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InternationalTradePractices

BasedontheTextbook《国际贸易实务》(英),机械工业出版社,202401LearningObjectivesHaveageneralunderstandingontheprocedureofimportandexport,andcross-borderelectronicbusinessBeabletoconcludeawrittencontractfortheinternationalsalesofgoodsBeabletoexecutethecontractforinternationalsalesofgoodsEncourageChinesestudentstotaketheinitiativetoshouldertheresponsibilityofbuildingapowerfultradingcountry,whiletheinternationalstudentscan“knowChina,loveChina,makefriendswithChina,andassistChina”03Textbook&ReferenceMaterialsTextbook尤宏兵,许立帆,《国际贸易实务》(英),机械工业出版社,2024ReferenceMaterials黎孝先,石玉川,王健,国际贸易实务(第七版),对外经济贸易大学出版社,2020周瑞琪,国际贸易实务(英文版)(第五版),对外经济贸易大学出版社,2020帅建林,国际贸易实务(英文版)(第四版),对外经济贸易大学出版社,2020尤宏兵,国际贸易实务,人民邮电出版社,2016部分国际经贸组织及网址

SomeInternationalEconomicandTradeOrganizations&theirWebsites国际商会:ICC(InternationalChamberofCommerce)世界贸易组织:WTO(WorldTradeOrganization)联合国贸易与发展会议:UNCTAD(UnitedNationsConferenceonTradeandDevelopment)/经济合作与发展组织:OECD(OrganizationforEconomicCo-operationandDevelopment)/国际货物买卖法

LawontheInternationalSaleofGoodsandmajorinternationaltradepractices《联合国国际货物销售合同公约》theUnitedNationsConventiononContractsfortheInternationalSaleofGoods(CISG)1988年公约在达到法定批准国家数额后正式生效1986年12月11日中国交存核准书,提交核准书时提出了两项保留意见:(1)不同意扩大《公约》的适用范围,只同意《公约》适用于缔约国的当事人之间签订的合同;(2)不同意用书面以外的其他形式订立、修改和终止合同。2013年1月中国政府正式通知联合国秘书长,撤回对《联合国国际货物销售合同公约》所作“不受公约第十一条及与第十一条内容有关的规定的约束”的声明,该撤回已正式生效。【第十一条销售合同无须以书面订立或书面证明,在形式方面也不受任何其它条件的限制。销售合同可以用包括人证在内的任何方法证明。】与进出口相关的国内法规

DomesticLaws&RegulationsrelatedtoForeignTrade

(国家法律法规数据库,/)《中华人民共和国国境卫生检疫法》(自2025年1月1日起施行)《中华人民共和国关税法》(自2024年12月1日起施行)《中华人民共和国对外关系法》(自2023年7月1日起施行)《中华人民共和国生物安全法》(自2021年4月15日起施行)《中华人民共和国民法典》(自2021年1月1日起施行)《中华人民共和国出口管制法》(自2020年12月1日起施行)《中华人民共和国对外贸易法》(自2004年7月1日起施行,2022年12月30日第二次修正)《中华人民共和国票据法》(自1996年1月1日起施行,2024年8月28日修正)《中华人民共和国进出口商品检验法》(自1989年8月1日起施行,2018年4月27日第三次修正)《中华人民共和国海关法》(自1987年7月1日起施行,2021年4月29日第六次修正)《中华人民共和国国境卫生检疫法》(自1987年5月1日起施行,2018年4月27日第三次修正)主要国际贸易惯例

LawontheInternationalSaleofGoodsandmajorinternationaltradepractices《贸易术语解释的国际规则》InternationalRulesfortheInterpretationofTradeTerms,2020edition(INCOTERMS2020)国际货物买卖法及主要国际贸易惯例

LawontheInternationalSaleofGoodsandmajorinternationaltradepractices《托收统一规则》TheUniformRulesforCollection(URC)国际商会为统一托收业务的做法,减少托收业务各有关当事人可能产生的矛盾和纠纷,于1958年草拟《商业单据托收统一规则》。1995年再次修订,称为《托收统一规则》国际商会第522号出版物(简称《URC522》),1996年1月1日实施。主要国际贸易惯例

