Soybeans Commodity Sales Agreement
Commodity: Non-GMO Yellow Soybeans, Grade US No. 2
Packaging: 50 kg woven PP bags – 25 MT (1 × 40 ft HC container)
Price: USD 520.50 / MT
Total Contract Value: USD 13 012.50 (Twenty-Five Metric Tons)
Parties
Role | Details |
---|---|
Seller | Skyocean International Trading LLC PO Box 987, Industrial Zone, New York, USA Tel: +1 999 000 0000 Email: [email protected] Representative: Sebastian Gonzalez, CEO |
Buyer | [Fictitious Ghana SME Ltd.] Plot 12 Business Park, Accra, Ghana Tel: +233 000 000 000 Email: [email protected] Representative: [Name], Director |
1. Product Quality Specifications
Parameter | Specification |
---|---|
Moisture | ≤ 13 % |
Protein | ≥ 34 % |
Oil Content | ≥ 18 % |
Foreign Matter | ≤ 2 % |
Broken Kernels | ≤ 3.5 % |
Certification | Non-GMO, USDA Organic |
Product shall be clean, sound, merchantable and fit for human consumption, free from live insects, molds, or harmful substances.
2. Incoterm & Destination
• Incoterm: CIF INCOTERMS 2020
• Port of Discharge: Tema Port, Ghana
• Container consigned to: Skyocean International Limited, Tema, Ghana. Transfer of title occurs upon full payment.
3. Quantity & Delivery Schedule
One (1) 40-foot High-Cube container containing 25 metric tons of bagged soybeans.
Shipment to depart within 30 days of receipt of operative payment instrument.
4. Price & Payment Terms
• Unit Price: USD 520.50 / MT
• Total Contract Value: USD 13 012.50 CIF Tema, Ghana
• Payment Method: CAD – Cash Against Documents.
The Buyer’s bank shall remit 100 % of the invoice amount within ten (10) calendar days of presentation of the complete set of shipping documents (see §6) to the Buyer’s bank. Failure to remit payment within this period forfeits the Buyer’s priority to the cargo; the Seller may immediately market the goods on a first-come, first-serve basis.
5. Banking Details (Seller – For Reference Only)
Bank Name: Ghana Commerce Bank Ltd.
Bank Address: 12 Independence Avenue, Accra, Ghana
SWIFT Code: GCBLGHACXXX
Account Name: Skyocean International Limited – Ghana
Account No.: 123456789001
(Sample banking information – non-operational)
6. Shipping Documents
- Commercial Invoice – 3 originals / 3 copies
- Clean On-Board Ocean Bill of Lading (consigned to Skyocean International Limited) – 3 originals / 3 copies
- Certificate of Quality, Quantity & Weight issued by SGS (or equivalent)
- Certificate of Origin
- Phytosanitary Certificate
- Non-GMO Certificate
- Insurance Certificate (110 % of CIF value)
7. Title & Risk Transfer
Risk transfers from Seller to Buyer when the container crosses the ship’s rail at the Port of Loading. Title transfers upon confirmation of full payment in Seller’s account.
8. Force Majeure
Neither party shall be liable for failure to perform due to events beyond reasonable control, including acts of God, war, or port closures. The affected party must notify the other within 5 days of such event.
9. Arbitration & Governing Law
Any dispute not settled amicably within 30 days shall be referred to arbitration under the rules of the Ghana Arbitration Centre (GAC), Accra.
Governing law: Republic of Ghana.
10. Non-Circumvention & Confidentiality
Both parties agree to the ICC rules on non-circumvention and non-disclosure in perpetuity from the date of execution.
11. Signatures
Seller | Buyer |
---|---|
Skyocean International Limited | [Buyer Name] |
Sebastian Gonzalez, CEO | [Buyer Representative] |
Date: / / 2024 | Date: / / 2024 |
End of Agreement