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1、 *************************** PURCHASE AND SALE CONTRACT. NO.: *************. 1/51****************** PURCHASE AND SALE CONTRACTContract No.: **************This PURCHASE AND SALE CONTRACT made on M
2、ay 15, 2009 in Beijing cityBETWEENBUYER:********Add.: ******* Tel: ****** Fax: ******ANDSELLER:*************Add.: *************Tel: *****Fax: *******The BUYER is desirous of buying all such molybdenum concentrate fro
3、m the SELLER. The BUYER confirmed the purchase of the contracted amount from the SELLER in this contract. And where as the BUYER, is desirous of purchasing all such molybdenum concentrate offered by the SELLER.The SELLER
4、 is willing to give all his productions and sales in this contract to the BUYER. ----------THE SELLER AND THE BUYER HEREBY AGREE AS FOLLOWS-----------1. DEFINITIONSUnless specifically stated the following terms in this c
5、ontract shall refer to and will have the following meaning: Goods shall mean molybdenum concentrate; DMT shall mean dry metric ton; MMT shall mean metal metric ton; MTU shall mean metric ton unit; “Metric Ton“ shall mean
6、 a ton of 1,000 kilograms or 2,204.62 pounds avoirdupois wet or dry basis as stated; PPM shall mean part per million or 1 gram per Metric Ton. Inspectorate shall mean independent inspectorate as CGL (Central Geological L
7、aboratory, Mongolia) and/or its correspondenc; CIQ (China Entry-Exit Inspection and Quarantine Association) and/or its correspondence, CCIC[China Certification T/T shall mean Telegraphic Transfer; **********************
8、***** PURCHASE AND SALE CONTRACT. NO.: *************. 3/53The shipment will be effected before *******8. PACKAGING1MT net bags sealed in containerThe goods should be packed suitable for long distance land
9、transportation and for change of climate, well protected against moisture and shocks.9. SHIPPING MARKSN/M10. QUALITY AND WEIGHT INSPECTIONAt the place of shipment (Mongolia), weighing, sampling and analysis shall be carr
10、ied out by CGL in accordance with standard international practice. Inspection fee shall be for the SELLER’s account. The BUYER has the right to be present or represented at these operations at it's own expense.At the
11、 discharging place (China), weighting, sampling analysis shall be carried out by CIQ/CCIC at BUYER's account in accordance with international practices. Inspection fee shall be for the BUYER’s account. The SELLER has
12、 the right to be present or represented at these operations at it's own expense.The certificate issued by CIQ/CCIC shall be the final results for negotiation of payment.11. TERM OF PAYMENT*************12. REQUIRED DO
13、CUMENTS FOR CUSTOMS CLEARANCE1) Signed Provisional Commercial Invoice in four originals and one copy, which indicating Contract No. ****************13. CLAIMSIn the event that SELLER is liable for the discrepancies and t
14、he BUYER lodges a claim within Ninety (90) days after discharge of the goods at the destination, such claim must be accompanied by an inspection certificate issued by CCIC/CIQ. All expenses (including inspection fees) an
15、d losses arising from the return of goods or claims should be borne by the SELLER.14. ARBITRATION***************15. DELAY/NON-DELIVERY In the event of delay/non-delivery of contractual quantity the SELLER shall bear foll
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