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Sales Contract(Case by Case Contract)
MY TRADING CO., LTD.
C.P.O. BOX 1117
10-1 HOETHYUN-DONG-2GA CHUNG-KU XXXX, XXXXX
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| TELEPHONE : XXXXX 755-8487 |
TELEX : K12345
DATE : June 10, 19 - |
SALES CONTRACT NO. 123
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MESSRS. ABC CO., LTD.
XXX XXXX, XXXX
We as Seller confirm having sold you as Buyer the following goods on the terms and conditions as stated below and on the back hereof.
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| QUANTITY
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DESCRIPTION |
PRICE |
SHIPMENT |
| 10,000 yards
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Printed Synthetic Fabric
44' x about 500 yards
100% Acrylic Fast Color
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C.I.F. XXX XXXX August, 19- in U.S. Currency $ 0.72 Total Amount : US $7,200.00
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TERMS OF PAYMENT : By a documentary bill of exchange at 90 days after sight under an irrevocable L/C
INSURANCE : Seller to cover the C.I.F. price plus SHIPPING MARK 10% against All Risks including War and SRCC Risks } |
PACKING :
DESTINATION : |
NEW YORK
BOX-NO.1/UP
MADE IN XXXX
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| PLEASE SIGN AND
RETURN THE DUPLICATE
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BUYER
ABC CO., LTD.
(Signed)
David Jones
President
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SELLER MY TRADING CO., LTD. (Signed) GIL DONG HONG Export Manager
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General Terms and Conditions
1. Principal to Principal Basis : This Contract recognizes the fact that it is of a principal to basis Seller and Buyer.
2. Quantity : Quantity is subject to a variation of five percent (5%) plus or minus at Seller's option.
3. Shipment : The date of bill of bill of lading shall be taken as the conclusive date of shipment, Partial shipment and/or transshipment shall be permitted, unless otherwise stated on the face hereof. Seller shall not be responsible for nonshipment or late shipment in whole or in part by reason of Force Majeure, such as fires, floods, earthquakes, tempets, strikes, lockouts, and other industrial disputes, mobilization, war, threat of war, riots, civil commotion, hostlities, blockade, requisition vessel, and any and other contingencies beyond Seller's control
4. price : The price(s) is (are) on the rate of freight and insurance premium prevailing at the time of accepting the order, and any increase in the rate of freight and insurance premium at the time of shipment shall be brone by Buyer.
5. Inspection : Inspection performed under the export regulation of korea is final respect of quality and/or conditions of the contracted goods, unless otherwise stated on the face hereof.
6. Trade Terms : The trade terms used in this Contract shall be governed and interpreted by the provisions of Incoterms(1990 edition) unless otherwise specifically stated.
7. Infringement : Buyer shall hold Seller harmless from liability for any infringenment with regard to patent, trade mark, design and/or copyright originated or chosen by Buyer.
8. Claim : Any claim by Buyer must be made in writing fourteen (14) days of receipt of the goods at destination stated on the face hereof, and no claim will be recognized if they are used.
9. Arbitration : All disputes, controversies, or differences which may arise between Seller and Buyer, out of or in relation to or in connection with this contract, or for the breach thereof, shall be finally settled by arbitration in xxxx, xxxxx accordance with the commercial Arbitration Rules of The Korean be final and binding upon both parties.
10.Governing Law : This Contract shall be governed in all respects by the laws of xxxx.
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