SALES CONTRACT

No: 356/VCD
Date: 1st September, 2018
This contract is made between:
Sync Textile company JSC, Australia.
Address: No 234, Inner West, Sydney, Australia
Tel: +61 63388952 Fax: +61 64884950
Represented by: Mrs Jackson Title: Manager
Hereinafter called: The Seller
And
XY Merchant Co. Ltd, Singapore
Address: 122 MacKenzie Road Singapore 228711,Singapore
Tel: +65 63388590 Fax: +65 43384950
Represented by: Ms Linda Title: Manager
Hereinafter called: The Buyer
By signing this contract, it has been agreed that the Buyer buys and the Seller sells the
commodity based upon the following terms and conditions:
1. Commodity:

ITEMS Model Quantity Unit Price Amount

(kg) (AUD) (AUD)
Refined wool Grey color 20,000 3 60,000
yarn
Total 20,000 60,000.00

This price is understood to be CFR Singapore port (Incoterms 2010)

In words: US Dollars Sixty thousand only.

2. Quality:
- Brand-new with export standard
 - The quality of commodities as above-mentioned is in good condition confirmed by
both parties.
3. Origin: Australia
4. Packing: In export standard carton, 20 kgs in a carton box.
5. Marking:
Each box will be marked as follows:
+ Model of product
+ Brand: Sync Textile company JSC, Australia.
+ Made in Australia, New 100%
6. Delivery:
a) Shipment time:
- Lastest shipment date: 15/10/2018
- Port of loading: Jackson, Sydney, Australia
- Port of discharge: Singapore
- Transshipment: Allowed
- Partial shipment: Not allowed.
b) Notice of shipment: within 48 hours after ship on board date, the Seller shall advise
the Buyer by Fax or email of B/L No, Invoice No, loading port, sailing date.
7. Payment:
Payment will be made by an transferable L/C 60 days from B/L date for 100% of Invoice
value through the following beneficiary’s information:
Banking name: Commonwealth Bank
Address: 201 sussex street, Sydney, Australia
Swift code: CTBAAU2S
Name of beneficiary: Sync Textile company JSC, Australia.
The Seller shall send directly a full set of original documents to issuing bank and detailed
document to the Buyer by fax and by email. The Seller shall allow Issuing Bank to
endorse the original B/L and then the Buyer shall use endorsed original document to
receive goods. The L/C should be negotiated against the following shipping document:
- Original Clean on board Bill of Lading made out to the order of the Issuing Bank
marked “freight prepaid” and notify the accountee.
- Signed Commercial Invoice by the Seller in duplicate
- Signed Detailed Packing List by the seller in duplicate
- Certificate of Origin Form D issued by the Department of Foreign Trade, Government
of Australia in 2 originals
8. Penalty:
The Seller is to pay to the Buyer liquidated damages for delivery delay as follows:
At the rate 0.5% for each day of delay from the end of the expected delivery date
stipulated in the delivery schedule. The total sum of liquidated damages for the
equipment, materials and spare parts shall, however, not exceed 5% of the value of the
equipment and/or materials delayed.
The Seller shall advise the Buyer in written immediately if delivery schedule is changed.
The above rate of the liquidated damages are not to be reduced or increased by
arbitration.
The liquidated damages will be paid by the Seller against the Buyer’s invoice within 15
days after receipt thereof.
If fail quality as agreement of both parties, the Buyer will re-export goods and the Seller
will bear all fees for re-export and other fee.
9. Insurance:
To be converted by the Buyer.
10. Claim:
In case of non-conformity of the quality and quantity of goods actually delivered by the
Seller with the contract specifications, any claim concerning the quality and the quantity
of the goods must be presented to the Seller within 45 days from the date of arrival of
goods at destination port. No claims shall be accepted by the Seller after deadline of the
above period.
11. Arbitration:
Any dipute arising out of or connection with the execution of this contract shall be settled
by amicable negotions between the two parties. In case of failure to reach an agreement.
Singapore International Arbitration Center under the Singapore Chamber of Commerce
and industry using Commercial International Laws whose awards shall be final and
binding upon both parties shall settle all disputes. The fee for the arbitration and/or other
charges shall be born by the losing party, unless otherwise agreed.

The Seller The Buyer