CONTRACT NO. NBZHS23018, CONTRACT CONTRACT NO.: NBZHS23018 DATE: 2023-02-09 ‘SELLER: NINGBO JIANGBEI TIANHANG INDUSTRY AND TRADE CO.,LTD ADDRESS: NO.S HONGDA ROAD, AREA A HONGTANG INDUSTRY DISTRICT;NINGBO 318033, CHINA, BUYER: BUYER: NAM SON STEEL CORPORATION ADDRESS: 127 PHAM THAI BUONG, TAN PHONG WARD, DISTRICT 7, HOCHIMINH CITY, VIET NAM ‘TEL: +84-28 $413 3322 FAX:+84-28 54125089 ‘TAX CODE: 0311981965 ‘THE CONTRACT IS MADE BY AND BETWEEN THE SELLER AND THE BUYER WHEREBY ‘THE SELLER AGREES TO SELLAND THE BUYER AGREES TO BUY THE UNDERMENTIONED GOODS ACCORDING TO THE TERMS AND CONDITIONS STATED BELOW: 1, COMMODITY: PRIME HOT ROLLED STEEL SHEET IN COILS 2. SPECIFICATION: Q195/Q19SL. WIDTH: 1250-126SMM AS SELLER'S OPTION (COIL WEIGHT :17-25MT THICKNESS | QUANTITY | UNITPRICE | AMOUNT qm , (wspmT) (usp) 30 3,000.00 a 1,863,000.00 IN TOTAL, 3,000.00 1,863,000.00 PRICE TERMS: CFR FO HOCHIMINH CITY PORT, VIETNAM (THE TERMS "CFR" IN THIS CONTRACT SHALL BE SUBJECT TO THE "INTERNATIONAL RULES FOR THE INTERPRETATION OF TRADE TERMS” (INCOTERMS 2010) PROVIDED BY INTERNATIONAL CHAMBER OF COMMERCE (ICC) UNLESS OTHERWISE STIPULATED HEREIN.) ‘TOTAL QUANTITY: 3,000.00 MT (+10/-10%) ‘TOTAL AMOUNT: USD 1,863,000.00 (+10/-10%) 3. INVOICIN )N ACTUAL NET WEIGHT 4. DELIVERY TOLERANCE: +¥10/-10% ON TOTAL QUANTITY AND TOTAL AMOUNT 5. ORIGIN: CHINA PACKING: MILL EXPORT STANDARD PACKING MILL: ANFENG/ZONGHENG/RUIFENG AS SELLER'S OPTION =.CONTRACT NO. NBZHS23018 6 LOADING PORT: ANY PORT OF CHINA. DISCHARGING PORT: HOCHIMINH CITY PORT, VIETNAM ‘TIME OF SHIPMENT: ON OR BEFORE 2023-04-10 PARTIAL SHIPMENT: ALLOWED ‘TRANSHIPMENT: NOT ALLOWED 7. PAYMENT: BY IRREVOCABLE AT SIGHT OR UPAS LC 180 DAYS LETTER OF CREDIT FOR 100% CONTRACT VALUE IN US DOLLARS, TO BE OPENED ON OR BEFORE 2023-02-17, DOCUMENTS PRESENTED WITHIN 21 DAYS AFTER B/t, DATE. BUT WITHIN LC VALIDITY, IN FAVOR OF SELLER, WITH ISSUING BANK ACCEPTABLE BY THE SELLER. BENEFICIARY: NINGBO JIANGBEI TIANHANG INDUSTRY AND TRADE CO.,LTD ADDRESS: NO.5 HONGDA ROAD,AREA A HONGTANG INDUSTRY DISTRICT.NINGBO 315033, CHINA BANK NAME: INDUSTRIAL & COMMERCIAL BANK OF CHINA, NINGBO: YINZHOU BRANCH BANK ADDRESS; | TIANYIN ROADSHOUNAN STREET,YINZHOU NINGBO ,CHINA ‘SWIFT CODE: ICBKCNBINBO ACCOUNT NUMBER: 3901150009814063187 8 DOCUMENTS: PAYABLE AGAINST THE PRESENTATION OF FOLLOWING DOCUMENTS: