Professional Documents
Culture Documents
Assignment: Group
Assignment: Group
, LTD
GROUP
ASSIGNMENT
Import- Export IEI301
WCO – IB1504
Prepared by
- Established in 2020, WCO Export Import Company is a leading import-export company in Vietnam
in the field of food and food, headquartered at 45 Hai Ba Trung Street, Soc Trang city, Vietnam.
- In recent years, WCO has always been learning, building and developing, the company has constantly
promoted the traditional business field, at the same time expanded more business segments, imported
and exported many diversified products, creating breakthroughs to gradually affirm the position of a
leading enterprise in Vietnam in import and export services.
With available potential along with constant efforts and creativity, WCO Import-Export Co., Ltd always
believes and is consistent with the goal of becoming a leading domestic and international enterprise. trusted
partner of domestic and foreign companies and groups.
Contact Us:
- Tel:(+84.24) 38.512589, Fax:(+84.24) 38.512755
- Tax code: 400535621
- Account No (VND): 1006 7687 9090
- Account No (USD):0786 8989 9090 (Saigon Thuong Tin Commercial Joint Stock Bank)
- Email: contact@wco.vn
- Represented by: Ms. Nguyen Vo
- Sunfolk Group INC is an importer of USA, is a company specializing in the field of importing food
products, have importer address: 136-20 38TH AVE FLOOR 12 FLUSHING NY 11354 USA.
Sulfolk ecosystem with 3 important factors:
- Market access: In recent years, Sunfolk has continuously invested and developed its strengths, focusing
on promoting logistics. Through the time of construction and development, the company has affirmed its
position in a competitive environment thanks to its strategic plan, high quality standards, and sensitive
business policies, saving costs and safety. . We always follow the business principles of taking credit
first and try to satisfy customers
- Sourcing: With the goal of becoming one of the leading importers in the USA, Sunfolk has successfully
built a solid supply chain system. The supply chain model focuses on building a foundation and
standardizing supply operations with effective management solutions. Strengthening strong relationships
with suppliers and managing inventory are two important factors for the success of the business.
Operating costs are saved to the maximum, bringing great benefits to customers; Goods delivered to
consumers are guaranteed quality, reasonable price.
- Human resources: In its human resource development strategy, Sunfolk Company pays special attention
to consolidating and developing a team of managers and executives. Over the years, the quality of the
management team has been significantly improved, all positions have met the requirements of title
standards, high professional qualifications and rich experience. With the promotion of training activities,
up to now, the Company's staffs are all highly qualified, suitable for current and future job requirements.
Contact Us:
- Tel: +1 917 903 0202, Fax: +1 718 366 6188
- Tax code: 400412345
- Account No (USD):0764 6787 8888 (New York Community Bank)
- Email: contact@sunfolk.us
- Represented by: Mr. Brian Walter
VI. DOCUMENT
EXPORT RICE SALES CONTRACT
No. 04102022WTO
Date: October 04, 2022
THE BUYER
Name: SUNFOLK GROUP INC
Address: 136-20 38TH AVE FLOOR 12 FLUSHING NY 11354 USA
Tel: +1 917 903 0202 Fax: +1 718 366 6188
Tax code: 400412345
Account No (USD): 0764 6787 8888
New York Community Bank
Email: contact@sunfolk.us
Represented by: Mr. Brian Walter
THE SELLER
Name: WCO IMPORT-EXPORT CO., LTD
Address: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
Tel: (+84.24) 38.512589 Fax: (+84.24) 38.512755
Tax code: 400535621
Account No (VND): 1006 7687 9090
Account No (USD): 0786 8989 9090
Ngân hàng TMCP Sài Gòn Thương Tín (Saigon Thuong Tin Commercial Joint Stock Bank)
Email: contact@wco.vn
Represented by: Ms. Nguyen Vo
It has been mutually agreed to the sale and purchase of rice on the terms and conditions as follows:
2. Price:
Unit Price
Item Description Q’ty (kgs) Total Value (USD)
( USD/ kg)
Vietnamese Fragrant Rice ST25
01 25000 1,05 26250
Origin: Vietnam
TOTAL 26250
In words: US Dollar twenty six thousand two hundred and fifty only
Delivery: FOB SAIGON PORT/ WCO IMPORT-EXPORT CO., LTD TOTAL: USD 26250
3. Specification:
Moisture: 14.0% max
Foreign master: 0.5% max
Broken: 5.00% max
Whole grain: 40.00% min
Damaged kernel: 0.5% max
Chalky kernel: 2.00% max
Red kernel: 0.5% max
Immature kernel: 0.2% max
Milling degree: Well milled, double polished and sortexed
4. Packing:
Rice to be packed in single new jute bags of 50 kgs net each, about 50.6 kgs gross each, hand-sewn at mouth with jute twine thread suitable
for rough, handling and sea transportation. The Seller will supply 0.2% of new jute bags, free of charge, out of the quantity of bags shipped.
