INTERNATIONAL SUPPLY AGREEMENT
Preamble
This SUPPLY AGREEMENT (herein after the “Contract”) is entered into as of April 30, 2009, by and between the undersigned:
BradiagaKrills Ltd ( hereinafter “ the Seller” or “Bradiaga”), a company organized under the laws of the Russian Federation, whose head office is located at ……………, Murmansk, Russian Federation, represented by Mr. ABC, acting as Chairman of Bradiaga. ON THE ONE HAND And:
Blizzard Ltd (herein after “the Buyer” or “Blizzard”), a company organized under the laws of the United Kingdom, whose head office is located at ………………., Aberdeen, U.K, represented byMr XYZ, acting as Chairman of Blizzard. ON THE OTHER HAND
Each of the the Seller and the Buyer is referred to herein individually as a “Party” and collectively as the “Parties”.
Recitals
WHEREAS the Seller is a major fishing company operating in the Antarctic sea who has expertise in manufacturing frozen seafood;
WHEREAS the Buyer is the main European supplier of sea products to the pharmaceutical and cosmetic industry;
WHEREAS the Seller wishes to sell the Products in European countries via a Highly Qualified Distributor with a large European network;
WHEREAS the Buyer has been selected by the Seller and desires the Seller to manufacture and supply the Buyer with the freeze-dried krills (hereinafter “the Products”) and the Seller agrees to manufacture and supply such products under the terms and conditions herein.
Agreement
NOW THEREFORE, the Parties have agreed as follows:
1. Definition
- The Products means the freeze-dried krill, more fully described in Annex 1: “Definition of Krill” and Annex 2: “Freeze-dried Krill” which will be manufactured in finished form suitable for use by Blizzard’s customers, packaged and labeled according to the conditions set out by the Buyers in order to be consumed throughout its