DATE : 12 December 2014
AGENCY AGREEMENT
Between
SEAROAD JSC
No.32, Lane 42, Alley 66 Ngoc Lam Str,Ngoc Lam Ward,
Long Bien District - Hanoi, Vietnam (Here in after referred to as “SEAROAD JSC”)
and
HANDLE INTER FREIGHT LOGISTICS CO., LTD.
…..
Thailand (hereinafter referred to as “HANDLE INTER FREIGHT LOGISTICS”)
This agency agreement is entered into as of 12 Dec 2014 between the parties defined below:
1. THE PARTIES OF THIS AGREEMENT ARE DEFINDED AS FOLLOWS:
a. “SEAROAD JSC”, with its principal office in VIETNAM.
b. “HANDLE INTER FREIGHT LOGISTICS”, with its principal office in Thailand standing for and incorporating its offices in the country of Thailand.
2. THE PURPOSE OF THIS AGREEMENT
To jointly develop the freight forwarding business by all modes of transport between VIETNAM and THAILAND for all shipments.
3. SCOPE OF WORK / REPONSIBILITY
a) Both parties will provide each other with its network of own, operational offices, which are included in this agency agreement.
b) Both parties hereby appoint each other as non-exclusive agent in each other’s territory.
c) Both parties will provide each other with its best possible net/net rates for transportation and related services on demand.
d) Both parties will ensure professional and economical handling of business introduces by each other.
e) Both parties will support each other in sales, supervision and operations of surface and airfreight forwarding services as well as proper maintenance of business relation with Customers, Carriers, Governmental, Public Authorities, etc.
f) Both parties shall provide all necessary services related to import, export shipments, such as customs formalities, discharge, storage, on-carriage delivery, transit handling, re-forwarding to other destinations, collection of freight charges, etc.
g) Both parties shall consign shipments to each other.
h) The receiving party or its appointed broker will process goods for customs clearance and will take care of customs clearance where applicable and required.
i) The parties shall observe their market legislation and administrative practices and shall inform each other about all changes, amendments and other facts, which could be relevant in connection with this contract.
4. PROFIT – SHARING, HANDLING FEE
a) Gross profits or handling fee on business introduced by one party to the other or canvassed by either party with the full assistance of the other party will be shared on a specific level which will be agreed on case by case basic
b) Both parties will cover their own communication, travel, advertising and marketing costs.
c) Advertising each other name and services is subject to prior agreement by the respective party.
5. PAYMENT TERMS
a) Both parties agree that payment of all outstanding invoices will be before telex release the shipment. The settling party shall make payments of outstanding invoices in USD currency. Both parties agree that the submitted statements will be settled in full and offsetting will be allowed, unless mutually agreed in writing.
b) Payment to be made by TTR after having all below documents:
• AA signed & stamp by both parties
• Copy of MBL
• Copy of HBL
• Signed and stamped debit note
c) All remittances shall be accompanied by a respective reconciliation, listing in detail all invoices by number and amount, forming part of such remittance.
6. DURATION
a) The agreement becomes effective from 12 Dec, 2014 and is valid for all shipment.This agreement will terminate immediately without notice when shipment completed.
b) Should this Agreement be terminated for any reason, neither party is released from the commitments and obligations under this Agreement to settle any accounts rightfully owed to the other party.
7. CONFIDENTIALITY
a) Both parties agree to keep all information secure and confidential during the course of their relationship and for any and all subsequent projects and not to share same with any third party. Both parties can include such and or additional information as an annex to this agreement.
IN WITNESS HEREAFTER : Both parties have agreed to all terms of this Agreement which is issued in duplicate in English on 12 Dec 2014.
For and on behalf of
SEAROAD JOINT STOCK COMPANY
For and on behalf of
HANDLE INTER FREIGHT LOGISTICS CO., LTD.
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