LawontheInternationalSaleofGoodsandmajorinternationaltradepractices《跟单信用证统一惯例》UniformCustomsandPracticeforDocumentaryCredits(UCP)国际商会为明确信用证有关当事人的权利、责任、付款的定义和术语,减少因解释不同而引起各有关当事人之间的争议和纠纷,调和各有关当事人之间的矛盾,于1930年拟订一套《商业跟单信用证统一惯例》,后在1951年,1962年,1974年,1978年,1983年、1993年进行了多次修订,被称为《跟单信用证统一惯例》,并被各国银行和贸易界广泛采用最新版为2007年版本,国际商会第600号出版物,简称UCP60004TeachingMethodsLecturesCaseStudySimulationNegotiation04ContentsCh1IntroductionCh2PreparationforInternationalTradeCh3InternationalTradeNegotiationCh4SubjectmatteroftheS/CCh5PriceCh6InternationalcargoTransportCh7InternationalcargoTransportInsuranceCh8InternationalcargoPaymentCh9GeneralTermsCh10PerformanceoftheContractCh11Cross-borderE-commerceCh1IntroductiontoInternationalTradePracticesBasedontheTextbook《国际贸易实务》(英),机械工业出版社,2024LearningObjectivesUnderstandtheconceptandcharacteristicsofinternationaltradepracticesBefamiliarwiththegeneralprocedureofinternationaltradepracticesGetageneralinformationonthecontentsthecourse11/11/2024131.1Concept1.1.1ConceptThesaleofgoodsbetweenpartieswhoseplacesofbusinessareindifferentStates.CISG[UnitedNationsConventiononContractsfortheInternationalSaleofGoods(1980)]11/11/202414CISGFourSections(tobecontinued):Generalprovisions,includingrulesonthescopeofitsapplicationsandrulesofinterpretationTheformationofcontractsTherightsandobligationsofbuyersandsellersProvisionsfortheratificationandtheentryintoforceoftheConvention11/11/202415CISGTransactionscoveredinCISG(continued):Either(1)bothofthestatesmustbecontractingpartiestotheconventionor;(2)Therulesofprivateinternationallawmustleadtotheapplicationofthelawofacontractingstate.11/11/202416UnderstandtheConceptofInternationalTradePracticefromthefollowingThreefactorsPartiesconcernedthebuyerandthesellermusthavetheirplacesofbusinessindifferentstates(theCISG)Subject

matter:physical(visible)cargosContract-internationalsalescontract11/11/2024171.1.2Whydowelearnthiscourse?theforeigntradehassurelybeentheenginefortheeconomicdevelopmentinChina.ChinatheTop1exportingcountrysince2009TheTop1tradecountrysince2013ThetotalamountofforeigntradewasUSD5,925.72billionin2023,11.63timesofthatin2001whenChinajoinedintheWTO,andabout287.1timesofthatin1978whenChinabegantoopentotheoutside11/11/2024181.1.3CourseArrangement3credits;48hours.LearningMethods:LecturesExercisesonandafterclassCaseStudiesSimulationNegotiation

1.2Characteristicsofinternationaltrade(1)MoredifficultDifferenttradingcountries/regionshaveLanguagescurrenciesmeasuringsystembusinesspracticescustomsandtraderegulationsLegalsystemcommunicationsytleMeasuringUnitsLongTonMetricton(M/T)ShortTonweight(Britishton)1longton=1.016M/T=2240lbMetricSystem1metricton(M/T)1000kgs=2204.67lb(Americanton)1shortton=0.907M/T=2000lbBritishSystemAmericanSystem2211/11/2024(2)MorecomplicatedMorepartiesconcerned2311/11/2024MorepartiesinvolvedMainpartiesconcerned

