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1、_页 1SALES &am; URCHASE CONTRACT FOR NIGERIAN BONNY LIGHT CRUDE OIL OF STANDARD EXORT GRADE QUALITY CONTRACT NO: BLCO/JMNNC-JV/CHINA/MLLCSELLERS CODE: JUFU731 BUYERS CODE: LCSH/CIF74MBLCOQUANTITY: Arox 74,000,000 BBLS +/- 10%DELIVERY TERMS: CIF AT RIZHAO IN CHINAThis Agreement is made on this , by an
2、d in between:SELLER: Comany Name: MACOR LLCNigerian Address: Bonny Island-H, Rivers State , NigeriaCountry: NIGERIAOfficer: SCOTT JEFFJDesignation: CEOassort No 043911220Hereinafter referred to as “Seller” ANDBUYER:Comany Name: LONGCHANG ETROCHIMECAL CO,LTDAddress: No, 804/51 TAIING ROAD QINGDAO IN
3、CHINAReg Number:Officer: Dr HE KEZHUDesignation: CEOASSORT NOCONTRACT NO: BLCO/JMNNC-JV/CHINA/MLLCSELLERS CODE: JUFU731 BUYERS CODE: LCSH/CIF74MBLCO Date: MARCH 10TH, 2016_Sellers Initials: age 2 of 18 Buyers Initials: CO-BUYER:Comany Name: SHANDONG SHOUGUANG LUQING ETROCHEMICAL CO,LTDAddress:Reg Nu
4、mber:Officer: Dr Designation: CEOASSORT NOHereinafter referred to as “Buyer” Hereinafter together shall be referred to as “arties” or “arty”CONTENT:I DefinitionsII Scoe of the ContractIII RecitalsIV The roductV QuantityVI QualityVII Measurement &am; SamlesVIII Delivery TermsIX Title and Risk of Loss
5、X Indemnity rice, Credit eriod &am; CurrencyI ayment TermsII Nomination rocedureV Lay-TimeXV Nominations, Shiment &am; Banking rocedureXVI WarrantiesXVII Documents for aymentXVIII Taxes, Duties and ChargesX Force MajeureXX Liability &am; enaltyX Assignment XI Arbitration &am; LegislationXII General
6、rovisionsXV NoticesXXV Amendments and WaiversCONTRACT NO: BLCO/JMNNC-JV/CHINA/MLLCSELLERS CODE: JUFU731 BUYERS CODE: LCSH/CIF74MBLCO Date: MARCH 10TH, 2016_Sellers Initials: age 3 of 18 Buyers Initials: XXVI InsuranceXXVII Banking Coordinates XXVIII Conclusions Declarations and SignaturesXX Legal Ad
7、dresses of the artiesXXX Conclusions, Declaration and SignaturesXX roof of roduct/Cargo InformationXXI Color coies of the assortsDEFINITIONS:Excet where the context otherwise indicates, the following terms shall have the meaning as described to them in this aragrah 1, and shall include lural as well
8、 as singular“Bill of Lading” - The official document, issued at the loading ort after comletion of the loading oerations, stating, among other things, the shis loaded quality, exressed in Cubic Meters (M3) and in Metric Tons (M/T) or barrels (bbls) er the definitions herein This document has to be s
9、igned in original by the shis Master and made out in accordance with the instruction hereinafter secified in the Agreement“CIF” - Strictly as referred to in the interretations defined by INCOTERMS, Edition 2000 with latest amendments“Loading Date“ - The date mutually acceted by both the Seller and t
10、he Buyer as the date on which the nominated international Surveyor Comany has ascertained the quantity and quality of the roduct umed into the Buyers designated vessel“latts” - latts McGraw Hill, London is the organization internationally recognized and acceted who ublish official market rices of et
11、roleum roducts on a daily basis“Execution Date” - The date on which the Seller and the Buyer receive their resective faxed coies of this Agreement, or as may be indicated otherwise in The Agreement“AI/ASTM” - Standards referenced to this Agreement are those in effect as at July 1st 1993 In the event
12、 that such Standards are subsequently revised or modified or new standards are issued, the new revised or modified standards will aly Each arty must advise the other arty to this Agreement, within three (3) days1SCOE OF THE CONTRACT1 The Seller and the Buyer, under cororate authority and resonsibili
13、ty resectively reresent that the Seller is the lawful owner of the commodity, in quantity and quality as hereunder secified, and the Buyer has the full caability to urchase the said commodity2 The Buyer desires to urchase Crude Oil / CIF CHINA (hereinafter called roduct) of Nigeria OriginCONTRACT NO: BLCO/JMNNC-JV/CHINA/MLLCSELLERS CODE: JUFU731 BUYERS CODE: LCSH/CIF74MBLCO Date: MARCH 10TH, 2016_Sellers Initials
