier service to the Buyer. The Buyer will
    bear cost/ detention/ demurrage for delay of receiving the cargo due to delay of payment to
    the Seller.
    11/ Fumigation:
    Cargoes to be fumigated in containers after completion of stuffing with Methyl
    Bromide of 50 grams/ cubic meter for 48 hours or Aluminium Phosphide for minimum 9
    grams/ cubic meter for 120 hours upon completion of loading. Such fumigation to be
    performed by Vietnam Fumigation Joint Stock Company at Seller's cost.

    12/ Title/ownership of goods & Risk: Seller shall deliver the cargo as per contract.
    Title/ownership of goods and risk of loss of cargo sold hereunder shall be passed from
    seller onto buyer upon the cargo loaded on board the vessel at time of loading at Ho Chi
    Minh City port, Vietnam.

    13/ Force Majeure: Due to problems happening beyond the Seller’s control, such as, but
    not limited to civil war, act of God, labor strike, natural disasters, the Seller shall not be
    responsible for non-delivery or delay in the delivery resulting from such occurrence. In
    such case, the Seller has to inform to the Buyer within 07 days afterwards and may either
    postpone delivery until removal of the causes or to cancel contract under mutual
    agreement.

    14/ Arbitration: Any discrepancies and/or disputes arising out of or in connection with
    this contract which are not settled amicably the shall be referred to arbitration at Vietnam
    International Arbitration Center (V.I.A.C) at the Vietnam Chamber of Commerce and
    Industry in accordance with its Arbitration Rules, whose decision to be final and binding
    on both parties. Arbitration fees will be for the lossing part's account.
    16. Amendment: Any amendments or alternations of the terms of this contract must be
    mutually agreed previously and made in writing.

    15/ Taxation: Any and all necessary export permits, licenses, taxes and/or duties levied on
    the cargo in the country of origin shall be for the account and risk of the Seller. Any and
    all necessary import permits, licenses, taxes and/or duties levies on the cargo in the
    country of transshipment and destination shall be for the account and risk of the Buyer.

    This contract comes into effect after contract signing by both parties.
    This Contract is drawn up in English in 04 (four) originals with equal legal value, 02 (two)
    of which are kept by each party.

    THE BUYER FOR THE SELLER

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