Arbitration and dispute resolution
If any conflict or dispute arises during the term of the contract, Green Sea Industry and the government must enter...
Assignment or transfer
Green Sea Industry can assign the premises to its legal successor or assignees by giving the government 6 months notice...
Cancellation or termination
The contract will terminate on 23/11/2017.
When the contract terminates, Green Sea Industry must return the concession area and all possesses...
Corporate headquarters
#152S, Preah Norodom Blvd, Phnom Penh, Sangkat Tonle Basac, Khan Chamcar Mom, Phnom Penh
Custom duties
Green Sea Industry can sell, buy and deliver products which are necessary or desirable to operate the production exploitation within Cambodia and overseas in accordance with Cambodian law
Environmental monitoring
The government will monitor/control and evaluate on the environment impact of the premises.
When implementing the production works upon the project...
Environmental protections
Mountain, basins, productive forestland and protected area within the concession area must be retained in a natural manner.
Green Sea Industry...
Expropriation or nationalization
If the government withdraws some parcels or the whole site of the land concession that Green Sea Industry has developed,...
Grievance mechanisms
The government must intervene with relevant authorities in order to prevent and resolve any conflicts or incidents that would result...
Hardship clause or force majeure
Any failure or delay in the performance of any obligation by either party arising from a force majeure will not...
Income tax: exemptions
Green Sea Industry will receive tax exemption in accordance with Chapter 5 of the Cambodian investment law.
The government must intervene...
Income tax: other
Green Sea Industry must pay other taxes and/or levies in accordance with laws of Cambodia
Income tax: rate
Green Sea Industry can request a discount in tax if its economic situation drop down due to the production,if yield...
Infrastructure
In order to implement the project, Green Sea Industry can cut down trees-land in preparation for plantation, construct bridges-infrastructure, housing...
Language
The contract is made in English and Khmer. If there is a discrepancy, the Khmer language version of the contract will prevail.
Local employment
Green Sea Industry can select local laborers or employ foreign experts if no local experts are available, in accordance with...
Location
Siam Pang and Stung Treng districts of Stung Treng province
The government and Green Sea Industry have to cooperate/collaborate with relevant...
Other - financial/fiscal
Green Sea Industry must deposit a performance bond of US$ 50,000 to guarantee implementation of the contract no more than...
Other - general
If Green Sea Industry finds any minerals, gems, gold or any similar valuable natural resources on or underneath the land,...
Other - operational
Green Sea Industry must cooperate and collaborate with the government institution concerned, as well as the private sector, domestic and...
Outgrowers Program
Green See Industry can collaborate with residents of parcels of land within the concession area to exploit the land based on the agreed of both sides
Protections or benefits for employees, dependents, or others
Sea Green Industry must provide health care and training for employees and their family through the construction of houses, hospital,...
Renewal or extension of term
Green Sea Industry can request to extend the term of the contract before 23/11/2070. In order to extend the contract,...
Reporting requirements
Green Sea Industry must promptly report a force majeure event to the government
Royalties
Green Sea Industry must pay the government royalties for any economic timbers removed from the concession area prior to development...
Size of concession area
100,852 hectares
Parcels of land within the concession area that are owned by certain residents, as well as their agricultural land...
State agency, national company or ministry executing the document
Ministry of Agriculture, Forestry and Fisheries
Surface fees or rent
Green Sea Industry must pay annual rent in accordance with notification No. 803 dated 31/05/2000 and as determined by the...
Work and investment commitments
Both parties must cooperate/collaborate with relevant institutions to completely conduct a research study and survey and completely determine other possessive...
Country
Cambodia
Signature Year
2001
Resource
Other crops | Teak (Tectona grandis)
Type of Document
Contract
Open Contracting Identifier
ocds-591adf-9824034276
Disclosure Mode
Open Development Meekong
This document has missing annexes
Land Matrix ID
More from
More for