Sales Contract of MarineEngine

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SalesContract　                                                 (No.03-09/HDMB)                                                                                                     　　　　　　　　　　　　　　　　　　　　　　　　　　Date:MAR15,2009ThissalescontractismadeinWuzhoubyandbetweenbothfollowingparties:PartyA:GUANGXIWUZXHOUABCIMPORT&EXPORTCO.,LTDAdd:xxxxxxxxTel:   +86-774xxxxxFax:+86-774xxxxxRepresentedby: Mr.xxx–DEPUTYMANAGERAccount No: xxxxxxxxxxxxxBank:WUZHOUBRANCH,BANKOFCHINA(SwiftCode:BKCHCNBJ49A)HEREAFTERREFERTOASTHESELLERParty:ABCIMPORT-EXPORTCO.,LTDAdd:xxxxxxxxxTel:     +84-xxxxxxx fax: +84-xxxxxxxRepresented by:xxxxxxAccountNo.:xxxxxxxxBank:BANKFORAGRICULTUREANDRURALDEVELOPMENT,HANOI HEREAFTERREFERTOASTHEBUYERIthasbeenmutuallyagreedbyboththesellerandthebuyertoenterintothiscontractonthefollowingtermsandconditions.ArticleICOMMODITY,QUANTITY,PRICEANDSTANDARDS1-CommodityandQuantityDescriptionsQtyUnitPrice(USD)TotalPrice(USD)MarineDieselEngineModel:G8300ZC18B(1765kw/2400PS/550rpm)Coupledwith:1.GearboxModel:MG42.45/2:1/Electriccontrol2.CouplingModel:HGT5020IIID3.TwoAircompressorsModel0.36/3BF  2Sets230,000 460,000Total:Two(02)fullsets 460,000 TOTALVALUEISUSDFOURHUNDREDSIXTYTHOUSANDCIFHAIPHONGVIETNAM Thecontractisattachedwithtechnicalspecificationsverifiedandstampedbybothparties.2-Countryoforigin:China,completelynewgoods3-QualityCertificate:CCSandNOx4-User’smanualsinEnglishARTICLEIIPACKINGSPECIFCATIONS　　1-Packing:Thepackingshouldbeinaccordancewithexportstandardsandsuitablefortransportbysea.2-Marking:ABCIMPORT-EXPORTCOMPANYLIMITEDARTICLEIIIPLACEANDMODEOFDELIVERY1-CIFHAIPHONG Thegoodsshallbedeliverednotlaterthan150daysfromthedateofreceipt30%byT/Tsubjecttoconfirmationbytheseller’sbank.2-transhipment: Notallowed3-partialdelivery: Notallowed4-placeofloading:Chinaport5-placeofdelivery:HaiphongportVietnamArticleIVPAYMENT1.PaymentThefirstpayment,say30%ofthetotalcontractprice,shallbemadebyT/Twithintwoweeksafterthesignatureofthesalescontract.Thesecondpayment,say70%ofthecontractpriceshallbemadebyLCtwomonthsbeforedeliveryofthegoods.2-Documentsagainstpaymentinclude:Billoflading:3setsoriginalCommercialinvoice:3originalsPackinglist:3originalsCertificateofquantityandqualityissuedbyfactory:1originalCertificateoforiginCertificateofCCSandNOxARTICLEVNOTIFICATIONONLOADINGImmediatelyafterloading,thesellermustnotifythebuyerbyfaxthedocumentsasspecifiedabove.ARTICLEVI    LIABILITY1-thebuyer’sliabilityIntheeventthatthebuyerfailstomakepaymentandtakedeliverywithintenworkingdaysafterreceiptofthedocumentsasspecifiedinarticleiv,thebuyershallpay5%of thetotalamountofthecontract tothesellerforeachdelayedweekaspenalty.Innocasethepenaltyexceed10%ofthetotalamountofthecontract. 2-SellersliabilityIntheeventthatthesellerfailstodeliverthecommoditywithinthetimeasspecified(exceptinthecaseofforcemajeures)thesellershallpay5%ofthetotal amountofthecontracttothebuyerforeachdelayedweekaspenalty.Innocasethepenaltyshallexceed10%ofthetotalamountofthecontract ARTICLEVII      ARBITRATIONShouldtherebeanydispute,bothpartieswouldnegotiateanddiscussinanamicablewayforsolution.Shouldthesolutioncannotbereached,theInternationalArbitrationCenterunderVietnamIndustrialandCommercialChamberwillbeappointedforthesettlementofthedispute.DecisionoftheInternationalArbitrationCenterunderVietnamIndustrialandCommercialChamberwillbefinalandbindinguponbothparties.ARTICLEVIII    GUARANTEEANDAFTERSALESERVICE Thesellerensuresdeliveringthebuyerbrand-newproductwithoutanyfaultyordefects.Durationoftheguaranteeistwelve(12)monthsasthedateofshipment.Thesellershallberesponsibleforthetestoperationbasedontheseller’snotice.Allthecostoccurredfromtheseller’spersononthetestoperationshallbetheseller’sresponsibility.ARTICLEIX FORCEMAJEURESIntheeventofforcemajeuressuchas:war,fireorothernaturaldisasters,etc.thatleadtotheviolationofthecontract,theviolatorofthecontractwouldbefreefrombeingresponsiblefortheviolationARTICLEXGENERALPROVISIONSThiscontractcomesintoeffectsincethedateofsignatureofbothparties,andbothpartiespledgetoconductincomplyingwiththetermsandconditionsofthiscontract.Anychangesorrevisionsofthecontractwouldbemadeinwrittenformandsignedandsealedbybothparties.Thecontractismadeintofour(04)copiesinEnglishwiththesamelegalvalue.Eachpartykeepstwo(02)copies Representativeoftheseller            Representativeofthebuyer