ABC Chicken Growers & Exporter Co. Ltd. TRNC.. CONTRACT OF SALES

ABC Chicken Growers & Exporter Co. Ltd
TRNC.
CONTRACT OF SALES
Between: ABC Chicken Grower & Exporter Co. ltd
(The Seller / Sellers) TRNC.
Representatives: Henry Atkinson
Mathew Falkner
Tina Anderson
And: XYZ Chicken importer Co. ltd
(The Buyer / Buyers) Beirut, Lebanon.
Representatives: Barrack Lewis
George Parker
Uma Shanknar
(From here onwards the buyer and sellers in combination may be referred to as “parties” and in
case any mentioning anyone of them then “party” may be used as reference). The parties are
expected to adhere to the following clause to avoid penalties and fine along with cancellation of
contract.
CLAUSE 1: Sale of Goods Act
1.1. The seller has the full ownership to the goods and the title of ownership is without any
restriction hence, giving the party the right to sale the goods to the buyer.
1.2. The buyer will have clear title of ownership to the goods even if the seller has faulty title to
ownership and fails to disclose the same before entering into the contract.
CLAUSE 2: Goods
2.1 It is strictly mentioned that the chicken shall be grown in TRNC and shall be grown without
chemical and pesticide.
2.2 Chicken shall be packed in foam boxes with 12 per chicken and must be snap frozen.

2.3 The chicken shall be aged between 42 to 60 days.
CLAUSE 3: Quantity
3.1 With average weight of each chicken between 1.5 kg to 2 kg the total quantity of chicken
shall be 100,000 kg.
3.2 The entire shipment of 100,000 kg of Chicken shall be delivered and accepted in one
shipment by the seller and the buyer respectively.
CLAUSE 4: Time Period
4.1 The goods shall not be delivered later than 02/04/2017 and not before 26/03/2017 and the
chicken must be delivered within 7 days from slaughtering.
CLAUSE 5: Quality
5.1 Appropriate authority must provide health certificate for the chicken to justify the guarantee
given by the seller about the quality of chicken.
CLAUSE 6: Price
6.1 The Chicken price in international market is between US$ 4,000 and 4,500 per ton (the total
amount of contract fixed at 540,000 USD), cost of carrying is $300 per ton (the total carriage
price at 36,000 USD) with insurance cost @ 2% and seller commission @ 10%.
6.2 The parties have agreed to set the price by using the above unit price after the buyer decides
to nominate a discharge port (CIF).
Seller’s Signature Buyer’s Signature & initial
CLAUSE 7: Payment and Banking
7.1.1 By an irrevocable, non-transferable, documentary letter of credit payable 100% at sight at
buyer’s destination port against shipping document.