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SALES CONTRACT

THE SELLER PROMISING INTERNATIONAL TRADING CO. DMCC

CLUSTER I AG (SILVER) TOWER, JLT
OFFICE 9 D-E
DUBAI UAE

THE BUYER [PLEASE INSERT FULL BUYERS DETAILS]

NOTIFY PARTY FULL NAME: [PLEASE INSERT NOTIFY NAME TO APPEAR ON BL]

THIS CONTRACT FORMED BETWEEN THE (BUYER AND THE SELLER) CONFIRMING THAT THE BUYER
ACCEPT TO BUY AND THE SELLER ACCEPT TO SELL THE FOLLOWING COMMODITIES UNDER THE
FOLLOWING TERMS AND CONDITIONS:

COMMODITY:
WHITE REFINED SUGAR ICUMSA 45 RBU
ORIGIN : BRAZIL
WHITE REFINED SUGAR- ICUMSA 45 RBU SHALL CONFORM TO THE FOLLOWING
THE SUGAR TO BE SUPPLIED IS 100% FIT FOR HUMAN CONSUMPTION.
SPECIFICATIONS:
ICUMSA : 45 RBU ICUMSA
ATTENUATION INDEX UNITS METHOD # 10-1978
ASH CONTENT : 0.04% MAXIMUM BY WEIGHT
MOISTURE : 0.04% MAXIMUM BY WEIGHT
MAGNETIC PARTICLES : MG/KG 4
SOLUBILITY : 100% DRY & FREE FLOWING
GRANULATION : FINE STANDARD
POLARIZATION : 99.80 MINIMUM
MAX AS : 1 P.P.M.
MAX OS : 2 P.P.M.
MAX CU : 3 P.P.M.
COLOUR : SPARKLING WHITE
SEDIMENTS : NONE
SO : MG/KG 20
REDUCING SUGAR : 0.010% MAXIMUM IN DRY MASS
RADIATION : NORMAL W/O PRESENCE OF CESIUM OR IODINE SO2: CERTIFIED
SUBSTANCE : SOLID, CRYSTAL
SMELL : FREE OF ANY SMELL
HPN STAPH AUREUS : PER 1 GRAM NIL
MICROBIOLOGICAL LIMITS : PATHOGENIC BACTERIA INCLUDING SALMONELLA PER 1 GRAM NIL BACILLUS PER 1
GRAM NIL MAXIMUM MG/KG BASIS DDT 0.005 PHOTOXIN 0.01 HEXACHLORAN
PESTICIDE TRACES : GAMMA ISOMER 0.005

SHIPPING TERMS : CIF

DISHARGE PORT : JEBEL ALI PORT- UAE

SHIPPING PERIOD : NOV/DEC/JAN

QUANTITY : 100,000MT + / - 5 % SELLERS OPTION

PACKING : IN BREAK BULK WITH STANDARD BAG MARKING

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PRICE : USD 430.00 / MT

TOTAL CONTRACT VALUE: USD 43,000, 000.00

PARTIAL SHIPMENT : ALLOWED

TRANSSHIPMENT : ALLOWED

BUYER'S BANK : PLS INSERT FULL STYLE BANK DETAILS

SELLERS BANK : MASHREQ BANK PSC DUBAI UAE

PAYMENT TERM : 100% IRREVOCABLE CONFIRMED LETTER OF CREDIT PAYABLE AT SIGHT,

PAYMENT
MUST BE DONE WITHIN 2 BANKING DAYS UPON PRESENTATION OF
DOCUMENTS.

