Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer required as soon as possible the last two pictures are the same as the 2nd picture VII. Contract drafting (10) Suppose your were the

answer required as soon as possible image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
the last two pictures are the same as the 2nd picture
VII. Contract drafting (10) Suppose your were the seller, draft the contract with NEO General Trading co. On the basis of following information. Seller: Zhe Jiang Sunflower Import and Export Company Address: No. 288, Liu He Road, Xi Hu District, Hangzhou, China Buyer: NEO GENERAL TRADING CO. #362 JALAN STREET, TORONTO, CANADA CHINESE CERAMIC DINNERWARE 07001 48-Piece Dinnerware and Tea Set CIF Toronto 48 USD per set Port of shipment: Shanghai Port of destination: Toronto Insurance: WPA, Clash and breakage risks Payment method: letter of credit Shipment should be delivered during Machind April of 2016. Partial spent and t ips allowed Re-inspection duration: days after the arrival to the port of destination Postal Code Tellers the best the det Description Sec t ion tal Quantity the first which the w ore alle slaw where were there that Trader is s well Citer certifi with trial of the di wi th Artis Shipment should be delivered during March and April of 2018. Partial shipment and transshipment not allowed. Re-inspection duration: 60 days after the arrival to the port of destination. Contract No: Date : Signed at: Sellers: Address: Tel. Postal Code: Fax: Buyers: Address: Tel: Postal Code: Fax: The seller agrees to sell and the buyer agrees to buy the undermentioned goods on the terms and conditions stated below. 1 Article No. 2 Description & Specification 3 Quantity 4 Unit Price 5 Total Amount Vith more or less both in amount and quantity allowed at the sellers option. 6 Country of Origin and Manufacturer 7 Packing: 8 Shipping Marks: 9 Time of Shipment: 10Port of Loading: 1Port of Destination 12 Insurance To be effected by the seller for 110% of full invece ale covering 13Payment: By confirmed, irrevocable, transferable and divisible L/C to be available by sight draft to reach the sellers before and to remain valid for negotiation in China until 15 days after the aforesaid time of shipmnt. The LC must specify that transport and partial sites not allowed 14Documents: 15Terms of Shipment: 15Quality/Quantity Discrepancy and Claim: 17 Force Majeure: Either party shall not be held responsible for failure or delay to perom all or part of this agreement due to flood, fire, earthquake, draught, war or any other events which could not be predicted, controlled, avoided or overcome by the relative party. However, the party affected by the event of Force Majeure shall infon the other party of its currence in writing as soon as possible and thereafter send a certificate of the event issued by the relevant wthorities to the other party within 15 days after its occurrence. 18Arbitration All disputes arising from the execution of this agreement shall be settled through friendly consultations. In case no settlement can be reached, the case in dispute shall then be submitted to the Foreign Trade Arbitration Commission of the China Council for the Promotion of International Trade for Arbitration in accordance with its Provisional Rules of Procedure. The decision made by this commission shall be regarded as final and binding upon both parties. Arbitration fees shall be borne by the losing party, unless otherwise awarded 19 Resurs: Sellers: Signature: Buyers Signature

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: David Spiceland

11th Edition

1264134525, 9781264134526

More Books

Students also viewed these Accounting questions

Question

What is meant by "realisation of profits"?

Answered: 1 week ago