SALES CONTRACT
NO.:
DATE :THE SELLER :
THE BUYER :
THE AGENT :
THIS CONTRACT IS MADE BY AND BETWEEN THE SELLERS AND THE BUYERS. WHERE BY THE SELLERS AGREE TO SELL AND THE BUYERS AGREE TO BUY THE UNDER MENTIONED GOODS ACCORDING TO THE
TERMS AND CONDITIONS STIPULATED BELOW AND OVERLEAF :
(1)NAME OF COMMODITY
(2)QUANTITY (3)UNIT PRICE (4)TOTAL AMOUNT AND SPECIFICATION
USD /KG
KGS USD
CIF
TTL :
TTL AMOUNT :SAY US DOLLARS
NOTE: ALL THE PRODUCTS UNDER THE CONTRACT ARE ONLY USED FOR MANUFACTURING AND SELLING
AS GENERAL CHEMICAL PRODUCTS. ANY PRODUCTS PROTECTED BY VALID PATENTS ARE NOT OFFERED
FOR SALE IN COUNTRIES, WHERE THE SALE OF SUCH PRODUCTS CONSTITUTES A PATENT INFRINGEMENT.
AS IT IS IMPOSSIBLE FOR SELLER TO BE INFORMED ABOUT THE PATENT SITUATION IN ALL COUNTRIES, THE
LIABILITY FOR PATENT INFRINGEMENT IS EXCLUSIVELY TO BE UNDERSTOOD AS BUYER'S RISK.
THE AGENT MUST GUARANTEE THAT THE BUYER WILL MAKE THE PAYMENT ON TIME, AND THERE IS NO COMMISSION FOR THE AGENT IN THIS CONTRACT.
(5)PACKING:********
THE SHELF LIFE:
(6) PORT OF LOADING: CHINA MAIN SEAPORT
(7) PORT OF DESTINATION:
(8) TIME OF SHIPMENT:
(9) TERMS OF PAYMENT:
***************
THE LOSS BROUGHT ABOUT BY THE CHANGE OF THE FORWARD FOREIGN EXCHANGE RATE.
PARTICULARLY REFERRING TO THE US-DOLLAR TO-RMB EXCHANGE RATE SHOULD BE BORNE ON THE BUYERS FOR THEIR OVERDUE PAYMENT.
IF A PARTY DOES NOT PAY A SUM OF MONEY WHEN IT FALLS DUE, THE OTHER PARTY IS ENTITLED TO INTEREST UPON THAT SUM FROM THE TIME WHEN PAYMENT IS DUE TO THE TIME OF PAYMENT;
SHORT-TERM LENDING RATE TO PRIME BORROWERS PREVAILING FOR THE CURRENCY OF PAYMENT AT THE PLACE OF PAYMENT, OR WHERE NO SUCH RATE EXISTS AT THAT PLACE, THEN THE SAME RATE IN THE
STATE OF THE CURRENCY OF PAYMENT;
IN THE ABSENCE OF SUCH A RATE AT EITHER PLACE, THE RATE OF INTEREST SHALL BE THE APPROPRIATE
RATE FIXED BY THE LAW OF THE STATE OF THE CURRENCY OF PAYMENT.
THE GOODS SHALL REMAIN THE PROPERTY OF THE SELLER UNTIL THE COMPLETE PAYMENT OF THE PRICE,
OR AS OTHERWISE AGREED;
PROPERTY IN THE GOODS SHALL REMAIN VESTED IN THE SELLER UNTIL PAYMENT IN FULL THEREOF SHALL
HAVE BEEN MADE BY THE BUYER.
(10)INSURANCE:
COVERS ALL RISKS AND WAR RISKS ONLY AS PER THE CLAUSES OF THE PEOPLE'S INSURANCE COMPANY
OF CHINA FOR 110% OF THE INVOICE VALUE.
FOR THIS CONTRACT SIGNED ON CIF BASIS, THE PREMIUM SHOULD BE 110% OF INVOICE VALUE. ALL RISKS
INSURED SHOULD BE INCLUDED WITHIN THIS CONTRACT. IF THE BUYER ASKS TO INCREASE THE INSURANCE PREMIUM OR SCOPE OF RISKS, HE SHOULD GET THE PERMISSION OF THE SELLER BEFORE TIME OF LOADING, AND ALL THE CHARGES THUS INCURRED SHOULD BE BORNE BY THE BUYER.
(11) DOCUMENTS:
THE SELLER SHALL PRESENT TO THE BUYER, BILL OF LADING, INVOICE, CERTIFICATE OF ANALYSIS, AND TRANSFERABLE INSURANCE POLICY OR INSURANCE CERTIFICATE WHEN THIS CONTRACT IS MADE ON CIF
BASIS.