CONTRACT
NO.QR09-01-10
Contract No:
Date:
The Buyer: NINGBO BIRD CO., LTD.
Add: No.99 Chengshan Road Fenghua City, Zhejiang, China
Tel: 86-574-88918833 Fax: 86-574-88927244
The Seller:
Add:
Tel: Fax:
This Contract is made by and between the Buyers and the Sellers: whereby the Buyers agree to buy and Sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below:
1. SHIPMENT:
Time of shipment: Before February 20, 2002. Port of shipment: FRENCH PORT Shipping mark: Port of Destination: NINGBO AIRPORT, CHINA
Transshipment: ALLOWED Partial shipment: ALLOWED
2. PACKING: IN EXPORT STANDARD PACKING
3. INSURANCE: to be effected by the Seller.
4. PAYMENT
By T/T After Delivery.
SG2002020801
NINGBO, CHINA
5. ARBITRATION
(1). The parties will make their best effort to settle amicably any dispute or claim
arising in connection with the contract. Any dispute which cannot be resolved amicably shall be finally settled by arbitration in accordance with the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce by three arbitrators, the chairman of the arbitration panel shall not be the same nationality than that of the parties.
(2). The proceedings must be conducted in English and all arbitrators shall be
conversant in and have a thorough command of the English language. Daily transcript will be provided in English of all proceedings.
(3). The place of arbitration shall be determined by the arbitration panel.
(4). The arbitration award shall be final and binding of both parties.
(5). The arbitration fee shall be borne by the losing party or in conformity with the
stipulations of the award.
(6). During the courses of arbitration, the Contract shall be continuously
executed except the part which is under arbitration.
(7). The arbitration award can be applied against the losing party wherever it or
its assets are located. The losing party waives its sovereign immunity for this purpose.
The Seller: SAGEM SA The Buyer: NINGBO BIRD CO., LTD.