1.2 "Consideration" means the sum upon signing by “BUYER” of the particular “SELLER” Performa invoice(s).
1.3 "Payment"
means upon firm confirmation with signing of the “SELLER” Performa invoice(s)by the “BUYER”. After receiving firm confirmation of shipment date given by the “SELLER” in writing or email. All payment (funds) must be in US Dollars.
All financial transaction must be completed within 05 ( five) international banking days to the bank of “SELLER” before shipment delivery of the vehicles in “SELLER” favor through with confirmed by a first class international bank. All banking costs outside buyer destination are at “SELLER” charge, including confirmation, reimbursement and notify.
Banker Information
Bank Name: LTG Bank in Liechtenstein AG
Bank Address:Herrengasse 12, FL-9490Vaduz/Liechtenstein
Account Name:Juergen Krahe
Account Number: 0109602 AE
Swift Code: BLFLL12X
2. REPRESENTATION
The headings in this Agreement are inserted for convenience only and shall be ignored in construing this Agreement. Unless the context otherwise requires, words (including words defined herein) denoting the singular number only shall include the plural and vice versa. The words "written" and "in writing" include any means of visible reproduction. References to "Clauses" and "Schedules" are to be construed as references to the clauses of and the schedules to this Agreement. Any reference to a sub-Clause or a paragraph is to a reference to a sub-Clause or paragraph of the Clause in which such reference appears. References to times of day are to PR China time unless otherwise stated.
2. 1 Agreement for Sale
Subject to the terms and conditions of this Agreement, the “SELLER” shall sell, and the “BUYER” shall purchase the USED OR NEW PASSENGER VEHICLES.
2. 2 CONSIDERATION
The Consideration for the sale by the “SELLER” of the USED OR NEW PASSENGER VEHICLES shall be the sum of signing by the “BUYER” of the particularly “SELLER” Performa invoice(s)
3. Payment
The Consideration for the sale by the “SELLER” of the USED OR NEW PASSENGER VEHICLES, buyer shall be paid by the “SELLER” 100% by Bank telegram transfer or electronic bank transfer