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CONTRACT

Contract No.: --------------------

Date: 04th of May, 2021

BETWEEN:
SELLER:
Company
Registration No.
Tax No.
Address
Contact Name
Phone
E-Mail:

BUYER:

Company

Registration No.

Tax No.

Address

Contact Name

Phone

E-Mail:
As the basis of the purchase contract, both seller and buyer accept the terms and conditions set out in this contract as
following:

1. COMMODITY:

2. ORIGIN:

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3. SPECIFICATIONS:

4. SHIPPMENTS ------- SHIPPMENTS ACCORDING TO THE CARRIER

5. TOTAL QUANTITY : 1000.000 METRIC TON (50,000 MT MONTHLY)

6. PACKING:

7. TARGET PRICE: USD PER ONE METRIC TON

8. TOTAL CONTRACT 00,000,000 USD “--------- MILLION US-DOLLAR.”

9. SHIPPING TERMS: CIF

10. INSPECTION: SGS OR BUREAU VERITIES

11. DESTINATION PORT: --------XXXXXXX-------- PORT OF XXXXX ---------------

12. DELIVERY ON The first shipment will arrive within 35 - 45 +/- 10 days from the date of
issuance of the letter of credit and its appearance in the seller's bank records.

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DESTINATION:

13. PAYMENT METHOD: 100% LC AT SIGHT, IRREVOCABLE, TRANSFERABLE, ISSUED OR

CONFIRMED BY THE SELLER BANK APPROVAL (SWIFT MESSAGE
MT700). EACH SHIPPING WILL BE PAID THROUGH MT103 AGAINST
THE SHIPPING DOCUMENTATION AND SGS INVESTIGATION
RAPPORT.AT LOADING PORT.

14. PRODUCT  Bill of lading

DOCUMENTATION:
 Commercial invoice

 Packing list

 Certificate of Origin

 SGS Inspection report or bureau verities

 Cargo insurance certificate

15. WARRANTY: The Seller warrants that the goods shall be free of any encumbrance and are
not fraudulent. The seller warrants that the goods are free of any right or claim
of a third party.

16. DEFAULT: The occurrence of any of the following shall constitute a material default under
this Contract:

 The failure to make a required payment when due,

 The insolvency or bankruptcy of either party,
 The subjection of any of either party’s property to any levy, seizure,
general assignment for the benefit of creditors, application or sale for
or by any creditor or government agency,
 The failure to make available or deliver the Goods in the time and
manner provided for in this Contract.

17. REMEDIES ON In addition to any and all other rights a party may have available according to
law, if a party defaults by failing to substantially perform any provision, term
DEFAULT:
or condition of this Contract, the other party may terminate the Contract by
providing written notice to the defaulting party. This notice shall describe with
sufficient detail the nature of the default. The party receiving such notice shall
have seven days from the effective date of such notice to cure the default(s).
Unless waived by a party providing notice, the failure to cure the default(s)
within such time period shall result in the automatic termination of this

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Contract. If one of the parties fails to fulfill its obligation, the other party shall
be entitled to compensation equal to the loss suffered as a result of the non-
performance of the obligation.

18. FORCE MAJEURE: Neither party shall be liable for any non-performance or delay in performance
of the terms of this contract due to force majeure. The term force majeure shall
include, without limitation, acts of God, fire, explosion, vandalism, storm or
other similar occurrence, orders of military or civil authority, or by national
emergencies, insurrections, riots, or wars, or strikes, lock-outs, work stoppages.

The excused party shall use reasonable efforts under the circumstances to avoid
or remove such causes of non-performance and shall proceed to perform with
reasonable dispatch whenever such causes are removed or ceased. An act or
omission shall be deemed within the reasonable control of a party if
committed, omitted, or caused by such party, or its employees, officers, agents,
or affiliates.

19. DISPUTES: The courts of the United Arab Emirates are the authority entrusted with settling
disputes between the parties to this contract.

20. CONFIDENTIALITY:
Both parties acknowledge that during the course of this Contract, each may
obtain confidential information regarding the other party’s business. Both
parties agree to treat all such information and the terms of this Contract as
confidential and to take all reasonable precautions against disclosure of such
information to unauthorized third parties during and after the term of this
Contract. Upon request by an owner, all documents relating to the confidential
information will be returned to such owner.

21. LANGUAGE USED IN Only English languages shall be used in all papers. All documents received by
e-mail or other electronic means have the same power as original documents,
DOCUMENTS

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and called as “fax copy”.

22. ASSIGNMENT This contract is not assignable and transferable by either party, without prior
permission of the other party.

23. GOVERNING LAW This contract is governed by the laws of the United Arab Emirates.

24. NON- Buyer and Seller respect the confidential nature of this contract and agree to
CIRCUMVENTION maintain in strictest confidence the names of the parties whose identities may
AND NON- become known to one another through either the tendering of documents or
DISCLOSURE assembly of banking or government approvals. The parties agree to maintain
strict confidentiality concerning the identities of the parties directly or
indirectly involved in this transaction.

All data remain the property of the party who has brought the respective data
into this transaction.

Buyer & Seller don’t have any right to send out original documents to an
outside party not mentioned in this contract, their copies, and also any
documents related and any past records, that is strongly protected by this
contract, and fixed there, signed by both parties.

Any of the parties breaching this rule will be liable for any damages resulting
from such action, regardless of whether they are committed deliberately or by
negligence.

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25. Seller Bank Info. BANK NAME

Branch and Branch
Address
Bank Officer’s Name
Telephone Number’s
Bank Officer Email
Account Name
Account Signatory Name
Account Number
SWIFT CODE

26. Buyer Bank Info. BANK NAME

Branch and Branch
Address
Bank Officer’s Name
Telephone Number’s
Bank Officer Email
Account Name
Account Signatory Name
Account Number
SWIFT CODE

27. ENTIRE CONTRACT: This contract contains the entire agreement of the parties regarding the subject
matter of this contract, and there are no other promises or conditions in any
other agreement whether oral or written. This Contract supersedes any prior
written or oral agreements between the parties.

28. AMENDMENT This Contract may be modified or amended if the amendment is made in
writing and signed by both parties.

29. CONTRACT From the date of signing of this contract, all-previous respective negotiations
SIGNATORIES and correspondence by telephone, fax, mail or e-mail are null and void. This
contract is not connected with other contracts of the seller and the buyer, from
which juridical or financial consequences may occur.

In witness whereof, the parties have signed below to accept and approve all
terms and conditions contained in this contract.

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This contract consists of twenty-nine items and six pages.

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE DULY EXECUTED

THIS CONTRACT BY THEIR AUTHORIZED REPRESENTATIVES BELOW:

SELLER SIGNATURE BUYER SIGNATURE

------------------

-----------------
Director Director

STAMP STAMP

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