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Amended Supply Contract - Trnsagri - Final 12-07-2023
Amended Supply Contract - Trnsagri - Final 12-07-2023
This PRODUCT SUPPLY AGREEMENT (this “Agreement”) is entered into and effective as of july 12,
2023 (the “Effective Date”) by and between:
TRANS AGRI TRADING LLC -uae company represented by GM/ Yasser Ata Zyadat ,address : Abudhabi –
email : yziyadat@transagriholding.com – mobile : 00971559568677 (BUYER)
(FIRST PARTY)
And
(SECONED PARTY)
RECITALS
WHEREAS, second party is Company located in Pakistan and It has expressed to the first party that it has
the ability to supply the animal feed required by the first party and to supply it according to the required
specifications and according to the requirements that must be met by the goods supplied by the competent
government agencies in the United Arab Emirates.
WHEREAS, The second party wishes to contract with the first party to supply animal feed( Rhodes grass
hay ) according to the required specifications and according to the quantities specified by the first party, which
the first party may individually amend from time to time according to market requirements and its need for
supply. The two parties have agreed on the following terms and conditions .
AGREEMENT
1. Services
Second party agrees to provide the Products (Rhodes grass hay) tofirst party in accordance with the
policies, procedures, standards and specifications as provided in writing by first party to the second party (the
“Specifications”) for approval of the Products for production, which Specifications have been agreed to by first
party and may only be subsequently amended in writing by first party as mutually agreed by the Parties.
The first party has the unilateral right to amend product specifications, shipping and packaging requirements,
and the quantities required to be supplied for each shipment
Payment will be made for each supply order(L.P.O) according to the required quantity calculated on the basis of
one ton in the amount of 210 US dollars or its equivalent in UAE dirhams (based on the exchange rate of 3.675
AED)CIF to (Jebel Ali Port, Dubai - United Arab Emirates) ,the payment terms shall be 50 % Advance and
50%after receiving and approval from first party and authorization in UAE and fulfill the obligation of second
party
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processes, inventories or equipment are in an unsanitary condition or do not otherwise comply with applicable
federal, state, or local laws, rules and regulations or with the terms and conditions of this Agreement, the
Specifications or the process requirements, , THE SECOND PARTY warrants and guarantees that it shall
conduct all of its business activities in full compliance with the United ARAB EMIRATES law and all ( federal,
state and local laws, rules, regulations and guidelines).
b) The supplier must provide the buyer (the first party) with a certificate of inspection for the supplied Product
(Rhodes grass hay) issued by an internationally recognized and accredited body confirming that the supplied
product (Rhodes grass hay) conforms to the agreed specifications and that it is valid for use as animal feed and
that the product is free from any defects, The required certificate must be delivered to the first party before
shipping the product to the port of destination.
5. Limitation of Warranty
THE WARRANTIES SET FORTH IN THIS AGREEMENT ARE THE SOLE AND EXCLUSIVE
WARRANTIES GIVEN BY THE SECOND PARTY WITH RESPECT TO THE PRODUCTS.
.
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6. Rejection of Products
The parties agree that:
(a) FIRST PARTY, as the case may be, may reject and refuse to pay for Products that (i) do not fully comply
with the Specifications or were not manufactured in accordance with the Specifications, (ii) have been damaged
during storage or handling prior to being shipped from SECOND PARTY facility(ies) or (iii) are not in
compliance with the other terms and conditions of this Agreement (“Properly Rejected Product”).
(b) If SECOND PARTY has received payment for Properly Rejected Products, FIRST PARTY shall
provide SECOND PARTY a statement which includes substantiating documentation, for the cost of such Properly
Rejected Products and for any freight, handling or other reasonable disposition costs or expenses incurred by
Annie’s in connection with such Properly Rejected Products, and FIRST PARTY shall receive credit from
SECOND PARTY within thirty (30) days of such invoice.
(c)FIRST PARTY, as the case may be, may reject and refuse to pay for Products that have been produced
and packaged during a particular production run if quality assurance samples from that production run do not
conform to the Specifications or were not manufactured in accordance with the Specifications or are otherwise
not in compliance with the terms and conditions of this Agreement. Following return of the rejected Products to
SECOND PARTY, if the Parties mutually agree that such rejection of Products by Annie’s or a Designee was
unwarranted, Annie’s shall reimburse SECOND PARTY for the reasonable and documented costs incurred by
SECOND PARTYfor transportation of such rejected Products to SECOND PARTY and inspection and testing
thereof.
7. QUANTITY :
The quantity required to be supplied from the second party to the first party is between (6000 tons - up to 8000
tons) according to what is determined by the first party and according to the requirements of the first party.
The required quantity is requested from the first party according to a purchase order specifying the quantity to be
supplied in one shipment and the delivery date at the port of arrival.
The first party shall have the sole right to change the quantity of goods required to be supplied by the second
party.
8. Termination
This Agreement shall commence on the Effective Date, and shall continue thereafter in full force and
effect for a period of (3MONTHS) commencing on the Effective Date .
This Agreement shall thereafter renew BY THE FIRST PARTY REQUEST thereafter for subsequent
(3) months periods
This Agreement may be terminated:
(a) by either Party without notice in the event the other Party becomes insolvent or is the subject of a
voluntary or involuntary bankruptcy petition;
(b) By either party in the event that the other party violates its contractual obligations stipulated in the
agreement.
(c) By the first party alone and without the need to give any reason, as soon as a written letter is sent to the
second party to terminate the contract.
9. Force Majeure
Neither Party will be liable to the other for failure to fulfill obligations hereunder of such failure is due to
causes beyond control, including, without limitation, acts of God, earthquake, fire, flood, embargo, catastrophe,
sabotage, utility or transmission failure, governmental prohibitions or regulations, national emergencies,
insurrection, riots or wars or viruses which did not result from the acts or omissions of such Party, its employee
or agents; strikes, work stoppages or other labor difficulties, unavailability or delays in transportation, default of
suppliers (“Force Majeure Event”). The time for any performance required hereunder will be extended by the
delay incurred as a result of such Force Majeure Event. In the event that such Force Majeure Event continues for
a period of (ninety) 90 days, then either party may terminate this Agreement. If second party determines that its
ability to supply the total demand for the Products or to obtain the material used directly or indirectly in the
manufacture of the Products is indeed, limited or made impracticable due to causes set forth here, DC may
allocate its available supply of the Products or inventory on such basis as second party determines is equitable,
which determination shall result in no less than a pro rata distribution of material used to manufacture the
Products based on consumption of such materials during the six (6) months immediately preceding the Force
Majeure Event.
10. No Waiver
Any failure by either party to notify the other party of a violation, default or breach of this Agreement, or
to terminate this Agreement on account thereof, shall not constitute a waiver of such violation, default or breach
or a consent, acquiescence or waiver of any later violation, default or breach, whether of the same or of a
different character.
12. Assignment.
This Agreement shall be binding upon and be for the benefit of the Parties and their legal representatives,
successors, and assigns. Neither Party may assign this Agreement without the prior written consent of the other
Party; provided, that notwithstanding the foregoing, either Party may assign this Agreement without such
consent to the purchaser of all or substantially all of such Party’s business and assets, and may otherwise assign
this Agreement by operation of law to any successor of such Party due to merger or reorganization.
15. Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument, and in pleading or proving any provision
of this Agreement, it shall not be necessary to produce more than one of such counterparts.
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first
written above.
By: By: