Sales Contract of Finished Oil

Contract No.: 200606143

Seller: Xi’an Baorun Industrial Development Co., Ltd. Place: Xi’an
Buyer: Zibo City Lin Zi Lu Hua Refined Chemicals Co., Ltd. Date: Nov 28, 2006
 
This contract is made by and between the seller and the buyer based on friendly
negotiation and mutual benefits pursuant to Contract Law of P.R.China.
 
 

 

1.  
Product, Quantity, Price and Delivery Time.

 
 
 
Product
 
Quantity(Ton)
 
Price(Yuan/t)
 
Delivery time
 
Type
 
Amount(Yuan)
 
Naphtha
 
2000
 
4350
 
Before Dec 31 ,2006
 
 
8,700,000
 
Total Amount : Eight Million Seven Hundred Thousand Yuan

 

2.  
Manufacturer: Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd. Yanan Refinery

 

3.  
Quality Requirement and Technical Index

 
Specific Gravity: 0.70-0.73 (20°C); Dry Point<180; Bromine Point<5.0;
Sulphur<1000
 
Chlorine<3; Copper<10; Arsenic<20.
 

4.  
Delivery Place and Arrival Station.

 
Dongfeng Station, Qilu Petrochemical Co., Ltd. special railway; or
 
Lanshan Station, Shandong Tonghai Dock special railway.
 

5.  
Transportation Manner and Fees.

 
Railway Transportation
 
The Seller bears all of the cost before arrival. The Buyer will pay the fees
after arrival. The coming back cost of vehicle will be born by the Seller.
 

6.  
Acceptance Criteria.

 
Using the data offered by the refinery.
 

7.  
Payment Term, Time and Means.

7.1  
Payment Term: Delivery after payment;

7.2  
Payment Means: Cash (with invoices for VAT and transportation fees).

 
 
 
 

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8.  
Miscellaneous

8.1  
The Seller will send commodity value-added tax and transportation invoices to
the buyer at the end of that month.

8.2  
If the oil refinery changes the price, the two parties will negotiate otherwise.

 

9.  
Disputes

This contract will come into effect upon signing by the two parties hereto. In
case of any dispute, the two parties should go to the court in the place where
the non-breaching party is located.
 

 
Seller
 
Buyer
Company Name
Xi’an Baorun Industrial Development Co., Ltd.
Company Name
Zibo City Lin Zi Lu Hua Refined Chemicals Co., Ltd.
Address
 
Dongxin Century Square # 7 Huoju Rd Xi'an, Shaanxi
 
Address
 
Legal Person
 
(Seal of Sales Company of Shaanxi Yanchang Petroleum OiløGroup÷Co., Ltd.)
Legal Person
 
(Seal of Xi’an Baorun Industrial Development Co., Ltd.)
 
Authorized Person
 
Shi Chengzhou
 
Authorized Person
 
Yu Jiandan
 
Opening Bank
 
East District Branch of China Everbright Bank
 
Opening Bank
 
East District Branch of China Everbright Bank
 
Account #
 
087859120100302067154
 
Account #
 
 
Telephone
 
86-029-82683629
 
Telephone
 

 
 

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