CONTRACT

No … Place, Date 15 September,2022

Name: Vietnam Southern Food Corporation - JSC

Address: 333 Tran Hung Dao, Cau Kho Ward, District 1, Ho Chi Minh City
Between (SELLER): Tel: +84 28 38370026, 38270027
Fax: +84 28 38365898, 38365899
Email: vanphong@vsfc.com.vn
Represented by …

Name: DAACH Company

Address: 20th Street, North Karegar Street, Tehran Capital, Iran
And (BUYER): Tel: 009821-88009901
Fax: 88330737
Email: p_sabzevar@yahoo.com
Represented by …

Both parties agree to enter into this contract on following terms and conditions:
1/ COMMODITY: Vietnam White Rice 5% Broken
2/ SPECIFICATION:
* Moisture: 14.0% Max * Chalky kernel: 6.00% Max
* Foreign master: 0.20% Max * Red kernel: 2.00% Max
* Broken: 1.00% Max * Immature kernel: 0.20% Max
* Damaged kernel: 2.00% Max * Milling degree: Mill and polish twice
3/ QUANTITY: 1,000 MT (10% more or less at the Buyer’s option)
4/ PRICE:
- Unit price : USD 420/MTS. FOB Saigon Port Incoterm 2020
- Total amount: USD 420,000
- Say: four hundred twenty thousand US Dollar.
5/ SHIPMENT:
Time of shipment: Not later than 25 October,2022
- Port of loading: Saigon port - Port of destination: BANDAR ABBAS, IRAN
- Partial shipment: not allowed - Transhipment: not allowed

6/ PAYMENT:
Payment wil be made by TT 30% downpayment within 5 days after contract date, 50% contract
value will be paid at least 3 days before ETD date and the remaining 20% shall be paid within 15
days as a late payment.
Banking Information:
- Beneficiary’s name: Vietnam Southern Food Corporation - JSC
 - Add: 333 Tran Hung Dao, Cau Kho Ward, District 1, Ho Chi Minh City
- Banking account: 0701-1781-8231
- Bank’s name: Saigon Thuong Tin Commercial Joint Stock Bank
- Add: 266 - 268 Nam Ky Khoi Nghia, district 3, Ho Chi Minh City
- SWIFT code: SGTTVNVX

Document requirements:
- Full set of commercial invoice
- Full set Bill of Lading (3/3)
- Certificate of weight and quality issued by independent surveyor
- Certificate of origin
- Phytosanitary certificate
- Fummigation certificate
- Certificate of vessel's Hatch cleanliness

7/ PACKING & MAKING: Rice is packed in new, single-jute bags, each weighing 50 kg
8/ WARRANTY: The buyer is responsible for this.
9/ INSPECTION: The buyer has the right to inspect the goods before delivery.
10/ Other terms and conditions
Insurance: Should be covered by the buyer.
Penalty:
Late delivery: In the event that the seller fails to deliver the goods under this contract on due
time, the buyer will have the right to penalty in the amount equivalent to 1% of delayed portion
value per a weeks of delay but totally not exceed 3% total value contract. Telegraphic transfer
to the buyer’s bank shall effect payment for the penalty at the same time.
Late payment: the buyer has to recoup 1% of the amount up to the payment term, calculated
according to the late payment term. 

Any change and/or admendments to this contract will be made in writing and subject to
approval by both parties.

This sales contract is done in Ho Chi Minh City 20 Oct. 2022 in English in 4 equal copies, 2 copies
for each party. The contract comes into force upon the date of signature and shall be valid until
the buyer has successfully received and paid for the shipment.

FOR PARTY A FOR PARTY B