CONTRACT FOR THE EXPORTING OF RICE
No. 007/VNF/2020
Date: 04/10/2020
BETWEEN:
Buyer Name: HDR FOOD CORP.
Address: Lot 1, Block 1, Manchester Industrial Subdvision Sauyo Road,
Novaliches, Quezon City, Philippines
Tel: +(632) 984-1361
Fax: 0293 5829 352
Represented by Mr. JOHNSON WANG
(Hereinafter called the Buyer)
AND
Seller Name: VNFOOD JOINT STOCK COMPANY
Address: Block 27, B1-98, Hoa Xuan Ward, Cam Le District, Da Nang, Vietnam
Tel: 082 8888 767
Fax: 0283 9112 119
Represented by Ms. NGUYEN MINH NGOC
(Hereinafter called the Seller)
The above parties hereby agreed that Seller shall sell and Buyer shall buy the
following commodity with the following terms and conditions:
1/ COMMODITY: Vietnamese Rice, Wholly Milled, Medium Grain –
HS1006.30.9020
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2/ SPECIFICATION: Vietnam White Rice Standards, TCVN 5644:2008 and
TCVN 5643:1999
Rice shall be fresh, free from abnormal flavors, odors and live insects. The main
requirements for Rice are:
Moisture 14.0% m/m max.
Short grain (< 6.0 mm) 70.0% m/m min.
Whole kernels 45.0% m/m min.
Brokens (0.25- 0.6 L) 20.0±2.0% m/m max.
Small brokens 0.1% m/m max.
Red and/or Under milled kernels 5.0% m/m max.
Yellow kernels 1.25% m/m max.
Chalky kernels 7.0% m/m max.
Damaged kernels 2.0% m/m max.
White glutinous rice 2.0% m/m max.
Undeveloped, Immature kernels 0.5% m/m max.
Foreign matter 0.3% m/m max.
Paddy (grains per 1 kg) 20 grains max.
Milling degree Reasonably milled
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3/ QUANTITY: 100,000 MT more or less 5% at Seller's option
4/ PACKING: Rice to be packed in single jute new bags of 50 kgs net each, about
50,6 kgs gross each, hand-sewn at mouth with jute twine thread suitable for rough
handling and sea transportation. The Seller will supply 0.2% of new jute bags free of
charge out of quantity of bags shipped
5/ PRICE: USD 505.00/MT FOB Da Nang Port
a- Dunnage, bamboo mat for Ship owner's/Buyer's account
b- Shore tally to be at Seller' account
c- Vessel's tally to be at Buyer's/ Ship owner's account
d- All export duties, taxes, levied in the country of origin to be at Seller's account
e- All import duties, taxes, levied in the country of destination and outside Vietnam
shall be for Buyer's account.
6/ TERM OF DELIVERY: FOB Da Nang Port Incoterms 2020
- Port of loading: Da Nang Port.
- Port of unloading: Philippines Port.
- Notice of shipment: within 24 hours after finishing the shipment, the seller must
inform to the buyer the details of shipment including: date of shipment, GW,
NW, containers, ETA, ETD, etc. which is sent by fax firstly and confirmed in
written documents.
- Transshipment: Not allowed
- Partial shipment: Not allowed
7/ TIME OF SHIPMENT: 20 - 25 days after L/C opening date
8/ INSURANCE: To be arranged and covered by the Buyer
9/ PAYMENT: By irrevocable and transferable at sight L/C.
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The Seller will collect for presentation of the following documents to the Bank for
Foreign Trade of Vietnam, payable within 3-5 banking days after receipt of the telex
from Vietcombank verified that documents have been checked in conformity with
the L/C terms:
- Full set of Clean on board B/L in three (3) originals marked Freight to collect
- Commercial invoice in three (3) folds
- Certificates of quality, weight and packing issued by Vinacontrol to be final at
loading port in six (6) folds
- Certificate of Origin issued by Vietnam Chamber of Commerce in six (6) folds
- Phytosanitary certificate issued by the Competent authority of Vietnam in six (6)
folds
- Cable/ Telex/ Fax advising shipment Particulars within 24 hours after completion
of loading
10/ INSPECTION AND FUMIGATION
a- The certificate of quality, weight and packing issued by Vinacontrol at loading port
to be final and for Seller's account
b- Fumigation to be effected on board the vessel after completion of loading with
expenses to be at Seller's account. But expenses for crew on shore during the fumigation
period including transportation, accommodation and meals at hotel for Ship owner's
account
c- Time for fumigation not to count as laytime
11/ FORCE MAJEURE: The Force Majeure( exemptions) clause of the CISG and
PICC.
12/ ARBITRATION:
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Any discrepancies and/or disputes arising out or in connection with this contract not
settled amicably shall be referred to Arbitration accordance with the Rules and
Practices of the International Chamber of Commerce in Paris or such other place
agreed by both sides
13/ OTHER TERMS:
Any amendment of the terms and conditions of this contract must be agreed to by
both sides in writing
This contract is made in 06 originals in the English language, three for each party
This is subject to the Buyer's final confirmation by telex (October 12th, 2020 latest)
Made in Da Nang, on October, 2020
For the Seller For the Buyer
Managing Director (signed/sealed) Managing Director (signed/sealed)
Nguyen Minh Ngoc Johnson Wang
