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CONTRACT
Contract No. : XXXX
Date :XXXXXX
Place : XXXXX
The Buyer : XXXX.
Add: XXXX
Tel: XXXX
Fax: XXXX
Contact Person: XXXX
The Seller:
Address:
Tel:
Fax:
Contact Person:
This contract is made by and between the Buyers and Sellers, whereby the Buyer agrees to buy and the Seller agrees to sell the under-mentioned commodity according to the terms and conditions stipulated below:
1. Country of Origin and Manufactures:
2.Total Value(The scope of supply and the specifications are details as per attached Annex ):
The Total Contract Value is Euro XXX,XXX CIF XXX Port USD (Say XXXX EURO Only.) (as per INCOTERMS 2000)
3. Term of Shipment: As per INCOTERMS 2000.
Delivery Date:
Partial shipments:(Allowed, not allowed).
Transshipment shipment:(Allowed, not allowed).
Title and risk to the goods shall pass to the buyer upon delivery in accordance with the incoterm stated in the contract.
If the buyer delays the delivery for reasons not attributable to the seller for more than 1 month then title and risk shall pass to the buyer on EXW terms and the seller shall have the right to issue an invoice.
4. Port of Shipment : XXXX
5.Port of Destination: XXXX
6.Insurance:
To be covered by the Sellers for 110% (one hundred ten percent) of contract value with currency of the invoice covering all risks.
In case the contracted Commodity are lost and/or damaged in the course of ocean transportation to any accident, the Seller shall assist the Buyer apply for compensation with the insurance company concerned.
7. Packing:
To be packed in new strong packing with the mark “IPPC”, suitable for long distance ocean and inland transportation and well protected against dampness, moisture, shock, rust and rough handling. The Seller shall be liable for any damage to the goods on account of improper packing and for any rust damage attributable to inadequate or improper protective measur
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