A)FULL(3/3) SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT ‘TO ORDER OF ISSUSING BANK AND BILL MUST SHOW SHIPPING AGENT IN VIETNAM WITH FULL NAME, ADDRESS AND TEL NO. BLANK ENDORSED MARKED “FREIGHT PREPAID” NOTIFYING APPLICANT B) COMMERCIAL INVOICE IN 3 ORIGINALS ISSUED BY BENEFICIARY SHOWING DESCRIPTION OF GOODS, NUMBER OF COILS PER SIZE AND IN TOTAL, QUANTITY PER SIZE AND IN TOTAL, UNIT PRICE AND TOTAL CARGO VALUE, LC NUMBER AND DATE ISSUED. ©) PACKING LIST IN 3 ORIGINALS ISSUED BY BENEFICIARY SHOWING NUMBER OF COILS PER SIZE AND IN TOTAL, GROSS AND NET WEIGHT PER SIZE AND IN TOTAL, SHOWING ‘COLOR MARKING, LIC NUMBER AND DATE ISSUED. 1D) BENEFICIARY’ S CERTIFICATE CERTIFYING THAT 1 ORIGINAL MILL TEST CERTIFICATE AND | ORIGINAL CERTIFICATE OF ORIGIN (FORM E ISSUED BY CCPIT OR CUSTOMS) HAVE BEEN SENT BY DHL COURIER SERVICE TO THE BUYER WITHIN 10 WORKING DAYS AFTER SHIPMENT. ADDITIONAL: A) SHORT FORM, BLANK BACK, FREIGHT FORWARDER'S AND HOUSE B/L NOT ACCEPTABLE. B/L SHOWING SHIPPER OTHER THAN BENEFICIARY ARE ACCEPTABLE. CHARTER PARTY’S BILL OF LADING IS ACCEPTABLE. B) ALL DOCUMENTS SHOULD BE IN ENGLISH EXCEPT STAMP, SIGNATURE, LETTER HEADS wal. aulCONTRACT NO: NBZHS2O18 ©) ANY MINOR DISCREPANCIES WHICH WILL NOT AFFECT QUALITY, QUANT! AND VALUE SHALL NOT BE CONSIDERED AS DISCREPANCIES. 'D) THIRD PARTY DOCUMENTS ARE ACCEPTABLE EXCEPT INVOICE AND DRAFT E) LICAVAILABLE WITH ANY BANK BY NEGOTIATION RICE ADVICE OF SHIPMENT: SELLER SHALL, UPON COMPLETION OF LOADING, ADVISE BUYER WITHIN THREE WORKING DAYS BY EMAIL OF THE CONTRACT NUMBER, NAME OF COMMODITY, PIECES/QUANTITY, LOADING DATE, NAME OF VESSEL AND INVOICE VALUE. ‘THE CARRYING VESSEL MUST BE COVERED WITH VALID P AND I RISK WITH AN INTERNATIONAL P AND I GROUP AND IS NOT OVER 25 YEARS OLD 10, INSURANCE: BE COVERED BY THE BUYER. IL. DISCHARGING TERMS: CQD DISCHARGE (BUYERICARGO RECEIVER SHALL BE RESPONSIBLE FOR ALL NECESSARY IMPORT DOCUMENTATIONS & IMPORT LICENSES’ FORMALITIES ‘SUFFICIENT TRANSPORTS / LABORS ETC. TO BE READY ON/BEFORE VESSEL'S ARRIVAL AT DISCHARGE PORT, FAILING WHICH, ANY VESSEL. DETENTION CAUSED ARE FOR BUYER'S ACCOUNT.) 