CONTRACT
Date:ContractNo.:
TheBuyers:TheSellers:
ThiscontractismadebyandbetweentheBuyersandtheSellers;wherebytheBuyersagreetobuyandtheSellersagreetoselltheunder-mentionedgoodssubjecttothetermsandconditionsasstipulatedhereinafter:
(1)NameofCommodity:
(2)Quantity:
(3)Unitprice:
(4)TotalValue:
(5)Packing:
(6)CountryofOrigin:
(7)TermsofPayment:
(8)Insurance:
(9)TimeofShipment:
(10)PortofLading:
(11)PortofDestination:
(12)Claims:
Within45daysafterthearrivalofthegoodsatthedestination,shouldthequality,Specificationsorquantitybefoundnotinconformitywiththestipulationsofthecontractexceptthoseclaimsforwhichtheinsurancecompanyortheownersofthevesselareliable.TheBuyersshall,havetherightonthestrengthoftheinspectioncertificateissuedbytheC.C.I.CandtherelativedocumentstoclaimforcompensationtotheSellers.
(13)ForceMajeure:
Thesellersshallnotbeheldresponsibleforthedelayinshipmentornon-deli-veryofthegoodsduetoForceMajeure,whichmightoccurduringtheprocessofmanufacturingorinthecourseofloadingortransit.ThesellersshalladvisetheBuyersimmediatelyoftheoccurrencementionedabovethewithinfourteendaysthereafter.TheSellersshallsendbyairmailtotheBuyersfortheiracceptancecertificateoftheaccident.UndersuchcircumstancestheSellers,however,arestillundertheobligationtotakeallnecessarymeasurestohastenthedeliveryofthegoods.(14)Arbitration:
AlldisputesinconnectionwiththeexecutionofthisContractshallbesettledfriendlythroughnegotiation.Incasenosettlementcanbereached,thecasethenmaybesubmittedforarbitrationtotheArbitrationCommissionoftheChinaCouncilforthePromotionofInternationalTradeinaccordancewiththeProvisionalRulesofProcedurepromulgatedbythesaidArbitrationCommission.TheArbitrationcommitteeshallbefinalandbindinguponbothparties.AndtheArbitrationfeeshallbebornebythelosingparties.