Rev Moa Trading of Silica Sand

MEMORANDUM OF AGREEMENT of TRADING SILICA SAND
Number : ___/LMOA-____/-Ag/ I /2021

On (day) ..., (date) ..., January, 2021 located in Jakarta, We undersigned :
Name : _____________________
Corporate : _______________________________________
Occupation : __________________________________________________
Address : __________________________________________________
_____________________
(in this case acted for and on behalf of the individual and the company, furthermore in this
agreement reffered as the FIRST PARTY / BUYER)
Name : _____________________
Corporate : _______________________________________
Occupation : __________________________________________________
Address : __________________________________________________
_____________________
(in this case acted for and on behalf of the individual and the company, furthermore in this
agreement reffered as the SECOND PARTY / SELLER)
The two parties mentioned above are called the parties who agree to make an agreement
with the terms and conditions as mentioned below:
ARTICLE 1
BASIC OF AGREEMENT
1.1. FIRST PARTY is a party who purpose to buy Silica sand in Indonesia.
1.2. SECOND PARTY is a seller of Silica sand
1.3. FIRST PARTY will provide guarantee for means of payment in the form of SBLC to
the SECOND PARTY for long-term contracts, at least 2 (two) year.
1.4. SECOND PARTY guarantees the availability of Silica sand located in Indonesia
Silica mining ( Kalimantan (Borneo), Lampung, Lingga & Bangka Belitung Island.
ARTICLE 2
IMPLEMENTATION MECHANISM OF SBLC
2.1. FIRST PARTY and SECOND PARTY signed the Memorandum of Agreement
Trading Silica sand.
2.2. SECOND PARTY will give andappointed a Export Quota permit to Silica sand issued
by the relevant minister for the commodity of Silica sand and complete with ther
operational permits, then SECOND PARTY gives an official survey invitation letter to
the FIRST PARTY to visited the location of the Silica ’s sand mine, All costs arising
from the survey charge by the FIRST PARTY.
2.3. After the survey was conducted THE PARTIES are ready to sign a formal
cooperation contract notarized by an official notary from Indonesia appointed by the
SECOND PARTY.
2.4. THE PARTIES prepare everything regarding the transaction documents for the trade
to be carried out.
2.5. FIRST PARTY issues a payment guarantee instrument in the form of SBLC MT760
of 50,000 MT per month x the agreed price.
2.6. The SECOND PARTY will provide a Performance Bond of 2% on the SBLC issued
by the FIRST PARTY.
2.7. After the SBLC states “On and Valid”, the SECOND PARTY will immediately prepare
to produce Silica Washing Plant.
2.8. In a maximum work time of 60 (sixty) calendar days that can distribute Silica Sand to
the Stock Pile and ready to over ships loading Mother Vessel.
2.9. After the first shipment is completed, the FIRST PARTY will pay softly for the
purchase of Silica sand, namely via TT per shipment with sceme is 40% while first
vessel complete loading, 25% second vessel Ready to loading, 25% second vessel
complete loading and 10% will be paid before un loading silica sand, and so on until
the contract is completed.
ARTICLE 3
ADDENDUM
3.1. Matters that have not been listed in the Memorandum of Agreement (MoA) of this
Silica sand Trade Cooperation or which have not been regulated in detail, will be
regulated and determined based on deliberation in the Sales Purchase Agreement
by the PARTIES which is part of the inseparable from this Memorandum of
Agreement (MoA) of the Silica sand Trade Cooperation.
3.2. Changes or additions to clauses to this agreement or to the provisions of this
agreement, can only be made and and carried out based on a mutual agreement
between the PARTIES as outlined in one or more written documents (addendum)
signed by the PARTIES and is an integral part of the agreement made previous.
ARTICLE 4
CONFLICT
Any conflict should be discussed amicably to solve the problem. When the conflict is not
resolved, it will be referred to the International Court of Justice or the Indonesian Court.
ARTICLE 5
CONFIDENTIALITY
All International disclosure and non-circumvention rules and conditions will apply to all
parties to this agreement, and bind all parties, including employees, and other third
parties, in accordance with International Trade provisions relating to the non-disclosure
and non-circumvention guidelines. This confidentiality clause applies to all extensions,
updates, and roll-over between the two parties either directly or indirectly.
FINAL 6
Thus the MoA of this agreement is made in 2 (two) copies and signed on paper with
sufficient duty stamp, as a reference for each party and has the same legal force.
FIRST PARTY SECOND PARTY

BUYER SELLER
(…….………………………….) (………….……………………….)
WITNESS I : WITNESS II :

Rev Moa Trading of Silica Sand

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MEMORANDUM OF AGREEMENT of TRADING SILICA SAND

Number : _/LMOA-__/-Ag/ I /2021

FIRST PARTY SECOND PARTY

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