Sales Contract Template for Ready Made Garment Factory

SALES CONTRACT

                                                                                        CONTRACT No.: SSPR/02/12-15

                                                                                                                                                 DATE: 30.06.2019

AS AGREED BETWEEN BOTH THE PARTIES M/S.RAAA INTERNATIONAL,INDIA, BENEFICIARY (hereinafter referred to ‘PRINCIPAL’) AND AUTO FASHIONS LIMITED, BANGLADESH, MANUFACTURER AND AGENT (hereinafter referred to ‘VENDOR’) ARE HEREBY AGREED TO CONTRACT FOR JOB WORKING (CMT–CUTTING/MAKING/TRIMMING) TO MANUFACTURE READYMADE GARMENTS FOR THE PRINCIPAL UNDER THE FOLLOWING TERMS & CONDITIONS.

A. NAME OF BENEFICIARY : RAAA INTERNATIONAL
      INDIA
       
       
B.   BENEFICIARY’S BANK DETAILS : INDUSIND BANK LTD. KOLKATA BRANCH,  
C. NAME OF ULTIMATE BUYER : ZARA. SWITZERLAND
       
D. NAME OF SUB CONTRACTOR-CUM : AUTO FASHIONS LIMITED
  AGENT   DHAKA, BANGLADESH
       
       
       
E. SUB CONTRACTOR’S BANK DETAILS : ISLAMI BANK BANGLADESH LTD
      LOCAL OFFICE, MOTIJHEEL C/A,
      DHAKA, BANGLADESH
      SWIFT : IBBLBFFDDH102 ACCOUNT No. CA-9555363  
F. FINAL PRODUCT :  16222900 PCS MEN’S L/S SHIRT
       
G. TOTAL VALUE ( CMT ) (As per attached sheet) : USD 225558,397.50  
  H.     SHIPMENT DATE (As per attached sheet)   :   SHIPPED ON BOARD: EXPIRY DATE:  
I. MODE OF SHIPMENT : BY SEA, CHITTAGONG, BANGLADESH
       
J. PORT OF DISCHARGE : AS PER ULTIMATE BUYER’S LC.
K. MODE OF PAYMENT : BY T/T THRU BANK

                    Seal & Sign                                                                                      Seal & Sign

FOR AND ON BEHALF OF VENDOR                                         FOR AND ON BEHALF OF PRINCIPAL

      Contd… 2…

       
  L.   REQUIRED DOCUMENTS:    
  ORIGINAL 3/3 + NN COPY OF BILL OF LADING TO BE ISSUED BY THE BUYER NOMINATED FORWARDER  
M. DECLARATION:  
   
I) GARMENTS TO BE MANUFACTURED BY THE ‘VENDOR’ AT THEIR FACILITY FROM FABRICS SUPPLIED TO THEM ON FOC BASIS BY THE ‘PRINCIPAL’ PART FROM CHINA/INDIA ALONGWITH CERTAIN ACCESSORIES PART FROM HONGKONG/CHINA/INDIA ALSO ON FOC BASIS. GARMENTS TO BE MANUFACTURED STRICTLY IN CONFORMITY WITH SAMPLES APPROVED BY OVERSEAS GARMENT BUYER.  
II) ‘VENDORS’ AGREES TO INSPECT FULL QUANTITY OF ALL RAW MATERIAL SUPPLIED TO THEM ON FOC BASIS BY ‘PRINCIPAL’ WITHIN 3 (THREE) DAYS OF RECEIPT OF GOODS & FURNISH INVENTORY & QUALITY REPORT TO THEM BEFORE CONSUMPTION OF RAW MATERIAL.  
III) ‘VENDOR’ WILL ALLOW THE ‘PRINCIPAL’ OR ANY THIRD PARTY, APPROVED BY THE ‘PRINCIPAL’ TO INSPECT THE GOODS AT THEIR FACTORY DURING ALL WORKING HOURS TO CHECK THE QUALITY/QUANTITY OF GARMENTS FOR ACCEPTANCE OF COLLECTION OR REJECTION AS THE CASE MAY BE.  
1V) ‘VENDOR’ IS AGREED TO COMPENSATE TO THE ‘PRINCIPAL’, THE COST OF RAW MATERIALS AND PAY DUTIES, TAXES, PENALTIES, IF ANY IMPOSED BY THE GOVERNMENT AGAINST INCOMPLETION OF EXPORT DUE TO LOSS AND OR DAMAGE AND OR THEFT CAUSED WHILE IN THEIR CUSTODY.  
V) ‘VENDOR’ SHALL NOT GIVE/TRANSFER THE JOB TO ANY OTHER PARTY UNDER ANY CIRCUMSTANCES.  
VI) ‘VEDOR’ MUST SEND ALL POST SHIPMENT DOCUMENTS TO THE ‘PRINCIPAL’ WITHIN 5 (FIVE) DAYS AFTER SHIPMENT.  
VII) GARMENTS TO BE SHIPPED FROM CHITTAGONG/DHAKA, BANGLADESH BY ‘VENDOR’ TO THE ULTIMATE BUYER ON BEHALF OF THE ‘PRINCIPAL’.    

                    Seal & Sign                                                                                      Seal & Sign

FOR AND ON BEHALF OF VENDOR                                         FOR AND ON BEHALF OF PRINCIPAL

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