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Supply Contract Agreement

The key points of the contract are: 1) The supplier will provide 8-10 containers per month of fresh vegetables and fruits from India to Dubai for an initial period of one year, renewable annually. 2) The produce must meet specified quality standards. 3) Payment terms are a 30-day letter of credit to be opened by the buyer. 4) Any disputes will be settled through arbitration in Dubai courts.

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SJA1
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337 views2 pages

Supply Contract Agreement

The key points of the contract are: 1) The supplier will provide 8-10 containers per month of fresh vegetables and fruits from India to Dubai for an initial period of one year, renewable annually. 2) The produce must meet specified quality standards. 3) Payment terms are a 30-day letter of credit to be opened by the buyer. 4) Any disputes will be settled through arbitration in Dubai courts.

Uploaded by

SJA1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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(on the company letter head)

INTERNATIONAL SUPPLY CONTRACT


DATE :

BETWEEN

SJA GENERAL TRADING LLC whose registered office is, Deira, Dubai, United Arab Emirates.
Registration/fiscal number i s 1039829 represented by (hereinafter referred to as “the Buyer”)
AND

……………………………………………………..Registered Office at……………………………………………………………..


Maharashtra. India Represented by ……………………..As a ……………………………………… (hereinafter
referred to as “the Supplier”)

IT IS AGREED AS FOLLOWS:
AGREEMENT TO SUPPLY
The Supplier will supply and deliver, and the Buyer will buy the products mentioned below. The
list of products may be amended by written agreement during the life of this Contract.

DURATION
This Contract is for an initial period of One Year (as per agreed of both party) and for 8 to 10
containers per month of Fresh Vegetables and Fruits from ………………………………

At the end of the initial period the contract will continue on yearly basis unless it is terminated
by either Party giving written notice to the other to expire at the end of the initial period or of
any subsequent period.

QUALITY
Products to be supplied under this Contract must be as described below.
The Commodity should be as per specifications and up to the Mark.

The Buyer must notify the supplier promptly in writing if it becomes aware of any products
which do not conform to the requirements set out in this contract.

The Buyer will not be obliged to pay for non-conforming products and the Supplier will be
responsible for their removal and replacement with products that conform to the requirements
of the Contract.

However, if the quality of the products is not satisfactory, Supplier or Buyer can be sale the
products at prevailing market rate.
QUANTITIES AND ORDERING PROCEDURES
The maximum quantities of products which the purchaser will order under this contract in a
month, will be 8 to 10 containers, any changes in this prescribed quantity may be discussed
mutually and agreed upon by both the parties in writing otherwise unchanged.

Supplier will issue a Pro Forma Invoice after the rate finalized.

Purchaser will issue an official Purchase Order for this supply to the supplier.

The Buyer agrees to buy 8 to 10 container of 40ft Reefer every month up to End of this contract
continuously and the Supplier agrees to deliver on time the said quality and quantity of Fresh
Vegetables and Fruits has mentioned price, packing, quality in purchase order.

Payment Terms:
Both the Buyer and Supplier agree on the following terms and conditions for the payment.
The payment terms will be Usance L/C for 30 days from the date of Cargo arrival at
destination port.
The buyer will open Usance L/C for 30 days on his expenses.
The buyer can provide Usance L/C for around USD 1, 00,000 in favor of Supplier
Once L/C has approved it is bounded to Supplier to start the supply as per above statement.
Supplier has no right to revoke the L/C
If any reason Supplier not supplying as per contract or he wants to be quite so
Supplier has to bear all bank expense which has paid by buyer.

Any deviation in supply time, quantity and quality from supplier, buyer will have the right to put
a penalty on supplier similarly deviation in agreed terms of payment supplier has to right to
penalize the buyer in term of stop of interest charges.

Arbitration clause
Any controversy or claim relating to this contract or the breach, therefore, shall be settled by
Al-Twar, Al Ouasis, and Jurisdiction of Dubai court of Arbitration.

SIGNATURES
1) Buyer 2) Supplier

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