Sales/Purchase Contract

Contract No:
Date:
BUYER: Longyan Zhuoyue New Energy Co., Ltd.
Address: No.88, Ji An, Zhonglu, Meishan Village, Suban Town, Xinluo 364005, Longyan City, Fujian Province,China
Tel: +86-592-7191188 FAX: +86-592-7191108
SELLER:
Address:
Tel:
The Buyer agrees to buy and the Seller agrees to sell the following goods on terms and conditions as set forth below：

(1)Name of Commodity Palm Acid Oil(POME)

(2)Quantity (+/-10%) ****Metric Tons net weight
(3)Unit Price CIF Xiamen China, USD**** Per Metric Ton
(4)Total value (+/-10%) USD****ONLY.
(5)Specifications Cargo with bad stimulating smell is not accepted. Quality required:
1.Moisture + impurity <2.5%
2.Saponification Value: 196-210 mg KOH/g
3.Iodine Value: 41-56 (g I2/100g)
4.Total Fatty Matter>97%
5.Sulfur Content: 90ppm max by method of ASTM D 5453 or EN ISO 20846
6.FFA: 25~45%
(6) Packing Packed in Flexibags (flexitanks) with 3 or 4 inch direct-hole bottom valve, with net weight around 20 metric
tons for each flexibag inside. Neatness is required inside containers. No wood and mud is allowed inside
containers, nor is any foreign matter. Gross weight is composed by Net Weight and Package weight.

(7) Marks Below marks should be attached on each flexibag SECURELY and OBVIOUSLY.
Palm Acid Oil(POME)
Net Weight AROUND 20tons /container
Origin: Indonesia
For non- food industrial purpose only
(8)Payment 98% documents against payment through bank and 2% after the cargo arrived at factory in 3 working
days.
Buyer’s Bank:
Account Name: LONGYAN ZHUOYUE NEW ENERGY CO., LTD
Bank: THE AGRICULTURAL BANK OF CHINA LONGYAN LONGJIN BRANCH
Bank Address: 56 Jiefang Road, Longyan, Fujian Province, PR China, 364000
Bank Tel: +86-597-2982551
Account No.:13700114040001028 SWIFT CODE:ABOCCNBJ130
Seller’s Bank:
Beneficiary Name:
Bank name:
Bank Add:
Account No: SWIFT CODE:
(9)Shipment To be shipped before ********
(10)Port of loading Any port of Indonesia.
(11)Port of Destination Xiamen, China

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(12)Insurance To be covered by the Seller for 110% of the invoice value against ALL RISKS.
(13)Documents The Seller should guarantee that following original documents must be sent out by Seller’s bank toward the
Required Buyer’s bank within 14 days after BL date(BL date to count as 0)
1. Signed commercial invoice in three originals.
2. Signed Packing list in three originals
3. Full set of clean on board ocean bills of lading with consignee and notify party as Buyer
4. Certificate of Origin (Form E) with HS code of 382319******.
5. Original Insurance policy
6. Certificate of Weight or quantity issuing by Saybolt or SGS, showing BL No., Containers No., Seal No., Net
Weight, and Gross Weight for all containers.
7. Certificate of Analysis issuing by Saybolt or SGS, showing BL No., Containers/Seal No., and analysis result as
required in Clause (5) for all containers. Analysis result is based on composite sample taken from all containers
at beginning, middle and end of loading process (spot sample of 6~8 times taken while loading for every
container). Reports with no liability are not allowed. Composite sample must be split into one for analysis by the
surveyor and the other sent to Buyer’s office directly by DHL prepaid.
8. Sustainable Declaration with cargo name of POME with actual GHG value, as per ISCC rules.
9. Copy of valid ISCC certificate by the Seller, covering POME business.
(14) Others 1. The seller should inform the buyer of shipping details by mail or fax with 48 working hours after the shipment.
2. The scan of full set original documents should be sent to the Buyer for checking before originals are sent
out.The Seller should guarantee the full set of original documents must be sent out by Seller’s bank toward the
Buyer’s bank within 14 days after BL date.
3. Containers to be clean, odorless, and new enough ( if possible, within 5 years old)
4. Cottonseed oil, coconut oil, palm kernel oil or fossil oil is NOT allowed in the cargo.
5. The Seller should strictly control the quality as required. Otherwise, claim can be raised by Buyer on quality
loss and 13% VAT loss. Especial for Sulfur Content, for every 1ppm of sulfur over 90ppm, $0.5/mt claim will be
raised by the buyer, Additionally, if the sulfur content is above 140ppm, the cargo will be rejected. If the FFA more
than 45%, for every 1% of FFA, $1.5/t claim will be raised by the buyer. If M&I higher than requirement, loss
including import VAT will be raised by the buyer.
6.The tolerance of inspection quantity and delivery quantity is +/-0.3%. If shortage quantity is more than 0.3%,
the payment will be arranged according to inspection quantity and claim can be raised by Buyer on quantity loss.
7. A Composite sample for every container shall be taken by the Seller or Factory while loading and put it inside
the container at the gate, in case of any customs checking or quality comparison by the Buyer.
8. Seller should apply 14 days ( if possible 21days) of container free demmurage and detention days at Xiamen
port. LSS (Low Sulfur Fuel Surcharge) is borne by the Seller if there is.
9. 4-6 loading pictures (showing status before loading, during loading, after loading, and container/seal NO.)
shall be taken and sent to buyer, in case there is application for exemption for damage of containers.
10. If Seller can't ship in time, Buyer has the right to claim for USD15/ton due to Seller's violation of the contract,
and the contract value change due to market rise if there is.
(15) Anti-corruption Each party shall ensure that any person, who is performing services or providing goods in connection with this
and anti-laundering: agreement, comply with all applicable laws, statutes and regulations relating to anti-bribery and anti-corruption,
and anti-laundering. Breach of this clause shall be deemed a material breach of this agreement entitling the
other party to terminate the agreement immediately

The Buyer's seal/signature The Seller's seal/signature

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