6. Payment term:
Payment method: Letter of Credit (L/C)
Seller Bank details:
- Seller bank account: 254 6856 6536 (USD)
- Beneficiary company: WCO IMPORT-EXPORT CO., LTD
- Address: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
- Bank name: Saigon Thuong Tin Commercial Joint Stock Bank
- Address: 72 Pham Ngoc Thach, Ward 6, District 3, Ho Chi Minh City
- Swift code: BFTV VNVX
Banking charge: all expenses and charges inside Vietnam are for the seller’s account. All banking charges outside Vietnam are for the buyer’s
account.
After signing the contract, the Buyer or the Buyer's nominee (SUNFOLK GROUP INC) shall telex asking the Seller to open P.B
(Performance Bond) of 1% of total L/C amount at JSC Bank within two days thereof. The Seller shall open P.B and inform the Buyer; then,
four days after receiving JSC Bank's confirmation; the Buyer shall open a telegraphic, irrevocable and confirmed L/C which is in conformity
with this contract by New York Community Bank at sight with TTR (Telegraphic Transfer Reimbursement) acceptable for 25 000 kgs in
favor of WCO Import-Export Co., Ltd through the Bank of Vietnam. For 25 000 kg the Buyer or Buyer's nominee shall open a telegraphic,
irrevocable and transferable at sight L/C which is in conformity with this contract with TTR acceptable. In this case, the Seller requests the
confirmation of L/C,the L/C shall be confirmed for Seller's account. In the event that the Buyer fails to open L/C four days after receiving
confirmation from JSC Bank then Seller shall collect P.B from the JSC Bank and then the contract is automatically canceled. The Seller will
collect the P.B against presentation of shipping documents at JSC Bank.
7. Document:
Presentation of the following documents to JSC Bank, payable within 3-5 banking days after receipt of the telex from the JSC Bank certifying
that documents have been checked in conformity with the L/C terms:
- Full set of B/L in 03 originals
- Commercial invoice in 01 ogirinal and 01 copy
- Certificates of origin issued by Vietnam Chamber of Commerce in 01 original and 01 copy
- Certificates of fumigation issued by the competent authority of Vietnam in 01 original and 01 copy
- Phytosanitary certificate issued by the competent authority of Vietnam in 01 original and 01 copy
- Certificate of original form A
8. Force Majeure:
The Force Majeure (exemption) clause of the International Chamber of Commerce (ICC publication No 421) is hereby incorporated in this
contract.
Force Majeure circumstances must be notified by each party to the other within 7 days and confirmed by writing within 10 days together.
Beyond this time Force Majeure circumstances shall not be taken into consideration.
9. Arbitration:
All disputes arising in connection with this contract shall be finally settled by the International Arbitration Center of Vietnam under
International Commercial Law. The place of arbitration shall be the capital of the seller's country. The language of arbitration shall be in
English. The parties agree that any award made in accordance with the provisions of this clause is final and binding on both of them.
Arbitration charge and any other charges will be borne by the losing party.
10. Other terms:
Any amendment of the terms and conditions of this contract must be agreed by both sides in writing.
This contract is made in 02 originals in English language, one for each party
This contract is subject to the Buyer's final confirmation by telex (October 18th, 2022 latest).
Made in Soc Trang City, on 04th October, 2022.
REMARK
1. The buyer's P.O No. shall be indicated in all of the related documents and communications
2. Seller has to pay a delayed penalty on basic of 0.2% of the invoice value for each day delayed
3. It is the sole responsibility of the buyer to assume and pay the taxes including but not limited to the buyer's foreign contractor tax (PCT)
occurring and payable in Viet Nam during the transaction between the parties.
