In order to avoid any discrepancy in interpretation of everything related to the delivery of goods, all sales contracts must relate to the provisions of INCOTERMS (International Commercial Terms). INCOTERMS defines delivery conditions such as Free On Board (FOB), Cost and Freight (CNF), Carrier Paid To (CPT) and other species. Hence our explanation of understanding and process for establishing sales contracts. Good luck. In the event of a dispute while the contract of sale is still pending, the International Arbitration Institution will endeavor to settle civil disputes outside the courts. In order for the sales contract to be carried out, several document conditions must be established: in addition, the exporter will draw up a contract letter in the form of a purchase and sale contract containing information on force majeure (coercive circumstances) and the goods inspection clause (inspection clause). The delivery of sales contracts to importers is carried out with two duplicates when the contract letter has been signed by the exporter. Sales contracts shall be concluded in accordance with the provisions of international contract law. This creation is certainly inseparable from the basic elements of the content of the sales contract. The fundamental elements of the sales contract are explained below: Hopefully, the above information can be useful to those of you who want to carry out the buying and selling process or who are looking for information about the S&P agreement. The payment terms offered for sales contracts consist of two types, namely the use of credit (L / C) and without credit (L / C). Akkreditiv (L/C) means a letter of guarantee addressed to the exporter by the bank issuing an order for payment on the nominal payment period and the additional period indicated by the importer.
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