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no. 4816 7695 7054 having its office at 11 Anna Nagar Edayar palamyam
Coimbatore as the party of the 1st part ( which expression shall include the
the 2nd part ( which expression shall include the heirs assignees and power of
attorney agents)
Whereas the 1st party has obtained scrap iron materials based on
tender based action from the Malabar Cements Ltd Palakkad Kerala, vide
on as is where is basis. The second party is desirous of lifting the said items of
scrap from the yard at Malabar cements ltd Palakkad as purchase at the rate of
Rs. 16.50 per kilogram . The first party has satisfied the second party of the
possession of the material and the second party has expressed the satisfaction
after having physically seen the sam of the ownership right and possession of
the second party has paid a sum of Rs 60,00,000/ ( rupees sixty lakhs only)
as advance amount to the first party towards part of the total sale
The first party shall afford the second party the necessary clearances for
vehicular passage from the precincts of the Malabar cements yard. The 1st party
shall prepare invoices in the name of parties as suggested by the second party
and the second party will counter sign each and every invoice for every lot or
The second party shall remit the balance sale consideration either in
The first party shall be responsible for paying the GST .The second party
The second party shall make the payments to the first party within the
The parties agree that the unperformed part of contract for sale can be
The second party shall be liable for any demurrage that may be charged
by the Malabar cements ltd for no lifting or clearing the material scrap.
In case of any dispute with regard to this agreement the same shall be
decided according to the Arbitration and conciliation Act 1996 and the
In witness whereof the parties hereto have set their hands on this agreement on