contract no.:the buyers: the sellers:this contract is made by and between the bu
contract no.:
the buyers: the sellers:
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 under-mentioned goods
subject to the terms and conditions as stipulated hereinafter:
(1)name of commodity:
(2) quantity:
(3) unit price:
(4)total value:
(5) packing:
(6) country of origin :
(7) terms of payment:
(8) insurance:
(9) time of shipment:
(10) port of lading:
(11) port of destination:
(12)claims:
within 45 days after the arrival of the goods at the destination, should the
quality, specifications or quantity be found not in conformity with the
stipulations of the contract except those claims for which the insurance company
or the owners of the vessel are liable, the buyers shall, have the right on the
strength of the inspection certificate issued by the c.c.i.c and the relative
documents to claim for compensation to the sellers
(13)force majeure :
the sellers shall not be held responsible for the delay in shipment or
non-deli-very of the goods due to force majeure, which might occur during the
process of manufacturing or in the course of loading or transit. the sellers
shall advise the buyers immediately of the occurrence mentioned above the within
fourteen days there after . the sellers shall send by airmail to the buyers for
their acceptancea certificate of the accident. under such circumstances the
sellers, however, are still under the obligation to take all necessary measures
to hasten the deliveryof the goods.
(14)arbitration :
all disputes in connection with the execution of this contract shall be
settled friendly through negotiation. in case no settlement can be reached, the
case then may be submitted for arbitration to the arbitration commission of the
china council for the promotion of international trade in accordance with the
provisional rules of procedure promulgated by the said arbitration commission .
the arbitration committee shall be final and binding upon both parties. and the
arbitration fee shall be borne by the losing parties.
(the buyers) (the sellers)