Exhibit 10.13
SALES CONTRACT OF INDUSTRIAL PRODUCTS
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NO.:
SIGNED AT: Tai'an
DATE: January 15, 2003
This contract is made and entered into by and between Feicheng Longxin Materials
Storage & Transportation Co., Ltd (hereinafter referred to as the Seller) and
Shandong Shengda Chemical Co., Ltd (hereinafter referred to as the Buyer);
whereby the Seller agree to sell and the Buyer agree to buy the commodity
mentioned in this contract subject to the terms and conditions stipulated below:
Article 1: Object, Quantity, Price and Date of Delivery
NAME OF COMMODITY: Anthracite Coal
UNIT: ton
QUANTITY: 3,000
UNIT PRICE: XXX 000 yuan
TOTAL AMOUNT: RMB 1,890,000.00 (ten million, eight hundred and ninety thousand)
yuan
DATE OF DELIVERY: 300 tons each month
Article 2: QUALITY STANDARD
The fixed carbon shall be more than 78%, and the heat value shall be more than
7,000 kcal;
Article 3: TERMS AND TIME LIMIT OF QUALITY ASSURANCE OF THE SELLER: The sulfur
content shall be below 0.6% and the content of debris shall be less than 1%.
Article 4: SUPPLY QUANTITY REQUIREMENT: The monthly supply shall be kept in
balance.
Article 5: STANDARD FOR REASONABLE WEAR AND TEAR AND COMPUTING MODE: The
quantity shall be based on the weighing slip on the scale at the factory, and
any losses shall be responsible for the Seller itself.
Article 6: MEANS AND PLACE OF DELIVERY: The Buyer's coal stock.
Article 7: MODE OF TRANSPORAT AND DESTINATION AND COST ALLOCATION: The Seller
shall be responsible for unloading and other expenses.
Article 8: STANDARD, METHOD, and PLACE AND TIME LIMIT OF INSPECTION: The check
and acceptance will be done by the Buyer; If there is any objection, it will be
put forward within two days.
Article 9: METHOD, TIME AND PLACE OF PAYMENT: Cash on Delivery and the payment
shall be done on a weekly basis upon the weighing slip.
Article 10: METHOD OF SETTLING THE DISPUTE OVER THE CONTRACT:
IN THE PERFORMING OF THIS CONTRACT, IF ANY DISPUTE ARISES, THE TWO PARTIES SHALL
SETTLE IT THROUGH FRIENDLY DISCUSSIONS; THE DISPUTE CAN ALSO BE MEDIATED BY THE
LOCAL INDUSTRIAL AND COMMERICAL ADMINISTRATION; IF NO SETTLEMENT COMES FROM THE
DISCUSSIONS OR MEDIATATIONS, THE DISPUTE SHALL BE SETTLED BY LAWSUITS THROUGH
THE PEOPLE'S COURT.
Article 11: THIS CONTRACT SHALL BECOME EFFECTIVE after having been officially
signed by the two parities.
THE SELLER: THE BUYER:
Feicheng Longxin Materials Storage &
Transportation Co., Ltd Shandong Shengda Chemical Co., Ltd
/s/ Xxxx Xxx boa /s/ Chen Zhongzhi
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AUTHORISED SIGNATURE AUTHORISED SIGNATURE
