Sales Contract between Junan Hongrun Foodstuff Co., Ltd. and Shinsei Foods Co., Ltd. for Peeled Chestnuts
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Summary
Junan Hongrun Foodstuff Co., Ltd. (the seller) and Shinsei Foods Co., Ltd. (the buyer) have agreed to a sales contract for 361 metric tons of peeled chestnut products, to be shipped from China to Japan by December 30, 2006, at a total price of $1,805,000. Payment will be made by telegraphic transfer, and the buyer is responsible for insurance. The contract allows for a 5% variation in quantity and amount. Disputes will be resolved through negotiation or arbitration in China. Penalties apply for non-performance.
EX-10.13 62 v073867_ex10-13.htm
Exhibit 10.13
(English Translation)
JUNAN HONGRUN FOODSTUFF CO., LTD.
Sales Contract
Contract No: HR073502B
Date: 10,SEP.2006
The Buyer: SHINSEI FOODS CO., LTD.
The Seller: JUNAN HONGRUN FOODSTUFF CO., LTD.
The Seller and Buyer have agreed to close the following transactions according to the terms and conditions stipulated as below:
| 1 Commodity description | 2 Packing | 3Quantity | 4 Unit Price | 5 Amount | ||||
| PEELED CHESTNUTS PRODUCTS | 18L/ 12.5KG/CAN | 361MT | FOB QINGDAO USD5000.00/MT | USD1,805,000.00 | ||||
| Total amount: USD:ONE MILLION EIGHT HUNDRED AND FIVE THOUSAND ONLY | ||||||||
6. Time of Delivery: BEFORE.30,DEC.2006
7. Port of Loading: CHINA PORT
8. Port of Destination: JAPAN PORT
9. Shipping marks: N/M
10. Terms of Payment: BY T/T
11. Insurance: to be effected by The Buyer .
12. 5 % more or less in quantity and amount is allowed.
13. Quality/quantity claims: if any, quality claims should be sent to the Seller in written form during next 14days after discharging of merchandise; quantity claims should be sent to the Seller in written form during next 3 days after discharging of merchandise.
14. Responsibilities of the parties: In case of either party’s refusal of performance of the present contract, it pays the other party the penalty of 25% of the amount of the covered goods and restitutes the relative losses in spite of the penalty.
15. Force Majeure: The Seller shall not be held reliable for failure or delay in delivery of the covered cargo or a portion under the present contract in consequence of any force majeure incidents.
15. Arbitration: All dispute, if any, arising form or in connection with the performance of the contract shall be settled through friendly discussion/negotiation by both parties. otherwise, to be presented to the China Relevant Authorities for arbitration, and the decision is the final for both parties.
17. Other: As per the Popular Practice and Uniforms of the International Trade.
The buyer: Shinsei Foods Co., Ltd.
President: /s/ Teruyoshi Kanbara
The seller: Shandong Green Foodstuff Co., Ltd.
/s/ Chen Si
