Contract No.:XXX

Sales and Purchase ContractFOR

 Manganese Ore

This contract is made and entered into onXX, Feb2008under terms and conditions as per the international chamber of commerce-600 (ICC UCP-600/2007revision) by and between:

The Buyer:

Address:

Tel:

The Seller :

Address:

Tel:

Whereby seller agrees to sell to buyer and Buyer agrees to buy from seller Manganese Ore under following the terms and conditions stipulated below:

Article1Commodity

Concentrated  manganese Ore

Article2Specifications

 

Concentrated  Manganese Ore

Size: 0-5mm (90% min)

% Mn min.       %

% Fe max.      %

% Silica ( SiO2) max.      %

% Aluminum ( Al ) max.      %

% S max.      %

% P max.      %

Moisture max.     7%

Article3Quantity:

500 MT, partial shipment not allowed.

Article4Origin and Port of loading
Republic of ABC

Loading port:

Article5Packing/Delivery

In50 kg sack

Incontainer Shipment, more or less20 tons.

Article6  Shipment/Delivery

500MT( /-5%)partial shipment not allowed

Shipment will be90 days after signing of this contract and after the acceptance of the Letter of Credit by seller’s bank. L/C will be openedafter BuyerreceivingProforma Invoice from Sellerwith confirmation of the delivery schedule.

The Buyer has the right to appoint the independent surveyor or his representative to conduct the Pre-shipment Inspection and/or conduct the joint-inspection of the material with buyer for his own account.

 

Article7Contracted Price and Values

Price:Mn:48% and above - /%/DMTCFRCY Port, China

        40% - %  - USD /%/DMTCFRCY Port, China

 

The Mn content will be average of the joint-inspection testing result at loading port.

 

Article8Payment

Payment shall be effected in full by an irrevocable Letter of Credit, which will be opened by1stclass bank in Hong Kong or Singapore,100% at sight upon presentation of shipping documents.

A. Seller’s Banking Details:

Bank Name        :                               

Bank Address     :   

Account Name     : 
. CODE SWIFT    :

B. Buyer’s bank issues L/C to the Seller"s bank via . wire transfer.

Buyer’s Banking Details:

Bank Name                 : (will be advised)

Bank Address    :                                     

Account Name:    

. Address SWIFT   :  

Article10 Inspection of Analysis & Weight

The shipmentinspection and analysis shall be done byCCICappointed by the Seller and one independent surveyor (.: SGS or Geo-Chem, etc) appointed by the buyeras agreed by both parties at site before loading to container. While final weightand qualitydetermination shall be done atloadingportby the above content shall be deducted from the total weight shipped.

 

Article11Documents

Seller shall present the following documents to the buyer:

A.    Signed Commercial Invoice for100% of the total cargo value indicating, quantity, unit price and the total Amount of Value of the delivered commodity ,1original and3copies.

B.    Certificates of quantity, quality and weight issued byCCICand one independent surveyor appointed by the buyer.

C.   Certificate of Origin issued by ABC Department Of Trade or concerned Government authorities, I original and2copies.

D.   Weight List, showing total weight ,1original and3copies.

E.    Bill of Lading,3original copies and3non-negotiable copies.

Article12Force Majeure

The Seller shall not be responsible for the delay of shipment or non-delivery of the goods due to Force Majeureunder UCP600. The seller shall advise the buyer immediately of the occurrence mentioned above and within3days thereafter the seller shall send a notice by courier to the buyer of their acceptance of a certificate of the accident issued by the local chamber of commerce under whose jurisdiction the accident occurs as evidence thereof. Under such circumstances the seller , however, are still under obligation to take all necessary measures to hasten the delivery of the goods. In case the accident lasts for more than60 days the buyer shall have the right to cancel the Contract.

Article13Arbitration

All disputes arising out of or in connection with this Contract shall be finally resolved by arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce (UCP-600/2007or Uniform Customs and Practice for Documentary Credits) by one or more arbitrators appointed in accordance with the said rules. The arbitration shall be conducted in ABCbythe English language.

Buyer                                                                 Seller

(Authorized signature/seal)                             (Authorized signature/seal)

ANNEX1-------International Chamber of Commercepublished copy of theUniform Customs and Practice for Documentary Credits-600/2007. A copy of the publication is attached to the CONTRACT FOR SALES AND PURCHASE OF PHILIPPINE MANGANESE ORE signed by and between_____________and _________________ dated ________________.