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TERMS AND CONDITIONS FOR CONTRACT OF SALE

Christopher Igirikpa Nigeria Limited (“Seller”) has agreed to sell and deliver, and ………………………………………………………………. (“Customer”) has agreed to purchase and receive, the product(s) identified below (“Product”) in the quantity and at the terms and price specified below;

Quantity:-………………………………………………………………..

Product Type:-…………………………………………………………..

Cost Per Litre:-………………………………………………………….

Payment Period:-………………………………………………………..

 CONTRACT TERMS:

WHEREAS, (i) Seller is a supplier of refined Petroleum to refined Petroleum end users, (ii) Customer desires to purchase refined Petroleum from Seller, and (iii) Seller desires to sell refined Petroleum to Customer;

NOW, THEREFORE, in consideration of the foregoing, and all of the promises and agreements set forth herein, which the parties hereto each acknowledge are adequate and sufficient, Seller and Customer do hereby agree:

Basic Terms: Seller hereby agrees to sell and deliver, and Customer hereby agrees to buy and receive, the refined Petroleum product identified above and incorporated herein (the “Product”) in the quantity, at the price and during the time frame specified above.

 Customer agrees that any and all taxes, duties, fees, surcharges and/or other similar charges, now or hereafter imposed by any federal, state and/or local governmental unit upon, measured by, or incident to, the sale and/or transfer of the Product that is sold by Seller to Customer hereunder (“Taxes”), shall be the sole liability and responsibility of Customer, and in the event that Seller is ever obligated to pay any such Taxes, Customer shall promptly reimburse Seller for all such Taxes paid by Seller.

 Unless Seller has extended a credit line to Customer, Customer shall pay, at Seller’s sole option, cash in advance or cash at time of delivery. Seller shall deliver to Customer invoices for the Product sold and delivered pursuant to this Agreement, and such invoices shall be due for payment according to terms established for Customer as indicated on each invoice. Any amounts on such invoices that are not paid will be considered overdue, and finance charges will be assessed on such overdue amounts at 10%per month on the amount due and unpaid; effective from the date of delivery.

Warranties and Disclaimer. Seller warrants that it will convey good title to the Product sold and delivered hereunder, and that all such Product shall be in compliance with the specifications, if any, referred to above. The foregoing warranties are exclusive of all other warranties, whether written, oral or implied, and except for the foregoing, SELLER MAKES NO WARRANTIES OF ANY KIND AS TO THE PRODUCT DELIVERED TO CUSTOMER UNDER TERMS OF THIS AGREEMENT, EXPRESS AND/OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE.

Limitation of Liability. Customer specifically agrees that, except as specifically provided for in applicable law, Customer’s exclusive remedy for any and all losses or damages that are, in any way, caused by, or arise or result from, Seller’s sale and delivery of the Product, and/or activities associated with such sale and delivery of the Product including, but not limited to, any claim of breach of warranty, breach of contract, negligence and/or strict liability, shall be limited to the replacement value of the specific Product for which such a claim for losses and/or damages is proved. UNDER NO CIRCUMSTANCES SHALL SELLER BE LIABLE TO CUSTOMER FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE AND/OR EXEMPLARY DAMAGES.

Force Majeure. Neither party to this Agreement shall be liable to the other party hereto for any loss or damage resulting from any delay or failure to make or accept deliveries caused by or arising out of acts of God or the elements, storms, wars, acts of terrorism, governmental proration or regulation, when raw materials or supplies are interrupted, unavailable, or in short supply, and/or any other cause beyond such party’s commercially reasonable control. Customer specifically agrees that nothing contained in this Section 6 shall ever be construed to relieve Customer of its obligations to promptly pay Seller in full for Product delivered to it, or to pay any other monetary obligations of Customer herein.

Modification and Waiver. Any of the terms of this Agreement may be waived in writing by the party which is entitled to the benefit thereof; provided, however, that the failure of a party to exercise any right given it hereunder, or to insist on strict compliance with all the terms herein, shall not constitute a waiver of any term, condition, or right under this Agreement, unless and until that party shall have confirmed any such action or inaction to be a waiver in writing.

This Agreement may not be assigned or transferred by Customer. The Product to be sold pursuant to this Agreement is for use only in Customer’s operations.

 This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original, and all of which shall constitute one and the same Agreement.

Law and Jurisdiction: These terms and conditions and the agreement governed by them shall be governed by Nigeria law. Any dispute that cannot be resolved by the both parties, relevant to or in relation hereto shall be referred to the jurisdiction of a competent Court. However, nothing in the clause shall preclude or prevent the Supplier in the event of a breach of this Agreement by the Buyer from taking any such actions for the purpose of securing and/or enforcing its rights here under, before any other Court or Tribunal of any other country or state, including (but without limitation) to enforce its maritime lien rights, arrest the truck, cause her sale by auction or Court Order, etc.

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the date first above written.

Signed by: Management

Christopher Igirikpa Ltd