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PURCHASE CONTRACT
The Sellers: DELING TRADE BV
Address: P. O. Box 100, 3750 GC Bunsten, Holland
The Buyers: DALIAN WEIDA TRADING CO., LTD.
Address: No. 1 Beijing Road, Dalian Development Zone, Dalian, China
Contract No.: CH/99/66.908
Date: Aug. 20, 1999
This contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below:
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COMMODITY AND SPECIFICATIONS:
Demineralized Whey Powder
Unit price: USD940.00/MT CIF Dalian
Quantity: 119MT
Total amount: USD111,860.00
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COUNTRY OF ORIGIN: Finland
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PACKING: 25kg in 4-ply paper sacks with inner polyethylene liner and big bags.
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TIME OF SHIPMENT: No later than Sept. 30, 1999
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PORT OF SHIPMENT: European Main Port
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PORT OF DESTINATION: Dalian, China
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INSURANCE: To be covered by the seller for 110% of invoice value covering All Risks and War Risks as per I.C.C.
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PAYMENT: To be effected by irrevocable letter of credit available by draft(s) at 90 days after B/L date sight for 100% of invoice value drawn by the Sellers.
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INSPECTION: Inspection result of CCIB at destination should be final.
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