Importer&ExporterRelativepartiesProducer/manufacturer/processorTransportBankOceanPort/railwaystation/airportInsuranceCompany/underwriterCommodityInspectionInstitutionCustomsForeignexchangecontroldepartmentAgentsChamberofcommerce……2411/11/2024(3)MorerisksPoliticalriskForeignexchangerateriskCulturalriskCreditrisksTransportrisksCommercialrisksDelivery2511/11/20241.3GeneralProceduresofInternationalTradeStepⅠ:PreparationforInternationalTradeStepⅡ:InternationalTradeNegotiationStepⅢ:TermsofInternationalTradeStepⅣ:PerformanceofContractforInternationalSalesofGoodsStepⅤ:Claim&Settlementforclaim2611/11/20241.3GeneralProceduresforInternationalTradeStepⅠ:PreparationWellBegun,HalfDone5WWhereWhomWhenHowWhichprice2711/11/2024StepⅡNegotiationofInternationalTradethedealingsbetweenSellerandBuyerinordertoreachanagreementonthetermsoftrade,suchasquality,quantity,price,shipment,payment,etc.2811/11/2024Fourstages/linksEnquire(询盘)Offer(发盘)Counter-offer(还盘)Accept(接受)2911/11/2024StepⅢ:TermsofContractofInternationalSalesofGoodsOral/written/electronicformAccordingtointernationaltradepractice,thesellerandthebuyerstillhavetosignawrittensalescontractorsalesconfirmation,bindingthemall,tofurtherdefinetheirrightsandobligationsrespectively.3011/11/2024Contract

Heading(约首)Text(本文/权力与义务)Ending(约尾/效力,effect)3111/11/2024Text(rightsandduties)MainclausesNameofcommodityQualityQuantityPackingPriceTransportPaymentInsurance3211/11/2024Generalclauses/termsCommodityinspectionClaimDisputeForcemajeure3311/11/2024StepIV:Performance/ExecutionoftheContractTohonorcontractsandmaintaincommercialintegrity.3411/11/2024StepV:Claim&Settlementforclaim3511/11/2024HomeworkWhatkindsofskillsand/orabilitiesshouldasuccessfulinternationalbusinessmenhave?Trytofindseveralsamplecontractforinternationalsalesofgoods,thenreadthem,andtrytounderstandtheirstructure.Ch2Preparation-takingExportasanExampleBasedontheTextbook《国际贸易实务》(英),机械工业出版社,2024LearningObjectivesRecognizethemaintasksforexport/importpreparationUnderstandhowtopreparingthegoodsbeforethenegotiationUnderstandhowtowriteaneffectivebusinesslettertoestablishthebusinessrelationshipContentsforthePreparationofExportMarketsurveyTomakesurethesourcesofthegoodsTosetuptheexportationoperationplanToestablishthenegotiationteamTomakesurethekeytradetermscleartoagreatextentinthefuturecontractTopromoteandadvertisethegoodsintheimportingcountry/regionToestablishbusinessrelationship2.1MarketSurveyGoal:tofindthesuitablemarketandthepotentialcustomers2.1.1OverseasMarketResearchCountry/RegionSurveySpecificMarketResearchCustomerResearch(1)Country/RegionSurveyaimstounderstandthetradepartnersfromthefollowingaspectsPoliticalEconomicSocialandculturalTechnicalbemainlydonebythegovernments:WTO,FTA(中国自由贸易区服务网:/)(2)SpecificMarketResearch5WWhereWhomWhenHowWhich(3)CustomerResearchbasicinformationbackgroundPaymentabilityoperationabilitybusinessstylemajorcustomersandbusinesscultureetc.2.2ToMakeSuretheSourcesoftheGoodswhetherthegoodscanbeallowedtobeexported?whocansupplyormanufacture?whetherthequalityand/orquantitymeettherequirementsintheforeignmarkets?

