国际贸易Chapter高等数学.pptVIP

Basic terms and conditions From Guangzhou to London. During March/April, 2014, into three equal lots. Partial shipment to be allowed, transshipment not to be allowed. Formation of Contract [7. Port of shipment and port of destination] [8. Time of shipment] Basic terms and conditions To be covered by the buyers. By irrevocable and transferable letter of credit to cover the total value of each monthly shipment as stipulated above. Formation of Contract [9. Insurance] [10. Terms of payment] Basic terms and conditions Certificate of quality and weight issued by the Chinese Import and Export Commodity Inspection Bureau at the port of shipment. Formation of Contract [11. Commodity inspection] Buyers shall be responsible for any losses thus incurred as well as for late shipment thus caused. 2009 25.9% 34.2% If the L/C is not in accordance with the terms of contract, amendments should be made immediately by the buyers. 1. Amendment of Letter of Credit Formation of Contract General terms and conditions The sellers or their branches shall notify the buyers or their agents by correspondence or by cable of the number of L/C, quantity and name of vessel immediately after loading is completed. 2009 25.9% 34.2% 2. Shipping advice Formation of Contract General terms and conditions Furnish the buyer within 15 days after the accident by registered airmail with a certificate issued by the competent government authority or the chamber of commerce which is located at the place. 2009 25.9% 34.2% The time of shipment might be extended, or a part or whole of the contract cancelled without liability attached to the sellers. 3. Force majeure Formation of Contract General terms and conditions The arbitration fees shall be borne by the losing party only. 2009 25.9% 34.2% Held in the country where the defendant resides, or in a third country agreed by both parties. 4. Arbitration Formation of Contract General terms and conditions The award is final and binding upon both parties. The buyers shal