SALES CONTRACT
Contract No.: 2012IT11XPZ19
Date: Nov 12st, 2012
Parties in this contract are:
NOVAFITO S.P.A
Via F.lli Beltrami 15-20026 Novate Milanese (MI), Italy.
Tel: 0039-02-382121 Fax: 0039-02-3821-2310
(Hereinafter called “SELLER”)
And
SINO-AGRI LEADING BIOSCIENCES CO.,LTD.
F9,BuildingC,Global Finance&News Center,No.A1,Xuanwumenwai Street, Beijing, China
Tel: 86-10-59337372 Fax: 86-10-59337468
( Hereinafter called “BUYER” )
This contract is made out by and between the SELLER and the BUYER whereby the SELLER agrees to sell and the BUYER agrees to purchase under-mentioned goods subject to terms and conditions set forth and follows:
1.PRODUCT 2.PACKING 3. PRICE
(CIF Tianjin) 4. QUANTITY 5. AMOUNT
6.PAYMENT
FLUTRIX 48 EC 200 litres
per drum USD 4.65/litre 32.000 litres USD 148.800,00
L/C at SIGHT
210 kg. 33.600 kg. net
6. SPECIFICATION OF GOOD:
Product Name: Trifluralin 48% formulated product
Content of active ingredient: 480 g/l +/-3%
Moisture: 0.25% max.
Dipropyl nitrosoamine : 0.3ppm max.
7. PRICE TERMS:
CIF TIANJIN, China.
8. AMOUNT
The total contract value is USD 148.800,00
Say: US Dollars One hundred forty-eight thousand eight hundred Only.
9. TERMS OF PAYMENT:
irrevocable L/C at sight.
10. SHIPMENT:
- shipment from any German Port, with the first available vessel, after the original L/C is received.
- Port of Discharge (Destination Port): Tianjin Port, China.
11. DOCUMENTS
The Seller will provide the following documents:
11a. One original signed Commercial Invoice plus 3 copies;
11b. Full set (3/3) clean shipped on board Bills of Lading;
11c. One original signed Packing List plus 3 copies;
11d. One original Certificate of Analysis issued by the SELLER plus 3 copies;
11e. Original Insurance Policy.
11f. Original Certificate of Origin (FORM A)
12. QUALITY/QUANTITY DISCREPANCY
In case of quality and /or quantity discrepancy, claim should be filed by the BUYER within 30 days after the arrival of goods at port of destination.
13. ARBITRATION
Any dispute arising from or in connection with this contract shall be settled through friendly negotiation. In case no settlement can be reached, the dispute shall be finally settled by an arbitral tribunal in accordance with the Rules of international Chamber of Commerce (ICC). The arbitral tribunal shall be composed of one arbitrator. Arbitration shall take place in Zurich, Switzerland; language of the proceedings shall be English and the arbitrator may take official notice of the requirements of the law of the Swiss Confederation, without regards to its provisions concerning conflict of laws. The decision in such arbitrator shall be final and non-appealable
The fees for arbitration shall be borne by the losing party unless otherwise awarded.
14. APPLICABLE LAW
The governing law of the contract shall be the substantive law of the Swiss Confederation .
15. ENTIRETY
The entire contract between the parties is contained in written agreement, and no representation nor oral agreement nor understanding not contained in this contract shall affect or alter the same.
Signatures by Seller and Buyer shall be exchanged by facsimile and shall serve as originals.
For and on behalf of the SELLER: For and on behalf of the BUYER:
Novafito S.p.A. SINO-AGRI LEADING BIOSCIENCES
Signature: Signature:
Name: Name:
Designation: Designation:
Company Seal: Company Seal:
Date: Date: