SALES AND PURCHASE CONTRACT

TRANSACTION CODE AND REFERENCE NUMBER

DATE OF ISSUE : March 31, 2017
SELLER’S CODE :
BUYER’S CODE : USA –

AS SELLER
COMPANY :
ADDRESS :
CITY :
COUNTRY :
TELEPHONE :
TELEFAX :
EMAIL :
:

AND

AS THE BUYER
COMPANY :
ADDRESS :
CITY :
COUNTRY :
TELEPHONE :
TELEFAX :
EMAIL :

**IMPORTANT NOTICE** ENGLISH IS BE THE OFFICIAL DOCUMENT

LANGUAGE

AFFIRMATION
HLM, Agents of D’CHANGE INC.,
INC., HEREINAFTER HEREBY CERTIFIES, REPRESENTS AND
WARRANTS THAT IT CAN FULFILL THE REQUIREMENTS OF THIS AGREEMENT AND PROVIDE
THE COMMODITY.

BUYER’S AFFIRMATION
CORPOTIVEX TRADING INTERNATIONAL SL, SL, HEREAFTER, “BUYER” MAKES AND CONFIRMS
THAT IT IS READY, WILLING AND ABLE TO PURCHASE REFINED WHITE CANE SUGAR – GRADE
“A” – ICUMSA 45 RBU,
RBU, HEREAFTER “COMMODITY” UNDER THE TERMS AND CONDITIONS OF
THIS SALES AND PURCHASE AGREEMENT, HEREAFTER “AGREEMENT” AND SUBJECT TO
VERIFICATION OF THE BUYER’S FINANCIAL CAPABILITY BY SELLER.

MUTUAL AFFIRMATION
SELLER AND BUYER AGREE TO THE FOLLOWING TERMS AND CONDITIONS OF THIS
AGREEMENT AS PER THE INTERNATIONAL CHAMBER OF COMMERCE ICC RULES FOR
INTERNATIONAL TRADE

PRODUCT
ICUMSA 45 SUGAR

SPECIFICATIONS
THE PRODUCT BEING SUPPLIED SHALL BE FIT FOR HUMAN CONSUMPTION, AS PER
INSPECTION CERTIFICATE ISSUED BY SOCIETE GENERALE DE SURVEILLANCE (SGS) AND SHALL
MEET THE FOLLOWING SPECIFICATIONS:

Attenuation index units Method # 10-1978

ASH CONTENT : 0.04% Maximum by Weight
MOISTURE : 0.04% Maximum by Weight
MAGNETIC PARTICLES : mg/kg 4
SOLUBILITY : 100% DRY & Free Flowing
GRANULATION : Fine Standard
POLARIZATION : 99.80º Minimum
Max AS : 1 P.P.M.
Max OS : 2 P.P.M.
Max CU : 3 P.P.M.
COLOR : Sparkling White
SEDIMENTS : NONE
SO : mg/kg 20
REDUCING SUGAR : 0.010% Maximum in Dry Mass
RADIATION : Normal w/o presence of cesium or iodine SO2: Certified
SUBSTANCE : Solid, Crystal
SMELL : Free of any Smell
HPN STAPH AUREUS : per 1 gram – NIL
MICROBIOLOGICAL LIMITS : Pathogenic Bacteria including Salmonella per 1 gram – NIL
Bacillus per 1 gram – NIL
PESTICIDE TRACES : Maximum mg/kg Basis DDT 0.005 – PHOTOXIN 0.01 – HEXACHLORAN –
GAMMA ISOMER 0.005
CROP: 2013 or more recent crop

COUNTRY OF ORIGIN
BRAZIL

PACKING & MARKINGS

50KG BAGS

QUANTITY & BASIS OF DELIVERY

700,000 50kg Bags 35,000 MT (Spot)TO COMMENCE WITHIN 10 DAYS AFTER RECEIPT OF THE
OPERATIVE FINANCIAL INSTRUMENT IN THE SELLER’S BANK ACCOUNT

