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CONTRACT AGREEMENTBETWEENPT. SEKAI LOGISTIK INDONESIAANDPT. ARGA TANGGUH UTAMANo. 008/CA/SLI – ATU/III/2015This Contract Agreement made and signed on Monday, DESEMBER 29, 2014 at Jakarta, between:PT. SEKAI LOGISTIK INDONESIA (SLI), a limited liability company established under the Laws of the Republic of Indonesia domiciled in Jakarta, and having its office at Jalan Raya Boulevard barat Kelapa Gading,Jakarta 14240,Indonisia, in this matter duly represented by Mr. Hans Aditya,in his capacity as President Director, hereinafter refer to as THE FIRST PARTY.PT. ARGA TANGGUH UTAMA, a limited liability company established under the Laws of the Republic of Indonesia domiciled in Jakarta, and having its office at Jalan Logistik No. 10 Pegangsaan 2, Semper Barat - North Jakarta 14260, Indonesia, in this matter duly represented by Mr. Rico Kanda Nainggolan, in his capacity as Chief Operating Officer, hereinafter refer to as THE SECOND PARTY.Now therefore, the first party authorized the second party as the logistic service provider at Indonesia, both parties hereto, with good faith agrees to conclude an agreement with the following terms and conditions:ARTICLE 1PURPOSETHE FIRST PARTY does hereby give work to THE SECOND PARTY for all Import Cargo belongs to WHW KENDAWANGAN PROJECT including customs clearance and inland transportation services from Pontianak anchorage up to site location WHW KENDAWANGAN PROJECT (hereinafter referred to as “Site”). The mode of transportation is break bulk cargo & container cargo.ARTICLE 2SCOPE OF WORKSTHE SECOND PARTY scope of works as follows:Prepare suitable and good condition trailers with total 5 units for inland transport starting jetty up to Job site WHW.Prepare driver & helper with good condition health for working with first party within jetty up to job site WHW Prepare suitable fuel for head truck need along the trip from Jetty to Job site KendawanganPrepare suitable lashing equipment for inland transport.Prepare tarpaulin equipment to covering cargo from rain along the tripCollect WAY BILL as the evidence of transportation from jetty to job site.THE FIRST PARTY scope of works as follows :Prepare container for suitable rest area when the driver is stand by and complete the jobPrepare suitable fresh water for driver & helper needs every single dayPrepare area for parking truck in jetty kendawanganPrepare security equipment transport.Prepare food & drinking water for driver & helper needs every dayAccommodate SECOND PARTY crew change for every 3 (three) monthARTICLE 3CONTRACT PRICE AND CONDITIONSBoth parties agreed the contract price and conditions based monthly basic each trailer Rp. 38.000.000/set trailers/18 trip (driver & helper, lashing equipments are include).For every additional trip after 18 trip in the same month, THE FIRST PARTY are obliged to re-rent trailer unit by trip based conditions in pro-rata rate price.Totally 5 units trailers.All payment shall be done by Telegraphic Transfer.All the scope of work of THE SECOND PARTY are covered by the rates under the contract.ARTICLE 6INVOICING, PAYMENT AND TAXInvoicing by THE SECOND PARTY, and payment by THE FIRST PARTY in per shipment basis as follows:The FIRST PARTY should pay to the SECOND PARTY in advance for “Project Advance Payment” amounting of Rp. 100.000.000.THE SECOND PARTY issue 30% prepaid invoice in advance for all services once received copy BL from THE FIRST PARTY. THE FIRST PARTY shall pay to THE SECOND PARTY by Telegraphic Transfer before Ship arrival at Pontianak anchorage.If 30% advance payment cannot be paid before the ship arrives at anchorage due to THE FIRST PARTY internal payment process and other objective reasons, THE SECOND PARTY may stop working because of this, THE SECOND PARTY shall send enough barges, manpower and equipments to ensure the operation smoothly and avoid seagoing ship demurrage.THE SECOND PARTY issue 70% paid invoice for all services after works completion, proved and completed by Delivery Receipt which signed by THE FIRST PARTY's representative at site. THE FIRST PARTY shall pay to THE SECOND PARTY by Telegraphic Transfer within 2 weeks after received from THE SECOND PARTY.All taxes will be applied and paid as in accordance with the Indonesian Government Existing Rules.THE FIRST PARTY or the third party payment with the way of transfer to THE SECOND PARTY's bank account in the name of, as follows:Account Name : RICO KANDABank