2.3ToSetUptheExportationOperationPlan2.3.1Contents(1)domesticcommoditysupply(2)overseasmarketsituations(3)exportexperiences(4)economicperformance(5)businessplanarrangementandimplementation2.3ToSetUptheExportationOperationPlan2.3.2PrinciplesforFormulatingExportPlanFeasibilityBeSpecificEffectivenessVariability2.4ToEstablishtheNegotiationGroup(1)TheTeamScaleandStructure.Scale.structure:reasonable,thedivisionoflaborisclear(2)ThePersonnelCharacteristicAsanegotiator,heshould-begoodcharacter,skilledinbusiness,quickinthinking,havegoodinsightandjudgmentability;-begoodatusingstrategiesandmakefriends,havethecourage,bepatienceandsteady.2.5ToMakeSuretheKeyTradeTermsClearintheContractKeyConditionsnameofthegoodsQualityQuantityPackingPriceTransportInsurancePaymentetc;GeneralConditionscommodityinspectionClaimArbitrationForcemajeure2.6ToPromoteandAdvertisetheGoodsintheImportingCountriesStrategies:choosesuitablechannelstoadvertiseregisteryourtrademarkand/ortechnologypromoteyourcommodity/commoditiesintheimportingcountry/region2.7ToEstablishBusinessRelationshipFirst,toexplainthesourcesoftheinformationoftheoppositesideSecond,tomakeclearyourgoalThird,toIntroducethewriterhimselfForth,toIntroducetheProductsFifth,toEndbyInspiringMethodQuestions1.Generallyspeaking,weshouldchoosewhichlaws/actstosettlethedisputeandwhy?2.Howtoevaluatethepotentialtradepartner’scredit?3.DoyouthinkthatitisnecessaryforustoproducealltheexportproductsorestablishourownfactoryafterwehaveconcludedaSalescontracthoweverwehavenotthefactory?HomeworkFinishtheexerciseinChapter2inthetextbook.Ch3InternationalTradeNegotiationLearningObjectivesUnderstandtheinternationaltradenegotiationmethodsRecognizethegeneralinternationaltradenegotiationprocedure,especiallythetwokeyprocedures:offerandacceptanceIdentifydifferencesbetweenthewithdrawalandrevocationoftheofferIdentifywhenandhowtorevoketheacceptanceUnderstandtheimportanceandkeycontentsofthewrittencontractforinternationalsaleofgoods3.1NegotiationFormOralNegotiationface-to-facenegotiationnegotiationthroughthetelephoneWrittenNegotiation3.2MainStepsEnquiryOfferCounter-offerAcceptance3.2.1EnquiryConceptCategoriesCharacteristicsWhydoesoneinquire?AttentionwhenmakingEnquiryHowtoreplyenquirieseffectively?(1)ConceptAnenquiryreferstothatthesellerorthebuyeraskstheoppositesideaboutthetradetermsandconditionssoastosellorbuysomethingorreachanagreementwithreservations.Initiatedbyeitherthesellerorthebuyerwithoutenquirybeingmadefirst.(2)CategoriesThebidorinvitationtooffer,inwhichtheenquirywasmadebythebuyerExamples-Weareinterestedinthesoyabeans.Pleaseoffer.Thesellinginquiry,inwhichtheenquirywasmadebytheseller-WecansupplyNORTHEASTSOYABEANPLEASEBID-WecansupplyMAXAMBRANDDENTALCREAMUSD5PERPi-ECESHIPMENTONMARCHCABLEREPLYIFINTERESTED(3)CharacteristicsNotbinduponbothparties,butusuallywhenyoureceiveaninquiry,youshouldreplyitassoonaspossible.Togiveatoolowpriceinordertoattractthebuyertomakeanofferetcisnotrecommended.(4)Whydoesoneinquire?TotrytogaintheinitiativeOnewaytogetthe

marketinformation(5)AttentionwhenmakingEnquiryDonotgiveawayrealintentionsintheEnquiryAskfor

moreinformationbesidesthepricesofthegoodsBrief,specific,courteousandreasonable(6)HowtoreplyenquirieseffectivelyConcludewithoneortwolinesencouragingthecustomertoplaceordersandassuringthemofgoodservice3.2.2OfferConceptThebasicconditionsforaneffectiveofferCategoriesExpiryDateThewithdrawalandrevocationofoffer(1)ConceptCISGArticle14(1)stipulates:Aproposalforconcludingacontractaddressedtooneormorespecificpersonsconstitutesanofferifitissufficientlydefiniteandindicatestheintentionoftheofferortobeboundincaseofacceptance.Aproposalissufficientlydefiniteifitindicatesthegoodsandexpresslyorimplicitlyfixesormakesprovisionfordeterminingthequantityandtheprice.(2)PartiesConcernedOfferor:theonewhoputsforwardtheproposalOfferee:theonewhowasaddressedtheproposal(3)ThePrerequisitesforaValidofferFirst,theoffereeshouldbespecificCISGArticle14(1):Aproposalotherthanoneaddressedtooneormorespecificpersonsistobeconsideredmerelyasaninvitationtomakeoffers,…….Second,TohaveanintentiontosignacontractInpractice:firmoffer,offerwithengagement,etc.(3)ThePrerequisitesforaValidofferThird,

