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HHA EDN

This commercial contract, dated February 21, 2025, is between Hung Hau Agricultural Corporation (the Seller) and Ednutrex LLP (the Buyer) for the sale of 54,432 KGS of Cashew Kernel WW240 at a total price of $430,013. Shipment is scheduled for March 2025 from Hochiminh City Port to the United Kingdom, with specific payment terms and required shipping documents outlined. The contract includes provisions for arbitration in case of disputes and is valid until the end of June 2025.

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6 views

HHA EDN

This commercial contract, dated February 21, 2025, is between Hung Hau Agricultural Corporation (the Seller) and Ednutrex LLP (the Buyer) for the sale of 54,432 KGS of Cashew Kernel WW240 at a total price of $430,013. Shipment is scheduled for March 2025 from Hochiminh City Port to the United Kingdom, with specific payment terms and required shipping documents outlined. The contract includes provisions for arbitration in case of disputes and is valid until the end of June 2025.

Uploaded by

singhabhimanyu1096
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

COMMERCIAL CONTRACT

NO. HHA/EDN 092-01/25

Date: 21nd February 2025.

BETWEEN: HUNG HAU AGRICULTURAL CORPORATION


- Company office: 1004A Au Co St., Tan Phu Dist., Hochiminh city, Vietnam
- Tel.: 84-8-39741136 – Ex: 34 Fax: 84-8-3975 0481
- Bank: United Overseas Bank (Vietnam) Limited
- Address: Central Plaza Office Building, 17 Le Duan Boulevard, Ben Nghe Ward, District 01,
Hochiminh City, Vietnam
- Account No.: 1029317785
- Swift code: UOVBVNVX
- Represented by: Mr. Nguyen Hoang Tan – General Director
Hereinafter called ‘‘THE SELLER”

AND: EDNUTREX LLP


- Company office: 33 Cavendish square, London, W1G OPW England, United Kingdom.
- Represented by: Mr. Eric Smitdt – Director
Hereinafter called “THE BUYER ‘’
It is mutually agreed between both sides to sign this contract with terms and conditions as follows:

Article 1: COMMODITY - SPECIFICATION –QUANTITY and PRICE


COMMODITY WEIGHT UNIT PRICE TOTAL AMOUNT
(KGS NW) FOB Ho Chi Minh (USD)
city port
(USD/KG)
Cashew Kernel WW240 54,432 7.9 430,013
• Moisture: 5% max
• Defect: 8% max
• Broken: 7% max
• Lower Size Grade: Max 7%
• Packing: 22.68kg/flexipack/carton
• Quantity: 2 container 40ft (27.216 tons)
• Quality: AFI
Total 2 containers 40ft 54,432 - 430,013
(More/ less 5% in quantity and amount are accepted.)
Total Amount: ONLY FOUR HUNDRED THIRTY THOUSAND AND THIRTEEN US DOLLARS./.

Article 2: SHIPMENT AND DELIVERY TERMS


2.1/ Time of Shipment : March 2025
2.2/ Port of loading : Hochiminh City Port, Vietnam
2.3/ Port of discharge : United Kingdom port
2.4/ Partial shipments : Not Allowed
2.5/ Shipping method : In dry container by ocean vessels

Article 3: PRODUCT QUALITY:


* Quality: The goods meet the specifications as the customer requirements.
* The Buyer has responsibility for all importing licenses and procedures of cargo to United Kingdom.

Article 4: PAYMENT TERM


- By TTR 20% (86,003 USD) deposit within 2 working days from signing contract date, and TTR balance
amount 344,010 USD against scanned full set of documents. The seller will make telex release on Bill of
Lading and will be sending the original documents to the buyer once the seller receives the full payment.
- Amount of Contract: USD 430,013
Contract HHA/SEI 092-01/2025 Page 1 of 2
- Currency of payment: USD (United States Dollar)
- Bank charge outside Vietnam in Buyer account.

Article 5: SHIPPING DOCUMENTS


- The shipping documents required as follows:
+ Telex Release Bill of Lading (one copy)
+ Signed Commercial Invoice in triplicate.
+ Packing list in triplicate
+ Certificate of Origin
+ Phytosanitary Certificate

Article 6: ARBITRATION
6.1/ In the execution course of this Contract, all disputes arising out of or relation to this Contract which not
reaching at amicable agreement shall be finally settled by The Vietnam International Arbitration Center at
the Vietnam Chamber of Commerce and Industry whose awards shall be final and binding both parties.
6.2/ Arbitration fee and other related charges shall be borne by the losing party, unless otherwise agreed.

Article 7: GENERAL CONDITION


7.1/ This Contract comes into effect from the signing date to end of June 2025, any amendment and
additional clause to these conditions shall be valid if made in written form and duty confirmed by both sides.
The Contract signed by fax is valid.
7.2/ This Contract including 2 pages made in 2 copies in English and Each party keep 1 copy with equal
value.
7.3/ This Contract is subjected to Incoterms 2010.
In case of any circumstances preventing either Party from complete or partial fulfillment of the
Contractual obligations, namely: fire, natural disasters, strike, war or military operations, embargo, adopting
of legal acts of government authorities mandatory for the Parties, the date of fulfillment of the contractual
obligations shall be changed in accordance with the duration period of such circumstances.
Either Party affected by circumstances which make fulfillment of the contractual obligations impossible
shall notify the other Party of commencement and cessation of such circumstances within seven days.
Documents issued by the official letter of Authority of the country, on the territory of which the specified
force majeure circumstances of the Seller and the Buyer correspondently took place, shall be sufficient proof
of occurrence, existence, and duration of such circumstances.
The Party shall not be entitled to invoke force majeure circumstances arisen after expiration of the period
for fulfillment of the obligation hereunder as an excuse for release from fulfillment of such obligation
hereunder or from liability for late fulfillment of the obligation.

FOR THE SELLER FOR THE BUYER

Contract HHA/SEI 092-01/2025 Page 2 of 2

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