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ContractNumber:2023-PO-0031
Dated:April22nd,2023
between
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx.
and
xxxxxxxxxxxxxxxxxxxxxxx.
covering
Fabrication,transportation&deliveryof
xxxxxxxxxxx
for
xxxxProject
in
xxxxxxxxxxxx
ThisContract(hereinaftercalledCONTRACT)isenteredintoonthis22nddayofApril,2023oftheGregoriancalendar(hereinaftercalledCONTRACTDATE)byandbetweenxxxxxxxxxxxxxxxxxx,abranchofficeexistingunderthelawsofthexxxxxxxxxxxxxxxxxxxxxandhavinganofficeatxxxxxxxxxxxxxxxxxxxxxxxxxxxx(hereinaftercalledBUYER)andxxxxxxxxxxxxxxx,acompanyexistingunderthelawsofPeopleRepublicofChinaandhavinganofficeinxxxxxxxxxxxxxxxxxxxx(hereinaftercalledSUPPLIER).
BUYERandSUPPLIEReachinconsiderationoftheundertakings,promisesandagreementsoftheother,assetforthherein,herebyagreeasfollows:
1.COMPOSITIONOFCONTRACTANDORDEROFPRECEDENCE
TherightsandobligationsofthepartiesheretoshallbegovernedonlybyCONTRACTanddocumentslistedhereunder,theorderofprecedenceofthesedocumentsshallbeasfollows:
1.1CONTRACT.
1.2SUPPLIER’squotationno.xxxxxxxxxxxxxxdatedApr21st,2023andagreementforcommoditiesandgoods.
2.SCOPEOFWORK,BILLOFQUANTITYANDPRICE:
2.1Specificationasperquotationno.xxxxxxxxxxxxxdatedApr21st,2023.
No.
Description
Size
Unit
Qty
UnitPrice
(USD)
Amount
(USD)
1.
2
3
4
5
6
7
8
9
10
11
Total:
(7409M)
USD405,558.07
2.2Tolerranceonquantity(ForPipes)
+/-onelengthpereachitem,Paymentshallbebaseuponactualquantitiesprovided.
2.3PipewillbesuppliedbySRLorDRL.
3.TOTALVALUE:405,558.07USDCIFxxxxxxxxPort.
SAYUSDOLLARFourHundredFiveThousandFiveHundredFiftyEightandSevenCents.
3.1TheUnitPriceaboveisinclusiveofalltaxes,fees,duties,costs,expensesandthelikelypayablebySUPPLIERfortheexecutionofCONTRACT.
4.MANUFACTURERSANDCOUNTRYOFORIGIN
xxxxxxxxxxxxx
5.DELIVERY
SUPPLIERshallpreparegoodsimmediatelyaftersigningofthiscontractandFullquantityofthegoodsunderthiscontractshallreachDAMMAM,KSAwithinFivetoTwenty(5-20)weeksafterthedateofcontractsigning.
5.1Ex-stockitemsshouldreachDAMMAM,KSAwithin5weeks.(asperquotationdeliverydetail)
5.2BalanceitemsshouldreachDAMMAM,KSAwithin20weeks.(asperquotationdeliverydetail)
5.3Agraceperiodoftwoweeksfordeliverywillbeallowedonthisorder.
6.PORTOFSHIPMENT
xxxxxxxxx.
7.PORTOFDESTINATION
xxxxxxxxxxxxxxx
8.PACKING
Thegoodsshallbepackedinexport-standardcase(s),suitableforlongdistancetransportation,wellprotectedagainstdampness,moisture,shocks,rustandnumeroushandling.SUPPLIERshallbeliableforanydamageofthecommodityandexpensesincurredduetoimproperpackingorinadequateprotectionofthegoodstakenbySUPPLIER.
9.SHIPPINGMARK
9.1SUPPLIERshallmarkthefollowingoneachpackageofthegoodswithindeliblepaintinEnglish:
Description:xxxxxxxxx
ContractNo.:xxxxxxxxx
Destination:xxxxxxxxx
NumberofPackages:Asperthepackinglist
Consignee:xxxxxxxxxxxxxxxxxxxxxx
9.2PipemarkingandcolorcodingshallbeaccordancewiththestandardofBUYERindicatedintheannex“Annex1xxxxxxxxxxxxxxxxxxx”.
10.PAYMENTTERMSANDCONDITIONS
50%paymentwillbemadebyTelegraphicTransferwithinten(10)workingdaysafterreceivingfullsetoftheoriginalshippingdocumentsspecifiedinClause11ofthisContract;50%paymentwillbemadewithinten(10)workingdaysafterreceivingandinspectionandgoodsarefoundqualified.
