1. CONTRACT
No: 89/2013/HD/VIEMCO-DI
Today 14th
October 2013, we
PARTY A: VIETTRONICS AND MECHANICS PHUTHOHOA COMPANY
- Abbreviated company name: VIEMCO
- Address: 1026B Luy Ban Bich, Hoa Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam
- Tel.: +84-38605125; +84-8-38653978; +84-8-38659906; Fax: +84-8-38100 755
- Email: phuthohoa@hcm.fpt.vn;
- Representative: Mr. NGUYEN DUC MINH; Position: Director; Tel: +84-903.813.300
And
PARTY B: D INSTALL COMPANY
- Address: AE Naaldwijk, The Netherlands
- Tel.: +31 (0)174 62 94 22; Fax: +31 (0)174 62 66 23
- Representative: Mr. René Coner ; Position: CEO; Tel: +31 174 612 223
- Person In Charge: Mr. C. A. Thuwes; Position: Purchase Consultant
After discussing and careful consideration, we two parties mutually agreed to sign and enter into this
contract with the terms and conditions as follows:
ARTICLE 1: COMMODITY, PRICE, MINIMUM ORDER QUANTITY
1.1. Party A agreed to sell and Party B agreed to buy the following commodities:
No. Part Name - Part number
Quantity
(Pcs)
Unit price
(USD)
Total
(USD)
1 Item Katrolstrip XL 40,000 0.141 5,640
2 Item Gatenkaas Special 10,000 1.053 10,530
SUB TOTAL 16,170
VAT 0 % -
TOTAL CONTRACT VALUE 16,170
In words: Sixteen thousand one hundred and seventy US Dollars.
1.2. All commodities must be made in VIEMCO in Vietnam.
ARTICLE 2: TECHNICAL SPECIFICATIONS AND QUALITY
2.1. Party A shall sell to Party B products having dimentions and qualities that meet party B’s
approved drawings and approved samples.
ARTICLE 3: PURCHASE ORDER
3.1. Purchase order can be sent by fax, email or any delivery service such as DHL, FedEx etc.
3.2. After receiving Party B’s Purchase Order, Party A shall confirm the delivery time to Party B.
ARTICLE 4: PACKAGING, DELIVERY AND DOCUMENTATION
4.1. Products shall be packed into carton boxes and then in wooden pallet. Until not having Party
B’s specific packaging requirement, Party A can apply his standard packaging. Each carton
box shall have a label with product name and quantity.
4.2. Party A shall deliver products to Ho Chi Minh City Port as per the F.O.B. Term in
International Incoterms 2000.
4.3. For each delivery, Party A can provide Party B with a set of documents including Contract,
Invoice, Packing List and Certificate of Origin.
ARTICLE 5: PAYMENT
5.1. Party B shall pay to Party A for each Purchase Order as follows:
5.1.1. First payment: 50% of the Total Purchase Order Value, 5 days after Party B sent Purchase
Order to Party A.
5.1.2. Last payment: the rest 50% of the Total Purchase Order Value, within 5 days after products
arrived at Ho Chi Minh City Port.
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2. ARTICLE 6: GENERAL CONDITIONS
6.1. In the execution course of this contract, all disputes not reaching an amicable agreement shall
be settled by the Economic Arbitration Board of Ho Chi Minh City in Vietnam under the rules
of The International Chamber of Commerce whose awards shall be final and binding for both
parties. Arbitration fee and other related charges shall be borne by the losing party.
6.2. This contract comes into effect from the signing date to when the Party B paid all debts to
Party A.
6.3. This contract is made in 4 copies in English with the same validity. Each party keeps 2.
Date: 14/10/2013 Date: 14/10/2013
On behalf of Party A: On behalf of Party B:
Ms./Mrs./Mr.: ………………………………… Ms./Mrs./Mr.: ……………………….…
Signature and Stamp: Signature and Stamp:
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