Contract Specimen for FOB Sunflower Oil
Contract FOB, FOSFA, Veg oil
Contract 450 Dated 14/03/20. Seller represented by Director, acting in accordance with the Articles of Association, on the one part, and Buyer, represented by Director, acting in accordance with Articles of Association, on the other part, have made this Contract whereby it is agreed as follows. The SELLER undertakes to supply to BUYER, and the BUYER undertakes to accept commodity Sunflower oil and to pay. Goods. Crude sunflower seed oil in bulk produced from crop , Ukrainian origin. Total value of the contract is USD 0. Price at USD 0.00 per MT delivered Free On Board vessel (FOB – Incoterms) one safe berth of port. Quantity. 3,000 metric tons 5 % more or less in buyer’s option. Final at loading port as per Certificates of quantity issued by first class FOSFA approved surveyor. Inspection to be ordered and paid by the Buyer.
Quality. Final at loading port as per Certificates of quality issued by first class FOSFA approved surveyor with following specification:
Humidity: max 0.30 %,
Impurities: max 0.20 %,
FFA: max 2 % .
Merchantable, free from foreign smell. Inspection to be ordered and paid by the Buyer. Quality not within above mentioned specifications is rejectable or can be accept by the Buyer but with a condition of a change in the contract price