12, INSPECTION AND CLAIM: INSPECTION AND CLAIM: THE BUYER SHALL HAVE THE RIGHT TO APPLY SGS AT DISCHARGING PORT FOR INSPECTION AFTER THE GOODS DISCHARGED AT THE PORT OF DESTINATION. SHOULD THE QUALITY AND/OR QUANTITYAWEIGHT BE FOUND NOT IN CONFORMITY WITH THE CONTRACT, THE BUYER SHALL BE ENTITLED TO LODGE CLAIMS AGAINST THE SELLER ON THE BASIS OF SURVEY REPORT OF SGS, EXCEPT FOR CLAIMS FOR WHICH THE SHIPPING COMPANY AND/OR THE INSURANCE COMPANY ARE TO BE HELD RESPONSIBLE, CLAIMS FOR QUALITY AND/OR QUANTITY/WEIGHT DISCREPANCY SHOULD BE LODGED BY THE BUYER WITHIN 30 DAYS AFTER ARRIVAL OF THE GOODS AT THE PORT OF DESTINATION WITH THE SURVEY REPORT OF SGS , OTHERWISE, THE BUYER WILL BE DEEMED TO GIVE UP THE CLAIM FOR ANY COMPENSATION AGAINST THE SELLER, WHILE THE QUALITY OF THE GOODS WILL BE DEEMED QUALIFIED IN CONFORMITY WITH THIS CONTRACT. AND BEFORE THE CLAIMS HAVE BEEN SETTLED, THE BUYER IS BOUND TO TAKE REASONABLE STEPS TO PRESERVE THE GOODS WITHOUT CHANGING THE ORIGINAL APPARENT ORDER AND CONDITIONS, AND SHALL NOT RESELL OR DISPOSE OF GOODS, OTHERWISE, 'THE BUYER'S CLAIM WOULD NEVER BE CONSIDERED. THE MAX CLAIM AMOUNT SHOULD NOT BE OVER THE INVOICE VALUE, THE SELLER SHOULD REPLY THE CLAIM WITHIN 30 WORKING DAYS AFTER RECEIPT OF THE VALID CLAIM DOCUMENTS. IF ANY. AT-THE PORT OF DESTINATION, +/-0.5 PCT FRANCHISE BASED ON BILLS OF LADING WEIGHT ARE ACCEPTABLE. ALL EXPENSES ARISED AT DISCHARGE PORT SHOULD BE BORNE BY THE BUYER'S ACCOUNT. THE CLAIM DOES NOT MEAN THAT THE BUYER IS ENTITLED TO NON-PAYMENT FOR THE GOODS DELIVERED BY THE SELLER OR THE GOODS AGREED FOR DELIVERY ACCORDING ‘TO THE TERMS OF THIS CONTRACT. 2 8 at © HI ‘eiCONTRACT NO. NBZHS23018 13, FORCE MAJEURE: IN CASE OF FORCE MAJEURE THE SELLER SHALL NOT BE HELD RESPONSIBLE FOR DELAY IN DELIVERY OR NON-DELIVERY OF THE GOODS BUT ‘SHALL NOTIFY THE BUYER BY EMAIL IMMEDIATELY. THE SELLER SHALL DELIVER TO THE BUYER BY EXPRESS SERVICE, IF SO REQUESTED BY THE BUYER, A CERTIFICATE ISSUED BY THE CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE OR COMPETENT AUTHORITIES CONCERNED. ‘THE FORCE MAJEURE (EXEMPTION) CLAUSE OF THE INTERNATIONAL CHAMBER OF COMMERCE (ICC PUBLICATION NO. 421) IS HEREBY INCORPORATED IN THIS CONTRACT. FORCE MAJEURE SHALL FOR THIS PURPOSE MEAN ANY CIRCUMSTANCES BEYOND ‘THE CONTROL A PARTY INCLUDING BUT NOT LIMITED TO ACTS OF GODS OR THE PUBLIC ENEMY, EPIDEMIC, WAR, REBELLION, CIVIL DISTURBANCE, FIRE, ACCIDENT, SEVERE WEATHER CONTIDITONS, SUPPLY SHORTAGES, UNAVAILABILITY OR INTERRUPTIONS OF TRANSPORT TO THE DELIVERY POINT, EQUIPMENT PAULT, POWER FAILURES, COMPLIANCE WITH ANY ORDER, ACT OR ANY REGULATION OF [ANY GOVERNMENT OR GOVERNMENT AGENCY OR LOCAL AUTHORITY, NATIONAL OR OFFICIAL STRIKE, LOCKOUTS OR OTHER TRADE DISPUTES WHICH PREVENT THE PERFORMANCE OF THE CONTRACT, AND ANY OBLIGATIONS THEREUNDER, WHILE ‘THE EXISTENCE OF FORCE MAJEURE CONTINUES. ‘THE FOLLOWING SITUATIONS SHOULD NOT BE CONSIDERED AS FORCE MAJEURE: [BUYER'S FAILURE TO OBTAIN THE IMPORT LICENSES. 