PORT OF DESTINATION & INCOTERMS

ANY MAIN NON-USA SANCTIONED PORT ONLY ON CIF BASIS (COST, INSURANCE & FREIGHT) -
INCOTERMS 2000 WILL BE APPLIED. SOME DESTINATIONS MAY NOT BE POSSIBLE DUE TO
GOVERNMENTAL OR INTERNATIONAL TRADE EMBARGOS OR LOGISTIC CONSTRAINTS. ANY
CHANGES OR ADDITIONAL PORTS ARE TO BE ADVISED TO THE SELLER WITHIN A TIME PERIOD
OF 40 DAYS PRIOR TO DATE OF SHIPMENT WITH THE EXCEPTION OF NO OPERATIONAL PORTS
DUE TO NATURAL DISASTERS - http://www.portarrivals.com/ports.asp THE BUYER WARRANTS
THAT THE PRODUCT WILL NOT BE TRADED DIRECTLY OR INDIRECTLY WITH OR TO ANY
NATION, ENTITY OR DESTINATION PROHIBITED BY THE UNITED NATIONS.

PRODUCT DELIVERY
THE DATE (S) OF BILL OF LADING SHALL BE CONSIDERED THE DATE (S) OF DELIVERY. THE
FIRST DELIVERY SHALL BEGIN WITHIN 10 (ten) DAYS AFTER RECEIPT AND CONFIRMATION OF
AN OPERATIVE STANDBY LETTER OF CREDIT OR PRIME BANK GUARANTEE OR DOCUMENTARY
LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND SELLER’S BANK. THE BUYER AND THE
SELLER AGREE THAT PARTIAL SHIPMENTS ARE ALLOWED AND TRANSHIPMENT NOT ALLOWED.

CONTRACTED QUANTITY
THE TOTAL QUANTITY SHALL BE DETERMINED BY THE CERTIFICATIONS OF WEIGHT ISSUED BY
THE INSPECTION AUTHORITY AND BY THE BILL OF LADING OF THE SHIPMENT THAT WAS IN
EFFECT DELIVERED TO THE BUYER.

PRODUCT WEIGHT AND QUALITY

THE SELLER GUARANTEES THAT EACH SHIPMENT SHALL BE PROVIDED WITH AN INSPECTION
CERTIFICATE OF WEIGHT, QUANTITY AND QUALITY AT TIME OF LOADING AND SUCH
CERTIFICATE SHALL BE PROVIDED BY SOCIETE GENERALE DE SURVEILLANCE (SGS) ONLY AT
SELLER’S EXPENSE, AND SHALL BE DEEMED TO BE FINAL. THE SELLER SHALL INSTRUCT SAID
AUTHORITY TO CARRY OUT THE INSPECTION IN STRICT ACCORDANCE WITH THE
INTERNATIONAL CHAMBER OF COMMERCE (I.C.C.) RULES. SOCIETE GENERALE DE
SURVEILLANCE (SGS) ALSO WILL PROVIDE PACKING CONDITION REPORT THE BUYER SHALL, IF
DESIRED, AND AT HIS OWN EXPENSE PROVIDE ADDITIONAL INSPECTION AT PORT OF LOADING
TO CONFIRM LOADING. THE BUYER WILL BE ALLOWED TO SEND AN AGENT TO THE PORT OF
LOADING TO SURVEY THE SOCIETE GENERALE DE SURVEILLANCE (SGS) CERTIFICATION. IF
DISCREPANCIES SHOULD AT ANY TIME AND IN PARTICULAR CASE RESULT IN RELATION TO THE
INSPECTION CERTIFICATE(S) ISSUED AT THE PORT OF LOADING AND DESTINATION, IT IS
HEREBY AGREED THAT ARBITRATION SHALL BE EMPLOYED AND NEUTRAL BINDING
ARBITRATION BY THE INTERNATIONAL ARBITRATION ASSOCIATION UNDER THE CODE OF
PROCEDURE THEN IN EFFECT SHALL PREVAIL. ARBITRATION DECESIONS ARE FINAL AND
LIABILITY WILL GO TO THE PARTY IN DEFAULT.
PRODUCT PRICE AND CONTRACT VALUE
PRICE
CONTRACT VALUE