11.DOCUMENTSAGAINSTPAYMENTS
SUPPLIERshallsendbyDHLtoBUYERthefollowingoriginaldocumentswiththeshipment:
1)FullsetofB/L;
2)CommercialInvoicein3OriginalsissuedbySUPPLIERindicatingthecontractnumberandshippingmark.
3)PackingListin3Originalsindicatingdescription,grossandnetweights,measurementandnumberofpackages.
4)QualityCertificateissuedbythemanufacturerinduplicate;
5)CertificateofOrigin.
12.TECHNICALDOCUMENTS
AnyandallcertificatesandtestreportsshouldsubmittoBUYERalongwiththematerial.
SUPPLIERguaranteesthatthetechnicaldocumentssuppliedareclear,completeandcorrect.
Shouldanytechnicaldocumentsbefoundmissing,damagedorinshortage,SUPPLIERagreestosendbyDHLathisownexpensetoBUYERthesamewithinone(1)weekafterreceiptnoticefromBUYER.
13.SHIPPINGADVICE
SUPPLIERshall,withinthree(3)workingdaysaftershipment,notifyBUYERbyemailofcontractno.,descriptionofgoods,quantity,netandgrossweights,invoicevalue,Vessel/Flight/Parcelno.,shippingroute,B/Lno.(B/Lcopymustbesentbyemail),departuredateandestimatedarrivaldate.
14.INSTALLATIONANDTECHNICALTRAINING
N/A
15.GUARANTEEOFQUALITY
SUPPLIERguaranteesthatthecommodityhereofismadeofthebestmaterialswithfirstclassworkmanship,brandnew(notincludedEx-stocksitems)andunused,andcompliesinallrespectswiththequalityandspecificationsstipulatedinCONTRACTandannex.
16.INSPECTION,DISCREPANCYANDCLAIM
SUPPLIERguaranteesthatgoodsshippedarebrandnew(notincludedEx-stocksitems),unusedandmeetthetechnicalspecificationsstipulatedintheCONTRACT.
GoodsundertheCONTRACTissubjecttoinspectionbyBUYERorhisrepresentative,accordingtherelativestandardincludingphysicalandinternalinspection.Incaseofanyqualityorquantitydiscrepancy,claimsshouldbelodgedbyBUYERwithin10daysafterthearrivalofthegoodsattheportofdestination.Shouldthegoodsbefoundnotinconformitywiththemanufacturer’sstandard/industrystandard,SUPPLIERagreestoreplacethesamewithqualifiedgoodsatSUPLIER’sownexpenseduringareasonabletimeperiod;Shouldtherebeanyshortquantity,SUPPLIERagreestoshipoutthebalanceofgoodsatSUPLIER’sownexpensewithinone(1)weekafterreceiptofsuchnoticefromBUYER.
17.PENALTYFORDELAYINDELIVERYANDCANCELLATIONOFCONTRACT
SUPPLIERagreesthatforeachweekofdelayindelivery,apenaltyof0.5%ofthecontractvaluewillbepaidbySUPPLIERtoBUYERandthesameamountwillbedeductedfromthepaymentforthecontractprice,penaltyamountcannotexceed5%ofContractValue,Ifthedelayismorethansix(6)weeks,BUYERisentitledtocanceltheundeliveredportionbysendingalettertoSUPPLIERwithoutanycompensationtoSUPPLIER.
18.FORCEMAJEURE
ShouldSUPPLIERbepreventedfromexecutingtheContractbyFORCEMAJEUREsuchasnaturaldisasters,wars,strikes,governmentpriorities,embargoesoranyothercausebeyondreasonablecontrol,SUPPLIERshall,withintwo(2)workingdays,adviceBUYERoftheoccurrencetheabove-mentionedoccurrenceinwrittenformandwithin14daysthereaftersendbyregisteredmailtoBUYERacertificateissuedbythecompetentAuthoritieswheretheFORCEMAJEUREoccursasevidencethereof.UndersuchcircumstancesSUPPLIER,however,isstillundertheobligationtotakeallnecessarymeasurestohastenthedeliveryofthegoods.Incasetheaccidentlastsformorethan5weeks,theBUYERshallhavetherighttocancelthecontractwithoutanycompensationtoSUPPLIER.
19.ModificationtoCONTRACT
AnymodificationtoCONTRACTshallbemadeinwrittenformandsignedbytheauthorizedrepresentativesofbothpartiestoconstituteintegralpartsofCONTRACT,andshallhavethesameforceasCONTRACTitself.
20.CONTRACT
CONTRACTismadeinEnglishandinTWOoriginalcopies,ONEcopytobeheldbyeachpartyinwitnessther
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