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Contract Draft
Contract Draft
NO. :
DATE :
1. Seller
PT.
2. Buyer
PT. Berkah Alam Tropis
Jln. Jend. A. Yani, Ruko AA no.6(samping RSABK). Pontianak
3. Product
Palm Acid Oil
4. Quality
Product to be in conformity with below specifications
- Fatty acid content : 55 max
- Water content : 1% max
- Water and solid residue content : 1% max
5. Quantity
3,000MT +/-5% allowance at Seller’s option
6. Price
IDR3,700/kg FOB PONTIANAK, INDONESIA
7. Shipment
January or February, 2017 depending on the available chartering vessel
8. Origin
Indonesia
9. Packing
In bulk
10. Payment
By means of Telegraphic Transfer to be remitted for 90% of the quantity on the date of presentation
of the following shipping documents after the barge with the product arrives at Pontianak.
By means of Telegraphic Transfer to be remitted for the residual quantity on the date of
presentation of the following shipping document after loading product to the ship is finished.
11. Control
1) Quantity and Quality shall be supervised at the seller’s ex-tank and the loading port by an
international independent surveyor which is seller's account.
2) B/L quantity shall be decided by mother vessel's received quantity.
3) Seller shall provide the GHS MSDS.
12. Shipment
1) Upon arrival at customary anchorage at port of loading, the Master or his agent
shall give the seller or their agent notice by letter, telegraph, wireless or telephone
that vessel is ready to load cargo, and laytime shall commence upon the expiration of six (6)
hours after receipt of such notice, or upon the vessel's loading commencement whichever
first occurs. However, where delay is caused to vessel getting into port after giving notice
of readiness for any reason over which buyers have no control, such delay shall not count
as used laytime.
2) Laytime for discharging will be 150MT/HR SHINC calculated as PRORATA.
3) In case of demurrage if any, seller's account at the loading port(provided not caused
by buyer's failure of any of their obligations under the present contract) and buyer's
account at the discharging port(provided caused by buyer's failure of any of their
obligations under the present contract) as per governing charter party. Any delay
due to vessel's condition or breakdown or inability of the vessel's facility to discharge
cargo within the time allowed shall not count as used laytime. Time consumed by the vessel
in moving from loading port/berth, discharging ballast water or slops, will not be counted
as used laytime.
4) Buyer shall give notice of expected vessel arrival by e-mail on working days, 30 days
- 20 days - 10 days - 7 days - 5 days - 3 days - 2 days - 1 day prior to arrival at loading port.
5) Others as per ASBATANKVOY
13. Title
The title to the goods is deemed to be transferred from seller to buyer immediately
upon buyer’s payment for 90% of the quantity to seller.
17. Claims
Seller agrees to discount IDR /kg if M&I is over by 0.1%.
Claims, if any, must be substantiated within 90 days after arrival date. Beyond that period no claim
will be considered by seller and buyer.
18. Arbitration
All disputes, controversies, or differences which may arise between the parties, out of,
or in relation to, or in connection with this contract, or for the breach thereof, shall be
finally settled by arbitration in Singapore in accordance with the ICC Rules
and under the Laws of state of Singapore. The award rendered by the arbitrator(s) shall be final and
binding upon both parties concerned.