Annual Product Supply Contract between Shanghai Legang Supply Chain Co., Ltd. and Jiangsu Cold-Rolled Technology Co., Ltd. (2015)
Shanghai Legang Supply Chain Co., Ltd. agrees to supply Jiangsu Cold-Rolled Technology Co., Ltd. with approximately 80,000 metric tons of steel coils in 2015. The purchaser will provide order details in advance and enter into supplemental contracts for specific product specifications. Payment is made in advance, and acceptance of goods must be confirmed within two months of delivery. The supplier is not liable for delivery delays due to maintenance or transport issues, and disputes will be resolved in the supplier's local court.
Exhibit 10.4
Shanghai Legang Supply Chain Co., Ltd.
Annual Product Supply Contract
Term: Year 2015
Purchaser: Jiangsu Cold-Rolled Technology Co., Ltd
Supplier: Shanghai Legang Supply Chain Co., Ltd.
Contract No.: SHLG20141233
Contract Date: 2014-12-10
Place Signed: Shanghai
Product | Hot Rolled/ Full Hard | Specification/Amount/Unit Price | Subject to monthly contract and actual delivery amount | |
Supplier | Shanghai Legang Supply Chain Co., Ltd. | Address | ||
Purchaser | Jiangsu Cold-Rolled Technology Co., Ltd | Address | Dongbang Town, Changshu City | |
Supplier Schedule: 1. The purchaser intends to purchase steel coils in an amount of approximately 80,000 metric tons in the year of 2015 from the supplier and the main products are hot rolled coils. 2. The purchaser shall inform the supplier details of order in advance and enter into supplemental contracts. The specifications of products should be set forth in the supplemental contracts. 3. Payment: prepayment by the purchaser
Note: 1. The tonnage mentioned above is an estimated amount; 2. No delivery is required for remaining amount of products not enough for one car; 3. Notice by facsimile is valid; 4. Thickness variation: Lower variation 0.22mm, width variation: positive variation 0-3; 5. Packaging standard: the supply and recycling of the packaging materials shall be determined by the supplier; 6. Acceptance and claim period: acceptance is subject to product specifications set forth in monthly contracts. The purchaser shall notify the supplier about any issue of the products in writing within two months of delivery. 7. Other terms or unspecified provisions shall be set forth through negotiations between parties; 8. The supplier is not liable for the failure to timely deliver the products due to reasons of maintenance or limitation of transportation capacity. Parties shall mutually determine a new delivery time. 9. The disputes shall be submitted to the jurisdiction of the court where the supplier is located. | ||||
The Supplier Signed | (Contract Seal of the Supplier) | The Purchaser Signed | (Contract Seal of the Purchaser) | |
Place of Signed | Place of Contract Performance | |||