Exporting Rice Sales Contract No. 007/VNF/20...

SALES CONTRACT No. 007/VNF/20. . Date: 11/10/20…
Between: Name: ELLEN LIMITED
Address: 3/F Causeway Tower 16 – 22 Causeway Road ,Causeway Bay HONGKONG Tel: xxx Fax: xxx Email: xxx Telex: 61533 WSGTC HK Represented by: Mr. XXX
Hereinafter called as the BUYER
And: Name: SAIGON FOOD EXPORT IMPORT COMPANY
Address: 40 Hai Ba Trung Street, HCM City, VIETNAM Tel: xxx Fax: xxx Email: xxx Cable address: VINAFOOD SAIGON Represented by: Mr. YYY
Hereinafter called as the SELLER
It has been mutually agreed to the sale and purchase of rice on the terms and conditions as follows:
1. Commodity: Vietnam White Rice 5% Broken 2. Specification: - Broken: 5% max - Moisture: - Foreign mat er: - Crop: 20. . – 20. .
3. Quantity: 100.000MT more or less 5% at Seller's option 4. Price:
Unit Price: USD xxx per Metric Ton FOB Saigon port Ho Chi Minh City, Vietnam (Incoterm 2010) Total Amount: xxx USD
In words: US Dollar ……. only
5. Packaging: 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 quantity of bags shipped. 6. Shipment and Delivery:
Port of Loading: Saigon Port, Ho Chi Minh City, Vietnam
Port of Discharge: Hongkong Port, Hongkong
Time of shipment: 20 – 25 days after L/C opening date
Loading condition: 800MT per weather working day of 24 consecutive hours, Sundays,
holidays excepted even if used, base on the use of at least four to five normal working
hatches/ holds and all cranes/derricks and winches available in good order, if less than prorate
Demurrage/ Dispatch: if any, to be as per C/P rate, but maximum of 4,000/2,000 USD
per day or prorate and to be settled directly between Seller and Buyer within 90 days after B/L date.
Loading term: Lay time to commence at 1PM if N.O.R given before noon and at 8AM
next working day if N.O.R given in the afternoon during office hours, in case of vessel
waiting for berth due to congestion, time commences to count 72 hours after N.O.R submit ed.
7. Inspection and Fumigation:
a. The certificate of quality, weight and packing issued by Vina Control at loading port
to be final and for Seller's account.
b. Fumigation to be effected on board the vessel after completion of loading with
expenses to be at Seller's account; but expenses for crew on shore during the fumigation
period including transportation, accommodation and meals at hotel for Ship owner's account.
c. Time for fumigation not to count as lay time. 8. Payment:
a. After signing the contract, the Buyer or the Buyer's nominee (SHYELIAN (HK)
MANUFACTURING CO,. LTD or other nominee) shall telex asking the Seller to open
P.B of 1% of total L/C amount at Vietcombank Ho Chi Minh within two days thereof.
The Seller shall open P.B and inform the Buyer; then, four days after receiving
Vietcombank's confirmation; the Buyer shall open a telegraphic, irrevocable and
confirmed L/C which is in conformity with this contract by an international first class
bank at sight with T.T.R acceptable for 40,000 MT in favor of Vinafood Hanoi through
the Bank of Vietnam. For 60,000 MT the Buyer of 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 Vietcombank then Seller shall col ect
P.B from the Vietcombank and then the contract is automatically canceled. The Seller
will collect the P.B against presentation of shipping documents at Vietcombank
b. Presentation of the following documents to the bank of Foreign Trade of Vietnam,
payable within 3-5 banking days after receipt of the telex from the Vietcombank
certifying that documents have been checked in conformity with the L/C terms:
- Full set of "Clean on board" B/L – in three (3) originals marked "Freight to col ect"
- Commercial invoice in three (3) folds
- Certificates of quality, weight and packing issued by the Vina Control to be final at loading port in six (6) folds.
- Certificates of origin issued by Vietnam Chamber of Commerce in six (6) folds.
- Certificates of fumigation issued by the competent authority of Vietnam in six (6) folds.
- Phytosanitary certificate issued by the competent authority of Vietnam in six (6) folds.
- Cable/ fax/ Telex advertising shipment Particulars within 24 hours after completion of loading. 9. 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 other within 7 days and
confirmed by writing within 10 days together. Beyond this time Force Majeure
circumstances shall not be taken into consideration. 12. Arbitration:
All disputes arising in connection with this contract shall be finally settled by
International Arbitration Center of Vietnam under International Commercial Law. The
place of arbitration shall be the capital of 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. 13. 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 06 originals in English language, three for each party
This contract is subject to the Buyer's final confirmation by telex (June 18th, 20. . latest).
Made in Ho Chi Minh City, on 11th October, 20. . FOR THE SELLER FOR THE BUYER Director Managing Director (Signed/sealed) (Sealed) Nguyen Van Eddy S.Y. Chan
Document Outline

• No. 007/VNF/20...
• 2.Specification:
• 4.Price:
• 6.Shipment and Delivery:
• 7.Inspection and Fumigation:
• 8.Payment:
• 9.Force Majeure:
• 12.Arbitration:
• 13.Other terms: