Finished Oil Sales Contract between Yanchang Petroleum (Group) Co., Ltd. and Xi’an Baorun Industrial Development Co., Ltd.
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Summary
Yanchang Petroleum (Group) Co., Ltd. agrees to supply gasoline and diesel to Xi’an Baorun Industrial Development Co., Ltd. in 2009, with specified quantities and prices based on Yanchang's rates. The purchaser must pay before shipment, and both parties are required to balance supply and pickup every half month. If either party cannot fulfill the contract for special reasons, advance notice is required. Disputes will be resolved through negotiation or, if necessary, by the local People’s Court. The contract is valid for one year.
EX-10.43 16 v159753_ex10-43.htm Unassociated Document
Yanchang Petroleum (Group) Co., Ltd.
Finished Oil Sales Contract
Contract No.:20081223
Supplier: Yanchang Petroleum (Group) Co., Ltd.
Purchaser: Xi’an Baorun Industrial Development Co., Ltd.
The Supplier and Purchaser base on mutual benefits and friendly negotiations, in regard to the purchase and sales of oil products of year 2009, reach agreements as below:
| 1. | Item, Amount, Price: |
| Item | Amount | Price (Yuan/ Ton) | |||
| Gasoline Diesel | 100000 80000 | Execute in accordance with the price of Yanchang Oil (Group) Co., Ltd. |
| 2. | Technical Index: |
Execution of Gasoline: GB17930-1999; Execution of Diesel: GB252-2000
| 3. | Shipping Location, Transportation and Relevant Expense: |
| | (1) | Location: The refinery of Yanchang Oil (Group) Co., Ltd. |
| | (2) | Transportation: Highway and railway transportations |
| 4. | Payment: |
Pay before shipping items; V.A.T. invoices will be rendered in the middle and at the end of the month.
| 5. | Other Covenants: |
| | (1) | Both Parties shall supply and pick up the items in balance in accordance with the contract; half a month for balance. In the event the Supplier ceases the work of shop, is under examinations and repairs and other special reasons, and cannot supply in accordance with the contract, it shall notify the Purchaser three days prior to such events. The Purchaser shall render RMB10 per ton of the amount specified in the contract as the security deposit. In case the Purchaser does not meet the amount set forth in the contract for special reasons, it shall notify the Supplier three days in advance. In the event the Purchaser does not meet the amount specified in the contract without a special reason, the security deposit shall be set off as a penalty for the unfulfilled amount at PMB10 per ton. |
| (2) | Dispute: |
In case any matter is not specified in the contract, both parties shall negotiate. In the event both parties cannot reach agreements, they may submit a lawsuit to the People’s Court at the execution location.
| (3) | The contract consists of three copies; the Supplier holds two copies and the Purchaser holds one copy. |
Supplier: Yanchang Petroleum (Group) Co., Ltd.
Legal Representative (Authorized Person): Gao Yihai (signature)
(with corporate seal)
Tel: 029-88301132
A/C Bank: Gaoxin Branch of China Construction Bank
Purchaser: Xi’an Baorun Industrial Development Co., Ltd.
Legal Representative (Authorized Person): Wu Xiaojun (signature)
(with corporate seal)
Tel: 029-82683629
A/C Bank: Dongjiao Branch of China Everbright Bank
Location of Execution: Sales Bureau of Yanchang Group
Effective Period: One Year
