WOOD PELLET SUPPLY CONTRACT
No.: 001/2015
Date of Contract :
This contract (“Contract”) is made on 1 August ,2015 by and between the following two parties in order to delivery of wood pellets to China and will be effective when the Buyer and the Seller has signed in this contract.
BUYER:
COMPANY : Golden Lin lmp&Exp Co.,Ltd.Ningbo
ADDRESS : Room1005, Baizhang East Road No.787 baoshang building A,
Ningbo ,Chaina
TEL NO. : 0086-574-86162915
SELLER:
COMPANY : Tonkaow Co.,Ltd
ADDRESS : 234/1 Moo 1 , Tungkanan , Soidaow , Janthaburi , Thailand
TEL NO. : +6639-460-778
WHEREAS, Seller intends to sell certain quantities of Wood Pellet to Buyer as set forth herein: and WHEREAS, Buyer intends to purchase certain quantities of Wood Pellet from Seller as set forth herein: NOW THEREFORE, the parties hereto agree as follows.
1.QUANTITY AND PRICE
1.1.Quantity and Price
Descriptions of Goods Origin Quantity (Tons) Unit Price/Tons (CIF) Total Amount
Wood pellet Thailand 10,000Tons USD 137$ USD 1,370,000$
Total : 10,000Tons
1.2. Price term is Cost Insurance Freight (CIF) the vessel and all the expenses and charges to be incurred in relation of the loading of the Wood Pellet in jumbo bags until on board of the vessel nominated by the Buyer is responsible by Seller.
1.3. Guaranteed quantity supply per month is 2,000Tons
2. Quality
2.1.The Seller warrants that the wood pellet supplied under this contract shall be manufactured from wood fiber exclusively, without any type of binder or other chemically treated biomass. Wood fiber is determined as sawdust, shaving, round wood from any species of wood plants
2.2.The Seller warrants that the quality of Wood Pellet to the supplied shall be as follows.
Item Unit Limit of
Range Guaranteed Quality Specification
Diameter mm 8 8
Length mm < 40 < 40
Unit Volume Mass kg/㎥ Min. 700 Min. 700
Total Moisture (As Received Basis) % wt Max. 10 Max. 10
Gross Calorific Value (As Received Basis) kcal/kg Min. 3,900 Min. 3,900
Ash (Air Dried Basis) % wt Max. 2 Max. 2
Chlorine % wt Max. 0.10 Max. 0.10
Sulphur % wt Max. 0.05 Max. 0.05
Nitrogen(Dry Basis) % wt Max. 0.5 Max 0.5
Ash Fusion Temperature, IDT ℃ Min. 1,150 1,150
Total Contract Amount :USD 1,370,000$
3. PAYMENT AND REQUIRED SHIPPPING DOCUMENTS
Payment shall be made as follows:
3.1. By T/T payment of 30% (approx USD 411,000$) of the contract value within 5 business days after contract signed.
3.2. By T/T payment of 70% for the remaining of the contract value shall be made within 10 business days from every shipments (Partial shipments are allowed) from Lamchabang ship port, Thailand or equivalent prior to issuing B/L to China.
3.3.All commission and back charge outside China are on the account of Buyer.
Payment to
• Beneficiary name:
…………………………………………………………………………………………………………………………..……
…..…………………………………………………………………………………………………………………..……
• Telex………………………………………………………. Fax………………………………………………………..
Beneficiary’s Account………………………………………………………………………………………………….
• Bank Name:
……………………………………………………………………………………………………………………
• Bank Address………………………………………………………………………………………………………………..
……………………………………………………………………………………………………………………………
• Swift code:……………………………………………………………………………………………………………………
4. SHIPMENT
4.1. Shipment shall be effected by the vessel nominated by Buyer
4.2. Partial shipment shall be acceptable. However, twice or four shipments are acceptable.
4.3. Date of shipment: To be determined.
4.4. Quantity of Shipment: Around 500 tons per week / 2,000 tons per month
However, the seller shall make its best effort to shorten the date of shipment as the concept of “the earlier, the better”
5. PACKING
Wood Pellet shall be packed in a jumbo bag for the weight of 600 – 1000 Kgs per bag. The minimum loading quantity in the container should not be less than (20ft/13-15tons or 40ft/26-28tons). There will be no wooden pallet to support any Jumbo bags.
6. Force majeure
The SELLER shall not be liable for delay or non-performance of his contractual obligation to sell, and BUYER shall not be liable for delay or non-performance of its contractual obligation to purchase, as a consequence of war, blockade, revolution, insurrection, civil commotion, riot, mobilization, act of God, plague or other epidemic, fire, flood and earthquake("Force Majeure"). To avoid any doubt, any sort of labor dispute and shortage of material shall not be regarded as Force Majeure. In the event of the Force Majeure arising, the party suffering such Force Majeure shall notify the other party in writing with documents or certificates providing its occurrence or existence duly issued by chamber of commerce or other institution with governmental or competent authority within three(3) working days after the occurrence of the Force Majeure event. Unless such notice is accompanied by such documents or certificates within three(3) days after the occurrence of the Force Majeure, the party suffering such Force Majeure shall be deemed to have waived such claim.
SELLER :Tonkaowco.,LTD
Signed : MR. AnirutSuthammarak
By
Signed : __________________________
Title :C E O
BUYER : Golden Lin lmp&Exp Co.,Ltd.Ningbo
Signed : MR. Lin Yicun
by
Signed : __________________________
Title :C E O