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Sample Agreement For Import Of Goods

The seller delivers, when the goods are made available to the buyer, on the means of transport that arrives and is ready to be unloaded at destination. The seller bears all risks related to the delivery of the goods to this place. This accreditor confirms that the distributor`s means are available to cover the same costs as those you have indicated. An irrevocable accreditor assures you that the order will not be cancelled at any time. If this credit is also confirmed by your bank to deliver the goods, delivery is guaranteed to the merchant. Once the accreditation is confirmed by the Bank, the currency exchange is also confirmed, so you don`t have to worry about currency fluctuations. Import Conditions of the export contract In principle, the bank keeps the money until the presentation of all shipping documents. The accrediting party decrees the conditions to make money legally and negotiable, usually for proof of shipment of the goods. Your carrier helps you get all these documents.

If you pass them on to the banker, the flow of credit will be converted into cash, so you can then pay the manufacturer and all other invoices in the transaction. The seller delivers the goods on board the ship to the port of dispatch. The seller bears all risks and damages until the goods are shipped to the port of shipment. The seller must purchase, at its own expense, a freight insurance policy, as agreed in the contract, in order to authorize the buyer or any other person who has an insurable interest in the goods to assert a right directly with the insurer and to give the insurer the insurance policy or other proof of coverage. 21.2 This contract may only be amended by a written agreement of the parties (including e-mail) (add if Article [17.4] or an equivalent Article is included: or in accordance with Article [17.4].) In order to provide common terminology for international shipping and minimize misunderstandings about contractual terms, the International Chamber of Commerce has developed a number of concepts known as Incoterms. These are the basic terms used in international sales contracts that describe the liability of the seller and the buyer (transfer of danger from the buyer to the seller). It is an importer to know the effects of the terms used in a given contract (FOB, CIF, etc.). The goods must be delivered by the seller on board the ship designated by the buyer on the agreed date or within the agreed time, in the designated port of dispatch and in the usual manner in that port, in accordance with the contract. The buyer must bear all costs and risks of damage or loss after delivery to the place of delivery (port of origin). The seller bears the shipping costs and bears the risk of loss or damage to the goods until the date on which the goods were shipped at the said port of dispatch.

– If, with the agreement of the client, the agent assigns his rights and obligations to another person. The basic provision of any sales contract is that you, the seller (in this case the exporter), transfer ownership of the goods against payment (which are made in foreign currency in international trade) to your buyer (the importer). . . .

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