PROSI THANGLONG JOINT STOCK COMPANY (PROSI, JSC)

Address: Floor 4th, Kim Anh Building, No 78 Duy Tan, Cau Giay, Hanoi, Vietnam
Tel/Fax: (+84) 043.7959977 Email: Thanglong.prosi@gmail.com
Website: http://prosithanglong.com | http://prosispice.com

SALES CONTRACT
No: 040418/BEL
Dated: April 4, 2017
SELLER BUYER
PROSI THANG LONG JOINT STOCK SHAKUN DISTRIBUTION
COMPANY Branch Ashram Road Ahmedabad, Gujarat,
Floor 4th, Kim Anh Building, No 78 Duy Tan, India
Cau Giay, Hanoi, Vietnam Head Office 501 Princess Empire Race Course
Road Indore MP India 452001
Tel: +917312544111, 2544123
SELLER’S BANK DETAILS BUYER’S BANK DETAILS
VIETNAM BANK FOR AGRICULTURE AND The Ratnakar Bank Ltd. (RBL Bank)
RURAL DEVELOPMENT, SOGIAODICH 3, Ground Floor, The Grace, Plot No. 1&2, Kibe
BRANCH Compound Indore-452001
NO. 2 & 4 LANG HA STR., THANH CONG Account No. 409000550038
WARD, BA DINH DIST., HANOI, VIET NAM IFSC- RATN0000164
SWIFT CODE: VBAAVNVX405 Swift Code- RATNINBB
A/C NO: 12.00.20.80.28.226

1. It is agreed that the Seller commits to sell and the Buyer commits to buy the
following described goods upon the terms and conditions hereinafter set forth:

Packing
Unit Price Quantity Total Amount
No Item Name & Specification Carton
(USD/MT) (MT) (USD)
box
1 SPLIT CINNAMOMUM 10KGS 2,160.00 14 30,240
2 PRESSED CINNAMOMUM 25KGS 2,050.00 1 2,050
TOTAL 32,290
DEPOSITED 3,024
BALANCE AMOUNT TO BE PAID UNDER D/P AT SIGHT 29,266

The above price is understood As per Incoterms, 2010) to be CIF MUNDRA, INDIA
IN WORRDS: US DOLLARS THIRTY TWO THOUSAND TWO HUNDRED AND NINETY ONLY
* This price is for white carton box
2. Delivery
a. Shipment date: within 10 days after receiving advance
b. Port of Loading : Haiphong port, Vietnam
c. Port of Delivery: Mundra port, India
3. Marking: as request of Buyer

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 PROSI THANGLONG JOINT STOCK COMPANY (PROSI, JSC)
Address: Floor 4th, Kim Anh Building, No 78 Duy Tan, Cau Giay, Hanoi, Vietnam
Tel/Fax: (+84) 043.7959977 Email: Thanglong.prosi@gmail.com
Website: http://prosithanglong.com | http://prosispice.com

4. Payment Terms & Banking Charges :

. Advance to be paid by T/T 3,024 USD
. Balance amount to be paid by DP at sight 29,266 USD
· D/P at sight through the Buyer's Bank against original documents within 10 working days. If
later and without any notice from the Buyer, the Seller has right to take original documents back and
the goods will be at the Seller's disposal. Documents issued by third party are acceptable;
· Seller and Buyer shall be responsible for bank charges in their respective banks.
· Insurance premium will be paid by Seller
5. Documents Required :
· Commercial Invoice (3/3)
· Packing List (3/3)
· Bill of Lading (BL)(3/3)
· Phyto-sanitary Certificate(3/3)
· Fumigation Certificate(3/3)
· Certificate of Origin in AI Form (3/3)
· Insurance Certificate
6. Guarantee, Re-inspection, Claim and Compensation :
· GUARANTEE: Seller shall guarantee that the supplied goods shall be safe, reliable and made
of the best materials. Commodities are entirely in conformity with the quality, specifications as
· RE-INSPECTION: Buyer should re-inspect the goods at the port of discharge and notify the
Seller by email or fax within 5 days and confirmed in writing within 7 days after sending email if the
goods are damaged or do not comply with any of this contract. Seller & the Buyer mutually agree
that the SGS independent surveyor company shall be appointed to assess the weight, quantity &
· CLAIM: If recognizing that weight, quantity, quality or package are not in conformity with
the agreement of the contract, the Buyer shall give a notice of claims to the Seller & have the right to
lodge claims against the Seller based on certificates issued by the SGS/Lloyds/equivalent will be
done and binding on both parties
· COMPENSATION: Compensation will be calculated according to losses of the Buyer.
7. Late Delivery, Late Payment and Cancellation :
· LATE DELIVERY: Delivery time is calculated from the arrival of the agreed deposit to the
Seller’s bank account. Whenever being aware of a delay in delivery, the Seller is responsible for
notifying the Buyer promptly, also pointing out reasons for the delay and stating the new delivery
date. If the delay results from delayed access to raw material, mechanical breakdown, or another
similar circumstance, the Seller is not required to compensate the Buyer for any resulting loss that
the Buyer may incur. The Seller is not legally responsible to compensate the Buyer for any indirect
damage, including, but not restricted to, production loss, loss of profit or another consequential
financial loss arising from a delay or faulty delivery.

· LATE PAYMENT & CANCELLATION: Seller has the right to cancel or stop this contract if
the agreed deposit is transferred late. If the Buyer delays the balanced payment, the Seller has the
right to ship the goods back the original country or to sell the goods to other buyers.

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 PROSI THANGLONG JOINT STOCK COMPANY (PROSI, JSC)
Address: Floor 4th, Kim Anh Building, No 78 Duy Tan, Cau Giay, Hanoi, Vietnam
Tel/Fax: (+84) 043.7959977 Email: Thanglong.prosi@gmail.com
Website: http://prosithanglong.com | http://prosispice.com

8. Force Majeure
Seller & the Buyer shall not be responsible for the non - performance of this contract in case of
Force Majeure. However, if force majeure circumstance happens, Seller must notify the Buyer by
email or fax within 5 days and confirmed in writing after 7 days after sending email and together
with a certificate of force majeure issued by the competent government authorities for acceptance or
non-acceptance. Beyond this time force majeure circumstances shall not be taken into consideration.
The Both parties agree that the Force Majeure (exemptions) clause of the International Chamber of
Commerce (ICC publication No.421) is hereby incorporated on this contract.

9. Arbitration
This contract will be governed by the provision of “Incoterms 2010”. If any dispute arising under
this contract is not settled by a amicable negotiation between the two sides, then the dispute shall be
settled by the International Commercial Arbitration Center attached to the Chamber of Commerce
an Industry of Vietnam for the final settlement. The decision taken by arbitration board will be the
final and all the fees and expenses occurred in this arbitration shall be borne by losing party.

10. General Conditions

· This contract comes into effect and be full of force from signing date, any amendment and
additional clauses to these conditions shall be valid only if made in writing and duly confirmed by
the both parties (the seller and buyer) and considered as parts of this contract.
· This contract is made in English in 02 copies and to be signed through email or by fax.
· The contract is automatically liquidated after the Seller receives full payment and the Buyer
receives the goods.

FOR THE SELLER FOR THE BUYER

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