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Sales Contract

This document outlines a sales contract between L&L Joint Stock Company (Seller) and Cong Ty TNHH Mai Hoang (Buyer). The Seller agrees to sell 1,000 units of L&L spray perfume at $421.20 per unit, for a total of $421,200. Payment will be made via an irrevocable letter of credit. The goods must be shipped by June 3rd, 2023 from the UK to Vietnam. The contract details claims procedures, force majeure, arbitration process, and specifies the contract is valid until September 5th, 2023.

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Terry Nguyễn
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0% found this document useful (0 votes)
311 views3 pages

Sales Contract

This document outlines a sales contract between L&L Joint Stock Company (Seller) and Cong Ty TNHH Mai Hoang (Buyer). The Seller agrees to sell 1,000 units of L&L spray perfume at $421.20 per unit, for a total of $421,200. Payment will be made via an irrevocable letter of credit. The goods must be shipped by June 3rd, 2023 from the UK to Vietnam. The contract details claims procedures, force majeure, arbitration process, and specifies the contract is valid until September 5th, 2023.

Uploaded by

Terry Nguyễn
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SALES CONTRACT

No: 118953/LAL-MAH
Date: 6 May, 2023
SELLER: L&L JOINT STOCK COMPANY
ADD: 2 W Thurrock Way, West Thurrock, Grays RM20 2ZF, UNITED KINGDOM
Bank: HSBC COMMERCIAL BANK – Branch Lakeside Thurrock, UK
Add: 8 W Thurrock Way, West Thurrock, Grays RM20 2ZF, UNITED KINGDOM
Swift Code: HBUKGB4BXXX
A/C No: 55202173
Rep. By: Mr Son MD
BUYER: CONG TY TNHH MAI HOANG
Add: 33 Trang Thi, Tran Hung Dao, Hoan Kiem, Hanoi, Vietnam
Tel: 84-9- 87737961 Fax: 84-9- 87766543
Bank: Joint Stock Commercial Bank for Foreign Trade of Vietnam, Branch Tran
Quang Khai, Hanoi, Vietnam
Add: 198 Tran Quang Khai, French Quarter, Hoan Kiem, Hanoi, Vietnam
A/C No: 15055563775
Rep.By: Mr. Nguyen Van Hoang – Director

Both parties have mutually agreed to sign this contract with terms and conditions as follows:
ARTICLE 1: COMMODITY – SPECIFICATION – QUANTITY – UNIT PRICE - AMOUNT
Article Commodity & Description Quantity Unit Price Amount (USD)
No. (UNA) (USD)

1. L&L spray perfume


1,000 421.20 421,200.00
(1.0 FL OZ)

TOTAL: CIP VIETNAM 1,000 UNA 421,200.00

SAY: U.S dollars Four hundred twenty one thousand two hundred dollars only.
- Origin: Made in United KingDom
- Packing: Manufacturer export standard
- Quality: 100% Brand new
ARTICLE 2: PAYMENT
By Irrevocable L/C at sight for 100 PCT of invoice value to be opened by the Joint
Stock Commercial Bank for Foreign Trade of Vietnam, Branch Tran Quang Khai,
Hanoi, Vietnam

Beneficiary: L&L JOINT STOCK COMPANY


Bank: HSBC COMMERCIAL BANK – Branch Lakeside Thurrock, UK
Add: 8 W Thurrock Way, West Thurrock, Grays RM20 2ZF, UNITED KINGDOM
Swift Code: HBUKGB4BXXX
A/C No: 55202173

Documents required:

- 3/3 set Airway bill – AWB


- Original signed Commercial Invoice (03)
- Original Detail Packing List (03)
- Original Certificate of Origin foren E issued in United KingDom
- Certificate of quality issued by the manufacturer.
- One set of original documents to be faxed to the applicant within 05 working days from
the date of shipment.

ARTICLE 3: SHIPMENT
- Lastes shipment date : 03 Jun, 2023
- Loading airport : Any Airport International of United Kingdom
- Discharging airport : Noi Bai International Airport, Vietnam
- Partial shipment : Allowed
- Transhipment : Allowed
ARTICLE 4: FORCE MAJEUR
Force majeur circumstance must be notified by cable or fax by one party to the other within 10
days. After such cable notification a certification of force majeure issued by the competent
government authorities will be sent to the other party. Beyond this time force majeure circumstance
shall not be taken into consideration.
ARTICLE 5: CLAIM AND ARBITRATION
Upon receiving the goods, the Buyer shall have the goods inspected, if their quality and
specification are not in conformity with those mentioned in this contract, the Buyer shall have the
right to make claim to the Seller. All claims by the Buyer shall be made within 90 days with regards
to the apparent defects and 120 days to latent defects after arrival of the goods at port of destination
and shall be confirmed in writing by registered airmail together with particulars of survey report
of "Vinacontrol" of the Socialist Republic of Vietnam which should be regarded as final.
The claims arising out of this contract will be first settled amicably, should it not be possible to
reach such settlement, this claim will be settled by the Foreign Trade Arbitration Committee
attached to the Chamber of Vietnam International Arbitration Centre of Vietnam.
The arbitration fees shall be borne by the losing party
ARTICLE 6: AMENDMENTS AND ALTERATIONS
Any amendment or alterations of the terms of this contract must be mutually agreed previous and
made in writing.
ARTICLE 7: CONTRACT VALIDITY
This contract is signed by fax, made in English having equal legal value, becoming effective from
the signing date to 5 Sep, 2023.

For and behalf of For and behalf of


THE SELLER THE SELLER

Son Nguyen Van Hoang

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