Question
IV. Check L/C a ccording to Contract No. 09 TG 28711 . Please point out the problems existing in the L / C and put
IV. Check L/C according to Contract No. 09TG28711. Please point out the problems existing in the L/C and put forward specific requirements for amendment. (30) |
SALES CONFIRMATION | |||||||
Sellers | Contract No.: | 09TG28711 | |||||
NANJING LANXING CO.,LTD | Date | JULY,22,2009 | |||||
ROOM 2501,JIAFA MANSTION, BEIJING WEST ROAD , NANJING | Signed at: | NANJING | |||||
|
| ||||||
Buyers |
| ||||||
EAST AGENT COMPANY |
| ||||||
3-72,OHTAMACHI,NAKA-KU,YOKOHAMA,JAPAN231 |
| ||||||
This Sales Contract is made by and between the Sellers and Buyers, whereby the sellers agree to sell and the buyers agree to buy the under-mentioned goods according to the terms and conditions stipulated below: | |||||||
NAME OF COMMODITY & SPECIFICATION |
UNIT PRICE |
QUAN |
AMOUNT & PRICE TERMS | ||||
H6-59940BS GOLF CAPS | CIF AKITA USD 8.10 |
1800DOZS
| CIF AKITA USD 14580.00
| ||||
10% more or less both in amount and quantity allowed | TOTAL | USD 14580.00 | |||||
Packing: | CARTON | ||||||
Delivery : | From NANJING to AKITA | ||||||
Shipping Marks: | V.H LAS PLAMS C/NO. | ||||||
Time of Shipment: | Within 30 days after receipt of L/C. allowing transshipment and partial shipment. | ||||||
Term of Payment: | By 100% Confirmed Irrevocable Letter of Credit on favor of the Sellers to be available. By sight draft to be opened and to reach China beforeJULY 30, 2009 and to remain valid for negotiation in China until the 15thdays after the foresaid Time of Shipment. L/C must mention this contract number L/C advised by BANK OF CHINA NANJING BRANCH. TLX: 44U4K NJBC, CN. ALL banking Charges outside China (the mainland of China) are for account of the Drawee. | ||||||
Insurance: | To be effected by Sellers for 110% of full invoice value covering F.P.A up to AKITA To be effected by the Buyers. | ||||||
Arbitration | All dispute arising from the execution of or in connection with this contract shall be settled amicable by negotiation. In case of settlement can be reached through negotiation the case shall then be submitted to China International Economic & Trade Arbitration Commission. In Nanjing for arbitration in act with its sure of procedures. The arbitral award is final and binding upon both parties for setting the Dispute. The fee, for arbitration shall be borne by the losing party unless otherwise awarded. | ||||||
THE SELLER: | THE BUYER: |
ISSUE OF DOCUMENTARY CREDIT | |
ISSUING BANK | METITABANKLED., JAPAN |
DOC. CREDIT NUMBER | LTR0505457 |
DATE OF ISSUE | 090722 |
EXPIRY | DATE 090908 PLACE JAPAN |
APPLICANT | EAST AGENT COMPANY 3-72,OHTAMACHI,NAKA-KU,YOKOHAMA,JAPAN231 |
BENEFICIARY | NANJING LANXING CO., LTD ROOM 2501,JIAFA MANSTION, BEIJING WEST ROAD , NANJING |
AMOUNT | CURRENCY USD AMOUNT 14580,00 |
POS. /NEG. TOL. (%) | 10/10 |
AVAILABLE WITH/BY | ANY BANK IN ADVISING COUNTRY BY NEGOTIATION |
DRAFT AT | DRAFTS AT 20 DAYSSIGHT FOR FULL INVOICE VALUE |
PARTIAL SHIPMENTS | NOT ALLOWED |
TRANSSHIPMENT | ALLOWED |
LOADING IN CHARGE | NANJING |
FOR TRANSPORT TO | AKITA |
SHIPMENT PERIOD | AT THE LATEST AUG 30,2009 |
DESCRIPT. OF GOODS |
|
| 180 DOZS OF H6-59940BS GOLF CAPS,USD 5.10 PER DOZ AS PER SALES CONTRACT 09TGA28711 DD 22,7,09 CIF AKITA |
DOCUMENTS REQUIRED |
|
| *COMMERCIAL INVOICE 1 SIGNED ORIGINAL AND 5 COPIES *PACKING LIST IN 2 COPIES *FULL SET OF CLEAN ON BOARD,MARKEDFREIGHT PREPAIDAND NOTIFY APPLICANT (AS INDICATE ABOVE) *GSP CERTIFICATE OF ORIGIN FORM A, CERTIFYING GOODS OF ORIGIN IN CHINA, ISSUED BY COMPETENT AUTHORITIES *INSURANCE POLICY/CERTIFICATE COVERING ALL RISKS AND WAR RISKS OF PICC. INCLUDING WARWHOUSE TO WAREHOUSE CLAUSE UP TO FINAL DESTINATION AT AKITA, FOR AT LEAST 120 PCT OF CIF-VALUE. *SHIPPING ADVICES MUST BE SENT TO APPLICANT WITH 2 DAYS AFTER SHIPMENT ADVISING NUMBERE OF PACKAGES, GROSS & NET WEIGHT, VESSEL NAME,BILL OF LADING NO. AND DATE, CONTRACT NO., VALUE. |
PRESENTATION PERIOD | 6 DAYS AFTER ISSUANCE DATE OF SHIPPING DOCUMENT |
CONFIRMATION | WITHOUT |
INSTRUCTIONS | THE NEGOTIATION BANK MUST FORWARD THE DRAFTS AND ALL DOCUMENTS BY REGISTERED AIRMAIL.DIRECT TO US IN TWO CONSECUTIVE LOTS,UPON RECEIPT OF THE DRAFTS AND DOCUMENTS IN ORDER, WE WILL REMIT THE PROCEEDS AS INSTRUCTED BY THE NEGOTIATING BANK. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started