1. The purchaser intends
to purchase steel coils in an amount of approximately 80,000 metric tons in the year of 2015 from the supplier and the main products
are hot rolled coils.
2. The purchaser shall
inform the supplier details of order in advance and enter into supplemental contracts. The specifications of products should be
set forth in the supplemental contracts.
3. Payment: prepayment
by the purchaser
1. The tonnage mentioned
above is an estimated amount;
2. No delivery is required
for remaining amount of products not enough for one car;
3. Notice by facsimile
4. Thickness variation:
Lower variation 0.22mm, width variation: positive variation 0-3;
5. Packaging standard:
the supply and recycling of the packaging materials shall be determined by the supplier;
6. Acceptance and claim
period: acceptance is subject to product specifications set forth in monthly contracts. The purchaser shall notify the supplier
about any issue of the products in writing within two months of delivery.
7. Other terms or unspecified
provisions shall be set forth through negotiations between parties;
8. The supplier is not
liable for the failure to timely deliver the products due to reasons of maintenance or limitation of transportation capacity. Parties
shall mutually determine a new delivery time.
9. The disputes shall
be submitted to the jurisdiction of the court where the supplier is located.