TERMS OF PAYMENT
BUYER’S BANK WILL ISSUE AN IRREVOCABLE, TRANSFERABLE, UNENCUMBERED,
UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED STANDBY LETTER OF CREDIT OR
PRIME BANK GUARANTEE. COVERING THE SHIPMENT QUANTITY AND VALUE THAT WILL ACT
AS A COLLATERAL SECURITY GUARANTEE TOWARDS SUCCESSFULL COMPLETION AND LIFTING
OF THE CONTRACTED QUANTITY WITH A MATURITY DATE OF LOADING. ACTUAL PAYMENT
WILL BE MADE BY MT 103 ON PER SHIPMENT TO LOADING PORT AGAINST PRESENTATION OF
SHIPPING DOCUMENTS STATED IN THE CONTRACT AT THE BUYER’S BANK. IF THE FINANCIAL
INSTRUMENTS ISSUED BY THE BUYER TO THE SELLER IS NOT IN ACCORDANCE WITH THE
TERMS OF THIS CONTRACT OR WHAT IS ACCEPTABLE TO THE SELLER AND THE SELLER’S
BANK, THE SELLER’S AND BUYER’S BANK MUST DISCUSS AND ATTEMPT TO RESOLVE
AMICABLY ANY EVENTUAL MINOR DISCREPANCIES LETTER OF CREDIT FOR FULL VALUE OF THE
CONTRACT. (THE SELLER TO PROVIDE THE BANKING DETAILS OF THE COMPANY WHERE THE
LETTER OF CREDIT WILL BE TRANSFERRED PORT OF ORIGIN)

M PRODUCT DOCUMENTATION PER LIFT

A FULL SET OF THE FOLLOWING DOCUMENTS WILL BE ISSUED FOR PAYMENT:
1. OCEAN BILL OF LADING MARKED “FREIGHT PREPAID” AND CLEAN ON BOARD ISSUED
TO THE ORDER OF “CORPOTIVEX TRADING INTERNATIONAL SL” AND CONSIGNED TO
“CORPOTIVEX TRADING INTERNATIONAL SL”.
2. COMMERCIAL INVOICE (EACH SIGNED IN ORIGINAL AND STAMPED BY SELLER)
SHOWING THE COMMODITY NAME, FINANCIAL INSTRUMENT NUMBER, B/L NUMBER
3. AND DATE, QUANTITY LOADED, INVOICE VALUE AND LOADING PORT.
4. INSPECTION CERTIFICATE OF WEIGHT AND QUALITY, ISSUED BY SOCIETE GENERALE
DE SURVEILLANCE (SGS) AT PORT OF LOADING SHOWING KIND, QUALITY AND
QUANTITY SHIPPED EVIDENCING THAT GOODS ARE IN FULL CONFORMITY WITH
SPECIFICATIONS AND CONDITIONS MENTIONED IN PRESENT CONTRACT.
5. SHIPPING COMPANY STATEMENT CONFIRMING THAT THE AGE OF VESSEL DOES NOT
EXCEED TWENTY (20) YEARS, SEAWORTHY AND FIRST-CLASS P&I CLUB COVERED
INSURANCE CERTIFICATE.
6. CERTIFICATE OF CLEANLINESS OF THE SCUTTLES AND THE HATCHES OF THE SHIP
CERTIFIED BY A COMPANY OF INSPECTION APPROVED INTERNATIONALLY.
7. CERTIFICATE OF ORIGIN ISSUED BY OR ENDORSED BY CHAMBER OF COMMERCE OF
THE COUNTRY.
8. INSURANCE CERTIFICATE COVERING 110% OF THE TOTAL INVOICE VALUE.
9. FUMIGATION CERTIFICATE AND RADIATION CERTIFICATE.
10. PHYTOSANITARY CERTIFICATE INDICATING THAT THE GOODS ARE OF A QUALITY
ADAPTED FOR HUMAN CONSUMPTION.
11. PACKING IS SHOWING GROSS/NET WEIGHT AND NUMBER OF OCEAN BILL OF LADING.
12. BENEFICIARY’S CERTIFICATE CONFIRMING THAT COPIES OF ALL SHIPPING
DOCUMENTS WERE SENT TO BUYER’S BANK AND THE HARD COPIES HAVE BEEN SENT
BY (DHL) OR SIMILAR.
SPELLING AND TYPOGRAPHICAL ERRORS AND DIFFERENCES OF SUCH NATURE BETWEEN
BANK ISSUED AND BENEFICIARY ISSUED DOCUMENTS SHALL NOT BE DEEMED
DISCREPANCIES PROVIDED THAT THE INTENT OF THE WRITER IS CLEAR FROM THE TEXT.
INCOTERMS-2000 IS INCORPORATED IN THIS AGREEMENT AS A COPYRIGHTED AGREEMENT
GOVERNED BY THE INCOTERMS-2000.

