PURCHASE AGREEMENT (V / v: Purchase wood Trac) NO: 007 -2014 / SC - Pursuant to the Ordinance on Economic Contracts dated 25-09-1989 of the State Council. - Pursuant to Civil Code Socialist Republic of Vietnam No. 33/2005 / QH11. - Based Commercial Code No. 36/2005 / QH11 dated 14-06-2005. - Based on the agreement and the agreement of the two contracting unit. Today, dated 2014. In HCM City, representing the two parties include: PARTY A: (called the seller) PARTY (called the purchaser) Phone: Fax: VND account :. ................................... in represented by: - Position: After discussion, the two sides agreed contract signed contracts to buy goods economy with the content expressed in the terms as follows: ARTICLE I: THE CONTENT OF WORK - Inside A to Party B agrees to sell timber shipments Trac accordance with the following manner: ARTICLE II: THE WAY - QUANTITY - PRICE - QUALITY root Specification long- CM Quantity (m3) Uni price FOB DA NANG (USD) 15 -19cm (15%) 20-35cm (62%) 36-50cm (20%) 51-90cm (3%) 1.80 - 2 m 3500 33,000 Weight conversion: 1 cubic meter of timber monitoring = 1,300kg (one thousand three hundred Kg ) - Unit price, specification, quantity, quality, inclusive of taxes and fees of shipment. Both parties agreed not change until the timber is delivered to the B. - Wood stained visual angle, but not more than 5 cm (5 centimeters) (not hug sense), not hollow, no entry, no fire, no eye dead, no more than 17 degrees of warping, with minor cracking (sob wind), pucker length not exceeding 5 cm (5 centimeters), a width of not more than 0.5cm wounds tingle (0.5 centimeters) from both ends. Sensory face, feeling the edge of each side allow 3%; cracked head flashed two per head less than 5% of the volume, the rate of garbage from 3_5% (not exceeding 5%). The Purchaser is entitled to choose products according to standards. Every unsatisfactory be ignored. - - Calculation of volume of wood: length x width x thickness of each piece - Acceptance quantity and quality of wood 100% . - Inside B and Party A representative appointed monitor, test and quality control, provided a timber during storage timber delivery in Laos. - Acceptance of the two sides agreed to examine each plate to calculate volume volume or weight vehicles. ARTICLE III: TERMS OF PAYMENT - After watching the finished goods, the buyer within 3 days of the issuance of letters of guarantee payment (L / C) is irrevocable for the first deliveries equivalent 500m3 - 1000 m3 After the seller receives payment certificate issued by the mua.Cac times guarantors similar guarantees times before, within 05 days after the buyer receives Bil ship deliveries truoc.Trong case after 05 days from the date of the purchase of goods that go to the Buyer does not issue certificates guaranteed by computing (L / C) is irrevocable for the first deliveries equivalent 500m3 - 1000 m3, the party buyer must pay damages to the seller the amount of 100,000 USD (the costs incurred by the Seller). - After the Sale and Purchase two agree on the quantity and quality according to the minutes of the handover attached. The seller delivered the records of the origin of wood batch manufacturing When the sale is complete procedures for re-export to 3rd country to the Purchaser or exported directly via 3rd party designated by the purchaser. Purchaser immediately pay 100% of the value of the shipment's actual delivered in installments, the payments are not delayed more than 24 h In case the sellers meet the vouchers accounting provisions of this contract the buyer has not paid to the seller. The seller has the right to request the issuing bank's LC Buyer immediate payment to the sale without the confirmation of the Buyer. Seller must hand over the papers left immediately to the Purchaser (as Bill, C / O, fumigation certificate, quarantine certificate, declaration of customs). In case the payment and transfer papers are allowed to slow down but not more than 48 hours. The payment documents included: - 03 original Invoice - Packing list the original 03 - Paper fumigated 03 of the original 01 copy - Quarantine 01 copies of the original 03 - 01 Bil ship the original 03 copies - CITES certificate of the original 01 - Certificate C / O 01 original one. Currency of Payment: Both sides agreed to use the US dollar are translated sold at Bank of Vietnam Eximbank into VND at the time of the transaction to Article IV: DELIVERY SCHEDULE - The two sides agreed row assigned to each section. each delivery