Analyze contracts

Answer the following questions according to the contract:

1. What are the trade terms used in this transaction? Who will bear the cost of transportation and insurance? 2, write down the contract number and signing time.

3. What is the export commodity of this transaction? How much is the total contract amount?

4. How much quantity should the seller deliver? What's the delivery time?

5. What is the packing method stipulated in the contract?

6. If the Seller ships the goods at Xiamen Port, does it comply with the stipulations of the contract? What is the port of destination stipulated in the contract? 7. What is the payment method used in this transaction? Is it bank credit or commercial credit?

8. Who is responsible for the insurance for this business? What risks should be covered?

9. When is the latest time for the L/C to reach the seller? How long is it valid?

10. Please make a shipping mark for the seller.

S/C NO. : 190166 DATE: DEC.7, 2019 THE SELLER: FUJAN JINYI IMPORT \& EXPORT CO. LTD. ADDRESS: 221 WUSI ROAD HUANQIU BUILDING, FUZHOU, P.R. CHINA TEL: 0086-591-8788666 THE BUYER: COIN COPRATION ADDRESS: 5 KING ROAD, SOUTHAMPTON, UK TEL: 0044-151-7946666 THIS CONTRACT IS MADE BY AND BETWEEN THE BUYER AND THE SELLERS, WHEREBY THE BUYERS AGREE TO BUY AND THE SELLERS AGREE TO SELL THE UNDERMENTIONED COMMODITY ACCORDING TO THE TERMS AND CONDITIONS STIPULATED BELOW: MORE OR LESS 3\% OF THE QUANTITY AND AMOUNT ALLOWED COUNTRY OF ORIGIN: CHINA PACKING: TO BE PACKED OF 10PCS EACH PER EXPORT CARTON SHIPPING MARKS: MAIN MARK : TO INDICATE THE NAME, STYLE NO., QUANTITY OF COMMODITY, MEASUREMENT OF CARTON, GROSS WEIGHT, NET WEIGHT ND COUNTRY OF ORIGIN TERMS OF SHIPMENT : FROM FUZHOU, CHINA TO SOUTHAMPTON, UK NOT LATER THAN 28, FEB, 2020.PARTIAL SHIPMENT AND TRANSHIPMENT NOT ALLOWED INSURANCE: TO BE COVERED BY THE SELLER FOR 110 PERCENT OF INVOICE VALUE COVERING ALL RISKS AND WAR RISKS AS PER AND SUBJECTED TO OCEAN MARING CARGO CLAUSES OF THE PEOPLE'S INSURANCE COMPANY OF CHINA DATED 1/1/1981. TERMS OF PAYMENT : THE BUYER SHOULD OPEN AN IRREVOCABLE LETTER OF CREDIT AT 60 DAYS SIGHT THROUGH A BANK ACCEPTABLE TO THE SELLER, WHITH REMAIN VALID FOR NEGOTIATION IN UK 15 DAYS AFTER DATE OF SHIPMENT INSURANCE: BY THE BUYER REMARKS: 1 THE BUYER SHALL HAVE THE COVERING LETTER OF CREDIT REACH THE SELLER 30DAYS BEFORE SHIPMENT, FAILING WHICH THE SELLER RESERVES THE RIGHT TO RESCIND WITHOUT FURTHER NOTICE, OR TO REGARD AS STILL VALID WHOLE OR ANY PART OF THIS CONTRACT NOT FULFILLED BY THE BUYER, OR TO LODGE A CLAIM FOR LOSSES THUS SUSTAINED, IF ANY. 2 IN CASE OF ANY DISCREPANY IN QUALITY/QUANTITY, CLAIM SHOULD BE FILED BY THE BUYER WITHIN 130DAYS AFTER THE ARRIVAL OF THE GOODS AT THE PORT OF DESTINATION; WHILE FOR QUANTITY DISCREPANCY, CLAIM SHOULD BE FILED BY THE BUYER WITHIN 150DAYS AFTER THE ARRIVAL OF THE GOODS AT THE PORT OF DESTINATION