OTHER CONDITIONS
 PARTIAL SHIPMENT ALLOWED AND TRANSSHIPMENT NOT ALLOWED.
 SHIPPING DOCUMENTS PRESENTED WITHIN 21 DAYS AFTER THE DATE OF THE BILL OF
LADING BUT WITHIN FINANCIAL INSTRUMENT VALIDITY ARE ACCEPTABLE.
 DOCUMENTS WORDING (PCT) OR (%) OR (0/0) OR (PERCENT) IS ACCEPTABLE.
 SHIPMENT IN VESSELS CLASSIFIED LLOYDS 100-1 A OR EQUIVALENT.
 SELLER’S TO NOMINATE VESSEL MIN 05 (FIVE) DAYS BEFORE ETA FOR LOADING.
 SELLER TO NOMINATE SHIP AGENT AT DISCHARGE PORT BEFORE ETA FOR LOADING.
 CHARTER PARTY BILL OF LADING AND THIRD PARTY DOCUMENTS ACCEPTABLE.
 5% TOLERANCE IN QUANTITY AND WEIGHT AND AMOUNT ARE ACCEPTABLE.

PRODUCT INSURANCE
SHIPMENT OF THE GOODS SHALL BE INSURED FOR 110% OF THE FACE VALUE OF EACH
CARGO. THE INSURANCE POLICY MUST BE EITHER ISSUED OR ASSIGNED OVER TO THE
BUYER OR THEIR DESIGNATED PARTY, AND BE FULLY TRANSFERABLE.
PROCEDURES
 SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.
 BUYER SIGNS AND SENDS BACK THE CONTRACT DRAFT TO THE SELLER.
 SELLER SENDS BACK A SIGNED CONTRACT ELECTRONICALLY.
 SELLER AND BUYER EXCHANGE 02 HARD COPIES SIMULTANEOUSLY BY COURIER AND
COPIES ARE DULY SIGNED & SEALED. THE FINAL DRAFT CONTRACT WILL BE
CONSIDERED AS HARD COPIES UNTIL THE ORIGINAL HAVE BEEN EXCHANGED AND
WILL NOT DELAY THE BUYER IN ISSUING THE FINANCIAL INSTRUMENT.
 DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED

DEMURRAGE
AT THE LOADING PORT IT IS ON SELLER’S ACCOUNT. AT THE DISCHARGING PORT IT IS ON
BUYER’S ACCOUNT. THE DEMURRAGE SHALL BE DETERMINED BY VESSEL MASTERS INVOICE
AND A REASONABLE AMOUNT OF TIME SHALL BE DEEMED AS 5 INTERNATIONAL BANKING
DAYS. ALL PARTIES SHALL AGREE ON THE AMOUNT THAT THEY WILL BEAR AND SHALL BE
PAID PRO-RATA. BUYER MUST ENSURE REQUESTED DISCHARGE PORTS ARE CAPABLE TO
RECEIVE THE HIGH VOLUMES OF THE COMMODITY REQUESTED IN ORDER TO PREVENT
EXCESS DEMURRAGE OR EXCESS DELAYS FOR THE INCOMING VESSEL TRAFFIC OR TO IMPEDE
SCHEDULED DELIVERIES. SELLER WILL IN NO WAY BE RESPONSIBLE FOR DISCHARGE PORT
CAPABILITIES OR FACILITIES REQUESTED BY BUYER.

