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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.