apart from 15 ~ 25 days, until the end of the contract implementation. • The number assigned in each phase: 500m3 • Each time delivery next 20 days apart. • Delivery time specified will notified in Appendix contract. ARTICLE V: RIGHTS AND OBLIGATIONS OF THE TWO → 1000 m3 (± 10%). - To request payment deadlines stipulated by the contract. - Other rights provisions Vietnam's laws. - There shall appoint representatives informed and with the supervision of the experimental B goods collected at locations on the line, freight forwarding and delivery confirmation records the volume and quality actual delivery at the location. - assign the correct number, Quality, Scale and time to the Purchaser under the Contract. - Provide all documents and procedures relating to the Buyer. - Make sure the source and origin of timber sold to the Purchaser. - Responsible for contact carriers to pull Congtainer piles according to plan - must be compensated in accordance with Article III (3.A), which VIII of this contract . The rights and obligations of Party B: - To request delivery time, quantity and specifications stated in this Agreement and in accordance with each time of delivery. - Other rights under the provisions of Vietnamese law Male. - Payment deadlines stipulated by the contract. - To appoint competent officials receiving the right time to notify the Seller. - If the Purchaser does not receive the goods or receiving compensation for injury slow harm as prescribed in Article III (3.A), which VIII of this contract. - A caveat to the port of destination locations. - The price does not change during the transaction by the end of the shipment of 3,500 m3 - School If Party B to comply with Article III.3.A, prices are kept and carried out until completion of the contract. ARTICLE VII: DISPUTE, ACTIONS, CLAIMS - In case of disputes, litigation, complaints between the parties must negotiate, table silver in the spirit of cooperation and respect for each other's legitimate interests. If the decision is made it shall grant the economic court authorized by arbitration in accordance with the law provisions. Court costs paid by the losing party. - All crawled the proceedings, the complaint shall notify each other in writing official. ARTICLE VIII: pause OR CANCELLATION OF CONTRACT - Due to an error caused by the Purchaser or Sell out. - Due in cases of force majeure. - If you have to suspend a contract due to the fault of the cause, then the suspension shall send notice to the other party within 03 days stating the specific reasons while the table silver resolved in a spirit of equality and mutual benefit Parties. Where the temporary stop notice not stop the damage to the partner must pay damages generally satisfactory for the damage (with valid documents to prove). - Time to suspend the contract a minimum of 10 days, up to 25 days to correct the error incidents. Time and level of damage compensation will be agreed by the Parties in writing. - The Purchaser has the right to cancel the contract performance if the seller does not deliver the right quality, illegal or slow delivery time compared to 05 working days prescribed in Article II, Clause 3 of this contract. Seller has the right to cancel the performance of the contract if the Purchaser pay 03 days later than the provisions of Article III, Section B, paragraph 3 of this contract. Inside breach of contract compensation for all damages related. - The cancellation of the contract shall immediately notify the other party of the cancellation; without notice, causing damage to the other party, the party terminating the contract must pay compensation; - When the contract is canceled, it shall take effect from the date of cancellation and the parties must return to other assets or payments (if any). 3. Prolonged duration of the contract: - The two sides continue to contract with new or additional addendums. - Due to an agreement to extend the contract performance by the Parties. - Due to the occurrence of the unforeseen circumstances during the execution of the Contract. ARTICLE XI: PENALTY FOR BREAKING THE CONTRACT: - If the Seller does not deliver as progress requirements of the Buyer, the Seller is - 0.25% fine goods Slow traffic / first 03 days; - Impose 0.1% of the value of goods delivered late / 01 the next day; - total fine not exceeding 8% (in words: eight percent) of the contract value - If the Purchaser not receiving as tempo love cầ
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