IMPORT FACILITIES, DOCUMENTS, TAXES AND FEES

 ALL TAXES OR LEVIES IMPOSED BY THE COUNTRY OF DESTINATION HAVING ANY
EFFECT ON THIS CONTRACT ARE ON THE BUYER’S ACCOUNT AND HIS SOLE
RESPONSIBILITY. BUYER MUST HAVE PROOF OF PAYMENT OR IMPORT PERMISSIONS
AND PERMITS IN WRITING, BY THE INTERNATIONAL CHAMBER OF COMMERCE OR
MINISTRY OF TRADE OF COMMODITY RECEIVING PORT AND COPIES SENT TO THE
SELLER.
 BUYER BEARS THE SOLE RESPONSIBILITY OF SECURING ALL PERMITS, PERMISSIONS
AND LICENSES OR ANY OTHER DOCUMENTS REQUIRED BY THE GOVERNMENT OF THE
IMPORTING NATION.
 SELLER SHALL BEAR NO RESPONSIBILITY TO PROVIDE SUCH DOCUMENTATION.
BUYER WILL BEAR ALL COSTS ASSOCIATED WITH SECURING SUCH DOCUMENTS AND
WILL ALSO BEAR ALL COSTS AND PENALITIES IF SUCH DOCUMENTS ARE NOT
SECURED.
 IN NO CASE SHALL THE SELLER BE HELD LIABLE FOR MISSING OR IMPROPER
DOCUMENTATION THE BUYER IS REQUIRED TO PROVIDE. ALL SHIPPING DOCUMENTS
ARE TO BE BASED ON INCOTERMS 2000.

FORCE MAJEURE
 NEITHER OF THE CONTRACTING PARTIES WILL ANSWER FOR THE MISCARRYING OUT
IN DUE TIME OR/AND FOR THE IMPROPER TOTAL OR PARTIAL PERFORMANCE OF
EITHER OBLIGATION HE MAY HAVE ON THE BASIS OF THIS PRESENT CONTRACT, IF
THE MISCARRYING OR IMPROPER PERFORMANCE WERE CAUSED BY FORCE MAJEURE,
AS ESTABLISHED BY LAW.
 THE PARTY THAT INVOKES FORCE MAJEURE OUTSIDE OF NATURAL CAUSES,
EARTHQUAKE, STORMS, OR FIRE THROUGH (ACT OF GOD), OR DECLARATION OF WAR,
CIVIL WAR, MILITARY ACTION, GOVERNMENT EMERGENCY ACTIONS, STOP ORDER,
STRIKE IS OBLIGATED TO LET THE OTHER PARTY KNOW ABOUT IT ON A PERIOD OF
FIVE (5) DAYS, CONDITIONS PERMITTING, AND HAS TO TAKE ALL THE POSSIBLE
MEASURES IN ORDER TO LIMIT CONSEQUENCES.
 IF IN A PERIOD OF FIFTEEN (15) DAYS SINCE THE EVENT TAKES PLACE, THIS DOES
NOT CEASE, THE PARTIES HAVE THE RIGHT TO ASK FOR REASONABLE
COMPENSATION.

ARBITRATION
THE SELLER AND THE BUYER WILL TRY TO SETTLE ALL DISPUTES AMICABLY. EITHER PARTY
MAY SERVE NOTICE TO THE OTHER REQUIRING A DISPUTE TO BE SETTLED WITHIN (30)
THIRTY DAYS AFTER SUCH NOTICE AND IF UNSETTLED TO REFER TO ARBITRATION IN
ACCORDANCE WITH THIS CONTRACT. IN CASE PROBLEM SOLVING CAN NOT BE DONE IN AN
AMIABLE WAY, BOTH PARTIES AGREE TO ALLOW SOLVING BY THE INTERNATIONAL
ARBITRATION ASSOCIATION CHAMBER, NYC-USA, WHERE ANY DISPUTE, CONTROVERSY, OR
CLAIM ARISING OUT OF OR RELATING TO THIS CONTRACT, OR THE BREACH, TERMINATION OR
INVALIDITY SHALL BE SETTLED BY ARBITRATION IN ACCORDANCE WITH THE I.C.C. UNCITRAL
ARBITRATION RULES AS AT PRESENT INFORCE.

