Page 1 OF 5 ABS INDUSTRIAL RESOURCES LIMITED ADDRESS: UNIT 1 ADWICK PARK CONTRACT NO:ABSLTD0121 MANVERS ROTHERHAMSOUTH YORKSHIRE ZIPCODE- S63 5ABCompany DATE : 10th OTOBER, 2018 BUYER’S PURCHASE NO: NO- 07793480 AQSIQ NO- A826080434 SIC code: 46720 VAT Registration No. GB 308425275 Contact Phone: +447045790858, +4470452304024, +447452266991 www.absindustrialresourcesltd.com SALE AGREEMENT LETTER THIS AGREEMENT OF SALE is made at South Yorkshire, England, S63 5AB, UK on this 10th day of October 2018 BETWEEN The Seller: Mr. Richard Andrew Jones: M/S. ABS INDUSTRIAL RESOURCES LIMITED Unit 1, Adwick Park, Manvers, Rotherham, South Yorkshire, England, S635AB, UK Tel: 447452266991, 44704590858 & 447452304024 Email: inquiries@absindustrialresourcesltd.com www. absindustrialresourcesltd.com AND The Buyer: KALAF GULF GENERAL TRADING & CONTRACTING COMPANY Represented by Mr. Mohammad Dilwar Phone No: +965 6040 5059 This Contract is made between the seller and the buyer of OCC Paper Scrap, whereas the seller agrees to sell and the buyer agrees to buy the commodities on the following terms and conditions. This Agreement is made on Authentic Legal Paper (2 Sets) and after signing it should be attested. After execution and verification, both Parties will take Each Original Copy. The following contract is a document that is legally binding and enforceable under International Law and ICC (International Chamber of Commerce) Rules and Regulations inclusive. This Contract entitles Buyer to file a legal law suit against Seller (Vice Versa), if violation of agreement regarding the specification of goods is recorded. ABS confirms full Instant refund of 100% payment upon request by buyer due to dissatisfaction of materials. Page 2 OF 5 We hereby attest to adhere strictly to the terms stipulated on this contract, We give 100% Performance Guarantee to KALAF GULF GENERAL TRADING & CONTRACTING COMPANY , We are liable to a legal action against us if in whatever way we default the terms on this agreement. SECTION 1 GENERAL COMMODITIES: UNCOATED COPPER WIRE SCRAP (99.98% PURITY CU) Price = $2,300/MT CIF Saigon Port Vietnam 2. Packaging Specification: Standard Export Packaging Or As Per Customer’s Request 3. Quantity: 1,000 Metric Tons 3.1. Delivery Details: Shipped Within 7 days after confirming deposit 3.2. Estimated Delivery: Within 21 Days Inspection is 100% allowed on company flexible terms Payment term is T/T Packing is in bales on pallet 4. Port of Loading: Felixstowe Port, UK 5. Destination: Saigon Port, Vietnam 6. Terms of Payment "T/T ( Telegraphic Transfer) - 10% TT against proforma invoice & signed contract, 90% Upon arrival of goods at destination port. This is to cover local cost such as processing & packaging, local transportation from warehouse to port of loading, loading, SGS inspection etc.". SECTION 2 TERMS OF DELIVERY 7. PROCEDURES - BUYER (BP) WILL SEND PURCHASE ORDER (PO) - SELLER SENDS CONTRACT, ALONG WITH THE PROFORMA INVOICE WHICH IS DEEMED AS ORIGINAL, FINAL AND BINDING. - WITHIN 3 - 5 BANKING DAYS OF SIGNING OF THE FINAL CONTRACT (ELECTRONIC VERSION), THE BUYER WILL SEND THE 10% TT DEPOSIT. - DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED. -IN THE CASE PRODUCT IS NOT MATCHING YOUR STANDARD, THEN THE AGREEMENT WILL BE CANCELLED AND WILL REFUND BACK YOUR DEPOSIT WHICH HAS BEEN PAID 8. CIF Terms Containers free time 14 days at Saigon Port Vietnam, making delivery time a total of 30 – 35 Days. a) The Seller shall ship the goods within the time as stipulated in clause 3.1 & 3.2 of this Contract b) Goods shall arrive its final destination within the normal and reasonable period of time. c) The Seller shall, at least 3 days prior to the date of shipment, inform the Buyer by E-mail or in written of the following information: the name of the carrying vessel, the expected date of loading, the expected time of arrival at the port of destination and its final destination. d) The Seller shall maintain close contact with the carrying vessel and shall notify the Buyer by fastest means of communication about any and all accidents that may occur while the carrying vessel is on route. The Seller shall assume full responsibility and shall compensate the Buyer for all losses incurred for its failure to give timely advice or notification to the Buyer. Page 3 OF 5 e) The Seller shall be responsible for covering the cargo with relevant insurance with respective percentage. F) The seller shall be fully responsible for the Third party inspection (SGS Inspection) to be performed on the materials (Inspection Charges shall be Seller’s Responsibility). 