contentsoftheoffershallbesufficientlydefiniteJustasCISGArticle14(1)says:Aproposalissufficientlydefiniteifitindicatesthegoodsandexpresslyorimplicitlyfixesormakesprovisionfordeterminingthequantityandtheprice(3)ThePrerequisitesforaValidoffersufficientlydefiniteCISGArticle14(1)tellsusthatthemaintradetermsneededforanofferare:thegoods(itincludesthenameofthecommodityandthequality);quantity;price.(3)ThePrerequisitesforaValidofferForth,toreachtheofferee(4)ExpiryDate/validityExpiryDatereferstothetimeorperiodfortheoffereetoaccepttheofferItisunnecessaryintheCISGHowever,inpractice,itispopulartodescribetheexpirydateintheofferMethodstostipulatethevalidityofanofferStipulatethelatestdateforacceptancePleasereplyherenotlaterthanSept.10th,2024FixaperiodoftimeforacceptanceItisgoodfor5days.Theofferisvalidfor3days.Replyimmediately/ReplyassoonaspossibleInpractice,replywithin2or3dayswouldbebetter.NodurationItdoesnotmeanthattheoffereecanaccepttheofferinanytime.Generally,theacceptanceshouldbesentbythesamewayorfasterthantheoffer.WhentherewerenodurationintheofferAccordingtotheCISGArticle18(2):“Anacceptanceisnoteffectiveiftheindicationofassentdoesnotreachtheofferorwithinthetimehehasfixedor,ifnotimeisfixed,withinareasonabletime.……Anoraloffer,unlessotherwiseagreed,mustbeacceptedimmediatelyunlessthecircumstancesindicateotherwise.”(5)ThewithdrawalandrevocationofofferWithdrawalTowithdrawanoffer:theofferormodifiesorcancelstheofferwhichhasnotarrivedintheoffereeCISGArticle15(2):“Anoffer,evenifitisirrevocable,maybewithdrawnifthewithdrawalreachestheoffereebeforeoratthesameti-meastheoffer.”(5)ThewithdrawalandrevocationofofferRevocationWhileCISGArt16(1)stipulates:“Untilacontractisconcludedanoffermayberevokediftherevocationreachestheoffereebeforehehasdispatchedanacceptance.However,anoffercannotberevoked.(a)ifitindicates,whetherbystatingafixedtimeforacceptanceorotherwise,thatitisirrevocable;or(b)ifitwasreasonablefortheoffereetoreplyontheofferasbeingirrevocableandtheoffereehasactedinrelianceontheoffer.”QuestionsWhetherthefollowingareofferornotandwhy?(1)Auctionannouncement(2)AnAmericanexporteragreestoexportacertainkindofchipstoChinaifhehasgottheexportlicensefromtheAmericangovernment?3.2.3Counter-offertheoffereemakesanindicationofmodificationoralterationonthecontentsoftheoffernotonlyakindofrefusaltotheofferbutalsoanewofferissuedbytheofferee.CISGArticle19(1):“Areplytoanofferwhichpurportstobeanacceptancebutcontainsadditions,limitationsorothermodificationsisarejectionoftheofferandconstitutesacounter-offer.”3.2.4AcceptConceptRevocationofAcceptance(1)conceptCISGArticle18stipulates“Astatementmadebyorotherconductoftheoffereeindicatingassenttoanofferisanacceptance.Silenceorinactivit-ydoesnotinitselfamounttoacceptance.”(2)Perquisitesforavalidacceptancemustbeclearlyexpressedbytheofferee’smustbeexpressedmustbeacceptedabsolutelyandunconditionallymustreachtheofferorwithinthevalidperiodofafirmoffer(3)RevocationofAcceptanceCISGArticle22:“Anacceptancemaybewithdrawnifthewithdrawalreachestheofferorbeforeoratthesametimeastheacceptancewouldhavebecomeeffective.”3.4WrittenContractContractFormofContractContentsoftheWrittenContractModificationorTerminationofContract3.4WrittenContract(1)ConceptofContractalegalbindingagreementoralegaldocumenttodemonstratetherelationshipoftwoormorethantwopartiesaswellassettingoutwhattheymustdoandmustnottodoinordertoperformvarietyofactiontogainvaluablebenefits.contract/confirmation(asimplecontract)SalesContract(S/C):draftedbytheSeller/PurchaseContract):draftedbytheBuyer3.4WrittenContract(2)FormofContract(tobecontinued)Article11intheCISG:Acontractofsaleneednotbeconcludedinorevidencedbywritingandisnotsubjecttoanyotherrequirementastoform.Itmaybeprovedbyanymeans,includingwitnesses.Article469inCivilCodeofthePeople’sRepublicofChina:Thepartiesmayconcludeacontractinwriting,orally,orinotherforms.Awritingreferstoanyformthatrendersthecontentcontainedthereincapableofbeingrepresentedinatangibleform,suchasawrittenagreement,letter,telegram,telex,orfacsimile.3.4WrittenContract(2)FormofContract(tobecontinued)OralcontractWrittencontractTheotherform(witnesses(CISG,CivilCodeofthePeople’sRepublicofChina)3.4WrittenContract(2)FormofContract(continued)QuestionsQ1:Amongthoseformsofcontractmentioned–above,whichonedoyoupreferandwhy?Q2:Electroniccontractisakindofwrittencontract.TrueorFalse?Article469(CivilCodeofthePeople’sRepublicofChina):Adatamessageinanyform,suchaselectronicdatainterchangeande-mails,thatrendersthecontentcontainedthereincapableofbeingrepresentedinatangibleformandaccessibleforreferenceanduseatanytimeshallbedeemedasawriting.3.4WrittenContract(3)

