SALES CONTRACT

Contract No.: EVB/GPP-01

Date: Mar 23rd, 2022

The Buyer: GLORY POLYMER PVT LTD

Add: Niamatpur, West Nilphamari Road (By-Pass Road) Saidpur, Dist:- Nilphamari,
Bangladesh
Tel : +880-5526-73474 Fax :
Represented by: Mr. Arman Ali / Zikrul Hoque - Manager/ Chairman
Email: gloryceramicspvtltd@yahoo.com

The Seller: VIET BAC TRADING INTERNATIONAL JOINT STOCK COMPANY

Add: 12th Floor Ho Guom Plaza, 102 Tran Phu, Ha Dong district, Hanoi city, Vietnam
Tel: +84-937866999 Fax:
Represented by: Mrs. Nguyen Thi Nhung – Director
I3110
Both sides agree on the following contract:
1. COMMODITY – QUANTITY – PRICE
QUANTITY UNIT PRICE AMOUNT
PRODUCT DESCRIPTION (CIF
(Ton) (CIF CHITTAGONG)
CHITTAGONG)
Poly Propylene
Model: BSR-I3110
BSR-T3034 Homopolymer 24.75 $1,630 $40,342.50
Packing: 25 Kilograms/Bag
990 Bags / 40ft. Container
FOB Da Nang Vietnam Total amount: $35,577.58
Ocean Freight: $4,764.92

Total Amount: $40,342.50

( In words: US Dollars Forty thousand, three hundred and forty-two dollars, fifty cents./. )
Tolerance: +/-5% in total quantity/amount is acceptable.
Origin of goods: VIET NAM
Manufacturer: BINH SON REFINING & PETROCHEMICAL, JSC
Mnf. Date: 2022
2. DELIVERY:
Time of shipment: Within 20 days after Seller receiving Irrevocable Letter of Credit at sight (IR L/C at
sight).
Port of loading: Chu Lai port, Vietnam
Port of discharge: Chittagong port, Bangladesh
Delivery terms: CIF as Incoterms 2020
Destination port: Chittagong, Bangladesh.
Notice of shipment: after loading the goods, the Seller shall notify by fax/email to Buyer the following
information :
 Contract number.
 Name of goods, quantity, gross weight / net weight, packages, amount.
 Clean B/L
3. PAYMENT:
Payment will be performed by Irrevocable Letter of Credit at sight by 100% contract value with the
following details:

L/C ISSUING BANK: TRUST BANK LIMITED (DILKUSHA CORPORATE BRANCH)

SWIFT: TTBLBDDH017
BANK ADDRESS: 36, DILKUSHA C/A, DHAKA-1000, BANGLADESH

BENEFICIARY NAME: CONG TY CP TM QUOC TE VIET BAC

BENEFICIARY BANK: JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND
DEVELOPMENT OF VIETNAM (BIDV) - HA THANH BRANCH
ADDRESS: No. 74 THO NHUOM STREET, TRAN HUNG DAO WARDS, HOAN KIEM DISTRICT,
HANOI, VIETNAM
Account number: 1221 037 008 5319 Freight Prepaid
SWIFT: BIDVVNVX

Documents send to buyer’s Bank:

- Clean on board B/L marked “Freight Collect”: 03 originals.
- Commercial Invoice : 03 originals
- Detailed Packing List: 03 originals
- Certificate of Origin issued by Vietnam Chamber of Commerce: 01 original and 02 copies.

5. FORCE MAJEURE
Neither party shall be held liable in full or part if it fails to fulfill their obligations hereunder, in case
this non-fulfillment results from force-majeure events, namely: fire, natural disasters, acts of war,
prohibition of government, embargo, extreme weather conditions, strikes, civil disorders or other
circumstances known as force-majeure, if these circumstances have directly influenced performance of the
present Contract. In this case the terms of obligations performance are postponed for the period
proportionate to the time during which these circumstances were in force.
The Party for whom it becomes impossible to meet own obligations hereunder, shall immediately
notify the other Party as regards the beginning and the cessation of the force majeure events within 3 days
following the date of the beginning of the contingencies.

6. REMARK
If the material is proved not complying with the above specification, the Seller has to replace the goods
immediately and cover all the transportation cost to The Buyer’s warehouse or refund the invoice value to
the buyer within 15 days after the Buyer presents a copy of the analytical report showing that the material
does not conform to the specification in the attachment. In this case, the Seller will be responsible for paying
all the extra fees.

7. PENALTY
In case of delayed shipment/payment 30 days from the confirmed date, an additional penalty value of 5%
of invoice amount will be borne by the seller/buyer.
Cancellation of the contract: 8% of the contract value as penalty to the party cancels the contract.

8. ARBITRATION
This contract will be governed by provisions of “ INCOTERM 2020”. If any dispute arises under this
contract that is not solved by any amicable way, the matter shall be referred to Economics Court of the
S.R. of Vietnam in HCMC in accordance with rules.
The Buyer shall have the right to make claim to the Seller for quantity or packing condition within 30 days
after receipt of goods.

9. GENERAL CONDITION
This Contract comes into effect from signing date, any amendment and additional clause with these
conditions shall be valid only after confirmation in writing from both sides.

This Contract should be signed and sent by fax/email and will be valued and accepted as original.

FOR THE SELLER FOR THE BUYER

VIET BAC TRADING INTERNATIONAL GLORY POLYMER PVT LTD

JOINT STOCK COMPANY