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Green Sea Industry Co., Ltd., Concession, 2001
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Arbitration and dispute resolution

If any conflict or dispute arises during the term of the contract, Green Sea Industry and the government must enter... more

Page 21 ( Art. 11 )

Assignment or transfer

Green Sea Industry can assign the premises to its legal successor or assignees by giving the government 6 months notice... more

Page 18 ( Art. 5.3, 5.1 )

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...
more

Page 16 ( Art. 2.1 ), Page 17 ( Art. 4.7 ), Page 20 ( Art. 7.16 ), Page 21 ( Art. 10 ), Page 23 ( Art. 18 )

Corporate headquarters

#152S, Preah Norodom Blvd, Phnom Penh, Sangkat Tonle Basac, Khan Chamcar Mom, Phnom Penh

Page 15 ( Preamble )

Country

Kingdom of Cambodia

Page 15 ( Title )

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

Page 20 ( Art. 7.13 )

Environmental monitoring

The government will monitor/control and evaluate on the environment impact of the premises.

When implementing the production works upon the project...
more

Page 19 ( Art. 6.4 ), Page 20 ( Art. 7.10 )

Environmental protections

Mountain, basins, productive forestland and protected area within the concession area must be retained in a natural manner.

Green Sea Industry...
more

Page 16 ( Art. 1.3 ), Page 20 ( Art. 7 .15 )

Expropriation or nationalization

If the government withdraws some parcels or the whole site of the land concession that Green Sea Industry has developed,... more

Page 20 ( Art. 7.16.2 )

Governing law

The laws of the Kingdom of Cambodia

Page 22 ( Art. 13 )

Grievance mechanisms

The government must intervene with relevant authorities in order to prevent and resolve any conflicts or incidents that would result... more

Page 18 ( Art. 6.2 )

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... more

Page 22 ( Art. 15 )

Income tax: exemptions

Green Sea Industry will receive tax exemption in accordance with Chapter 5 of the Cambodian investment law.

The government must intervene...
more

Page 18 ( Art. 6.3 ), Page 19 ( Art 7.1 )

Income tax: other

Green Sea Industry must pay other taxes and/or levies in accordance with laws of Cambodia

Page 17 ( Art. 4.9 )

Income tax: rate

Green Sea Industry can request a discount in tax if its economic situation drop down due to the production,if yield... more

Page 17 ( Art. 4.10 )

Infrastructure

In order to implement the project, Green Sea Industry can cut down trees-land in preparation for plantation, construct bridges-infrastructure, housing... more

Page 17 ( Art. 3.3 ), Page 20 ( Art. 7.10 ), Page 21 ( Art. 8, Art. 9 )

Language

The contract is made in English and Khmer. If there is a discrepancy, the Khmer language version of the contract will prevail.

Page 23 ( Art. 17 )

Local employment

Green Sea Industry can select local laborers or employ foreign experts if no local experts are available, in accordance with... more

Page 19 ( Art. 7.8 )

Location

Siam Pang and Stung Treng districts of Stung Treng province

The government and Green Sea Industry have to cooperate/collaborate with relevant...
more

Page 16 ( Art. 1.4, Art. 1 )

Name of company executing document

Green Sea Industry Co., Ltd.

Page 15 ( Preamble )

Other - financial/fiscal

Green Sea Industry must deposit a performance bond of US$ 50,000 to guarantee implementation of the contract no more than... more

Page 17 ( Art. 4.1, Art. 4.3, Art. 4.2 ), Page 18 ( Art. 5.4 )

Other - general

If Green Sea Industry finds any minerals, gems, gold or any similar valuable natural resources on or underneath the land,... more

Page 22 ( Art. 16.2 )

Other - operational

Green Sea Industry must cooperate and collaborate with the government institution concerned, as well as the private sector, domestic and... more

Page 20 ( Art. 7.12, Art. 7.14 )

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

Page 16 ( Art. 1.2 )

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,... more

Page 20 ( Art 7.9 )

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,... more

Page 16 ( Art. 2.2 )

Reporting requirements

Green Sea Industry must promptly report a force majeure event to the government

Page 22 ( Art. 15 )

Resource(s)

Tectona grandis plantation, fruit trees, animal rising and agro-industrial

Page 16 ( Art. 3.1, Art. 3.2 )

Royalties

Green Sea Industry must pay the government royalties for any economic timbers removed from the concession area prior to development... more

Page 22 ( Art. 16.1 )

Signatories, company

President of Green Sea Industry

Page 23 ( Signature )

Signatories, State

Ministry of Agriculture, Forest and Fisheries

Page 23 ( Signature )

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...
more

Page 15 ( Art. 1 ), Page 16 ( Art. 1.2 ), Page 18 ( Art. 6.1 )

State agency, national company or ministry executing the document

Ministry of Agriculture, Forestry and Fisheries

Page 15 ( Preamble )

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... more

Page 17 ( Art. 4.7, Art. 4.5, Art. 4.6, Art. 4.10, Art. 4.8 ), Page 19 ( Art 7.3, Art. 7.2 )

Term

70 years

Page 16 ( Art. 2.1 )

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... more

Page 16 ( Art. 1.4 ), Page 17 ( Art. 3.4 ), Page 19 ( Art. 7.6, Art. 7.4, Art. 7.5 ), Page 20 ( Art. 7.11 )
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Note:Retrieved from box folder. https://data.opendevelopmentmekong.net/laws_record/contract-on-teak-trees-tectona-grandis-planation-and-processing- (link not active).
Metadata

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

Cambodia

More for

Other crops | Teak (Tectona grandis)

This site provides summaries of contracts and their terms to facilitate understanding of their important provisions. These summaries are not interpretations of the documents. Neither the summaries nor the full contracts are complete accounts of all legal obligations related to the projects in question. This site also includes document text that was created automatically; such text may contain errors and differences from the original PDF files. No warranty is made to the accuracy of any content on this website.

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