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sales contract contract no : date : sellers korea petroleum industries company 166, ichon-ro, yongsan-gu, soul, 04427 korea tel : +82-2-799-3158 fax : +82-2-790-1001 buyers pt. berkat teknik utama jl. kebon kacang raya no.25, tanah abang –jakarta pusat indonesia pt. berkat teknik utama as buyer hereby confims buying following goods under the terms and condition hereinafter set forth. the seller hereby requested to sign and return the original attached hereto and discrepancy be founded by seller, the seller should be informed immediately by fax or tel. article1 : commodity – specifiacation – origin – quantity – quality –price – amount 1.1 commodity : kixx lubo 150n 1.2 origin : south korea (manufacture : gs caltec) 1.3 quantity : 300 metric tons (15 flexi tank) =/- 5% at seller’s option 1.4 specifiation : 1.5 price term : 970 usd/mt cif jakarta, indonesia (incoterms 2010) total amount of 291,000.00 (+/-5%) article 2 : shipment 2.1 partial shipment : allowed 2.2 transshipment : not allowed 2.3 the tiime of shipment : eta january, 2022 5 flexi : etd 2021/12/20 – eta 2022/1/2 5 flexi : etd 2021/12/27 – eta 2022/1/6 5 flexi : etd 2021/12/26 – eta 2022/1/5 *the right etd/eta schedule can be changed upon the actual prt situation the seller shall guarantee to ship the cargo for the buyer to assure arrival of cargo yojakarta port indonesia in shortest possible time. 2.4 port of loading : any port in south korea 2.5 destination port : jakarta, indonesia 2.6 packing : flexi bag 2.7 the seller shall provide following document for the buyer. duly signed bill of lading (3 original from shipping line, forwarder bl is not acceptable) duly signed commercial invoice (3 original) duly signed packing list (3 original) original of certificate of origin certificate oif analysis msds article 3 : payment 3.1 payment shall be made by t/t 50% in advance within 10 days from contract signing date t/t 50% against draft b/l (or/or 10th, january 2022) beneficiary : korea petroleum industries company shinhan bank. yeoido corporate branch 44-27, youido-dong, youngdeungpo-ku seoul, korea swift code : shbkkrse account no : 341-71-001470 article 4 : force majeure riots, commotion, war, acts of god or other disasters shall be considered as force majeure. in case of happening force majeure, the parties shall inform each other in writing and shall be confirmed by the other party in due time. such force majeure shall be approved by the chamber of commerce and industry in the country of existing force majeure. the certificate of force majeure issued by this organization will be considered as evidence for this case. article 5 : arbitration the proper law of this contract is singapore law should be used for intrepreting the contract and for resolving all claims or disputes arising out of in connection with the contract. any such claim or dispute no settled by negotiation shall be settled by arbitration in singapore to the exclusion of any other forum or jurisdiction, before a single arbitrator agreed upon by booth parties or if no so agreed appointed in accordance with the international chamber of commerce (icc) rule as amended from time to time. the arbitration award shall be final without appeal to the courts. the arbitration shall be perfomed in english languade article 6 : general condition this contract comes into effect form signing date, any amandement and addition clause to these conditions shall be valid only written from any duly confirmed by both sides. this contract is made into 02 originals in english; the signed contract sent by fax or email have the same value as the original. for on behalf of the seller for on behalf of the buyer korea petroleum industries company pt berkat teknik utama
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