4. Notice for shipping arrangement will be sent within 20 days before our estimated shipping date.
NGUYEN VO
Serial: AA/13P
Invoice No: 0000043
EXPORT INVOICE
Invoice date : October 20th, 2022
TOTAL 26.250
VAT 0%
TOTAL USD 26.250
In words: US Dollar twenty six thousand two hundred and fifty only
Remark:
Country of Original : Viet Nam
Seller Bank details:
- Seller bank account: 254 6856 6536 (USD)
- Beneficiary company: WCO IMPORT-EXPORT CO., LTD
- Address: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
- Bank name: Saigon Thuong Tin Commercial Joint Stock Bank
- Address: 72 Pham Ngoc Thach, Ward 6, District 3, Ho Chi Minh City
- Swift code: BFTV VNVX
BUYER SELLER
( Sign, Stamp & Full name) ( Sign, Stamp & Full name)
QUALITY CERTIFICATE
No.111022
Seller: WCO IMPORT-EXPORT CO., LTD Port of Departure: Saigon Port, Ho Chi Minh City, Vietnam
Address: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
Phone: (+84.24) 38.512589
Fax: (+84.24) 38.512755
Buyer: SUNFOLK GROUP INC Port of Destination: New York Port, New York, USA
Address: 136-20 38TH AVE FLOOR 12 FLUSHING NY 11354 U S A
Phone: +1 917-903-0202
Fax: +1 718-366-6188
RESULTS OF INSPECTION
The representative sample of the lot was taken at random of bag and analysis in the laboratory. The results are as follows:
ITEMS AS PER CONTRACT ACTUAL RESULTS METHODS
SURVEYOR MANAGER
1. Goods consigned from (Exporter’s business name, address, Reference No
country)
WCO IMPORT-EXPORT CO., LTD GENERALIZED SYSTEM OF PREFERENCES
45 Hai Ba Trung Street, Soc Trang city, Viet Nam CERTIFICATE OF ORIGIN
(Combined declaration and certificate)
FORM A
Issued in ...............VIETNAM............................
(country)
See notes overleaf
2. Goods consigned to (Consignee’s name, address, country)
SUNFOLK GROUP INC
136-20 38TH Ave Floor 12 Flushing NY 11354 USA
3. Means of transport and route (as far as known) 4. For official use
5. Item 6. Marks and 7. Number and kind of packages, description of goods 8. Origin 9. Gross 10. Number and
number numbers of criterion (see weight or date of invoices
packages Notes overleaf) other quantity
It is hereby certified, on the basis of control carried out, that the The undersigned hereby declares that the above details and
declaration by the exporter is correct. statements are correct; that all the goods were produced in
VIETNAM
...............................................................................................
(country)
and that they comply with the origin requirements specified
for those goods in the Generalized System of Preferences
for goods exported to
UNITED STATE
...............................................................................................
HO CHI MINH CITY, OCT 25, 2022 (importing country)
............................................................................................................. HO CHI MINH CITY, OCT 25, 2022
Place and date, signature and stamp of certifying authority
...............................................................................................
Place and date, signature of authorized signatory
APPLICATION FOR LETTER OF CREDIT
Date: 10/04/2022
We hereby request you to issue an irrevocable documentary credit in the following terms and conditions:
(1) Irrevocable Transferable Confirmed Others Letter of Credit issued by Airmail Telex/Full cable/SWIFT
(2) Expiry Date & Place (yy/mm/dd) 2022/12/08 at USA (3) Latest Shipment date (yy/mm/dd) 2022/11/20
(4) Beneficiary’s Bank (Full name & address) SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK
72 Pham Ngoc Thach, Ward 6, District 3, Ho Chi Minh City
BIC code (Swift code): BFTV VNVX
(6) Beneficiary (Full name and Address) WCO IMPORT-EXPORT CO., LTD
45 Hai Ba Trung Street, Soc Trang city, Viet Nam
(7) Currency (ISO) USD Amount in figures 26250 % More or Less Allowed : +/- 5%.
(8) Drafts to be drawn at 100% at Sight ________ days after Bill of Lading Date Drafts not required
(9) Partial Shipment Allowed Not Allowed Transhipment Allowed Not Allowed
(10) Shipment
(11) Shipping Terms (INCOTERMS 2000) FOB CFR CIF EXW Other:
Named port / Place of Destination New York Port, New York, USA Insurance is to be effected by applicant with (FOB, CFR)
Insurance policy or certificate 0 original(s) 0 copy(ies) Other documents Quality Control Certification (1 original)
Full set of clean on board ocean bills of lading 3 original(s) 0 copy(ies) Certificates of fumigation (1 original)
Full set of clean multimodal transport bill of lading 0 original(s) 0 copy(ies) Phytosanitary certificate (1 original)
which are complied with the terms and conditions of this Credit, we make payments/ acceptances as instructions of Paying/ Accepting/ Negotiating Bank
Except otherwise stipulated, this documentary credit subject to Uniform Customs and Practice for documentary credit, latest version.
