FABRIC IMPORT CONTRACT

NO. 2802/2017/PK
FEBRUARY 01, 2023
Between: Vardhman Group
Address: Chandigarh - Ludhiana - Punjab - Ấn Độ
Tel: +91-161-2228943-48
Email: mngt@vardhman.com
Represented by: Mr.S.P Oswan
And: Thanh Phat Garment Joint Stock Company
Address: No.105 Ha Dong - Ha Noi – Viet Nam
Tel: +84-037-7674896
Presented by: Mr. Mầu Danh Huy
It has been agreed that the Buyer buys and the Seller sells on the terms and conditions as
follows:

1. COMMODITY: Cotton fabric

2. QUANTITY: 50 MT (±5% tolerance chosen by the seller)
3. ORIGIN - QUALITY:
- Discription and specification: PPL01
- Brand new 100%, Produced in 2016
- Material: 100% cotton
- Origin: India
- Wave: Plain
- Size: 150 cm (59”)
- Weight: 109g/m2
4. PACKING:
- Every 50m length fabric is rolled into a roll in width 150cm
- Each roll is wrapped with anti-steam, moisture-proof PE nylon
- Every 06 rolls packed into 01 carton box size 120 cm wide x 180 cm long x 100 cm
high
5. PRICE:
- 2000USD/MT CIP Noi Bai Airport INCOTERMS 2010
- Total price: 100,000 USD
- In words: One hundred thousand dollars even
6. SHIPMENT:
- Delivery time no later than March 20, 2017
- Port of Loading: Sahnewal International Airport, India
- Port of discharge: Noi Bai Airport, Vietnam
7. PAYMENT
Payment by methods:
- Cash (US Dollar)
- Bank account
BANK NAME: South Indian Bank
ACCOUNT NO: 883568300
8. INSURANCE
Insurance is borne by the seller under CIP Incoterms 2010.
9. COMPLAIN
a. The seller is responsible for and costs incurred for inspection of the goods prior to
delivery.
b. In case of loss or damage after the goods have arrived at the port of delivery, the buyer
has the right to claim against the seller about the volume of the goods within 2 months
from the date of arrival of the goods at Saigon port; and complaints about the quality of
the goods within 3 months from the date of arrival of the goods at Saigon port. The buyer
needs to make a written complaint and attach it to the goods inspection record (issued by
the VINACONTROL Cargo Inspection Office). This assessment record is considered as
the decision document to resolve the complaint.
c. Whenever the buyer proves that all of the above claims are the responsibility of the
seller, the seller must proceed without delay.
10. FORCE MAJEURE
a. The two parties are not responsible for the failure to perform the contractual
obligations in the event of Force Majeure. Immediately upon occurrence of Force
Majeure are events beyond the control of the parties, unforeseen and unseen events
including but not limited to: war, civil war, riot, strike, natural disasters, fire and
explosion, damaged factories, government and military intervention. The affected party
will send a notice by Fax (or email) to the other party within 03 days since the incident
occurred. Proof of Force Majeure will be issued by the competent authority and sent to
the other party within 07 days. Past the above time, Force Majeure will not be considered.
b. In case of force majeure, the parties may agree to extend the time limit for performance
of contractual obligations; if the parties fail to reach an agreement or fail to reach an
agreement, the time limit for performance of the contractual obligations shall be counted
with an additional period equal to the time of occurrence of the Force Majeure event plus
a reasonable time to remedy the consequences but if the period is extended beyond the
time limits prescribed by law applicable to this contract, the affected party will be exempt
from performing its contractual obligations.
11. ARBITRATION
a. During the performance of this contract, if any dispute between the two parties cannot
be resolved by negotiation and if the defendant is the buyer, this dispute will be settled by
the Vietnam Foreign Trade Arbitration Council. Nam belongs to the Vietnam Chamber of
Commerce for settlement and vice versa.
b. The decision of the Vietnam Foreign Trade Arbitration Council in case the defendant
is the buyer will be considered final for both parties.
c. Arbitration fees and other related fees shall be borne by the losing party unless
otherwise agreed.
12. GENERAL CONDITION
a. The contract takes effect from the date of signing.
b. Any changes or adjustments must be made in writing and confirmed by both parties.
Other delivery conditions not mentioned in this contract will be subject to INCOTERMS
2010.
c. The contract is made into 03 originals in English, each party keeps 01 copy, and 01
copy is sent to the arbitration body as prescribed in Article 11.
 FOR THE BUYER FOR THE SELLER
Thanh Phat Joint Stock Company Vardhman Group