Purchase order (PO)

Purchase order No. · Date

1 · Goods

2 · Delivery terms

2.1 Incoterm: FOB , Incoterms 2020. Seller delivers the goods, export-cleared, on board the vessel nominated by Buyer’s forwarder.

2.2 Latest shipment date: . Production lead time: days from receipt of deposit.

2.3 Container: ☐ 20GP ☐ 40HQ. Buyer books the container through its forwarder; Seller delivers to the terminal by the carrier’s cut-off.

3 · Payment

3.1 Deposit: 30% of the total, by T/T to the Seller’s account named above, within 5 working days of both parties signing this PO.

3.2 Balance: 70%, by T/T within 3 working days after Buyer receives (a) the pre-delivery inspection videos for every VIN per clause 5, (b) the packing list with VIN and engine numbers, and (c) the loading report with layer photos and the container seal number.

3.3 Bank details may only be changed by a signed letter on Seller’s letterhead confirmed by voice call to the contact named in this PO. Payments to any other account are not payment under this PO.

4 · Packing and marking

4.1 Each vehicle crated individually in a steel or reinforced wooden crate (ISPM-15 treated timber), front wheel, handlebar and mirrors packed inside the crate, battery disconnected and fluids drained to transport level. Parts in labelled cartons secured within the container.

4.2 Each crate marked with model code, VIN, colour, PO number and gross weight. A layer-by-layer loading photo record is delivered with the loading report.

5 · Inspection

5.1 Before crating, Seller performs an 18-point pre-delivery inspection on every unit (per the Yangtze Moto PDI checklist attached), starts and runs each engine, tests brakes, lights and electrics, and films each unit showing the VIN plate. Videos and the completed PDI record are delivered to Buyer before the balance is due.

5.2 Buyer may appoint a third-party inspector at Buyer’s cost; Seller gives 5 working days’ notice of readiness.

6 · Documents

Seller supplies: commercial invoice; packing list with VIN/engine list; bill of lading (draft within 24 h of loading, originals or telex release after balance); certificate of origin (form); factory technical sheet per model; emissions/conformity statement; UN38.3 test summary and MSDS for lithium batteries; and (market-specific conformity certificate) where required.

7 · Late shipment

If goods are not delivered on board by the latest shipment date for reasons attributable to Seller, Seller credits Buyer 0.5% of the value of the delayed goods per commenced week, up to 5%, deducted from the balance. Beyond 6 weeks Buyer may cancel the delayed lines and recover the deposit share.

8 · Warranty

8.1 Seller warrants each vehicle against defects in materials and workmanship for months from the B/L date (battery packs: months or cycles). Wear items, crash damage, misuse and failure to follow the maintenance schedule are excluded.

8.2 Claims: Buyer sends VIN, photos, a short video and description; Seller responds within 2 working days; remedy by replacement parts shipped with the next order or by courier, or by credit note, at Seller’s option after agreement with Buyer.

9 · General

9.1 This PO, the proforma invoice No. and the attached PDI checklist form the entire agreement. In case of conflict this PO prevails.

9.2 Governing language: English. Disputes: negotiation first, then arbitration at (e.g. CIETAC or HKIAC) or the courts of .

See the Incoterms guide for clause 2 and the PDI checklist referenced in clause 5.