1. 1
SALES CONTRACT
No: OLI01/120421;
Date: APR. 12, 2021
THE SELLER: GMEX., JSC
NO.10 TAYSON STREET, YETKIEU, HADONG, HANOI, VIETNAM
TEL: +84-421205656
Represented by: HA THI THANH THUONG
THE BUYER: VIRMANI TRADERS
PAKKA BAGH BIJNOR ROAD NEAR OBC BANK, CITY – AMROHA ( 244221),
STATE – UTTAR PRADESH, INDIA
Represented by: Mr. Dinesh Virmani
IEC - 2915001511, GSTN- 09ADBPV5731H1ZB
PHONE NO. +919012844063, EMAIL- dineshvirmani0703@gmail.com
The two parties have agreed to sign this contract on the following terms and conditions.
1. Commodity, Quantity, Price, Volume:
1.1. Details commodity, quantity, price and volume:
No.
Item
code
Details of goods
Q'ty (kgs)
+/-10%
Unit Price
(USD/kg)
Total Amount (USD)
+/-10% as Q'ty
1 2 3=1x2
1 GA-PB570 BLACK PEPPER ( 570 G/L) 17,000 3.720 63,24000
Total 17,000 63,240.00
Say United States Dollars: Sixty three thousand and two hundred and forty only./.
Currency: USD
Tolerance of Quantity and Amount: +/-10% are allowed
1.2. This details above includes special types of goods/commodity which the Seller make same as the
Buyer’s order. So we both agree that: this order cannot be cancelled by any party.
1.3. This Sales contract is valid within 3 days if Buyer not send deposit
2. Packing : By carton, suitable for sea and local transportation.
3. Country of origin : VIETNAM
4. Loading port : ANY PORT OF VIETNAM
4. Price term : FOB VIETNAM (INCOTERMS
®
2010 BASIS)
6. Payment : DEPOSIT 9,000 USD IN ADVANCE BY TT. THE BALANCE
WILL BE PAID BY TT
If The Buyer doesn’t fulfil his payment obligations as Term no.6, The Seller will maintain her ownership of the
consignment and has all right with the deposit amount along with the right to return cargo or re-sell to other
customers. All charges arising will be borne by The Buyer.
The seller’s bank details:
+ Bene Bank: VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK. (Techcombank)
+ Branch name : HA TAY BRANCH.
+ Branch Add : CT2 BUILDING, NGO THI NHAM STR., HADONG, HANOI, VIETNAM
+ Swift Code : VTCBVNVX ( Field 57 A )
+ A/C Name : GMEX., JSC
+ A/C Number : 1913-260-769-2021
7. Delivery time: after receiving deposit at the seller’s bank ( and depend on shipping booking from buyer )
8. Document required:
(1)- Commercial Invoice
(2)- Packing list
(3)- Bill of Lading
(4)- Certificate of Origin
(5)- Fumigation Certificate
(6)- Phytosanitary Certificate
2. 2
Before payment of balance to the seller, No any parties is allowed to send original documents/ or scanned
/or copy /or photo of documents to the importer
9. Liability of each party
9.1. The Seller’s liability:
- The Seller shall provide shipping documents and deliver the goods to The Buyer at CIF Nhavasheva, India.
- The Seller shall take responsibility to deliver goods and bear any accidental loss followed by CIF term.
9.2. The Buyer’s Liability:
- The Buyer shall make full payment on time to The Seller of the total amount as agreed in the processing
contract as well as payment term schedule agreed.
If The Buyer doesn’t fulfil his payment obligations as Term no.6, The Seller will maintain her ownership of the
consignment and has all right with the deposit amount along with the right to return cargo or re-sell to other
customers. All charges arising will be borne by The Buyer.
- The Buyer takes full responsibility for taking the goods /or clearing customs /or its import procedure in India.
In case, if there are any problems arising in India that makes the Buyer cannot take the goods, the Seller
doesn't take responsibility, and in that case the Buyer still has to pay the full amount of goods to the Seller.
10. Termination of Contract
- If one party unilaterally terminate the contract without approval of the other party, this party will bear all
arising costs caused to the other party.
- This contract is terminated on approval of both parties, provided with Letter of agreement.
- If within 15 days of receipt of any consignment from the seller, the buyer does not notify the seller that the
consignment is defective and give evidences of defect, then the consignment shall be deemed to comply in
all respects with the specifications and this contract is terminated.
11. Other conditions
The seller is subject to all Force Majeure clauses which are Unforeseeable and unavoidable (earthquake,
tsunami, strike, long-lasting rainy weather, etc.) causing delays or failure to make the delivery of goods.
However, in such cases, the Seller will advise the Buyer in writing immediately upon the occurence of the
Force Majeure event.
Any dispute relates to this sale contract and/or difference between the seller and the buyer which cannot be
amicably settled by two parties, the said dispute and /or difference shall be referred to the Vietnam
International Arbitration Centre (VIAC) attached to the Vietnam Chamber of Commerce and Industry (VCCI)
in Hanoi, Vietnam, and under the rules of this Center. Arbitration fees shall be at the losing party’s account.
Any change or amendment to this contract shall be made in writing and subject to prior approval from both
sides.
a.Number of Arbitration : 03
b. Arbitration Place : Hanoi, Vietnam
c. This sale contract : suitable with UCP 600 and Incoterms® 2010.
d. The Language: English or Vietnamese
This contract is made in English and signed by The Buyer and by the Seller, then it’s scanned and sent to
each other via email/WhatsApp
FOR AND ON BEHALF OF THE BUYER FOR AND ON BEHALF OF THE SELLER
