Participant № 1, as a contribution to the joint activity, acts as a buyer of Commodities according to the Buyer's Application, draws up on its own behalf the necessary documents for concluding a Supply Agreement with the Seller, pays for the purchase and transportation of Commodities
The documents, including the Order for the purchase of the Goods, the necessary Commodities letters are attached to this Agreement and transferred to Participant №2.
Participant № 2, as a contribution to the joint activity, if necessary, provides consulting services to Participant 1, provides legal support for contracts being developed and adopted, additions to this Agreement, develops regulatory conditions for the sale and supply of, and controls, if necessary, their execution.
As a contribution of the cooperate activity, Participant 2 conducts research work on the Commodities market in accordance with the Buyer's Application, seeks Agents, carrying out intermediary activities, conduct with them and potential Sellers the required volume of Commodities according to the Buyer's Application (LOI).
Participant № 2 can attract agents and intermediaries for search the Commodities and pay for their services separately.
Conducts preliminary negotiations on the conclusion of Commodities Purchase and Sale Agreements in accordance with the Buyer's Application.
As a contribution to cooperate activities, if necessary, participant №2 conducts work on marketing research of the Commodities market in accordance with the Buyer's Application, analyzes the work of Suppliers and Sellers, Buyers and Consumers operating on the market, forms and methods and features of their work, analysis and price dynamics for purchase and sale of Commodities according to the Buyer's Application. Participant №2 as a contribution to the cooperate activity: - searches for Commodities Suppliers in accordance with the Buyer's Application in accordance with the terms and conditions accepted by the Parties; - if necessary, makes to the Supplier commercial offer to Participant 1 indicating the economic parameters of the proposed Commodities : quantity, quality, price, schedules, terms, terms of payment and delivery.
During the period of fulfillment of the terms of this Agreement, Participant №1 and Participant №2 must promptly inform each other on all facts and issues arising and related in one way or another with the proper fulfillment of their obligations for the successful implementation of the main goal of this CA.
Working procedure
If necessary, Participant № 1 issues LOI and POF 1. Participant №2 sends FCO or Contract for study and accept.
This valid CA № 20.04.2023//01 dated 20/04/2023 is strictly confidential and does not share by Participant № 1 to any third party other than the bank.
In a case of successful signing of the main contract, the work is considered completed and payable in accordance with the terms of the CA № 20.04.2023//01 dated 20/04/2023