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What contents should a contract embody?
Sellersand buyers name.The name of commodity and unit price.Termsof
delivery.Paymentterms.Deliverydate.Insurance.Claimclause.Arbitrationclause。
Force majeure clause.mImport license.mAmendments and supplements.Supersede
contract.Retirementright.Placeof signing.Plainlanguage.Differentdate
formats.Unitsof measurement.Currency.Interpretationor translation.Signingof
the contract.
1. Usually terms of trade are stipulated in the trade contract and clearly indicate
both parties responsibilities.√
2. Claim and arbitration clause must be included in the written contract.×
3. Once signed,I need amendments and supplements to the present contract
could not be accepted.╳
4. A firm offer mustindicatethat onceit has been an conditionally Acceptby
the offered within its validity,The offer is binding on both parties.√
5. Written form of contracthas a lot of advantages in disputes.Resolvingso
every contract should be conducted in writing.×
6. In most cases both the buyer and the seller will experience many runs of offer
and counter offer before. Concluding a contract.√
7. According to cIsgIoffer,ifitisirrevocable,may not be withdrawn ifthe
withdrawal reaches the offeree being or at the same time as the offer.×
8. According to crsg,There are firm offer and non firm offer.×
9. A firm offershould include at least three specificconditions,name of
commodity, quality of commodity and price of commodity.√
10.The content of the offer can be indefinite.×
11. Inreality.thequantityof goods shipped must be exactlythe same with that
stipulated in the contract.×
12. In terms of systems of ways and measures. China adopts us system due to is
being widely applied in the international trade.×
13.Packing can only serve as a form of protection.×
14.Graceful night isoften stipulated in thecontract to indicatethat theway of
the lies valued products is calculated by Gross weight.
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