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home >> sample contracts >>  title :Sales Contract
Sales Contract
 
No.: __________
Signed at:________
Date:_________
Seller:_____________________
Address:_____________________
Tel:___________ Fax:______
E-mail:___________________
Buyer:_____________________
Address:____________________
Tel:______________ Fax:______
E-mail:___________________
The undersigned Seller and Buyer have agreed to close the following transactions according to the terms and conditions set forth as below:
1. Name, Specifications and Quality of Commodity:
2. Quantity:
3. Unit Price and Terms of Delivery:
(The terms "FOB" "CFR" or "CIF" shall be subject to the "International Rules for the Interpretation of Trade Terms"(INCOTERMS 1990) provided by International Chamber of Commerce (ICC) unless otherwise stipulated herein.)
4. Total Amount:
5. More or Less:___%.
6. Time of Shipment:
Within ______ days after receipt of L/C allowing transshipment and partial shipment.
7. Terms of Payment:
By Confirmed, Irrevocable, Transferable and Divisible L/C to be available by sight draft to reach the Seller before ______ and to remain valid for negotiation in China until ______ after the Time of Shipment. The L/C must specify that transshipment and partial shipments are allowed.
The Buyer shall establish the covering Letter of Credit before the above-stipulated time, failing which, the Seller shall have the right to rescind this Contract upon the arrival of the notice at Buyer or to accept whole of and part of this Contract non fulfilled by the Buyer , or to lodge a claim for the direct losses sustained if any.
8. Packing:
9. Insurance:
Covering _____ Risks for % of Invoice Value to be effected by the ________.
10. Quality/Quantity discrepancy:
In case of quality discrepancy, claim should be filed by the Buyer within 30 days after the arrival of the goods at port of destination, while for quantity discrepancy, claim should be filed by the Buyer within 15 days after the arrival of the goods at port of destination. It is understood that the Seller shall not be liable for any discrepancy of the goods shipped due to causes for which the Insurance Company, Shipping Company, other Transportation Organization /or Post Office are liable.
11. The Seller shall not be held responsible for failure or delay in delivery of the entire lot or a portion of the goods under this Sales Contract in consequence of any Force Majeure incidents which might occur. Force Majeure as referred to in this contract means unforeseeable, unavoidable and insurmountable objective conditions.
12. Arbitration:
Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
13. Notices:
All notice shall be written in _____ and served to both parties by fax/courier according to the following addresses. If any changes of the addresses occur, one party shall inform the other party of the change of address within ____ days after the change.
14. This Contract is executed in two counterparts each in Chinese and English, each of which shall be deemed equally authentic. This Contract is in _____ copies effective since being signed/sealed by both parties.
The Seller:
The Buyer:
No.: __________
Signed at:________
Date:_________
Seller:_____________________
Address:_____________________
Tel:___________ Fax:______
E-mail:___________________
Buyer:_____________________
Address:____________________
Tel:______________ Fax:______
E-mail:___________________
The undersigned Seller and Buyer have agreed to close the following transactions according to the terms and conditions set forth as below:
1. Name, Specifications and Quality of Commodity:
2. Quantity:
3. Unit Price and Terms of Delivery:
(The terms "FOB" "CFR" or "CIF" shall be subject to the "International Rules for the Interpretation of Trade Terms"(INCOTERMS 1990) provided by International Chamber of Commerce (ICC) unless otherwise stipulated herein.)
4. Total Amount:
5. More or Less:___%.
6. Time of Shipment:
Within ______ days after receipt of L/C allowing transshipment and partial shipment.
7. Terms of Payment:
By Confirmed, Irrevocable, Transferable and Divisible L/C to be available by sight draft to reach the Seller before ______ and to remain valid for negotiation in China until ______ after the Time of Shipment. The L/C must specify that transshipment and partial shipments are allowed.
The Buyer shall establish the covering Letter of Credit before the above-stipulated time, failing which, the Seller shall have the right to rescind this Contract upon the arrival of the notice at Buyer or to accept whole of and part of this Contract non fulfilled by the Buyer , or to lodge a claim for the direct losses sustained if any.
8. Packing:
9. Insurance:
Covering _____ Risks for % of Invoice Value to be effected by the ________.
10. Quality/Quantity discrepancy:
In case of quality discrepancy, claim should be filed by the Buyer within 30 days after the arrival of the goods at port of destination, while for quantity discrepancy, claim should be filed by the Buyer within 15 days after the arrival of the goods at port of destination. It is understood that the Seller shall not be liable for any discrepancy of the goods shipped due to causes for which the Insurance Company, Shipping Company, other Transportation Organization /or Post Office are liable.
11. The Seller shall not be held responsible for failure or delay in delivery of the entire lot or a portion of the goods under this Sales Contract in consequence of any Force Majeure incidents which might occur. Force Majeure as referred to in this contract means unforeseeable, unavoidable and insurmountable objective conditions.
12. Arbitration:
Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
13. Notices:
All notice shall be written in _____ and served to both parties by fax/courier according to the following addresses. If any changes of the addresses occur, one party shall inform the other party of the change of address within ____ days after the change.
14. This Contract is executed in two counterparts each in Chinese and English, each of which shall be deemed equally authentic. This Contract is in _____ copies effective since being signed/sealed by both parties.
The Seller:
The Buyer:
 

 

 
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