The arbitration clause can be applied in any type of contract, including sales, lease, contract work, loan agreements, etc.
CONTRACT №
LLP “Istina”, hereinafter referred to as the “Supplier”, represented by the director Farayev A.A., acting on the basis of the Charter, on the one hand, and LLP “Stroy-Contract”, hereinafter referred to as the “Customer”, represented by Kelt I.A., acting on the basis of the Charter, on the other hand, have entered into this contract as follows:
1. SUBJECT OF THE CONTRACT
1.1. The Supplier agrees to deliver, by October 10, 2010, and the Customer agrees to accept and pay for the GRAVEL with a fraction of 5-20 mm in the amount of 10,000 m3 according to the schedule specified in this contract.
2. QUALITY AND COMPLETENESS
2.1. The delivered product must meet the quality requirements of ______________.
2.2. The quality of the product must correspond to the quality certificate, which is an integral part of this contract.
3. PRICE AND AMOUNT OF GOODS
3.1. The price of the goods is 15,000,000 (fifteen million) tenge for 10,000 m3. The price per batch is 750,000 (seven hundred fifty thousand) tenge for 500 m3.
3.2. The price of the goods includes the cost of the goods and transportation expenses.
3.3. Price changes for the goods during the term of the contract are not allowed.
4. DELIVERY PROCEDURE
4.1. The delivery of GRAVEL is made by road transport to the destinations specified by the Customer.
4.2. The delivery of the product is carried out in batches of 500 m3.
5. PAYMENT PROCEDURE
5.1. Payment for the goods is made in tenge of the Republic of Kazakhstan, either in cash or by transferring funds to the Supplier’s bank account.
5.2. Payment is made by the Customer within 5 days after the delivery of each batch, upon presentation of an invoice for payment by the Supplier.