OBSIDYA INDUSTRIAL TRADING PLC

OBSIDYA INDUSTRIAL
TRADING PLC
Sales Contract
Contract date : 01- April/ 2021
Contract N° :- E/o/t/012/2021

Seller:

Exporter:- OBSIDYA INDUSTRIAL TRADING PLC

E-mail:- obsidya.ma@gmail.com
Address:- Bole Sub city
Addis Ababa Ethiopia
Contact Address +251944053887/ +251911284128
Bank details:

Bank of Ethiopia Dashen

Intermediary Bank:
SWIFT CODE:
BOLE BRANCH
Account No:-
0012102945011
ADDIS ABABA,
ETHIOPIA

Buyer:

DMI EXIM LIMITTED, 749 MAGISTRATE TERRACE MISSISSAUGA OTARID L5W1KG9, ONTARIO,
CANADA

Consignee:

AS PER THE ADVICE OF THE BUYER

Commodity

Ethiopian chickpeas shewa type New Crop 2020/21, 2400 MT +/-

5% (byres Option)
In 20’ feet containers and in 50 KGS plain PP bags, (Standard markings)

Quality specifications:
MACHINE CLENED QUALITY

Purity: 95. % Min

Moisture: 12.0% Max
Split: 2.5% Max
Damaged and Under Size: 2.5 % Max

Email: obsidya.ma@gmail.com Mobile: - +251944053887/ +251911284128, Addis Ababa, Ethiopia

FM: NIL
Insects: NIL

Goods to be Sound, loyal and merchantable. Free from a live weevils, insects and foreign smell.

Weight/Quality/Condition:

Weight/Quality/Condition is final at point of loading/stuffing the trucks/containers as per certificates issued by any
surveyor at Sellers’ option/costs.

In case of any weight shortage or Quality claim, buyer has log complaint within 3 days from the date of discharge and
has to appoint any Gafta/Fosfa approved surveyor for analysis reports.

Shipment:

Between 1 April 2021 and 1 May 2021, both dates included

Price:

USD 730 $ per metric ton, FOB, Insurance at Buyers cost

Destination/Discharge Port:

KARACHI/PAKISTAN

Payment:

CAD/ Advance payments Min 10%, the rest 90 % Payments to be transferred to Sellers bank account within 2
working days against Copy of full set of original shipping documents via email.

Shipping documents:

 Sellers’ Commercial Invoice / Packing list manually stamped/signed;

 Full set 3/3 Shipped on board B/L issued “to order” and “freight Collect”, showing “shipped on board” or
“received for shipment”
 Certificate of Origin issued by Chamber of commerce of the exporting country stating the origin of the
goods shipped
 Phytosanitary Certificate, issued by competent state authorities at country of export;
 Quality Certificate, Weight Certificate issued by any approved surveyor/Afro Star
 Fumigation Certificate issued by Fumigation Company

Special terms:

 Buyer shall give documentary instructions / shipping line nomination latest 7 days prior to the 1st days of
shipment period.
 Sellers will send all draft documents to the Buyers for confirmation; Buyer's confirmation/correction to be
done within 2 working days, otherwise the Sellers will issue documents basis this contract and original
Buyer’s documentary instructions;
 Discharge terminal handling charges for Buyers’ account and responsibility.
 Container free time of demurrage of 14 days at the port of discharge. Same needs to be indicated on the
OB/L or a separate shipping cert from the Shipping company is acceptable
  Partial shipment allowed, transshipment allowed.
 Third party documents are acceptable except for commercial invoice/Packing list.
 All export duties and/or taxes in country of origin present or future to be for seller’s account.
 All import licenses, duties and/or taxes at destination present or future to be for buyers account.
 Fumigation by Aluminum Phosphide only.
 The property right to a cargo passes from the Seller to the Buyer after 100 % of payment for a cargo is
received by Seller. Shipper containers with cargo may not be touched or controlled by the Buyers before
payment is received by Sellers.
 Clerical errors in the documents are acceptable.
 All banking expenses in the Buyer’s bank to be on Buyer’s account. All banking expenses in the Seller’s
bank to be on Seller’s account and payable directly by them. All commissions of Seller’s correspondent
Bank to be on Seller’s account and payable directly by them.
 “Received for shipment date” to be consider as date of shipment.

General conditions:

All other terms, conditions and rules of GAFTA/FOSFA will be applicable.

Arbitration clause:

Any dispute arising out or under this contract shall be settled by arbitration in accordance with the Arbitration Rules
of the Grain and Feed Trade Association or FOSFA, in the edition current at the date of this contract, such rules
forming part of this contract and of which both parties here to shall be deemed to be cognizant.

Arbitration to take place in Dubai / Singapore / London (as mutually agreed between seller and buyer).

On behalf of Seller On behalf of Buyer