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Export, Import, Purchaing&Offer Agency, Trade Korea


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Sunday, September 2, 2007


EXPORT SALES CONTRACT

The following is just a sample of export sales contract that we generally use and
sign up with mutaul agreement before each deal. All terms and conditions can be
amended, added, deleted or negotiated with mutual agreement for mutal benefits.

EXPORT SALES CONTRACT


No : XX-XX-XXXX
Date : January __, 200X

THE SELLER : SOONO COMMERCE COMPANY


Samjun-Dong, Songpa-Gu, Seoul, Korea
Tel: 82-19-9213-xxxx Fax: 82-2-417-xxxx
A/C no. XXX-XXXX-XXX, XXX Bank � Seocho Branch.
Representative: Mr. Sung

THE BUYER: YOUR COMPANY NAME


YOUR COMPANY ADDRESS
Tel: XX-XX-XXX-XXXX Fax: XX-XX-XXX-XXXX
A/C No. XXXX, YOUR BANK INFORMATION IN HERE
Representative: Mr/Mrs. _______ � CEO/Director

This export sales contract is made out by and between the seller and the buyer
hereby the seller agrees to sell and the buyer agrees to buy the under-mentioned
goods subject to terms and conditions as follows:

1. COMMODITY AND SPECIFICATION:


PRODUCT DESCRIPTION PACKING QUANTITY UNITPRICE AMOUNT(USD)
PRODUCT NAME 1 xxxx xxx ea USDx.xx/box USDxx,xx.xx
PRODUCT NAME 2 USDx.xx/box USDxx,xxx.xx
TOTAL T/T OR C&F OR CIF BY SEA XXXXPORT(INCOTERMS 1990) USD85,576.60
Saying: U.S. Dollars Eighty Five Thousand Five Hundred and Seventy Six and Sixty
Cents Only.

2. ORIGIN: Korea

3. QUALITY OF PRODUCTS:
Fresh product (not over __months from the manufacturing date till B/L Date) in
conformity with the standard already registered with FDA or YOUR COUNTRY
REGULATIONS. Expiry date shall not be earlier than ___years from manufacturing
date.
The Manufacturer should be responsible for the quality of the above-mentioned
products till expiry date. These products should be stable in quality and does not
change in appearance in humidity and high temperature. THE TERM OF QUALITY MUST BE
DESCRIBED IN L/C.

4. SHIPMENT: Two shipments as follows:


? 1st shipment: Not later than 45 days after the signing date of contract.
? 2nd shipment: Not earlier than 45 days but not later than 60 days after the
first B/L date. Within 45 days after receiving original L/C or T/T in advance or
Purchase Order from the Buyer.
* Destination : xxxx Port, YOUR COUNTRY.
* Shipment : Any port in Korea.
* Payment: Irrevocable L/C At Sight or T/T in Advance
* Partial shipment : Allowed
* Transhipment : Allowed
* Notice of shipment: Within 7 days after the departure date of carrying vessel,
the seller will notify by Fax/Telex to Buyer following shipping particular:- Name
of nationality ship, ETD, ETA, B/L, Commercial invoice, Packing List.

5. PACKING: Export standard packing. In all the packages, there is Name of


Manufacturer, Mfg. Date, Exp. Date in English. PACKING MUST BE DESCRIBED IN THE
L/C or P/O.

6. SHIPPING MARK: RECEIVER'S ADDRESS IN DETAIL, name of product, name of


manufacturer, Lot. No., manufacture date, expiry date, origin, weight (net,
gross).

7. PAYMENT TERMS:
100% of each shipment value(USDXX,XXX.XX) shall be settled through the Bank in
KOREA by Irrevocable L/C at sight in favor of SOONO COMMERCE COMPANY, Seoul, Korea
Advising Bank: OUR BANK INFORMATION IN HERE. Seoul, Korea.
Swift code: XXXXXXXX
Account No: XXX-XXXXX-XXX

8. DOCUMENTS FOR CLEARING GOODS AND SETTLING THE PAYMENT:


- Full set (3/3) of Original Clean on Board Bill of lading issued marked freight
prepaid.
- Detailed Packing List in triplicate.
- Signed commercial invoice in triplicate.
- Certificate of insurance in triplicate.
- Certificate of origin issued by Korea Chamber Of Commerce and Industry in
triplicate.
- 3 originals of analytical report issued by manufacturer for the lot concerned.

9. INSURANCE:
Covered by the manufacturer for 110% invoice value in case of CIF.

10. PENALTY:
In case of delay payment BY THE bUYER / Shipment BY THE SELLER, the penalty for
delay interest will be based on annual rate of __% OF INVOICED VALUE.

11. INSPECTION:
The buyer shall be entitled to have the goods inspected by XXX REGUALTIONS within
one month from the arrival date. If any discrepancy arises over quality or
quantity or packing conditions, the buyer shall inform the manufacturer by fax to
that effect and lodge formal claim with supporting documents. Any such claim shall
be settled by the manufacturer upon receipt of the formal claim from the buyer.

12. ARBITRATION:
In the course of executing this contract, all disputes not resolved by amicable
agreement shall be settled by Korea International Arbitration Center of _____
whose awards shall be final and binding to both parties. The arbitration fee and
other charges shall be borne by the losing party, unless otherwise agreed.

13. INCOTERM : Unless otherwise specified herein, incoterm 1990 plus subsequent
amendments to apply.
14. OTHER CLAUSES:-MORE TERMS AND CONDITIONS FROM THE BUYER OR SELLER CAN BE ADDED
IN THIS SECTION.

* Third party shipping documents are acceptable.

* This contract is made into 2 copies in English. Each party holds 1 copies.

* This contract comes into force from the date of signing.

* Any change of the contract shall be made in written form and be subject to both
parties' agreement.

* Due to the manufacturing Lot requirements, the minimum order quantity for each
items must be consulted with us.

* Singed Purchase Order or original L/C at Sight or Export Sales Contract must be
provided.

* 10 percent more or less in quantity and amount acceptable.

* Payment: In case of L/C At Sight, all banking charges outside Korea are for
account of the Buyer. In case of delay payment by the Buyer or Issuing Bank, more
than 10(ten) banking days after beneficiary�s negotiation, the delay interest will
be at the Buyer�s account.

* In case of CIF OR CNF, due to the fluctuation of shipping cost and money
exchange rate, the offered price can be reviewed accordingly.(Quaterly price
review must be.)

* In case of CIF or CNF, all parties have to discuss and agree about the shipping
cost amd shipping company as well as payment method and so on.

* All terms and conditions as well as the price can be negotiable in terms of the
benefits of each party.

* You/We can add more terms and conditions in here with mutual agreement.

FOR THE BUYER

FOR THE SELLER

Posted by Brandon at 5:26 PM

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