AUTHORITY TO EXECUTE THIS CONTRACT

THE PARTIES TO THIS CONTRACT DECLARE THAT THEY HAVE FULL AUTHORITY TO EXECUTE
THIS DOCUMENT AND ACCORDINGLY TO BE FULLY BOUND BY THE TERMS AND CONDITIONS.
EXECUTION OF THIS CONTRACT
THIS CONTRACT WILL BE EXECUTED FINALLY IN TWO COUNTERPARTS VIA COURIER, EACH OF
WHICH SHALL BE DEEMED AS ORIGINALS AND LEGALLY BINDING.

GOVERNING LAW
THIS CONTRACT SHALL BE GOVERNED, AND INTERPRETED IN ACCORDANCE WITH THE
INTERNATIONAL CHAMBER OF COMMERCE (I.C.C.) AND THE UNITED NATION CONVENTION
FOR THE SALE OF GOODS (UNCITRAL). IN THE EVENT OF INCONSISTENCY BETWEEN THIS
CONTRACT AND THE PROVISIONS OF THE U.N. CONVENTION, THIS CONTRACT SHALL HAVE
PRIORITY FOR THE PURPOSE OF ARTICLE 39 OF THE U.N. CONVENTION. FURTHER A
REASONABLE PERIOD OF TIME SHALL BE DEEMED TO BE FIVE (05) INTERNATIONAL BANKING
DAYS. THIS CONTRACT SHALL FURTHER BE CONSTRUED IN ACCORDANCE WITH THE COURTS
OF UNITED KINGDOM, WHICH SHALL APPLY TO I.C.C., UNCITRAL RULES AND REGULATIONS.
ASSIGNMENT
THIS AGREEMENT IS ASSIGNABLE AND TRANSFERABLE BY EITHER PARTY, AND ONLY WITH
PRIOR ACKNOWLEDGEMENT AND WRITTEN PERMISSION BY THE OTHER PARTY. THE BUYER
HOLDS THE RIGHT, WITH THE WRITTEN CONSENT OF THE SELLER, TO APPOINT ANOTHER
COMPANY WITHIN THE BUYERS GROUP TO ASSUME THE BUYERS POSITION IN THIS CONTRACT
UNDER THE SAME CONDITIONS.

NON-CIRCUMVENTION AND NON-DISCLOSURE

 THE PARTIES ACCEPT AND AGREE TO THE PROVISIONS OF THE INTERNATIONAL CHAMBER
OF COMMERCE, LONDON, UNITED KINGDOM FOR NON-CIRCUMVENTION AND NON-
DISCLOSURE WITH REGARDS TO ALL AND EVERYONE OF THE PARTIES INVOLVED IN THIS
TRANSACTION AND CONTRACT, ADDITIONS, RENEWALS, AND THIRD PARTY
ASSIGNMENTS, WITH FULL RECIPROCATION FOR A PERIOD OF FIVE (05) YEARS FROM
THE DATE OF EXECUTION OF THIS CONTRACT WITH ADDITIONAL (02) TWO YEARS
AUTOMATIC ROLL – OVER RENEWALS AT THE CLOSE OF EACH TRANSACTION OR
EXCHANGE OF INFORMATION;
 THIS CLAUSE IS EXTENSIVE TO ALL SUBSIDIARIES AND OR AFFILIATED COMPANIES AND
INCLUDES AND PROTECTS THE INTERMEDIARY COMPANIES, ACTING AS BROKERS. IT IS
FURTHER AGREED THAT ANY INFORMATION OF BUYER AND SELLER CONTAINED IN THIS
AGREEMENT IS TO BE HELD IN THE STRICTEST CONFIDENCE.

