PARTY B SHALL SIGN ACCEPTANCE OF THE COMMODITY, AND THE PAYMENT MUST BE RELEASED IMMEDIATELY FROM CASH TRANSFER OR MT 1O3/23 INTO PARTY A’S ACCOUNT NO………………….. WHICH IS STIPULATED IN APPENDIX A AND ALL MUST BE COMPLETED BEFORE 2:30 PM BANGKOK TIME WITHIN THE SAME DAY.
FOR THE SECOND TRANCHE ANDONWARDS, PARTY B SHALL PROVIDE CASH TRANSFER OR MT 103/23 IN FULL AMOUNT EQUIVALENTTO USD AMOUNT TO BE DELIVEREDAS SCHEDULED IN THE APPENDIX B PRIOR TO THE DELIVERY DATE.AFTER POSITIVE VERIFICATION BY THE PARTY A’S BANK, PARTY A SHALL DELIVER THE USD TO PARTY B’S DESIGNATED PLACE/BANK. ALL OTHER PROCESS SHALL BE MADE THE SAME AS DESCRIBED IN CLAUSE 3 UNTIL THE USD EXHAUSTED IN 90 DAYS.
OTHER CONDITIONS
BOTH PARTIES AGREED TO FOLLOW THE INSTRUCTION DESCRIBED IN THE PROCEDURE OF THIS AGREEMENT. IF THERE IS ANY CHANGE FROM ANY PARTIES, THE MEETING MUST BE HELD AND BOTH SIDES MUST ACKNOWLEDGE THE ALTERATION AND MUTUALLY SIGN IN THE AGREEMENT. OTHERWISE THIS AGREEMENT OF EXCHANGE FOREIGN CURRENCY UNITED STATED OF AMERICA DOLLAR (USD) WILL BE AUTOMATICALLY RENDERED NULL AND VOID WITHOUT ANY WRITTEN NOTIFICATION.
NON-CIRCUMVENT & NON-DISCLOSURE
PARTY A AND PARTY B ACCEPT AND AGREE TO THE PROVISIONS OF THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS FRANCE, FOR NON-CIRCUMVENTION AND NON-DISCLOSURE, WITH REGARD TO ALL AND EVERY ONE OF THE THIRD PARTY ASSIGNMENTS WITH FULL RECIPROCATION FOR A PERIOD OF 5(FIVE) YEARS FROM THE LAST PERFORMANCE OF DELIVERY.
BANKING COORDINATES
PARTY A BANKING DETAIL AND PARTY B’S BANKING DETAIL, APPENDIX A
FORCE MAJEURE
“NO PARTY SHALL BE LIABLE FOR ANY FAILURE TO PERFORM ITS OBLIGATIONS WHERE SUCH FAILURE IS AS A RESULT OF ACTS OF NATURE (INCLUDING FIRE, FLOOD, EARTHQUAKE, STORM, HURRICANE OR OTHER NATURAL DISASTER), WAR, INVASION, ACT OF FOREIGN ENEMIES, HOSTILITIES (WHETHER WAR IS DECLARED OR NOT), CIVIL WAR, REBELLION, REVOLUTION, INSURRECTION, MILITARY OR USURPED POWER OR CONFISCATION, TERRORIST ACTIVITIES, NATIONALIZATION, GOVERNMENT SANCTION, BLOCKAGE, EMBARGO, LABOR DISPUTE, STRIKE,