COMMERCIAL AGREEMENT FOR FISH PROCESSING AND TRADING

 

COMMERCIAL AGREEMENT FOR FISH PROCESSING AND TRADING

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This Agreement is made on this [___] day of [Month], [Year],

Between:

[Supplier/Processor Name],
Registered Address: [Address],
Contact: [Phone, Email],
(Hereinafter referred to as the “Supplier”)

AND

[Buyer/Trader Name],
Registered Address: [Address],
Contact: [Phone, Email],
(Hereinafter referred to as the “Buyer”)

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1. Scope of Agreement

The Supplier agrees to process and supply fish products to the Buyer, and the Buyer agrees to purchase the said fish products on the terms and conditions set out in this Agreement.

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2. Products

The fish products covered under this Agreement include but are not limited to:

• [Specify fish species: e.g., frozen shrimp, mackerel, tuna, etc.]

• Product Specifications: [Size, grade, quality, packaging, etc.]

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3. Quantity and Delivery

• Estimated quantity: [e.g., 50 MT/month]

• Delivery schedule: [Monthly / Quarterly / As agreed]

• Delivery terms: [Incoterms - FOB, CIF, etc.]

• Place of delivery: [Location]

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4. Price and Payment Terms

• Unit price: [Price per kg/MT]

• Total estimated contract value: [Amount in currency]

• Payment terms: [e.g., advance payment, letter of credit, payment on delivery]

• Currency: [e.g., USD, INR]

• Late payment: [Interest or penalty terms]

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5. Quality Assurance and Inspection

• Supplier warrants that products comply with applicable food safety standards, including [FSSAI, HACCP, MPEDA, EIC certificates, etc.]

• Inspection rights: Buyer may inspect products at Supplier’s premises or upon delivery

• Rejection: Products not meeting agreed quality standards may be rejected or replaced

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6. Packaging and Labelling

• Packaging specifications: [Material, size, weight]

• Labelling requirements: [Include details to comply with import country regulations]

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7. Risk and Title

• Risk passes to Buyer upon [Shipment / Delivery / Other agreed point]

• Title passes to Buyer upon [Payment / Delivery]

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8. Force Majeure

Neither party shall be liable for failure to perform due to causes beyond their reasonable control, such as natural disasters, strikes, government restrictions, etc.

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9. Term and Termination

• Term: This Agreement shall commence on [Start Date] and continue until [End Date / Completion of delivery]

• Termination: Either party may terminate with [30/60 days] written notice or immediately in case of material breach

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10. Confidentiality

Both parties agree to keep the terms and information related to this Agreement confidential, except as required by law.

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11. Dispute Resolution

• Governing Law: [Specify jurisdiction]

• Any disputes arising shall be resolved amicably; failing which, they shall be referred to arbitration under [specify rules and place].

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12. Miscellaneous

• Amendments to this Agreement must be in writing and signed by both parties.

• This Agreement constitutes the entire agreement between the parties.

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Signatures

For Supplier:

Name: ____________________
Designation: _______________
Signature: _________________
Date: _____________________

For Buyer:

Name: ____________________
Designation: _______________
Signature: _________________
Date: _____________________