Purchase Contract
Purchase
Contract
According
to the Contract Law of People’s Republic of China and based on the principles of
honesty and creditability, both parties have agreed after negotiation to sign
the following contract which is binding on the two parties.
|
1.
|
The
Parties of This Contract
|
Seller:
Party A
Buyer:
Heilongjiang Yanglin Soybean Group Co. Ltd. (hereinafter abbreviated as “Party
B”)
|
2.
|
Product,
Category, Quantity, Unit Price, Total Value, Time of Delivery (see
the
following table)
|
|
Product
|
Category
|
|
Quantity
(ton)
|
|
Unit
Price
(RMB per ton)
|
|
Total Value (RMB)
|
|
Time of Delivery
|
|
||||||
|
Soybean
|
Market
price
|
|||||||||||||||
|
Total
Value in Capital Characters
(RMB)
|
||||||||||||||||
|
3.
|
Quality
Standards: in
compliance to national standards. Water content should be no more
than
14%; cracked items should be no more than 1%; selected beans; no
muddy or
grassy appearance, no green beans, no “red eye”, no worm hole; no mould,
no strange smell; golden color.
|
|
4.
|
Place
of Delivery:
in the factory of Party B’s.
|
|
5.
|
The
Place and Standard of Quality Inspection:
Party B will conduct quality inspection on the product before receiving
the products into warehouse, using its own quality standards. Party
B may
refuse to accept the product or accept it at a discounted purchase
price,
if there’s quality problem.
|
|
6.
|
Method
of Delivery and Payment of Expenses:
delivery should be by truck. Party A should bear all relevant expenses
incurred before the product arrives at Party B’s factory, while all
expenses incurred after that should be born by Party
B.
|
|
7.
|
Determination
of Weight:
should be based on the figure shown on Party B’s electronic
weightbridge.
|
|
8.
|
Method
of Settlement: cash
payment, settled on each truck of goods. Party B should have no reason
to
delay the payment to Party A.
|
|
9.
|
Two
original copies of this contract should be made, and each party should
keep one copy. This contract is valid after being signed by the two
parties.
|
|
Party
B:
|
||
|
Name
of Party B: Heilongjiang Yanglin Soybean Group Co. Ltd.
|
||
|
Signature:
|
Signature:
|
