PTSC Mechanical & Construction Co., Ltd.

SALES CONTRACT
CONTRACT NO：
DATE:
1. SELLER: TOUGAS OILFIELD SOLUTIONS GMBH
Address：WEISMUELLERSTRASSE 50, 60314 FRANKFURT, GERMANY
Account No:
SWIFT:
Tax Code:
Tel:
Represented by:
2. BUYER: PTSC Vietnam
Address: Ba Ria Vung Tau, Viet Nam
Tel:
Account No:
SWIFT:
Tax Code:
Represented by:
The two parties have agreed to sign this contract covering the following terms and
conditions
ARTICLE 1: COMMODITY AND QUALITY

1.1 Commodity: AS52-2S

Double System Flat Sweater
Knitting Machine Brother
Computerized
1.2 Origin of the commodity:
China
1.3 Quality
1.1 Commodity: AS52-2S
Double System Flat Sweater
Knitting Machine Brother
Computerized
1.2 Origin of the commodity:
China
1.3 Quality
1.1 Commodity:
1.2 Origin of the commodity: Germany
1.3 Quality
Description of goods Dimension (cm) Weight (kgs)

Machine 1 350x230x19 3000

 Machine 2 324x201x155 580

ARTICLE 2: QUANTITY – UNIT PRICE – TOTAL AMOUNT

Commodity Quantity Unit price Amount
Machine 1 1
Machine 2 1
Total 2
Unit price above is understood to be CIF Cat Lai port, Viet Nam
ARTICLE 3: PACKING AND MARKING
Sales unit
Size of one pack
Total one weight
Packaging type
All the packages will be labeled in details with the information of the importer and
exporter.

ARTICLE 4: SHIPMENT
3.1 Term of delivery: CIP Cat
Lai port, Vietnam
3.2 Partial shipment: Allowed
3.3 Transshipment: Not allowed
3.4 Packing: Wooden case
package
3.5 Port of loading: Any port in
China
3.6 Port of discharge: Cat Lai
port, Vietnam
3.7 Time of delivery: not later
st
than June 1 2021
3.8 In case of shipment delayed
due to the fault of party A, all
air freight charges and other
relevant fees will be settled by
party A accordingly
ARTICLE 4: SHIPMENT
3.1 Term of delivery: CIP Cat
Lai port, Vietnam
3.2 Partial shipment: Allowed
3.3 Transshipment: Not allowed
3.4 Packing: Wooden case
package
3.5 Port of loading: Any port in
China
3.6 Port of discharge: Cat Lai
port, Vietnam
3.7 Time of delivery: not later
st
than June 1 2021
3.8 In case of shipment delayed
due to the fault of party A, all
air freight charges and other
relevant fees will be settled by
party A accordingly
ARTICLE 4: SHIPMENT
4.1 Term of delivery: CIF Cat Lai port, Vietnam
4.2 Partial shipment:
4.3 Transshipment:
4.4 Packing:
4.5 Port of loading:
4.6 Port of discharge: Cat Lai port, Vietnam
4.7 Time of delivery:
4.8 In case of shipment delayed due to the fault of party A, all air freight charges
and other relevant fees will be settled by party A accordingly.
ARTICLE 5: PAYMENT
ARTICLE 6: REQUIRED DOCUMENTS
Commercial invoice signed by the Seller : 1 original and 2 copies
Clean shipped on board Bill of Lading marked "freight prepaid", "to order of the
Buyer","notify to the Buyer" : 1 original and 2 copies
Certificate of Origin: 2 copies
Packing list in detail: 1 original and 2 copies
Insurance Certificate or Policy: 1 copy
Quality and quantity certificate issued by the Manufacturer: 1 original and 2 copies
ARTICLE 7: INSURANCE

ARTICLE 8: WARRANTY
The seller shall be liable for warranty for the product of this contract within 3
months from theday of packaging.This warranty shall not be applied to:- The
product damaged or spoiled during its stay on the carriage (both vessels and
containers)- The product damaged or spoiled due to the buyer’s inability to conduct
proper preservationtechniques, which is faxed and emailed to the buyer on right
after L/C opening date.
ARTICLE 9: FORCE MAJEURE
The force majeure clause under ICC commercial law is applied in
this contract. When anincident occurs, the party affected by the force majeure
event must also notify the other party ofthe force majeure event occurring within
07 (seven) days as soon as the force majeure eventoccurs. and mutually confirm in
writing within 20 days. Outside of this time, Force Majeurecases will not be
considered.
ARTICLE 10: PENALTY
n the event that the Seller fails to deliver the gods under this contract on due time,
the Buyerwill have the right to penalty in the amount equivalent to 1% ( one
percent) of delayed portionvalue per a week of delay but totally not
exceed 3% (three percent) total value contract.Telegraphic transfer to the
buyer's Bank shall effect payment for the penalty at the same time.
ARTICLE 11: APPLICABLE LAW

Issues or questions relating to

the contract that are not
resolved, agreed upon by the
terms of the
contract shall be governed by
the United Nations Convention
on the International Contract of
Sale of Goods (CISG).
If problems or other questions
that are not within the scope of
the CISG's adjustment will be
subject to the UNIDROIT
principle of the international
trade contract and to the extent
that such
questions or matters are not
covered by the UNDROIT
principle, according to the
Vietnam Trade
Law 2005
Issues or questions relating to the contract that are not resolved, agreed upon by the
terms of thecontract shall be governed by the United Nations Convention on the
International Contract ofSale of Goods (CISG).If problems or other questions that
are not within the scope of the CISG's adjustment will besubject to the UNIDROIT
principle of the international trade contract and to the extent that suchquestions or
matters are not covered by the UNDROIT principle, according to the Vietnam
Trade Law 2005.
ARTICLE 12: ARBITRATION
For all disputes arising or related to the contract, the two contracting
parties will resolvepeacefully and friendly in the spirit of cooperation.If the two
parties are unable to reach an agreement, this contract shall be settled in
accordancewith the SIAC Rule by a recommended arbitrator in accordance with
the stated provisions.The parties must agree to the selection of arbitrators, the
losing party will bear all costs andproceeding fees.The language used in arbitration
is English. The decision of the trial panel will be final andvalidly binding on the
two parties.
ARTICLE 13: OTHER TERMS AND CONDITIONS

Taxes and other revenues on

goods at the port of queuing are
counted into the seller's
account.
The risks and losses since the
goods are delivered to the first
loader are borne by the buyer
This contract is binding on the
seller and buyer after the legal
signing between the two parties.
Any other terms and conditions
not mentioned in the contract
will apply to INCOTERMS
2020.
All amendments and
supplements of the contract
shall take effect if written and
signed by both
parties
Taxes and other revenues on goods at the port of queuing are counted into the
seller's account.The risks and losses since the goods are delivered to the first loader
are borne by the buyerThis contract is binding on the seller and buyer after the
legal signing between the two parties.Any other terms and conditions not
mentioned in the contract will apply to INCOTERMS 2020.All amendments and
supplements of the contract shall take effect if written and signed by both parties.

FOR AND ON BEHALF

OF THE SELLER