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CONTRACT
ORIGINAL NO.:99ST8471055USDL
DATE: SEP. 8, 1999
THE BUYERS: SINOTRANS INTERNATIONAL TRADING COMPANY
F1.12,A-Tower Xxxxxxxxx Xxxxx, X-00,
Xxxxxxx Xxxxxxxx Xxxxxxx 000000, Xxxxx
TEL: 00 00 00000000 FAX: 00 00 00000000
THE SELLERS: GOLDENACCESS GROUP
0000 Xxxxxxxx Xxxxxx X-0000, Xxxxx, XXX 00000
TEL: FAX: 0 000 000 0000
This Contract is made by and between the Buyers and the Sellers,
whereby the Buyers agree to buy the Sellers agree to sell the under-mentioned
goods on the terms and conditions stated below:
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1) NAME OF COMMODITY, SPECIFICATIONS,
QUALITY, PACKING TERM AND SHIPPING MARKS 2) QUANTITY 3) UNIT PRICE 4) TOTAL AMOUNT
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GoldenAccess VIP IP telephony Gateway 1 set CIF USD 12,000.00
Configuration of 4-Port System (new and Beijing Airport
unused sample) USD12,000
Packing: the packing shall be meet the
demands for long distance air
transportation.
Shipping Xxxx: N/M
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5) COUNTRY OF ORIGIN AND MANUFACTURERS: U.S.A., GOLDEN ACCESS GROUP
6) TIME OF SHIPMENT: BEFORE SEPTEMBER 30, 1999.
7) PORT OF LOADING: MIAMI, U.S.A.
8) PORT OF DESTINATION: BEIJING AIRPORT, P.R.C.
9) INSURANCE:
To be effected by the Sellers for 110% of invoice value against All Risks
according to P.I.C.C. (1/1/81).
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10) TERM OF PAYMENT:
A. The buyers shall pay $5,00 deposit by T/T terms upon arrival of the
said product and the acquirement of necessary documents for T/T
remittance abiding by Chinese regulations.
B. At the issuance of Acceptance Certificate, the buyers shall remit the
remaining $7,000 to the sellers by T/T terms.
11) DOCUMENTS:
The sellers shall provide commercial invoice, packing list (if available),
airway xxxx to the buyers as required documents to enable him realize T/T
payment. 12) TERMS OF SHIPMENT:
A. Terms of CIF Delivery: The Sellers shall undertake to ship the
contracted goods from the port of loading to the port of destination
on a direct line, with no transshipment allowed.
B. In case the product is to be returned to the sellers, the sellers
shall cover the freight.
13) ADVICE OF SHIPMENT:
The Sellers shall, upon completion of loading, advise the Buyers within 24
hours by telex of fex of the Contract No., name of commodity, number of
packages, gross and net weights, invoice No. and value, name of vessel and
loading date.
14) INSPECTION AND CLAIMS:
If the buyer is not satisfied with the product, he has the right to refuse
to issue the Acceptance Certificate and reject the product but shall preserve
the intactness of the product. Upon receiving the returned product, the sellers
shall remit the $5,000 deposit back to the buyers. The trial period is 60 days
after the completion of installment and the buyers shall, if accepting the
product, issue the Acceptance of Certificate within 5 working days after the
completion of the trial period.
15) FORCE MAJEURE:
In case of Force Majeure, the Sellers shall not be held responsible for
delay in delivery or non-delivery of the goods but shall notify immediately the
Buyers by telex or fax and deliver to the Buyers by registered mail a
certificate issued by government authorities or chamber of commerce as evidence
thereof. If the shipment is delayed over one month as the consequence of the
said Force Majeure, the Buyers shall have the right to cancel this Contract.
Occurrences such as storms, earthquakes, flood, hurricane, fire and acts that
are unforeseeable when signing the contract and inevitable or unconquerable
accidents or incidents shall be viewed by both parties, if resulting in delay or
non-performance of the contract, as Force Majeure. Seller's inability in
obtaining export license shall not be considered as Force Majeure.
16) DELAYED DELIVERY AND PENALTY:
Should the Sellers fail to effect delivery on time as stipulated in this
Contract owing to cause other than Force Majeure as provided for in clause (15)
of this Contract, the Buyers shall have the right to cancel the relative
quantity of the contract. Or, alternatively , the Sellers may, with the Buyers'
consent, postpone delivery on payment of penalty to the Buyers. The Buyers may
agree to grant the Sellers a grace period of 15 days. Penalty shall be charged
at the rate of 1% of the total value for every 10 days, odd days less than 10
days should be counted as 10 days. The total penalty shall be calculated from
the 16th day shall not be exceed 5% of the total value of the goods involved.
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17) ADDITIONAL CLAUSE:
If any of the above-mentioned Clause(s) is/are inconsistent with the
following additional Clause(s), the former shall prevail.
Technical requirements, training terms, service and other related items
shall follow GOLDEN ACCESS GROUP IP Telephony Gateway Purchase Agreement &
Appendix A and Appendix B signed between Golden Access Group and Sinotrans
Information Management Center.
The Sellers: The Buyers:
Golden Access Group Sinotrans International Trading Co.
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AMENDMENT TO CONTRACT NO.:99ST8471055USDL
Date: Sep. 24, 1999
THE BUYERS: SINOTRAN INTERNATIONAL TRADING COMPANY
THE SELLERS: GOLDEN ACCESS GROUP
This amendment is made by and between the Buyers and the Sellers as an integral
part of the Contract (No.:99ST8471055USDL) and shall be abided by both parties
herewith. If any of the original clauses in the Contract is found inconsistent
with this amendment, this amendment shall prevail. The rest of the Contract and
its effect remain unchanged.
AMENDMENT I: referred to Clause 9) in the aforesaid Contract
9) Insurance: To be effective by the Sellers for 100% of invoice value
against all risks.
AMENDMENT II: referred to Item A Clause 12) in the aforesaid Contract
12) Terms of Shipment:
A. Terms of CIF Delivery:
The Sellers shall undertake to ship the contracted goods from the
port of loading to the port of destination in one shipment, but with
transshipment allowed.
THE SELLERS: THE BUYERS:
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