8/12/2019 Contract 67 Correct

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Moscow

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CONTRACT No. 67

, 2014

The Corporation Hindustan Aeronautics Ltd, Sukhoi Engine Division, Koraput, India, hereinafter

referred to as the CUSTOMER, on the one hand, and Avitronic Ltd., Moscow, Russia, hereinafter

referred to as the SUPPLIER, on the other hand, have concluded the present Contract on the following:

1. SUBJECT OF CONTRACT

1.1. The SUPPLIER undertakes to deliver to the CUSTOMER, and the CUSTOMER undertakes to

accept and pay for, on the terms and conditions stipulated in this Contract, the goods in accordance

with Annexes I, II to the present Contract.

2. COST OF DELIVERED GOODS

2.1. The prices for the goods under the present Contract are quoted in US dollars and understood as

CIF - port of Visakhapatnam, India, according to INCOTERM S-2010 issued by International Chamber

of Commerce.

2.2.The amount payable for the goods to be delivered against Annex I to the present Contract is

387 604, 80 (three hundred eighty seven thousand six hundred four and 80/100) US dollars.2.3. The delivery of the goods is permitted in the limit o f +/- 10 per cent against each line of quantity

specified in Annex I and the corresponding variation of their amounts in USD will also be taken into

account.

3. DELIVERY TERMS

3.1. The goods mentioned in Annex I to the present Contract shall be delivered within 8 month from

the date of signing the Contract. The date o f Bill o f Lading shall be considered as the date of the goods

delivery.

3.2. Fourteen days prior to the supposed date of shipment the SUPPLIER shall forward to

CUSTOMER by fax/e-mail one set of copies of the following shipping documents in English:original commercial invoice - 1 copy;

original bill of lading - 1 copy;

original quality certificate - 1 copy;

original packing list - 1 copy;

original insurance policy issued to the CUSTOMER'S name on terms CIF- port of the

CUSTOMER - 1 copy.

3.3. Partial shipment is allowed.

3.4. In the event of SUPPLIER failure to deliver the goods by the date specified in the Contract, the

CUSTOMER may recover from the SUPPLIER as liquidated damages the sum of 0.5% of the Contract

price of the undelivered Goods for delay of each week or part o f week, but not more than 10% of the

undelivered Goods under Annex I to the present Contract.

3.5. Any demurrage charges paid by the clearing authority on account of delayed delivery of requisite

documents or error in the documents provided by the SUPPLIER & attributable to SUPPLIER, the

same will be to the account o f SUPPLIER.

3.6. The CUSTOM ER shall ensure acceptance o f the goods at the port of destination and shall carry

out all import and other formalities regarding import o f the goods to India.

3.7. The inscriptions on the goods and the shipping documents shall be made in English language.

As an exceptional case in specific circumstances, it is allowed to prepare the shipping documents in

Russian.

3.8. The goods are considered to be delivered to the CUSTOM ER:

by quantity and weight - according to the number of cases and/or the weight indicated in theinternational shipping docum ent (Bill o f Lading);

CUSTOMER SUPPLIER