Sales Contract

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The key takeaways from the contract are that it is for the sale of 200 metric tons of electrolytic copper cathodes from Pan Pacific Copper Co. to Tan Cuong Thanh Electrical Wire-Cable Co. for a total of USD 660,000 to be delivered by March 31st, 2018 to Ho Chi Minh City port in Vietnam.

The commodity being sold is 200 metric tons (+/-5%) of electrolytic copper cathodes of LME Grade A Registered brand. The unit price is USD 3,300 per metric ton on a CIF basis to Ho Chi Minh City port in Vietnam.

Payment will be made through an irrevocable letter of credit for 100% of the contract value that must be opened by February 28th, 2018 payable at sight against presentation of shipping documents including a bill of lading, commercial invoice, packing list, certificate of quantity and quality, and certificate of origin.

SALES CONTRACT

Contract No. : 09CE-TCT01S


Date : February 16th, 2018
Between:
THE SELLER: PAN PACIFIC COPPER CO., LTD
Add : 8th Floor Shin-Nikko Building 2-10-1 Toranomon Minato-Ku
Tokyo 105-0001, Japan
Tel: 0081-3-3560-8620 Fax: 0081-3-3560-8676
THE BUYER: TAN CUONG THANH ELECTRICAL WIRE-CABLE CO., LTD
Add: 426 Nguyen Trai St., Ward 8, Dist. 5, Hochiminh City-Vietnam

TRÚC ( DO PHẦN NÃY DỄ DỊCH NÊN HƠI DÀI


NHA)
After discussion both parties have agreed to sign this Contract under the following terms and conditions:
COMMODITY-QUANTITY-PRICE-TOTAL AMOUNT
- Commodity : Electrolytic Copper Cathodes LME Grade A Registered
- Quantity : 200 MTS (+/-5%)
- Unit price : USD3,300.00 Per MT CIF Hochiminh City Port, Vietnam
- Total Amount : USD660,000.00
(Says: US Dollars six hundred sixty thousand only)
o The above price is understood CIF Hochiminh City Port Vietnam (Incoterms 2010)
o Quantity and total amount are more or less 5% acceptable.
- Quality : IME Grade A Registered Brand
- Packing : Export Standard packing
SHIPMENTS
- Latest of shipment : March 31st, 2018
- Loading port : Any Asian Port
- Discharging port : Hochiminh City Port, Vietnam
- Partial shipment : Not allowed
- Transshipment : Not allowed
PAYMENT:
 The total amount of this contract will be paid by irrevocable Letter of Credit at sight basis for 100%
full contract value to be opened through any Bank of Vietnam in favor of:
PAN PACIFIC COPPER CO., LTD
Add : 8th Floor Shin-Nikko Building 2-10-1 Toranomon Minato-Ku
Tokyo 105-0001, Japan
Tel: 0081-3-3560-8620 Fax: 0081-3-3560-8676
 Advising bank: THE BANK OF TOKYO-MITSUBISHI UPJ, LTD. TOKYO MAIN OFFICE
SWIFT CODE: BOTKJPJT
 L/C should be opened no later than February 28th, 2018
 Payable at sight against presentation of the following documents:

DOCUMENTS REQUIRED: ( LINH)


- 3/3 original Clean Shipped On Board Ocean Bill of Lading made out to order of the issuing Bank,
marked “FREIGHT PREPAID” and notify the applicant.
- Signed Commercial Invoice issued by the Seller : 01 original and 02 copies
- Detailed Packing List issued by the Seller : 01 original and 02 copies
- Certificate of Quantity and Quality issued by the Seller : 01 original and 02 copies
- Certificate of Origin issued by the Seller : 01 original and 02 copies
- Insurance Policy/ Certificate for 110% Invoice value in USD, blank endorse, showing claim payable
in Vietnam covering: Institude Cargo Clause (A), Institude Strikes Clause (Cargo), Institude War
Clause (Cargo)
- Beneficiary’s certificate certifying that one set of non-negotiable documents has been sent to the
Buyer within five (5) working days from B/L date by DHL who receipt to this effect must be
presented for negotiation.

INSURANCE: ( HIỀN)
Seller shall secure and pay for insurance for 110% of the provisional CIF value of the material covering
all risks through to discharge port. Insurance cover will cease upon arrival of material at discharge port.
INCOTERMS:
Unless otherwise specified herein, INCOTERMS 2010 will be applicable for the execution of the
present contract.

INSPECTION: ( PHƯƠNG)
The Seller’s Quality and Quantity Certificate are final. However, the Buyer is entailed to have the goods
inspected by SGS. In case of claim on quality and quantity, the Buyer must claim with SGS report
within 15 days after arrival of vessel for claim of quantity and within 30 days after arrival of vessel for
claim of quality. Such claim shall be settled by the Seller within 30 days after receipt of SGS report.

ARBITRATION: ( VY)
Any disputes arising out from this contract shall be settled amicably at first. Should it not be possible
to reach such settlement this claim will be settled by Vietnamese International Arbitration Centre beside
Chamber of Commerce and Industry of Vietnam in accordance with International Standard. The award
of this center shall be considered as final and is binding to both parties. All charges relating to arbitration
to be born by the losing party.

FORCE MAJEURE: (DUNG)


In the event of non-fulfillment or delay performance of all or any part of this Contract, due directly or
indirectly to any Act of God, government regulation, rules or restrictions, fire, flood, war, strikes
(including those against Seller) or labour disputes, or any other casualties or contingencies beyond the
control of Seller or otherwise unavoidable, Seller shall not be responsible for such non-fulfillment or
delayed performance and may at Seller’s option, perform or cancel this contract or any unfulfilled
portion thereof.
Force Majeure circumstances must be notified by cable of fax by the one party to the order within 07
days after such cable of fax notification, a certificate of Force Majeure issued by competent government
authorities will be sent to the other party within 07 days by Express Courier Service, beyond this time
Force Majeure circumstances shall not be taken into consideration. In case of doubt, both parties shall
refer to the

GENERAL TERMS: ( (MỸ)


Both parties undertake to execute strictly all the articles of this contract. Any amendment or addition to
this contract shall be made in writing and signed by authoritative representative of both parties.
FOR THE SELLER FOR THE BUYER
PAN PACIFIC COPPER CO., LTD GENERAL
DIRECTOR
Signed Signed
Authorized Signatory

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