IMPORT AND EXPORT CONTRACT Contract Ref: IEC-2026-001 Date of Preparation: June 1 2026 EXPORTER: Spice Heritage Exports Pvt Ltd Mumbai Maharashtra India Email: [exporter email] IMPORTER: AlGulf Trading LLC Dubai United Arab Emirates Email: [importer email] 1. RECITALS 1.1 Spice Heritage Exports Pvt Ltd is an organic spice exporter based in India that produces and exports food grade organic turmeric powder. 1.2 AlGulf Trading LLC is a UAE trading company that is purchasing and importing organic turmeric powder for commercial distribution in the UAE. 1.3 Both parties confirm mutual intent to document the terms of this international trade transaction through this contract. 2. DEFINITIONS 2.1 Exporter: Spice Heritage Exports Pvt Ltd. 2.2 Importer: AlGulf Trading LLC. 2.3 Goods: Organic turmeric powder as described in Section 3 of this contract. 2.4 Contract Price: USD 42,000 total on CIF Dubai Jebel Ali basis. 2.5 Trade Terms: CIF (Cost Insurance and Freight) Dubai Jebel Ali as defined in Incoterms 2020 published by the International Chamber of Commerce. 2.6 Port of Loading: Mumbai JNPT, India. 2.7 Port of Destination: Dubai Jebel Ali, UAE. 2.8 Bill of Lading: The shipping document issued by the carrier confirming receipt of the Goods for shipment. 2.9 Certificate of Origin: The document certifying that the Goods originate from India. 2.10 Effective Date: The date on which both parties sign this contract. 3. DESCRIPTION OF THE GOODS 3.1 The Goods are organic turmeric powder, HS Code 0910.30, food grade certified, total quantity 20 metric tons. 3.2 The Goods must conform to food grade certification standards and meet all applicable food safety requirements for import into the UAE. 3.3 Packaging: 25kg PP bags with Spice Heritage Exports Pvt Ltd label, including net weight, gross weight, country of origin, and batch number. 3.4 Spice Heritage Exports Pvt Ltd confirms to the best of its knowledge that the Goods are eligible for export from India and that no known export prohibition applies. Both parties are encouraged to seek customs advice to verify this before finalizing this document. 4. CONTRACT PRICE AND TRADE TERMS 4.1 Total Contract Price: USD 42,000 on CIF Dubai Jebel Ali basis. 4.2 Under CIF terms, Spice Heritage Exports Pvt Ltd is responsible for the cost of the Goods, all freight charges to Dubai Jebel Ali, and minimum cargo insurance covering the Goods during transit. 4.3 AlGulf Trading LLC is responsible for all import duties, customs clearance costs, and delivery from the port of destination. Both parties should confirm their understanding of CIF obligations under Incoterms 2020 with a qualified trade professional. 5. PAYMENT TERMS 5.1 Advance Payment: 30% of the Contract Price (USD 12,600) payable by wire transfer to Spice Heritage Exports Pvt Ltd's nominated bank account before production commences. The Exporter is not obligated to begin production until this advance payment is received. 5.2 Balance Payment: 70% of the Contract Price (USD 29,400) payable by irrevocable letter of credit at sight, issued by a first-class UAE bank, in favor of Spice Heritage Exports Pvt Ltd, to be opened before shipment. 5.3 The letter of credit must be irrevocable, opened within 7 days of advance payment confirmation, and must allow shipment within 30 days of LC receipt. Documents required for presentation include the commercial invoice, packing list, full set of clean on board bills of lading, SGS inspection certificate, and certificate of origin. Both parties should involve their respective banks and a trade finance professional in finalizing the LC requirements. 6. EXPORT AND IMPORT COMPLIANCE 6.1 Spice Heritage Exports Pvt Ltd is solely responsible for obtaining all necessary Indian export licenses and authorizations for the Goods. 6.2 AlGulf Trading LLC is solely responsible for obtaining all necessary UAE import licenses, customs clearances, and food safety authorizations required to import the Goods. 6.3 Both parties confirm they are not subject to any trade sanctions or designations and will not use or permit the Goods to be used in connection with any sanctioned country, entity, or end use. 7. SHIPMENT AND TRANSPORT 7.1 Shipment must occur within 30 days of receipt of the operative letter of credit. 7.2 Mode of transport: Sea freight from Mumbai JNPT to Dubai Jebel Ali. Estimated transit time 10 days. 7.3 Under CIF terms, Spice Heritage Exports Pvt Ltd arranges and pays for freight and minimum cargo insurance. Risk transfers to AlGulf Trading LLC when the Goods are placed on board the vessel at Mumbai JNPT. 7.4 Spice Heritage Exports Pvt Ltd must notify AlGulf Trading LLC within 2 business days of shipment with bill of lading details. 8. SHIPPING DOCUMENTS 8.1 Spice Heritage Exports Pvt Ltd must provide: Commercial invoice, packing list, full set of clean on board bills of lading, SGS pre-shipment inspection certificate, and certificate of origin issued by the relevant Indian authority. 8.2 Documents must be presented within 21 days of the bill of lading date. AlGulf Trading LLC must raise any document discrepancy within 5 business days of receipt. 9. INSPECTION AND QUALITY WARRANTY 9.1 An independent SGS pre-shipment inspection is required before shipment. The cost of inspection is borne by Spice Heritage Exports Pvt Ltd. The Exporter must notify AlGulf Trading LLC when Goods are ready for inspection. 9.2 A 6-month quality warranty applies from the date of arrival at Dubai Jebel Ali. Quality claims must be raised within 30 days of discovery and supported by an independent laboratory test report. Remedies for substantiated claims include replacement, price reduction, or refund. 9.3 Quantity tolerance: plus or minus 3% of contracted quantity. Shortage claims must be raised within 14 days of delivery with supporting survey report. 10. GOVERNING LAW AND DISPUTES 10.1 English law governs this contract. The UN Convention on Contracts for the International Sale of Goods (CISG) is expressly excluded. 10.2 Disputes will first be addressed through direct good-faith negotiation. If unsuccessful, disputes proceed to ICC arbitration in Dubai. SIGNATURE BLOCK: Note: Both parties should have this contract reviewed by a qualified international trade attorney and their customs broker before signing. Export control compliance, UAE food import regulatory requirements, and LC document compliance must be confirmed with qualified advisors before shipment. Spice Heritage Exports Pvt Ltd Country: India Signature: ________________ Date: ____________________ AlGulf Trading LLC Country: UAE Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ DISCLAIMER: This Import and Export Contract draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal advice and does not guarantee customs clearance or regulatory compliance. Always have this document reviewed by a qualified international trade attorney and your customs broker before either party signs or acts upon it.