GROUP ASSIGNMENT CHAPTER 5 GROUP 2

GROUP ASSIGNMENT CHAPTER GROUP INTERNATIONAL SALE CONTRACT Date: March 16, 2020 Party A: ABC Trading Co, Ltd (Vietnam) Address: Fax: Represented by: Hereinafter referred to the Seller Party B: NZ Co, Ltd (Japan) Address: Fax: Represented by: Hereinafter referred to the Buyer Both parties have agreed to sign the contract with the following terms and conditions: Commodity: Coffee (types of coffee need to be specified, Ex: Vietnam Robusta Coffee) Quality: As shipment in last month (Quality/ Specification need to be specified or “according to the sample agreed by both parties shipped”) Quantity: 500 MT more or less 5% (at buyer’s option) ***Lack of Packaging: The goods to be packed in the Manufacturer's Standard Export Price: - Price to be understood FCA or CIF (choose FCA or CIF, If we use a combination of two term, it should be written details with the percentage of each term), which port? Incoterms 2000 or 2010? - Unit price: USD 1,200/MT - Total amount: USD 600,000 (+/- 5%) - Total amount in words: United States Dollar six hundred thousand only Payment: Payment by irrevocable L/C to be opened not later than March 15, 2020, for 100% of invoice value, in favor of the seller - Issuing bank: HSBC Bank, Japan - Notifying bank: Vietcombank, HCM City, Vietnam Delivery: Delivery of goods will be made CIF - Time of delivery: Latest date of shipment will be March 16, 2020 July 30, 2020 Port of shipment: Osaka port Saigon Port Port of destination: Saigon port Osaka Port Partial shipment: allowed; The first shipment of 200 MT; Time of the first shipment? Number of the second shipment Transhipment: not allowed Notice of shipment: IF FCA  The Buyer will advise the Seller the name of vessel not later than three (03) days before shipping date by fax  Within 05 days from the shipment date the seller must fax to the buyer the following documents: Invoice, Detailed Packing List, Bill of Lading, Certificate of Insurance IF CIF  The Seller will advise the Seller the name of vessel not later than three (03) days before shipping date by fax  Within 05 days from the shipment date the seller must fax to the buyer the following documents: Invoice, Detailed Packing List, Bill of Lading, Certificate of Insurance Shipping documents: The buyer will present following documents: − Invoice (It should be “Commercial Invoice, lack the number of original of Commercial Invoice)  Commercial Invoice in three originals − Certificate of Quantity and Quality (lack the number of copies of Certificate)  Certificate of Quantity and Quality in two copies Packing list in two copies − Full set Bill of Lading marked "Freight collect at destination” “Freight prepaid” made out to order of bank HSBC Bank, Japan − Certificate of Insurance − Certificate of Origin form B (form B is not preferential for Vietnamese exports, lack the number of copies)  Certificate of Origin form AJ (of VJ) in two copies Insurance: will be covered by the Seller by All Risk Policy (Seller if CIF, Buyer if FCA) 10 Force majeure: will notify when force majeure occurred (Missing Listing events, notification time) Flood, fire, strike or other labor disturbances, acts or omissions of government or other competent authorities, war declared or not, riot, civil commotion, sabotage, acts of god which may be occurred shall be considered as force majeure The party that bears force majeure has to notify the other party of the force majeure cases by fax/telex within five (05) days upon the force majeure taken place Such force majeure cases, if any, must be certified by the Chamber of Commerce of the country concerned 11 Arbitration: All disputes arising out of this contract or breach thereof which cannot be settled amicably by the parties concerned shall be settled by Arbitration Center The award of this organization shall be final and binding upon both parties (Missing who shall bear arbitration costs) In the event of arbitration, the party against whom the award is made shall bear the entire costs of both parties to the action 12 General terms: This contract will come into force from the signing date Missing clear date, number of copies - If any of the provisions in this contract is violated in part or whole, the aggrieved party shall formally inform the other party in writing to seek resolution - This contract will come into force from the March 16, 2020 - This contract is made in four (04) copies in English Each party keeps two (02) copies of contract having equal value − FOR THE SELLER FOR THE BUYER INTERNATIONAL SALE CONTRACT Date: March 16, 2020 Party A: ABC Trading Co, Ltd (Vietnam) Address: Fax: Represented by: Hereinafter referred to the Seller Party B: NZ Co, Ltd (Japan) Address: Fax: Represented by: Hereinafter referred to the Buyer Both parties have agreed to sign the contract with the following terms and conditions: Commodity: Vietnam Robusta Coffee Quality: According to the sample agreed by both parties shipped Quantity: 500 MT more or less 5% at Buyer’s option Price: - Price to be understood CIF Saigon Port, Incoterms 2010 - Unit price: USD 1,200/MT - Total amount: USD 600,000 - Say: United States Dollar six hundred thousand only Packaging: The goods to be packed in the Manufacturer's Standard Export Payment: Payment by irrevocable L/C to be opened not later than March 15, 2020, for 100% of invoice value, in favor of the seller - Issuing bank: HSBC Bank, Japan - Notifying bank: Vietcombank, HCM City, Vietnam Delivery: Delivery of goods will be made CIF - Time of delivery: Latest date of shipment will be July 30, 2020 Port of shipment: Saigon Port Port of destination: Osaka Port - Partial shipment: allowed; The first shipment of 200 MT; The second shipment: the rest - Transhipment: not allowed Notice of shipment:  The Seller will advise the Seller the name of vessel not later than three (03) days before shipping date by fax  Within 05 days from the shipment date the seller must fax to the buyer the following documents: Invoice, Detailed Packing List, Bill of Lading, Certificate of Insurance Shipping documents: The buyer will present following documents: − Commercial Invoice in three originals − Certificate of Quantity and Quality in two copies − Full set Bill of Lading marked "Freight prepaid” made out to order of HSBC Bank, Japan − Certificate of Insurance Certificate of Origin form AJ (of VJ) in two copies Insurance: Insurance for the contracted goods will be covered by the Seller by All Risk Policy 10 Force majeure: Flood, fire, strike or other labor disturbances, acts or omissions of government or other competent authorities, war declared or not, riot, civil commotion, sabotage, acts of god which may be occurred shall be considered as force majeure The party that bears force majeure has to notify the other party of the force majeure cases by fax/telex within five (05) days upon the force majeure taken place Such force majeure cases, if any, must be certified by the Chamber of Commerce of the country concerned 11 Arbitration: All disputes arising out of this contract or breach thereof which cannot be settled amicably by the parties concerned shall be settled by the International Arbitration Center in Vietnam The award of this organization shall be final and binding upon both parties In the event of arbitration, the party against whom the award is made shall bear the entire costs of both parties to the action 12 General terms: This contract will come into force from the signing date If any of the provisions in this contract is violated in part or whole, the aggrieved party shall formally inform the other party in writing to seek resolution This contract will come into force from the March 16, 2020 This contract is made in four (04) copies in English Each party keeps two (02) copies of contract having equal value − FOR THE SELLER FOR THE BUYER ... by both parties shipped Quantity: 50 0 MT more or less 5% at Buyer’s option Price: - Price to be understood CIF Saigon Port, Incoterms 20 10 - Unit price: USD 1 ,20 0/MT - Total amount: USD 600,000... This contract will come into force from the March 16, 20 20 - This contract is made in four (04) copies in English Each party keeps two ( 02) copies of contract having equal value − FOR THE SELLER... Manufacturer's Standard Export Payment: Payment by irrevocable L/C to be opened not later than March 15, 20 20, for 100% of invoice value, in favor of the seller - Issuing bank: HSBC Bank, Japan - Notifying