Name : PT. BANK NEGARA INDONESIA (PERSERO) Tbk Bank Address : Tanjung Priok branchAccount Number :IDR (indonesian Rupiah) A/C. 0365.588.213ARTICLE 7FORCE MAJEUREForce Majeure is a delay in or partial failure of performance of work to entire party, hereto, shall not constitute default or termination of this agreement, nor to extent such delay or failure which caused by any occurrence that is demonstrate beyond control of both Parties. Force Majeure meant above falls within one and/or more of as follow:Expropriation, confiscation, requisitioning of all or part of the facilities by with any oral or written order, directive or request of any governmental authority or person purporting to act therefore or under such authority which affects to a degree not presently existing the supply, availability or use of materials or laborActs or inaction or part of governmental authority or person purporting to act therefore or under such authorityAct of war or the public enemy whether war is declared or notInsurrection, rebellion, sabotage, or act of terroristsFloods, earthquakes, lightning, hail, severe weather conditions, or other natural calamities, except hindrance in the work due to rain or other day-to-day weather conditionRiots or violence demonstrationStrikes, boycott or job actions, whether direct, lawful or unlawfulIn case of any of the above or more of “FORCE MAJEURE” occurs, THE SECOND PARTY shall provide prove and notify THE FIRST PARTY with evidence by e-mail timely , within 3 (three) days as of the occurrence thereof.ARTICLE 8ARBITRATIONAny dispute, controversy or differences, which may arise between the parties out of or in relation to this contract, shall be amicably settled between the two parties. In the event such amicable settlement can not be achieve within a reasonable time, than all dispute arise from this contract shall be settled in China. Arbitration shall be conducted in English language. This Article shall be deemed as an agreement to Arbitrate under agreement between both parties. The Arbitration Award shall be final and binding upon both parties and may be entered in any competent jurisdiction for enforcement.ARTICLE 9CONTRAC VALIDATION AD TERMINATIONThis Contract effects on signing date by both Parties.This Contract will automatically be terminated if any of the following events happen :Project end as defined under this Contract between EPC Contractor and THE FIRST PARTY.The Contract between EPC Contractor and THE FIRST PARTY is terminated, repudiated or cancelled.Either of the Parties has become insolvent or Bankrupt or has a receiver appointed for its undertaking or assets or goes into liquidation, whether voluntary or otherwise or on proceedings analogous to Bankruptcy or Liquidation proceedings being instituted against either of the Parties.The Parties hereto have reached any new written Contract which replaced or supersedes this Contract.
Both Parties should abide by the Contract and should refrain from revising, cancelling or terminating the Contract without mutual consent.
During the execution of the contract, if THE SECOND PARTY causes significant problems, not fulfill the terms of the contact, or THE FIRST PARTY has the evidence that THE SECOND PARTY can not meet the requirement of the project execution due to its service quality and service attitude, THE FIRST PARTY has the right to select another Indonesian agency unconditionally; the loss of both parties due to the replacement in Indonesia shall be borne by THE SECOND PARTY.
ARTICLE 10
FINAL
this Contract Agreement and its implementation regulated and interpreted by the Laws of the Republic of Indonesia.
all matters not mentioned in this contract shall be further regulated and stipulated with the approval of both Parties mentioned herein, in amicable manner.
all documents involving in both parties’ rights and liabilities such as fax, telex, telegram, letter and e-mail etc, shall become effective after signed and confirmed by the authorized representative of each party if some amendments and complements are needed.
this contract in 2 (two) original copies shall become in full force and in effect since the date it has been duly signed or/and sealed by authorized representatives of both parties.
on behalf of THE FIRST PARTY on behalf of THE SECOND PARTY
PT. SEKAI LOGISTIK INDONESIA PT. ARGA TANGGUH UTAMA
HANS ADITYA RICO KANDA
President Director Chief Operating Officer
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