Sales Contract of Finished Oil
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Business Operations
- Sales Agreements
EX-10.27 77 v108248_ex10-27.htm
Sales Contract of Finished Oil
Contract No.: 200606143
Seller: Xi’an Baorun Industrial Development Co., Ltd. Place: Xi’an
Buyer: Zibo City Lin Zi Lu Hua Refined Chemicals Co., Ltd. Date: Nov 28, 2006
This contract is made by and between the seller and the buyer based on friendly negotiation and mutual benefits pursuant to Contract Law of P.R.China.
| 1. | Product, Quantity, Price and Delivery Time. |
| Product | Quantity(Ton) | Price(Yuan/t) | Delivery time | Type | Amount(Yuan) |
| Naphtha | 2000 | 4350 | Before Dec 31 ,2006 | 8,700,000 | |
| Total Amount : Eight Million Seven Hundred Thousand Yuan | |||||
| 2. | Manufacturer: Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd. Yanan Refinery |
| 3. | Quality Requirement and Technical Index |
Specific Gravity: 0.70-0.73 (20°C); Dry Point<180; Bromine Point<5.0; Sulphur<1000
Chlorine<3; Copper<10; Arsenic<20.
| 4. | Delivery Place and Arrival Station. |
Dongfeng Station, Qilu Petrochemical Co., Ltd. special railway; or
Lanshan Station, Shandong Tonghai Dock special railway.
| 5. | Transportation Manner and Fees. |
Railway Transportation
The Seller bears all of the cost before arrival. The Buyer will pay the fees after arrival. The coming back cost of vehicle will be born by the Seller.
| 6. | Acceptance Criteria. |
Using the data offered by the refinery.
| 7. | Payment Term, Time and Means. |
| 7.1 | Payment Term: Delivery after payment; |
| 7.2 | Payment Means: Cash (with invoices for VAT and transportation fees). |
| 8. | Miscellaneous |
| 8.1 | The Seller will send commodity value-added tax and transportation invoices to the buyer at the end of that month. |
| 8.2 | If the oil refinery changes the price, the two parties will negotiate otherwise. |
| 9. | Disputes |
This contract will come into effect upon signing by the two parties hereto. In case of any dispute, the two parties should go to the court in the place where the non-breaching party is located.
| Seller | Buyer | ||
| Company Name | Xi’an Baorun Industrial Development Co., Ltd. | Company Name | Zibo City Lin Zi Lu Hua Refined Chemicals Co., Ltd. |
| Address | Dongxin Century Square # 7 Huoju Rd Xi'an, Shaanxi | Address | |
| Legal Person | (Seal of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd.) | Legal Person | (Seal of Xi’an Baorun Industrial Development Co., Ltd.) |
| Authorized Person | Shi Chengzhou | Authorized Person | Yu Jiandan |
| Opening Bank | East District Branch of China Everbright Bank | Opening Bank | East District Branch of China Everbright Bank |
| Account # | 087859120100302067154 | Account # | |
| Telephone | 86-029-82683629 | Telephone | |
