EXPORT CONTRACT OF TEXTILES
The export contract of textiles is a crucial aspect of international trade, representing the formal agreement between two parties to exchange textiles for payment. This contract outlines the specific terms and conditions of the exportation process, including the type and quantity of textiles to be exported, the price at which they will be sold, the location where the goods are to be delivered, and the payment terms. It also includes provisions for handling any issues that may arise during the course of the exportation process, such as damage to the goods or late payment. By carefully drafting and adhering to the export contract of textiles, both parties can ensure a smooth and successful exportation process that benefits both sides.
This Export Contract of Textiles (hereinafter referred to as the "Contract") is made by and between the Seller and the Buyer, whereby the Seller agrees to sell and the Buyer agrees to purchase the following goods:
1、Name of the Seller:
2、Name of the Buyer:
3、Place of Contract:
4、Date of Contract:
Article 1: General Terms and Conditions
The General Terms and Conditions (T&C) of this Contract shall be subject to the international commercial practices and laws in force at the time of conclusion of the Contract.
Article 2: Products and Quantities
The products to be exported under this Contract shall be as follows:
1、Type of Product: Textiles
2、Quantity: [Insert Quantity]
3、Quality: [Insert Quality]
4、Price: [Insert Price]
Article 3: Terms of Payment
The terms of payment shall be as follows:
1、Letter of Credit (L/C): The Buyer shall open a Letter of Credit in favor of the Seller at a reputable bank. The L/C shall be valid for a period of 90 days from the date of its issuance.
2、Payment by Installments: The Buyer shall make payments by installments as follows: 50% upon signing the Contract, 30% upon shipment, and 20% upon receipt of the documents.
Article 4: Shipment and Delivery
The Seller shall arrange for the shipment and delivery of the products to the Buyer as follows:
1、Shipment Date: [Insert Shipment Date]
2、Port of Shipment: [Insert Port of Shipment]
3、Port of Destination: [Insert Port of Destination]
4、Transportation Mode: [Insert Transportation Mode]
5、Insurance: The Seller shall arrange for insurance against risks such as fire, theft, and breakage during transportation. The cost of insurance shall be borne by the Seller.
6、Delivery Time: The products shall be delivered to the Buyer within 30 days from the date of shipment. The time of delivery shall be extended by a reasonable period in case of force majeure events such as natural disasters or labor strikes.
7、Confirmation of Receipt: Upon receipt of the products, the Buyer shall confirm their receipt and acceptance in writing to the Seller within 7 days from the date of delivery. Failure to do so shall constitute acceptance of the products by the Buyer.
Article 5: Inspection and Acceptance
The products shall be inspected by the Buyer at the port of destination within 15 days from the date of arrival. The inspection shall be conducted in accordance with the International Standards for Inspection and Acceptance (ISO). If any discrepancies are found during the inspection, the Buyer shall notify the Seller immediately and provide a detailed report within 3 days from the date of inspection. The Seller shall then take appropriate action to rectify the discrepancies at its own cost and expense. Failure to do so shall constitute acceptance of the products by the Buyer with all discrepancies included. The cost of inspection shall be borne by the Buyer unless otherwise agreed upon by both parties in writing prior to conclusion of this Contract or during its performance if agreed upon orally or by conduct pursuant to Article 12(2) hereof or if required by applicable law or regulation). No deductions from payment due under this Contract may be made on account of any claims whatsoever unless otherwise agreed upon in writing by both parties prior to conclusion or during performance hereof; provided further that any deductions agreed upon pursuant hereto shall not exceed 5% without prior written consent from both parties; otherwise they shall be deemed unacceptable and will not affect each other's rights or obligations under this Contract except as provided for in Article 7 hereof concerning force majeure events). If there are no discrepancies found during inspection, then full payment shall be made by Buyer according to Article 3 hereof without any further deductions being made from payment due under this Contract whatsoever unless otherwise agreed upon in writing by both parties prior to conclusion or during performance hereof; provided further that any deductions agreed upon pursuant hereto shall not exceed 5% without prior written consent from both parties; otherwise they shall be deemed unacceptable and will not affect each other's rights or obligations under this Contract except as provided for in Article 7 hereof concerning force majeure events). The results of inspection by buyer shall be final and binding on both parties unless otherwise agreed upon in writing by both parties prior to conclusion or during performance hereof; provided further that any differences agreed upon pursuant hereto shall not affect each other's rights or obligations under this Contract except as provided for in Article 7 hereof concerning force majeure events). Any dispute arising out of or in connection with inspection results which cannot be settled amicably between both parties within 15 days from date notice given thereof
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