Sales Company of Shaanxi Yanchang Petroleum OilGroupCo., Ltd. Finished Oil Sales Contract of Yanlian Sales Office
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EX-10.25 75 v108248_ex10-25.htm
Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd.
Finished Oil Sales Contract of Yanlian Sales Office
Contract No.: 2007-01-10
Seller: Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd.— Yanlian Sales Office
Buyer: Xi’an Baorun Industrial Development Co., Ltd.
| 1. | This contract is made by and between the seller and the buyer regarding the finished oil purchase in 2007 based on friendly negotiation and mutual benefits. |
| Product | Quantity(Ton) | Price(Yuan/t) |
| Gasoline | 30,000 | Standard price of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd. |
| Diesel | 30,000 |
| 2. | Quality Standard and Technical Index: |
Gasoline: GB17903-1999
Diesel: GB252-2000
| 3. | Delivery Place, Transportation Manner and Fees |
Delivery Place: Oil loading platform in finished oil workshop of Yanlian Group
Transportation Manner: The buyer should transport the oil from Yanlian Group by themselves.
Fees: The buyer should undertake the related delivery fees.
| 4. | Package and Weight Metering Standard |
Package: Oil tank of Truck
Metering Standard: The weight of the finished oil should be measured by the platform scale on the oil loading platform in finished oil workshop of Yanlian Group.
| 5. | Payment Term |
The buyer should make the payment first on the purchasing day and the seller will bill the invoice for VAT in the middle and end of each month.
| 6. | Miscellaneous |
The two parties should supply and pick up the oil in compliance with the terms of this contract and update the finished oil quantity every half a month. The buyer should be informed three days in advance if the seller is unable to supply oil for delivery prevention and maintenance. The buyer should pay 10Yuan/ton to the seller for deposit. If the buyer couldn’t purchase the agreed quantity for special reason the seller should be informed one day in advance and the buyer will suffer a penalty of 10 Yuan/T and should require the same quantity as this month in the next month. If the buyer couldn’t finish the agreed oil quantity for three-months the two parties should terminate the business relationship.
| 7. | Disputes |
If there are any matters not covered by this contract, parties hereto may negotiate it in other arrangement. In case of any dispute, the two parties may propose a suit to the local People’s Court in the place where the non-breaching party is located.
| 8. | The contract is in quadruplicate and each Party shall hold two copies. |
| Seller | Buyer | ||
| Company Name | Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd. | Company Name | Xi’an Baorun Industrial Development Co., Ltd. |
| Address | Yanlian Sales Office Jiaokouhe Town Luochuan County, Shaanxi | Address | Dongxin Century Square # 7 Huoju Rd Xi'an, Shaanxi |
| Legal Person (Authorized Person ) | (Seal of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd.) | Legal Person (Authorized Person ) | (Seal of Xi’an Baorun Industrial Development Co., Ltd.) |
| Telephone | 0911 ###-###-#### ###-###-#### | Telephone | 029-82682018 |
| Opening Bank | Huijiahe Sub-Branch of Yanlian Branch of China Construction Bank | Opening Bank | East District Branch of China Everbright Bank |
| Account # | 61001688936052500060 | Account # | 087859120100302067154 |
