The document summarizes the key terms of a contract for the sale of 1000 metric tons of grade 1 Vietnamese cashew nuts from the 2021 crop. The cashews will be priced at $1500 per metric ton for a total of $1,500,000, packaged in 50kg bags in 20 shipping containers, and shipped from Vietnam to Marseille, France within 45 days. Payment will be made through an irrevocable letter of credit issued by a French bank.
The document summarizes the key terms of a contract for the sale of 1000 metric tons of grade 1 Vietnamese cashew nuts from the 2021 crop. The cashews will be priced at $1500 per metric ton for a total of $1,500,000, packaged in 50kg bags in 20 shipping containers, and shipped from Vietnam to Marseille, France within 45 days. Payment will be made through an irrevocable letter of credit issued by a French bank.
The document summarizes the key terms of a contract for the sale of 1000 metric tons of grade 1 Vietnamese cashew nuts from the 2021 crop. The cashews will be priced at $1500 per metric ton for a total of $1,500,000, packaged in 50kg bags in 20 shipping containers, and shipped from Vietnam to Marseille, France within 45 days. Payment will be made through an irrevocable letter of credit issued by a French bank.
· COMMODITY: VietNam cashew nuts grade 1 crop in 2021
· QUANTITY: 1000 MT more or less 5%( at seller’s option)
· QUALITY: as sample No. 02 dated Oct 20th, 2022 by the seller with two parties’s signatures. The sample makes the integrate part of the Contract. The sample shall be made into three pieces, each party keeps one and the remaining shall be kept by a third party appointed by the two parties to resolve later disputes( if any) · Price: + Unit price USD 1500/MT CIF Marseille Port( Incoterms 2020) + Total amount USD 1500000 more and less 5% +Say five hundred thousand United States Dollars only · Packaging and marking + Packed in PP bags 50kg net each in 1 container x 20 FCL · Shipping mark +Cashew nuts + Made in VN +Net weight 50kg +Gross weight: 50. 600kg +Use no hooks and keep away from water · SHIPMENT: + time of shipment: within 45days after date of L/C + port of discharge: Marseille + partial shipment: Allowed + transhipment: not allowed + notice of shipment: within 10 days before the the delivery date, the seller should notify the buyer about the preparation of goods, and carrier/ vessel information. Within 2 days after the sailing date of the carrying vessel, the seller shall notify by email to the buyer the following information : · L/C number · Date and number of BL · Name and number of vessel · ETS, ETA · Inspection: shipped weight and quality at the load port buy Vinacontrol to be final · PAYMENT BY the LC at sight + Issuing bank of LC: France Bank + Advising Bank of LC: Vietcom bank HCM branch + Time of open of LC: Nov 10th 2022 + Expiry date of LC : Jan 15th 2023 + Period of presentation within 21 days after BL date but within the validity of the credit + Payment documents: · Full set (3/3) original clean on boat BL, marked freight prepaid · Signed commerce invoice by seller in 3 original and 1 copy · Packing list in triplicate 1 original and 2 copies · Certificate of Origin issued by VN Chamber of Commerce and industry in HCM CITY · One original and 2 copied Certificate of Fumigation issed by VN fumnigation company · B/E - Penalty: in cáse