SHIPPING / COMMERCIAL DOCUMENTS UNDER LC

FULL SET OF BILL OF LADING SHALL BE ISSUED OR ENDROSED TO THE ORDER OF [LC ISSUING BANK
NAME] AND MARKED FREIGHT PRE PAID AND NOTIFY AS [please insert Notify name]
COMMERCIAL INVOICES 3 ORIGINAL AND 3 COPIES
CERTIFICATE OF ORIGIN 1 ORIGINAL AND 2 COPIES ISSUED BY CHAMBER OF COMMERCE IN COUNTRY OF
ORIGIN OR COUNTRY OF LOADING
PHYTOSANITARY CERTIFICATE 1 ORIGINAL AND 2 COPIES BY GOVERNMENT AUTHORITY / COMPETENT
AUTHORITY
HEALTH CERTIFICATE 3 ORIGINAL AND 3 COPIES BY COMPETENT AUTHORITY OR INDEPENDENT
SURVEYORS
RADIATION CERTIFICATE 1 ORIGINAL AND 2 COPIES TO SHOW FREE FROM ANY HARMFUL RADIATION BY
GEOCHEM / BUREAU VERITAS / CIS OR SGS - SELLER OPTION
WEIGHT, QUALITY AND CONDITIONS CERTIFICATE 3 ORIGINAL AND 3 COPIES BY GEOCHEM / BUREAU
VERITAS / CIS OR SGS - SELLER OPTION
NON GMO CERTIFICATE 1 ORIGINAL AND 3 COPIES BY GEOCHEM / BUREAU VERITAS / CIS OR SGS - SELLER
OPTION
HOLDS INSPECTION CERTIFICATE 1 ORIGINAL AND 2COPIES BY GEOCHEM / BUREAU VERITAS / CIS OR SGS
- SELLER OPTION
FUMIGATION CERTIFICATE 1 ORIGINAL AND 2 COPIES FROM COMPETENT AUTHORITY OR INDEPENDENT
SURVEYORS

ADDITIONAL CONDITIONS
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ALL CHARGES AT APPLICANT BANK ON APPLICANT ACCOUNT

ALL CHARGES AT BENEFICIARYS BANK ARE ON BENEFICIARY ACCOUNT
THIRD PARTY DOCUMENTS ACCEPTABLE EXCEPT COMMERCIAL INVOICE And DRAFT
DOCUMENTS PRESENTED LATER THAN 21 DAYS AFTER SHIPMENT DATE WITHIN L/C VALIDITY
ACCEPTABLE.
CHARTER PARTY B/L ACCEPTABLE, DULY SIGNED BY THE MASTER OR AGENTS
DUAL LANGUAGE DOCUMENTS ALLOWED PROVIDED ONE OF THE LANGUAGES IS ENGLISH
5 % PLUS OR MINUS TOLERANCE ON BOTH QUANTITIES & AMOUNT ACCEPTABLE

SHIPPING TERMS AND CONDITIONS

THE CARGO WILL BE SHIPPED IN SUITABLE SEA VESSEL, IN BREAK BULK

DISCHARGE RATE IS 4000 MT PWWD FSHEX EIU
DEMURRAGE/DISPATCH: DEMURRAGE TO BE AS PER THE CHARTER PARTY TERMS AND CONDITIONS/ NO
DISPATCH , THE DEMURRAGE TO BE SETTLED BY BUYER WITHIN 10 WORKING DAYS AS PER LAY TIME
CALCULATION PROVIDED BY THE SELLER ALONG WITH SOF DULLY SIGNED BY THE AGENT / MASTER OF
THE VESSEL.
AGENT AT THE DISCHARGE PORT TO BE NOMINATED BY THE SELLER.
1ST SHIFTING OF VESSEL (IF ANY) AT DISCHARGE PORT ON SELLERS ACCOUNT, ALL SUBSEQUENT
SHIFTING (IF ANY) ON BUYERS ACCOUNT
ANY DAMAGE TO THE VESSEL AT THE DISCHARGE PORT TO BE ON THE BUYERS ACCOUNT.
LAY-TIME STARTS TO COUNT AT 01.00 P.M. OF THE SAME DAY IF N.O.R. IS VALIDLY TENDERED BETWEEN
08.00 A.M. AND NOON AND AT 8.00 A.M. THE NEXT WORKING DAY IF N.O.R. IS VALIDLY TENDERED
BETWEEN NOON AND 5.00 P.M. LOCAL TIME FROM SUNDAY 08.00A.M. TO THURSDAY 17:00. TIME FROM
THU 17:00 (OR AT 17:00 ON A DAY PRECEDING OFFICIAL HOLIDAY) TILL NEXT SUNDAY AT 8.00A.M. (OR AT
8.00 A.M. ON THE DAY FOLLOWING HOLIDAY) NOT TO COUNT, EVEN IF USED. ALL OTHER TERMS AND
CONDITIONS AS PER RELEVANT C/P.
IN CASE THE VESSEL ARRIVED TO THE DISCHARGE PORT WHILE ORIGINAL B/LS NOT AVAILABLE, THE
DISCHARGE OF THE GOODS TO BE AGAINST DULLY SIGNED LOI.
ALL DISCHARGE PORT CHARGES ON BUYERS ACCOUNT
ALL WAITING TIME AT DISPORT ON ANCHORAGE TO BE COUNT AS LAY TIME.