In consideration of your granting us the above request, we hereby agree to perform our obligations, and/or liabilities in connection with this credit as per conditions set forth in agreement on letter of
credit transactions executed by us.
CERTIFICATE OF FUMIGATION
No. 01/GA/2022
Date: Oct 25, 2022
PHYTOSANITARY CERTIFICATE
No: 002530/09/2022
DESCRIPTION OF CONSIGNMENT
Exporter: WCO IMPORT-EXPORT CO., LTD Place of Origin: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
Address: 45 Hai Ba Trung Street, Soc Trang city, Viet Nam
Importer: SUNFOLK GROUP INC Declared Point of Entry: New York Port, New York, USA
Address: 136-20 38TH AVE FLOOR 12 FLUSHING NY 11354 U S A
This is to certify that the plants, plant products or other regulated articles desctibed herein have been inspected and/or tested according to appropriate official
procedures and are considered to be free from the quarantine pests, specified by importing contracting party and to conform with the current phytosanitary
requirements of the importing contracting party.
ADDITIONAL DECLARATION
NIL
Date Issued:
SEP 30, 2022
No fincancial liability with respect to this certificate shall attach to Plant Protection Department of Vietnam or to any of its officers or representatives.
MAERSK LINE
Shipper: COOPERATIVA AGRARIA CAFETALERA PANGOA LTDA AV. LOS SCAC: MAEU
CAFETALEROUS N 600 SAN MARTIN DE PANGOA SATIPO-JUNIN-PERU
Phone: +51(065)28579 BILL OF LADING
Fax: +51(065)65232 7532 Document No. : 1415630089 B/L No.855291456
Port of Discharge: New York Port, New York, USA Port of loading: Saigon Port, Ho Chi Minh City, Vietnam
Marks & Nos. ; Container No. /Seal No No of packages or container Kind of package , Description of goods Gross
weight/Mesurement
500 PALLETS OF 50 KG NET EACH OF RICE 1 CTR Said to Contain 500 '' SHIPPER'S PACK LOAD COUNT & SEAL''
PALLETS ''SAID TO CONTAIN'' 25300
BAGS
SHIPPED OB BOARD KGS
'' FREIGHT PREPAID ''
WCO IMPORT-EXPORT CO., LTD SAY: ONE CONTAINER ONLY
HAI BA TRUNG STREET, SOC TRANG CITY,
VIET NAM
FAX: 511-1-451-4635 REGISTER N
11586364390
MANUFACTURE DATE:
NET WT: GROSS WT:
CASE NO.: DIM. ORDER NO.:
COUNTRY OF ORIGIN: USA
FCL/FCL
CLHU3173510. VN02581124 DRY 8'6 500
BAGS 25300 KGS
Shipper Seal: 1-00127
Customs Seal: 10012
Freight payable at: Ex. Rate No. of orginal B Place and date of issue
NEWYORK 6.8 (s)/L NEWYORK October 20, 2022
Laden on board
Date October 20, 2022
PACKING LIST
From To Date: October 20th, 2022
WCO IMPORT-EXPORT CO., LTD Name: SUNFOLK GROUP INC Invoice No: 0000043
Address: 45 Hai Ba Trung Street, Address: 136-20 38TH Ave Floor 12
Soc Trang city, Viet Nam Flushing NY 11354 USA Order No: VN02581124
Tel: (+84.24) 38.512589 Tel: +1 917-903-0202
Email: contact@wco.vn Email: contact@sunfolk.us
Items Code Items Description Pallet No Quantity Gross Weight (KG) Net Weight (KG) Dimension of pack
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 1 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 2 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 3 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 4 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 5 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 6 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 7 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 8 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 9 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 10 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 11 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 12 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 13 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 14 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 15 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 16 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 17 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 18 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 19 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 20 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 21 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 22 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 23 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 24 20 1012 1000 60cmx100cm
R00.ST25 Vietnamese Fragrant Rice ST25 Origin: Vietnam 25 20 1012 1000 60cmx100cm
Total Pallet : 25 Total QTY : 500 Total Gross Weight: 25300 Total Net Weight: 25000