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Занятие 1-2 Структура контракта. Структура контракта. After the prospective buyer receives the offer he carefully studies it. Then, very often, he has
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Занятие 1-2 Структура контракта.
Структура контракта.
After the prospective buyer receives the offer he carefully studies it. Then, very often, he has a few talks or exchanges letters with the prospective seller. After the two parties come to an agreement about terms and conditions of the transaction the sign a contract.
Contracts usually contain the following information^
• Date of the contract
• Place or city
• Reference number
• Names of the buyer and the seller
• Description of the goods
• Price and total value
• Terms of delivery
• Terms of payment, etc.
Here is a part of a specimen contract:
Contract No 32 – 1
Moscow September 4th, 1998
Foreign trade company Chemico, Moscow< hereinafter referred to as the Sellers, on the one part, and Messrs. Petro Co., Liverpool, England, hereinafter referred to as the Buyers, on the other part, have concluded the present Contract to the following effect:
1. The sellers have sold and the Buyers have bought on cif terms 10 000 kgs. of Chemicals ST to be delivered in the fourth quarter of 1998. Partial shipments are allowed. The quality of the Chemicals is to be confirmed by certificate issued by a competent independent and recognized lagoratory. The Chemicals are to be packed in plastic bags.
2. The price is 175 English pounds sterling per kilo cif Liverpool. The total value of the Contract is GBP 1,750,000 (one million seven hundred and fifty thousand English pounds sterling).
3. The date of the bill of lading issued in the name of the Buyers is to be considered the date of delivery.
4. Payment for the Chemicals delivered under the present Contract is to be made by a letter of credit on the presentation of the following documents:
1) Sellers’ Commercial invoice
2) Full set of clean on board Bills of Lading
3) Quality Certificate issued by the laboratory
4) Weight Certificate issued by the recognized company
5) Certificate of Origin issued by the Chamber of Commerce and industry
6) Insurance Policy issued by the State insurance company.
1. Payment is to be made through the National Bank, Liverpool.
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