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Contractval Bix
Contractval Bix
Contractval Bix
Company Racing Oil Sl., represented by the Director Mr. Antoni Xifr6 Campillo, acting on the
basis of the Articles of Association, hereinafter referred to as the Seller, on the one hand, and
"VAL-BIX", represented by the Director Mr. Bazarbaev Marat, acting on the basis of the Articles
of Association, hereinafter referred to as the "Buyer", on the other hand (collectively hereinafter
referred to as the "Parties"), have concluded the present Contract on the following:
Manufacture: Additive
Brand: TT lubricants
EURO is the price and the payment curency under the Contract.
4. Transport
Incoterms CIP
5. Terms of Payment
All orders, that Buyer will negotiate with Racing Oil Sl., will be payable according invoice issued
be Racing Oil Sl.. Payment conditions: 100% pre-payment.
All payments are to be made in EURO by bank transfer onto the Seller's account.
All disputes connected with the present Contract as well as its execution or realization shall be
settled by negotiations and using the complaint procedure. Should a dispute fail to be settled by
negotiations and using the complaint procedure, it shall be finally settled by arbitration under the
Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators
appointed in accordance with the said Rules to be held at Spain.
7. Force Majeure
The Parties shall be released from their responsibility for partial or complete non-execution of
their liabilities under the Contract should this non-execution be cdused by force majeure
The above circumstances shall be confirmed by the Chamber of Commerce of the country where
the circumstances have occurred.
The Party which is unable to fulfill the obligations under this Conhact caused by force majeure
circumstances shall inform the other Party in writing within three days about the occurrence and
cessation of the above circumstances.
Should the duration of the above circumstances exceed 3 months, each Parly will have the right
to refuse further fulfillment of the obligations under the Contract, and in this case neither Party
will have the right to demand any compensation for eventual losses from the other Parfy.
8. General conditions
a) All changes and addenda to the present Contract shall have legal force if made in written form
and signed by both Parties.
b) All taxes and duties, as well as all kinds of mandatory payments and expenses incurred in
connection with the execution of the Contract are to be payed by the Buyer.
c) Within 3 days after shipment of the Goods the Seller shall send to the Buyer's by e-mail the
following documents for the dispatched Goods:
The present Contract is drawn up and signed in English one copy for each Party.
Facsimile copies of documents according to the present Contract have legal force for both Parties
with the following representation of originals.
The Seller:
Racing Oil Sl
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Swift: BSCHESMI\'OOO(
Bmeficiary a/c ES330075098380050306D35
ITEBavn
(VAI-BDb Ltd
BaytikBatyr $.67-15
Bistrkek, K)agtzstan
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BankBAKAI
Addrws: Isaaorre sts 77
Bislrkeh fttsrrstan
Swift: BAI(AKG22
Benoficiary alc l?A002W53745
Boneficia4c <VALBDbT Ltd
lne Sellcr: