Contracts

BUSINESS TRANSACTION CONTRACT

Selling Company:

Buying Company:

Product Summary:

Product:

Volume/Quantity:

Price:

Conditions:

Quality:

Packing:

Delivery:

Buyer/Seller Agreement

We……………………………. of (address)…………………herein referred to as the buyer, wish to confirm the intent to get into a sale contract for the purchase of (product)……………………… from ……………………… of (address),………………………. herein referred to as the seller, on this day (date)……………………..

We have agreed on a price of (amount)………………… for (quantity) ……………… of the product. This amount is to be paid in two instalments, half of the money will be paid cash during the order while the other half will be paid on delivery of the product.

We have also ascertained that the product is in (specify condition)……………….. condition.

The seller is to provide adequate packaging of the product at their own cost and deliver the product to (address)…………………………………… At no extra cost to the buyer.

The buyer will allow for a lay-time of ……………days and a demurrage time of ……… days to receive the product.

The seller will bear all the cost and risks of packaging and transportation of the product.

The buyer has a right to make a return of the product if the quality or quantity agreed herein is compromised at delivery or the buyer no longer need the product at delivery. However, in the instance that the buyer no longer need the product, with no compromised quality at delivery, 25% of the total cost of the product will be charged.

Liability

The partners in this contract herein accept unlimited liability for any risks that in direct or indirect regard to this contract.

Documents: Attached to this contract are the time charter party, certificates of incorporation of the parties, receipts for the first payment instalment, product analysis report and a copy of the order form.

 

____________________________                ____________________________

Date, Official Stamp                                                   Date, Official Stamp

Seller                                                                           Buyer

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