9. Advice of Shipment Within 48 hours immediately after completion of loading of goods on board the vessel the Seller shall advise the Buyer by E-mail or Notice in written of the weight (net/gross) or quantity loaded, Invoice value, name of vessel, port of loading, sailing date, expected time of arrival (ETA) at its final Destination and any necessary technical information about loading at the port of destination. 10. Shipping Documents The Seller shall present the following documents to the Buyer: 1) Three Original Of Commercial Invoice & Packing List. 2) 3/3Full set of Original Clean on board Bills Of Landing marked” FreightPrePaid” 3) Certificate of Origin Legalized By Chamber of Commerce. 4Weight and Quality &Inspection Certificate Issued by a First Class Inspection International Company “SGS”. 5)Insurance Certificate Issued by Watson Laurie Insurance, Covering 110% Of Goods. 11. Quality The Quality must be same as mentioned in commodities specifications provided to the buyer. If the quality is different, seller must return full amount of goods to buyer within 7 days after Written Notice. Buyer will pay Inspection Company to check the quality. 12. Costs Each party bears their own costs accumulated include expenses as for travelling, lawyers, Investigations, consulting, planning, etc. 13. Force Majeure Neither the Seller nor the Buyer shall be held responsible for late delivery or non-delivery owing to generally recognized “Force Majeure” causes. However in such a case, the Seller shall immediately advise in written the Buyer of the accident and airmail to the Buyer within 15 days after the accident, a certificate of the accident issued by the competent government authority or the chamber of commerce which is located at the place where the accident occurs as evidence thereof. If the said “Force Majeure” cause lasts over 50 days, the Buyers shall have the right to cancel the whole or the undelivered part of the order for the goods as stipulated in Contract. Page 4 OF 5 14. Arbitration Both parties agree to attempt to resolve all disputes between the parties with respect to the application or interpretation of any term hereof of transaction hereunder, through amicable negotiation. If a dispute cannot be resolved in this manner to the satisfaction of the Seller and the Buyer within a reasonable period of time, maximum not exceeding 60 days after the date of the notification of such dispute, the case under dispute shall be submitted to arbitration before UK Consulate General Unless otherwise agreed upon by both parties. The language of arbitration shall be English. The arbitration award shall be final and binding upon both parties. The arbitration fees shall be borne by the losing party. Specifications: Specifications: Grade A Copper Wire scrap 99.98% (Red wire) Copper Wire scrap 99.98% at a purity of 99.98% COPPER: 99, 9%, CARBON: 0.03%, COBLET: <0, 001, IRON: 0, 005%, PHOSPHORUS: <0, 01%, SULPHUR: <0, 01%, ZINC: 0, 003% Brass wire with diameter 0.1. 0.15, 0.20, 0.25, 0.30mm COMMODITY: Copper Wire Scrap, (Millberry) 99.98%. 16.- Agreement Signatories: In witness hereof, the seller and the buyer affix their respective signatures and seal accepting all of the terms and conditions herein, which becomes effective and legally binding hereinafter. The Seller: MR. RICHARD ANDREW JONES ABS Industrial Resource Limited Unit 1, Adwick Park, Manvers, Rotherham, South YorkShire, Egland, S635AB, UK Tel: 44704590858, 447452304024 & 447452266991 Email: inquiries@absindustrialresourcesltd.com www. absindustrialresourcesltd.com The Buyer: ........................... KALAF GULF GENERAL TRADING & CONTRACTING COMPANY Represented by Mr. Mohammad Dilwar Phone No: +965 6040 5059