ContentsoftheWrittenContract(tobecontinued)StructureTitle-标题【Forexample:

Contract/Sales

Contract】TheHead(Preamble)-约首TheBody/TermsandConditions-本文TheEnding/Execution-约尾3.4WrittenContract(3)

ContentsoftheWrittenContract(tobecontinued)TheHead(Preamble)-约首Example

1ContractNO:Signedat:Date:TheBuyer:【Generally,itincludesthename,detailedaddress,Tel.number,PostCode,Emailaddress,website】

TheSeller:3.4WrittenContract(3)

ContentsoftheWrittenContract(tobecontinued)TheHead(Preamble)-约首Example

2

OriginalContractNo:Signedat:Date:PartyA:【Generally,itincludesthename,detailedaddress,Tel.number,PostCode,Emailaddress,website】

PartyB:Throughfriendlynegotiation,PartyAagreestosellandPartyBagreestobuythementionedgoodsonthetermsandconditionsstatedbelow.3.4WrittenContract(3)

ContentsoftheWrittenContract(tobecontinued)TheBody/TermsandConditions-本文(seenext2pages)CivilCodeofthePeople’sRepublicofChinaArticle470Thecontentofacontractshallbeagreedbythepartiesandgenerallyincludesthefollowingclauses:(1)nameordesignationanddomicileofeachparty;(2)objects;(3)quantity;(4)quality;(5)priceorremuneration;(6)timeperiod,place,andmannerofperformance;(7)defaultliability;and(8)disputeresolution.Thepartiesmayconcludeacontractwithreferencetothevarioustypesofmodelcontracts.Throughfriendlynegotiation,theBuyersagreetobuyandtheSellersagreetosellthefollowinggoodsontermsandconditionsstatedbelow:(1)NameofCommodity,SpecificationsandPacking(2)Quantity(3)UnitPrice:(4)TotalAmount:(ShipmentQuantity%moreorlessallowed)(5)TimeofShipment:(6)Portofloading:(7)PortofDestination:(8)Insurance:Tobecoveredbythe___for110%oftheinvoicevalueagainst______.(9)TermsofPayment:Byirrevocable,non-transferableletterofcreditinfavorof_____payableatsightwithTTreimbursementclause/___days/sight/dateallowingpartialshipmentandtransshipment.ThecoveringLetterofCreditmustreachtheSellersbefore_____andistoremainvalidin_____Chinauntilthe15thdayaftertheaforesaidtimeofshipment,failingwhichtheSellersreservetherighttocancelthisSalesContractwithoutfurthernoticeandtoclaimfromtheBuyersforlossesresultingtherefrom.(10)Inspection:TheInspectionCertificateofQuality/Quantity/Weight/Packing/Sanitationissuedby_______ofChinashallberegardedasevidenceoftheSellers’delivery.