14. ARBITRATION: ALL DISPUTES IN CONNECTION WITH THIS CONTRACT OR THE EXECUTION THEREOF SHALL BE SETTLED BY FRIENDLY NEGOTIATION BETWEEN ‘TWO PARTIES, IF NO SETTLEMENT CAN BE REACHED, THE CASE IN DISPUTE SHALL ‘THEN BE SUBMITTED TO THE BEUJING INTERNATIONAL ECONOMIC AND TRADE ARBITRATION COMMISSION. FOR ARBITRATION WHICH SHALL BE CONDUCTED IN ACCORDANCE WITH THE CIETAC'S ARBITRATION RULES IN EFFECT AT THE TIME OF ‘APPLYING FOR ARBITRATION. THE ARBITRAL AWARD IS FINAL AND BINDING UPON BOTH PARTIES, THE FEES FOR THE ARBITRATION SHALL BE BORNE BY THE LOSING PARTY. THE LANGUAGE OF ARBITRATION SHALL BE ENGLISH (2)GOVERNING LAWS: ‘THIS CONTRACT, INCLUDING THE ARBITRATION CLAUSE, SHALL BE GOVERNED BY, INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF PR.CHINA. 18. PENALTY IN CASE LIC CAN NOT BE OPENED WITHIN THE PERIOD STIPULATED TIME ABOVE, ‘THE SELLER SHALL HAS THE OPTION TO CANCEL THE CONRTACT AND THE BUYER HAS TO PAY NON-PERFORMANCE PENALTY OF 5% CONTRACT VALUE TO THE ‘SELLER'S ACCOUNT WITHIN 5 WORKING DAYS AFTER RECEIVING CLAIM LETTER FROM THE SELLER; IN CASE SHIPMENT CAN NOT BE EFFECTED WITHIN THE LATEST DATE DUT TO THE SELLER'S DEFECT, THE BUYER SHALL HAS THE OPTION TO CANCEL THE CONTRACT [AND THE SELLER HAS TO PAY NON-SHIPMENT PENALTY OF 5% CONTRACT VALUE TO THE BUYER'S ACCOUNT WITHIN 5 WORKING DAYS AFTER RECEIVING THE CLAIM LETTTER FROM THE BUYER, 4(CONTRACT NO.: NBZHS23018, 16, VALIDITY OF THE CONTRACT: THIS CONTRACT OR ANY COMPLEMENT OR AMENDMENT OR RESCISSION OF IT, SHOULD BE EFFECTIVE SINCE BEING SIGNED AND SEALED BY BOTH PARTIES. IN CASE OF ANY DISCREPANCIES BETWEEN THE SCANNED COPY ATTACHED TO THE E-MAIL PROVIDED ABOVE AND THE ORIGINAL, THE ORIGINAL SHALL PREVIAL, ‘THIS CONTRACT SHALL BE PRINTED, AND ANY CHANGE OF TERMS OR CONDITIONS. BY HANDWRITING ON THIS CONTRACT SHOULD BE DEEMED AS EFFECTIVE ONLY AFTER BEING SIGNED AND SEALED BY BOTH PARTIES ON THE PLACE OF CHANGE, TMALALR AL HARA A] seen! NCHS ARG ESTAR ABustey ano reape-co.tro he one # or BUYER: N; CONG TY 06 PHAN na Hain