NON-COMPLIANCE PENALTY
 THE SELLER WARRANTS TO PAY ALL CHARGES OF LOSS AND DAMAGE INCURRED TO THE
BUYER IF THE SELLER FAILS TO EXECUTE THE LOADING OF GOODS TO THE
DESTINATION WITHIN THE SPECIFIED TIME TO A MAXIMUM AMOUNT NOT EXCEEDING
2%.
 THE BUYER WARRANTS TO PAY ALL CHARGES OF LOSS AND DAMAGE INCURRED TO THE
SELLER IN CASE HE FAILS TO MAKE THE LETTER OF CREDIT OPERATIONAL AS PER THE
PAYMENT TERMS OF THIS AGREEMENT WITHIN THE SPECIFIED TIME TO A MAXIMUM
AMOUNT NOT EXCEEDING 2%.

LANGUAGE TO BE USED
ENGLISH LANGUAGE IS TO BE USED ONLY

SELLERS BANKING DETAILS

BUYER’S BANKING DETAILS

NAME OF BANK :
ADDRESS :
CITY :
COUNTRY :
SWIFT CODE :
ACCOUNT NAME :
ACCOUNT NUMBER :
BANK OFFICER :

CONFIRMING BANK DETAILS

NAME OF BANK :
CITY :
COUNTRY :
SWIFT CODE :

BREACH OF CONTRACT AND TERMINATION NOTICE

IF ANY PARTY TO THIS AGREEMENT SHOULD MAKE UNAUTHORIZED CONTACT WITH THE BANK
OF THE SELLER OR THE BUYER, SUCH CONTACT SHALL BE CONSIDERED INTERFERENCE WITH
THE AGREEMENT AND SHALL AT THE OPTION OF THE BUYER OR THE SELLER, CONSTITUTE
VALID REASON TO TERMINATE THIS AGREEMENT. THE INTERFERING PARTY WILL BE CHARGED
WITH THE LOSS OF PROFITS IN THIS TRANSACTION BY THE INJURED PARTY WHO WILL BE
ENTITLED TO FILE LEGAL PROCEEDINGS AGAINST THE INTERFERING PARTY AT THE
INTERNATIONAL CHAMBER OF COMMERCE AT LONDON, UNITED KINGDOM TO RECOVER THEIR
LOSSES.

VALIDITY PERIOD
IT IS HEREBY AGREED AND UNDERSTOOD THAT THIS CONTRACT WILL HOLD ITS VALIDITY IF
BANKING INSTRUMENTS ARE PUT INTO PLACE NO LATER THAN 15/03/2017 AND FAILING TO
DO SO WILL BE LIABLE/SUBJECT TO A PRICE CHANGE IF APPLICABLE.

APPLICABLE LAWS AND DEFINITIONS

THIS CONTRACT SHALL BE GOVERNED BY AND DONE ACCORDING TO THE RULES OF THE
INTERNATIONAL CHAMBER OF COMMERCE (LONDON, UNITED KINGDOM) AND SUBJECT TO
THE INTERPRETATION OF INCOTERMS 2000 EDITION AND AS AMENDED TO APPLY. IN WITNESS
THEREOF, BOTH PARTIES HAVE CAUSED THIS AGREEMENT TO BE SIGNED AND EXECUTED BY
THEIR AUTHORIZED REPRESENTATIVES AND HAVE THEREBY UNDERSTOOD, AGREED AND
ACCEPTED THE TERMS AND CONDITIONS SO STATED HEREIN WITH SIGNATURES AFFIXED
BELOW ON THE FIRST DATE ABOVE WRITTEN.

THIS CONTRACT IS CONSIDERED A LEGAL DOCUMENT FROM BOTH BUYER AND SELLER WHO
ARE ACCEPTING THE ELECTRONIC SIGNATURES AS BINDING FOR BOTH TO PROCEED AS
NECESSARY.
HARD COPIES WILL BE EXCHANGED BY BOTH BUYER AND SELLER BY COURIER DELIVERY.

AS THE SELLER AS THE BUYER