International Business Contracts 国际商务合同
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Insurance:
To be effected not later than 31st
December,allowing part shipment and Time of transhipment. Shipment:
To be covered by the sellers for 110% of the invoice value
3. Body (1) Definition clause; (2) Specific conditions; (3) General conditions. Including duration, termination, force majeure, assignment, arbitration, governing law, jurisdiction, notice, “Entire agreement” clause, amendment and others.
At Sellers’ Option
By irrevocable L/C at sight to reach the Sellers a month prior to the time of shipment
and remain valid for negotiation in China until the 15th day after the final date of shipment.
In international trade, a contract can be drawn up either by the seller or the buyer. Respectively, it is called a sales contract/ confirmation or a purchase contract/ confirmation. Whatever they are named, they are equally binding on the parties.
against All Risks and War Risk as per CIC dated 1st January,
1981.
China Port
Port of Shipment:
Port of Destination:
New York
Shipping Marks: Terms of Payment:
Beijing
11th
Done and signed in
on this
dayBiblioteka of,2005.
Commodity: Specifications: Quantity:
1 000 Bicycles
Model MB28
In wooden cases Unit Price:
At US$70 each CIF New York
Total Value: Packing:
US&70 000(Say Us Dollars Seven Thousand Only)
What’s more, the former is appropriate to transactions of large amount and huge quantity because of its detailed clause which can prevent the occurrence of disputes. If the amount is not large or the business is done by means of agency arrangement or exclusive sale agreement, the sales or the purchase confirmation is often used.
International Business Contracts
国际商务合同
Objectives
通过本章的学习,帮助学生掌握:
1. 商务英文合同的种类 2. 商务合同的格式及写作要求、语言特色 3. 合同翻译的注意事项并熟练翻译相关合同
A contract is an agreement between two or
Generally, a formal written contract includes the following parts: 1. Title 2. Preamble (1) Date of signing; (2) Signing parties; (3) Place of signing (4) Recitals or WHEREAS clause.
Sellers: Buyers:
General Trading Company, New York
This contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the undermentioned commodity according to the terms and condition“s sFtiopruelvaeterd“bBerlaonwd: Bicycles
The sales or purchase contract is more formal than the sales or purchase confirmation. Next, the former contains more details than that in the latter. The former usually consists of commodities, specifications, quantity, packing, marking, price, shipment, port of shipment and port of destination, and payment as well as those clause concerning insurance, commodity inspection, claims, arbitration and force majeure, etc; while the later only includes several main items.
Should any conflicts between the two sides arise later, reference is generally made to the contract in an effort to resolve the misunderstandings.
In international trade, contract varies in both names and forms, which mainly include: Agreement, Sales Note, Sales Agreement, Sales Contract, Sales Confirmation/Confirmation of Sales/ Acknowledgement of Sales, Confirmation of Order, Purchase Agreement Contract, Purchase Note, Order Sheet/ Purchase Order,
4. Witness clause (1) Concluding sentence; (2) Signature; (3) Seal;
AC4789 SALES CONTRACT Beijing light Industrial Imp. & Exp.
Contract No.
Corporation
more persons, concerning something to be done, whereby both parties are bound to each other, or one is bound to the other. It is an agreement which sets forth binding obligations of the relevant parties.