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Sales Contract: by Medhat Saad Eldin

This document is a sales contract between a seller and buyer that outlines 14 terms for their transaction. It specifies details such as the commodity being sold, quantity, unit price, payment terms including letters of credit, packing, insurance, quality/quantity claims process, arbitration of disputes, and notices. The contract is written in both Chinese and English and takes effect once signed by both parties.

Uploaded by

Medhat Saad Eldin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Topics covered

  • Goods Quality,
  • Address Changes,
  • Contractual Execution,
  • Liability,
  • Buyer Responsibilities,
  • Trade Agreements,
  • Trade Compliance,
  • Arbitration,
  • Legal Framework,
  • Payment Terms
440 views5 pages

Sales Contract: by Medhat Saad Eldin

This document is a sales contract between a seller and buyer that outlines 14 terms for their transaction. It specifies details such as the commodity being sold, quantity, unit price, payment terms including letters of credit, packing, insurance, quality/quantity claims process, arbitration of disputes, and notices. The contract is written in both Chinese and English and takes effect once signed by both parties.

Uploaded by

Medhat Saad Eldin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Topics covered

  • Goods Quality,
  • Address Changes,
  • Contractual Execution,
  • Liability,
  • Buyer Responsibilities,
  • Trade Agreements,
  • Trade Compliance,
  • Arbitration,
  • Legal Framework,
  • Payment Terms
  • Sales Contract Introduction: Presents the sales contract including author details and document purpose.
  • Party Details: Lists the involved parties including seller and buyer contact information.
  • Terms and Conditions: Outlines key contractual terms such as commodities, quantities, delivery, and payment terms.
  • Insurance: Describes insurance coverage and claims process in case of discrepancies.
  • Final Provisions: Covers arbitration, notice requirements, and execution details for the contract.

Sales Contract

By
Medhat Saad Eldin
Lawyer at Cassation Court
&
Economic court in Egypt

1|Page

Sales Contract

(No.):

___

(Signed at):
(Date):

____

(Seller):

(Address):

(Fax)

(Tel):

(E-mail):

(Buyer):

(Address):

(Fax) :

(Tel):

(E-mail):

_______

____

The undersigned Seller and Buyer have agreed to close the following transactions
According to the terms and conditions set forth as below:

1. (Name, Specifications and Quality of Commodity):

2|Page

2.

Quantity

3. (Unit Price and Terms of Delivery):

FOB CFR Or CIF (INCOTERMS 2000))


The terms FOB, CFR, Or CIF shall be subject to the International Rules for the
Interpretation of Trade Terms (INCOTERMS 2000) provided by International Chamber
Of Commerce (ICC) unless otherwise stipulated herein.)

4. (Total Amount):
5.

More or Less: %

6. Time of Shipment

Within _____ days after receipt of L/C allowing transshipment and partial shipment.

7. Terms of Payment

By Confirmed, Irrevocable, Transferable and Divisible L/C to be available by sight


Draft to reach the Seller before ______ and to remain valid for negotiation in China
Until ______after the Time of Shipment. The L/C must specify that transshipment and
Partial shipments are allowed.

The Buyer shall establish a Letter of Credit before the above-stipulated time, failing
Which, the Seller shall have the right to rescind this Contract upon the arrival of the
Notice at Buyer or to accept whole or part of this Contract non fulfilled by the Buyer,
Or to lodge a claim for the direct losses sustained, if any.

8. Packing

3|Page

9. Insurance

Covering ___ Risks for_____110% of Invoice Value to be effected by the


____________.
10. (Quality/Quantity discrepancy)

In case of quality discrepancy, claim should be filed by the Buyer within 30 days after
The arrival of the goods at port of destination, while for quantity discrepancy, claim
Should be filed by the Buyer within 15 days after the arrival of the goods at port of
Destination .

It is understood that the Seller shall not be liable for any discrepancy of
The goods shipped due to causes for which the Insurance Company, Shipping
Company, other Transportation Organization /or Post Office are liable.

11. The Seller shall not be held responsible for failure or delay in delivery of the
Entire lot or a portion of the goods under this Sales Contract in consequence of any
Force Majeure incidents which might occur.
Force Majeure as referred to in this Contract means unforeseeable, unavoidable and
Insurmountable objective conditions.
12.

Arbitration:

Any dispute arising from or in connection with the Sales Contract shall be settled
Through friendly negotiation. In case no settlement can be reached, the dispute shall
Then be submitted to China International Economic and Trade Arbitration
Commission (CIETAC) ,South China Sub-Commission for arbitration in accordance
With its rules in effect at the time of applying for arbitration.

4|Page

The arbitral award is final and binding upon both parties.

13. Notices

All notice shall be written in _____ and served to both parties by fax/e-mail /courier
According to the following addresses. If any changes of the addresses occur, one
Party shall inform the other party of the change of address within ____ days after the
Change .

14. This Contract is executed in two counterparts each in Chinese and English, each
Of which shall be deemed equally authentic. This Contract is in _____ copies
Effective since being signed/sealed by both parties.

The Seller:

5|Page

The Buyer:

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