THE _ _EXPRESSION IMPORT AND EXPORT SHALL BE USED WHERE _ _EXPRESSION DEMANDS IN THIS MOU REFER TO BOTH PARTIES IN THIS AGREEMENT. 1. WHERE AS THE IMPORTER HAS AGREED TO BUY QUANTITY OF YOUR PRODUCTS FROM THE EXPORTER AT value IN THE INVOICE OF---------------------- NO-----------------USD 1.850,000 MILLION. 2. THAT THE EXPORTER AGREES TO EXPORT THE GOODS ORDERED , ACCURATELY AS PER SPECIFICATION AND DESIGN TO THE DESTINATION AGREED UPON WITHIN ------------- DAYS. 3. THAT THE PAYMENT FOR THE GOODS SHALL BE MADE IN ADVANCE BY THE ORDER OF THE IMPORTER UPON THE AGREEMENT AND ENDORSEMENT OF THIS M.O.U BY IMPOTER AND EXPORTER WITHIN AN AFFIXED GOVERNMENT OF TOGO SEAL OF STAMP DUTY OF 0.5% AS A STANDING IRREVOCABLE ORDER OF THE PAYMENT TO THE FINANCIER. 4. THAT THE FINANCIER SHALL MAKE PAYMENT OR CAUSE PAYMENT TO BE MADE UPON PROVEN LEGALITY OF WRITTEN CONSENT OF THE PARTIES CONCERNED, AND ENSURING THAT AFFIXED STAMP DUTY, AND IDEMINITY BOND ON TOTAL PAYING AMOUNT IS CERTISFIED BY THE FINANCE COORDINATOR. UNION BROOKS NATIONALE , PRINCE OLU ADEWALE, WHERE OF AN INSTRUMENT OF PAYMENT IS RELEASED THROUGH AN AMERICAN PRIME BANK TO REACH THE EXPORTER ACCOUNT, AND CREDITED BY HER BANK. 5. THAT BOTH PARTIES / IMPORTER REPRESENTED BY MR-------------- AND EXPORTER REPRESENTED BY MR-------------------DO HEREBY CONVENANT AND AGREED TO ABIDE BY THE MEMORADUM OF UNDERSTANDING ( M.O.U) FOR THE PURPOSE OF SATISFYING THE DEMANDS OF IMPOTERS FINANCIER FOR MAKING PAYMENT, AND TO DELIVER THE GOODS WITHIN THE EXPECTED TIME OF DELIVERY.
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