ADDENDUM
To CONTRACT NO YCH-04/999 dated 1st of November 2004
Moscow 15th of November 2004
"COPTENT TRADING LTD" , hereinafter referred to as "Seller", represented by
the Director, Dolmatov V.V., acting on the grounds of the Charter, on the one
part,
and
ERLYAN TRADE COMPANY "XXX XXXX", hereinafter referred to as "Buyer",
represented by the Deputy Director General Dzhan Len Bo, acting on the grounds
of the Charter, on the other part, hereinafter referred to as the "Parties",
have agreed to amend the provisions of the Contract NO YCH-04/999 dated 1st of
November 2004 as follows:
4. PAYMENT
4.1. Payment is to be effected in terms of actual grades and shipped
quantity. Payments for the Goods under the present Contract is to be effected in
US dollar.
4.2. Payments under the Contract is to be effected to Coptent Trading LTD
currency account in installments not less then 25,000 (twenty five thousand) US
dollars each. The amount of the installment may be less, than specified in this
Contract at the both Parties written consent.
4.3. The title is being transferred to the Seller in accordance with
provisions of the Chapter 1 of the Contract NO YCH-04/999 dated 1st of November
2004 DAF in accordance with Incoterms 2000).
4.4. The payment to be effected within 30 (thirty) banking days upon the
fulfillment of two conditions: (i) sale of goods to the Final Buyer, (ii) and
accumulation of the amount equal to 25,000 US Dollars on the Buyer's account.
For the avoidance of doubt, notwithstanding anything to the contrary contained
hereunder, if the sale of goods to the Final Buyer does not occur within 180
(one hundred and eighty) business days of the delivery of the goods the Buyer
shall be liable to pay to the Seller the full invoice value of the delivered
goods on the 181st day of the delivery.
ADDRESSES OF THE PARTIES
SELLERS:
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000 0xx Xxx Xxxxx 000 Xxx Xxxx XX 00000 XXX
Beneficiary's bank:
------------------
MULTIBANKA, VECPILSETA BRANCH, RIGA, LATVIA SWIFT: MULT LV 2X
Beneficiary account: IBAN
-------------------
XX00 XXXX 0000000000000
Receiver's Correspondent:
------------------------
CREDIT LYONNAIS NEW YORK BRANCH, NEW YORK, USA SWIFT: CRLY US 33
Correspondent account: 0138715000100
---------------------
BUYERS:
ERLYAN TRADE COMPANY "XXX XXXX", ERLYAN-KHOTO, APBM, CHINA, 011100 YUILU STR.,2
INTERMEDIAL BANK:
BANK OF CHINA NEW YORK, NY SWIFT CODE: XXXXXX00
ADVING BANK: BANK OF CHINA
INNER MONGOLIA BR. SWIFT CODE: XXXXXXXX000
BENEFICIARYS BANK:
BANK OF CHINA INNER MONGOLIA BRANCH, ERLIANHOT SUB-BRANCH
BENEFICIARYS NAME:
ERLIAN YUN TSZU CO., LTD
BENEFICIARYS ACCOUNT
No.: 158900757508091001
SIGNATURES
BUYER:
Deputy Director General
/S/ Dzhan Len Bo
SELLER:
Director
/S/Dolmatov V.V.
