Terms & Condition

DEFINITIONS:

1.METRIC TONS: A measure of weight equivalent to one thousand kilograms mass(1.000kg).

2.COMMODITY: Referred to as product name....Elsewhere in this Contract also referred to as “Product” which specifications are detailed below, which is an integral part of the agreement

CLAUSES

1.SCOPE OF CONTRACT:

1.1 Seller and Buyer, under full corporate authority and responsibility respectively represent that the Seller is a lawful owner of the commodity,

 in quantity, quality and durability as hereunder specified, and the Buyer has the full capability to purchase the said commodity.

1.2 This contract/agreement shall be valid for this transaction alone.

1.3 Payment for this transaction shall be in USD (United States Dollars).


2.COMMODITY:

........Product name......


2.1 The product having the contractual guaranteed specifications


3.Origin:  EGYPT


4.PACKING:  As requested by the buyer


5.Size:          As requested by the buyer

 

6.QUANTITY:   0000 MT


7.QUALITY:

7.1 For the full duration of the Contract, the Seller guarantees that the quality of the product sold will conform to the guaranteed specifications as reported on CLAUSE 1

COMMODITY of the contract, Quality of the product will be confirmed by SGS at the port of loading. (Optional (


8.PRICE: 

8.1 The price for one MT is $0000 USD 

8.2 The total quantity is 0000 MT

8.3 Buyer and seller agree that price for the commodity will stay till the end of the contractual period.

8.4 PAYMENTS SHALL BE MADE IN USD

8.5 TOTAL CONTRACT PRICE IS $0000 USD 

8.6 TOTAL CONTRACT DURATION: 00 MONTHS


9.DELIVERY TIME:

9.1 The Seller shall deliver the shipment to port of loading within 7 days from the date of receiving One of the following payment methods

·         100 % Irrevocable & Confirmed letter of credit at sight against shipping documents

·         50% Telegraphic Transfer advance and 50% against shipping documents.

·         

 

 

10.PAYMENT TERMS & CONDITIONS: One of the following payment methods

·         100 % Irrevocable & Confirmed letter of credit at sight against shipping documents

·         50% Telegraphic Transfer advance and 50% against shipping documents

·      

 

 

11.PROCEDURE:

11.1 Seller would issue an initial Draft Contract Agreement to the Buyer, upon acceptance of all contracted terms buyer and seller signs and seal the contract in a way most convenient to both Buyer and Seller, the detail of this draft contract maybe fixed and considered valid for the final contract, which the buyer and seller will sign and sent copies via EMAIL

11.2 Proforma Invoice is issued accordingly 

11.3 The buyer will choose one of the following payment methods

·         100 % Irrevocable & Confirmed letter of credit at sight against shipping documents

·         50% Telegraphic Transfer advance and 50% against shipping documents.

·    

11.4 The Seller shall deliver the shipment within 7 days from the date of receiving

 one of the following payment methods

·          100 % Irrevocable & Confirmed letter of credit at sight against shipping documents

·          50% Telegraphic Transfer advance and 50% against shipping documents.

·         

11.5 All shipping documents copy will be sent to the Seller bank for confirmation and verification 

11.6 Upon confirmation of shipping documents by the Seller bank, Payment is made accordingly by the buyer bank.) If the buyer chose L / C as payment method)

 

12.DOCUMENTS:

12.1 Original Commercial Invoice

12.2 Packing list

12.3 Origin Certificate

12.4 Phytosanitary Certificate

12.5 Original Bill of lading

12.6 Original Marine Insurance. (Optional (

 

13.DELIVERY:

13.1 The Seller warrants performing delivery time of the transacted Commodity on loading port.


13.2 Destination: As requested by the buyer


14. INSPECTION:

14.1 Inspection shall be performed by an accredited Independent Surveyor at loading port at buyer cost.    (Optional (

 

 

 

15. TAXES, OBLIGATIONS AND IMPORTS:

 

15.1 The Seller shall pay all duties including export duty and taxes of any kind whatsoever related to the performance of the Contract and collected up to the nominated loading port and loading in the vessel.

15.2 The Buyer shall pay all and any taxes, duties, levies at the destination port related to the performance of this Contract after discharge of the Product from the vessel.

15.3 The buyer will pay for any cost of unloading delay to the freight company.