SALES CONTRACT
  Whole Doc.
  No:
  Date:
  For Account of:
  Indent No:
  This contract is made by and between the Sellers and the Buyers; Whereby the Sellers agree to sell and the Buyers agree to buy the undermentioned goods according to the terms and conditions stipulated below and overleaf:
  1. Names of commodity (ies) and specification(s)
  2. Quantity
  3. Unit price
  4. Amount
  TOTAL:
  __________% more or less allowed
  5. Packing:
  6. Port of Loading:
  7. Port of Destination:
  8. Shipping Marks:
  9. Time of Shipment: Within ____________________days after receipt of L/C, allowing transhipment and partial shipment.
  10. Terms of Payment:
  By 100% Confirmed, Irrevocable and Sight Letter of Credit to remain valid for negotiation in China until the 15th day after shipment.
  11. Insurance:
  Covers all risks and warrisks only as per the Clauses of the People's Insurance Company of China for 110% of the invoice value. To be effected by the Buyer.
  12. The Buyer shall establish the covering Letter of Credit before_________; failing which, the Seller reserves the right to rescind this Sales Contract without further notice, or to accept whole or any part of this Sales Contract, non-fulfilled by the Buyer, of to lodge claim for direct losses sustained, if any
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