SALES CONTRACT

SALESCONTRACT

No:
Date:
ForAccountof:
IndentNo:
ThiscontractismadebyandbetweentheSellersandtheBuyers;WherebytheSellersagreetosellandtheBuyersagreetobuytheundermentionedgoodsaccordingtothetermsandconditionsstipulatedbelowandoverleaf:

(1)Namesofcommodity(ies)andspecification(s)

(2)Quantity

(3)Unitprice

(4)Amount

TOTAL:

__________%moreorlessallowed

(5)Packing:

(6)PortofLoading:

(7)PortofDestination:

(8)ShippingMarks:

(9)TimeofShipment:Within____________________daysafterreceiptofL/C,allowingtranshipmentandpartialshipment.

(10)TermsofPayment:
By100%Confirmed,IrrevocableandSightLetterofCredittoremainvalidfornegotiationinChinauntilthe15thdayaftershipment.

(11)Insurance:
CoversallrisksandwarrisksonlyaspertheClausesofthePeople’sInsuranceCompanyofChinafor110%oftheinvoicevalue.

TobeeffectedbytheBuyer.
(12)TheBuyershallestablishthecoveringLetterofCreditbefore_________;failingwhich,theSellerreservestherighttorescindthisSalesContractwithoutfurthernotice,ortoacceptwholeoranypartofthisSalesContract,non-fulfilledbytheBuyer,oftolodgeclaimfordirectlossessustained,ifany

(13)Documents:TheSellersshallpresenttothenegotiatingbank,CleanOnBoardBillofLading,Invoice,QualityCertificateissuedbytheChinaCommodityInspectionBureauortheManufacturers,SurveyReportonQuantity/WeightissuedbytheChinaCommodityInspectionBureau,andTransferableInsurancepolicyorInsuranceCertificatewhenthiscontractismadeonCIFbasis.

(14)ForthiscontractsignedonCIFbasis,thepremiumshouldbe110%ofinvoicevalue.Allrisksinsuredshouldbeincludedwithinthiscontract.IftheBuyeraskstoincreasetheinsurancepremiumorscopeofrisks,heshouldgetthepermissionoftheSellerbeforetimeofloading,andallthechargesthusincurredshouldbebornebytheBuyer.

(15)Quality/QuantityDiscrepancy;Incaseofqualitydiscrepancy,claimshouldbefiledbytheBuyerwithin30daysafterthearrivalofthegoodsatportofdestination;whileforquantitydiscrepancy,claimshouldbefiledbytheBuyerwithin15daysafterthearrivalofthegoodsatportofdestination.ItisunderstoodthattheSellershallnotbeliableforanydiscrepancyofthegoodsshippedduetocausesforwhichtheInsuranceCompany,ShippingCompany,othertransportationorganizationsand/orPostOfficeareliable.

(16)TheSellershallnotbeheldliableforfailureordelayindeliveryoftheentirelotoraportionofthegoodsunderthisSalesContractinconsequenceofanyForceMajeureincidents.

(17)Arbitration:
Alldisputesinconnectionwiththiscontractortheexecutionthereofshallbesettledfriendlythroughnegotiations.Incasenosettlementcanbereached,thecasemaythenbesubmittedforarbitrationtoChinaInternationalEconomicAndTradeArbitrationCommissioninaccordancewiththeprovisionalRulesofProcedurespromulgatedbythesaidArbitrationCommission.ThearbitrationshalltakeplaceinBeijingandthedecisionoftheArbitrationCommissionshallbefinalandbindinguponbothparties;neitherpartyshallseekrecoursetoalawcourtnorotherauthoritiestoappealforrevisionofthedecision.Arbitrationfeeshallbebornebythelosingparty.Orarbitrationmaybesettledinthethirdcountrymutuallyagreeduponbybothparties.

(18)TheBuyerisrequestedalwaystoquoteTHENUMBEROFTHESALESCONTRACTintheLetterofCredittobeopenedinfavouroftheSeller.

(19)OtherConditions:

Seller:Buyer:

OurContractTemplateDatabaseiscompliedinaccordancewithlawsofP.R.China.ThisEnglishdocumentistranslatedaccordingtoitsChineseversion.Incaseofdiscrepancy,theoriginalversioninChineseshallprevail.