CONTRACT 174
Zhlobin 26 February 2003
BELFA Ltd., Zhlobin hereinafter referred to as the Seller in the person of Marketing Director on the one part and Kara Slovakia-WT hereinafter referred to as the Buyer on the other part, have concluded the present Contract to the following effect:
1. Subject of the Contract.
The Seller has sold and the Buyer has bought high pile knitted fabric hereinafter referred to as the Goods in quantity 5000m² in assortment of the Seller.
2. Price and total value of the Contract.
The prices of the goods are fixed in USA Dollars. The total value of the Contract is $15000. The total value of the Contract includes the cost of packing and customs formalities.
3. Time and delivery date.
The goods are to be delivered on FOR terms of delivery within seven days of the date of receipt of payment. In the event of the lack of raw materials the Seller has the right to reduce the quantity of the goods to be delivered to the Buyer.
4. Terms of payment.
The goods are to be paid by 100% prepayment on the account of the Seller. The banks fee for transferring funds is at the expense of the Buyer. The date of delivery shall be confirmed after the acceptance of payment to the Sellers account.
5. Force Majeure
None of the parties shall bear responsibility for the complete or partial non performance of any of its obligations if this non performance is caused by such circumstances as flood, fire, earthquake and other natural disasters as well as war, military operations, blockade, actions of State Authorities or any other circumstances beyond the power of the parties.
6. Arbitration.
All disputes that might arise out of the present Contract shall be settled by negotiations. In the case of non-agreement all disputes are subject to be submitted for settlement to the Arbitrary Court of Gomel region of the Republic of Belarus.
:
1. hereinafter referred to as
2. on the one part
3. on the other part
4. to conclude a contract
5. to the following effect ,
6. high pile knitted fabric
7. in assortment
8. total value of the contract
9. customs formalities
10. receipt of payment
11. the lack of raw materials ,
12. banks fee for transferring funds
13. bear responsibility
14. non performance
15. beyond the power of the parties
16. that might arise out of the present Contract
17. State Authorities
18. are subject to be submitted for settlement
