Session 6 order and acceptance and rejection.pptVIP

Order, Acceptance and Rejection Order An order is a request for the supply of a specific quantity of goods. It can be an acceptance of an offer or sent voluntarily by a buyer. Nowadays, importers can also use printed order forms. The major points of an order Details of description Quantities Unit price Packing Time of shipment Port of destination/shipment Terms of payment The obligations of the importer and the exporter The importer’s obligations: To accept the goods supplied, if they comply with the stipulations in the order; To pay for the goods according to the terms of payment agreed upon; To examine the goods after their arrival at the final destination. The exporter’s obligations: To deliver the goods in strict conformity with the specifications in the order; To ship the goods at the agreed time; To guarantee that the goods to be shipped are free from faults. If faulty goods are delivered, the importer can demand either a reduction in price, or replacement of the goods, or cancellation of the order. He/she may also lodge a claim against the damage. Dear Mr. Smith, Re: NV – FJ630 Video Camera Recorder Further to our recent discussions through fax and e-mail, we should like to confirm details of ordering the above mentioned goods: Quantity Description Unit price Amount 500 pieces NV –FJ 630 USD 120.00 USD 60,000.00 The above price is on CFR Guangzhou Basis. Packing: Each piece is packed in a polybag then in a carton. Payment: By irrevocable documentary letter of credit opened through Bank of China and drawn at sight. Delivery: As we need the goods urgently, please deliver within 40 days after receipt of the order. We would like you to send us your acknowledgement of this order at your earliest convenience. When we receive your acknowledgement we will arrange to apply for L/C. Your early attention to this order will be highly appreciated. Truly yours, Dear Mr. Langdon, Your quotation on sweaters T