INSURANCE

THE SELLER SHALL PROVIDE INSURANCE CERTIFICATE FOR INVOICE AMOUNT +10 PCT COVERING ALL
RISKS FOR FULL VALUE WITHOUT ANY DEDUCTION IN FAVOUR OF [LC ISSUING BANK]

ARBITRATION CLAUSE

ANY DISPUTE ARISING OUT OR UNDER THIS CONTRACT SHALL BE SETTLED BY ARBITRATION IN
ACCORDANCE WITH THE ARBITRATION RULES NO. 125 OF GRAN AND FREE TRADE ASSOCIATION, IN THE
ADDITION CURRENT AT THE DATE OF THIS CONTRACT, SUCH ARBITRATION TO TAKE PLACE IN
LONDON/ENGLAND

SANCTION CLAUSE
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NOTHING IN THIS CONTRACT IS INTENDED TO OR SHALL REQUIRE EITHER PARTY TO TAKE ANY ACTION
THAT IS REASONABLY BELIEVES IS LIKELY TO PLACE IT OR ITS AFFILIATES IN A POSITION OF
NONCOMPLIANCE WITH OR IN CONTRAVENTION OF THE LAWS, REGULATIONS, RESOLUTIONS, DECREES OR
RULES OF UNITED NATIONS, THE UNITED STATE OF AMERICA, OR THE EUROPEAN UNION AS MAY BE
AMENDED FROM TIME TO TIME, INCLUDING BUT NOT LIMITED THOSE LAWS, REGULATIONS, RESOLUTIONS
OR DECREES OR RULES WHICH RELATES TO SANCTIONS, TRADE EMBARGOES. FOREIGN EXPORTS / TRADE
CONTROLS / ANTI BRIBERY AND CORRUPTION MEASURES OR INTERNATIONAL BOYCOTTS OF ANY TYPE.

FORCE MAJEURE, STRIKES ETC

SHOULD THE EXECUTION OF THIS CONTRACT OR ANY UNFULFILLED PORTION THEREOF BE PREVENTED BY
STRIKES, BREAKDOWN OF MACHINERY, INCLUDING THE LATE ARRIVAL OF THE RAW MATERIAL CAUSED BY
FORCE MAJEURE, OR BY ANY CAUSE COMPREHENDED IN THE TERM "FORCE MAJEURE", PROVIDED THAT
NOTICE HAS BEEN SERVED BY SELLERS WITHIN 7 CONSECUTIVE DAYS FROM THE OCCURRENCE, OR NOT
LATER THAN 30 CONSECUTIVE DAYS BEFORE THE COMMENCEMENT OF THE DELIVERY PERIOD,
WHICHEVER IS LATER, THE TIME FOR DELIVERY SHALL BE EXTENDED FOR A PERIOD OF 30 CONSECUTIVE
DAYS. AFTER THE ADDITIONAL PERIOD OF 30 CONSECUTIVE DAYS, THE CONTRACT SHALL BE VOID FOR
THE UNFULFILLED PORTION SO PREVENTED. BUYERS SHALL HAVE NO CLAIM
AGAINST SELLERS FOR DELAY OR NON-FULFILMENT UNDER THIS CLAUSE, PROVIDED THAT SELLERS SHALL
HAVE SUPPLIED TO BUYERS IF REQUIRED, SATISFACTORY EVIDENCE TO JUSTIFY THE DELAY OR NON-
FULFILMENT

SELLER BUYER

PROMISING INTERNATIONAL TRADING CO DMCC xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

DUBAI UAE xxxxxxxxxxxxx