You and your friends have recently moved to Canada and have established a company under the business name Cross Border Health Care (CBHC). You want to import personal protective equipment (PPE) from your country of origin to Canada. To this end, your company (CBHC) is currently negotiating with Humber River Hospital - a major health care hospital in Toronto, Ontario, to reach a mutual agreement.

Create a binding contract based on the scenario provided above, also address the following issue: insurance.