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Standard Sale/Purchase Contract : India
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SALES / PURCHASE CONTRACT
YELLOW INDIAN SOYBEAN MEAL
DATE …………….........................
SELLER : ……………..................
BUYER : Members of The Feedstuff Users Promotion Association.
COMMODITY : Indian Yellow Solvent Extracted Toasted Soybean Meal
ORIGIN : India
SPECIFICATIONS
Protein :
- Basis 48% (as is), minimum 46.0% protein, non-reciprocal allowances 1 : 1 fractions in proportion.Below 46% rejectable at load port. Above 48%acceptable and no allowance is required.
Moisture :
- Basis 12.0% maximum 12.5% moisture, non-reciprocal allowances 1 : 1 fractions in proportion to 12.5%Above 12.5% rejectable at load port.Below 12.0% acceptable and no allowance is required.
Fibre :
- Basis 6% maximum 7%, non-reciprocal allowances 1 : 1 fractions in proportion to 7%. Above 7% rejectable at load port. Below 6% acceptable and no allowance is required.
Ash :
- 8.0% maximum, above 8.0% rejetable at load port.
Sand/Silica :
- 2.5% maximum, above 2.5%, rejectable at load port.
Urease activity :
- 0.05-0.30 Mg/N/G at 30 degrees C by EEC method below 0.05 and above 0.30, rejectable at load port with no allowance.
Any allowance incurred at loading port will be deducted from Invoice value as per the quality certificate.
WEIGHT :
- Final at load port as per mutually agreed nominated first class independent surveyor’s certificate at seller’s expenses.
QUALITY :
- Final at discharge port as per buyer’s nominated first class independent surveyor’s certificate at buyer’s expenses.
QUANTITY : …….. Metric tons
TOLERANCE : …5.… % more or less at seller’s option at contract price
PACKING : In Bulk
PRICE : USD ………... Per Metric Tons CFR Liner Out Bangkok
SHIPMENT : ……………… governed by GAFTA allowance.
PAYMENT TERMS:
- By 100% unrestricted Irrevocable sight L/C in U.S Dollars in favor of seller to be opened within 15 working days prior to the first date of shipment period.
- Charter party B/L acceptable
- Photocopy of certificates presented for L/C negotiation acceptable except Invoice, B/L and Draft.
- All bank charges outside Thailand are for seller
’s account including confirming L/C if needed.
Inconsistent shipper name on documents acceptable
Document presented in excess of 21 days after the B/L date but within the validity date of credit acceptable.
T/T reimbursement allowed, T/T charges are for beneficiary’s account.
DOCUMENTS:
- Signed Commercial Invoice in 1 original 2 copies
- Full set (3/3)clean on board B/L, marked “Freight Prepaid”
- Weight Certificate issued by first class independent surveyor.
- Quality Certificate issued by first class independent surveyor.
- Certificate of Origin issued by chamber of commerce notify name and quantity as shown in B/L.photocopy allowed any expenses caused by delay of document is seller’s account.
- Phytosanitary Certificate issued by government authority, photocopy allowed, larger quantity than B/L acceptable.
- One full set of non-negotiable documents together with original of Certificate of Orgin and Phytosanitary certificate must be couriered to buyers and to be reached buyers before vessel arrival, courier receipt required.
- Fumigation Certificate issued by first class independent surveyor.
SHIPPINNG TERMS :
OTHER TERMS AND CONDITIONS :
- All import duties, taxes, licenses, or levies present or future in country of destination are for buyer’ s risks and account, buyer guarantee to obtain license, if failed, cannot be claimed as “Force Majeur
”
Transhipment are not allowed
Partial shipment not allowed
Buyer is to ensure adequate marine insurance coverage for cargo including HSSC upon cargo loaded on seagoing vessel at loading port.Overage insurance premium, for vessel over 15 years of age, if any, is for seller’s account at ……110… % of total invoice value including stamp and duty and to be paid to buyers within 30 days after presenting documents.
Combined cargo with other products / buyers, allowed.
Commingling of cargo allowed but only the same product (artificial separation not allowed).
GOVERNING CONTRACT:
All other terms and conditions as per GAFTA Contract Nos. 100,124,125 currently in force. Both the buyer and seller hereby acknowledge familiarity with text of the said Gafta contracts and agree to be bound by terms and conditions. Arbitration in U.K.
…………………….……… ………………………..
FOR SELLER FOR BUYER
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