(11)ShippingMarks:OTHERTERMS:1.Discrepancy:Incaseofqualitydiscrepancy,claimshouldbelodgedbytheBuyerswithin30daysafterthearrivalofthegoodsattheportofdestination,whileforquantitydiscrepancy,claimshouldbelodgedbytheBuyerswithin15daysafterthearrivalofthegoodsattheportofdestination.Inallcases,claimsmustbeaccompaniedbySurveyReportsofRecognizedPublicSurveyorsagreedtobytheSellers.ShouldtheresponsibilityofthesubjectunderclaimbefoundtorestonthepartoftheSellers,theSellersshall,within20daysafterreceiptoftheclaim,sendtheirreplytotheBuyerstogetherwithsuggestionforsettlement.2.ThecoveringLetterofCreditshallstipulatetheSellers’soptionofshippingtheindicatedpercentagemoreorlessthanthequantityherebycontractedandbenegotiatedfortheamountcoveringthevalueofquantityactuallyshipped.(TheBuyersarerequestedtoestablishtheL/CinamountwiththeindicatedpercentageoverthetotalvalueoftheorderasperthisSalesContract.)3.ThecontentsofthecoveringLetterofCreditshallbeinstrictconformitywiththestipulationsoftheSalesContract.IncaseofanyvariationthereofnecessitatingamendmentoftheL/C,theBuyersshallbeartheexpensesforeffectingtheamendment.TheSellersshallnotbeheldresponsibleforpossibledelayofshipmentresultingfromawaitingtheamendmentoftheL/CandreservetherighttoclaimfromtheBuyersforthelossesresultingtherefrom.4.ExceptincaseswheretheinsuranceiscoveredbytheBuyersasarranged,insuranceistobecoveredbytheSellerswithaChineseinsurancecompany.Ifinsuranceforadditionalamountand/orforotherinsurancetermsisrequiredbytheBuyers,priornoticetothiseffectmustreachtheSellersbeforeshipmentandissubjecttotheSellers’agreement,andtheextrainsurancepremiumshallbefortheBuyers’account.5.TheSellersshallnotbeheldresponsibleiftheyfail,owingtoForceMajeurecauseorcauses,tomakedeliverywithinthetimestipulatedinthisSalesContractorcannotdeliverthegoods.However,theSellersshallinformimmediatelytheBuyersbycable.TheSellersshalldelivertotheBuyersbyregisteredletter,ifitisrequestedbytheBuyers,acertificateissuedbytheChinaCouncilforthePromotionofInternationalTradeorbyanycompetentauthorities,attestingtheexistenceofthesaidcauseorcauses.TheBuyers’failuretoobtaintherelativeImportLicenceisnottobetreatedasForceMajeure.6.Arbitration:AlldisputesarisinginconnectionwiththisSalesContractortheexecutionthereofshallbesettledbywayofamicablenegotiation.Incasenosettlementcanbereached,thecaseatissueshallthenbesubmittedforarbitrationtotheChinaInternationalEconomicandTradeArbitrationCommissioninaccordancewiththeprovisionsofthesaidCommission.TheawardbythesaidCommissionshallbedeemedasfinalandbindinguponbothparties.7.SupplementaryCondition(s)(ShouldthearticlesstipulatedinthisContractbeinconflictwiththefollowingsupplementarycondition(s),thesupplementarycondition(s)shouldbetakenasvalidandbinding.)3.4

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