This contract is made by and between the Sellers and the Buyers; Whereby the Sellers agree to sell and the Buyers agree to buy the undermentioned goods according to the terms and conditions stipulated below and overleaf:
1. Names of commodity (ies) and specification(s)
4. Amount
__________% more or less allowed
9. Time of Shipment: Within ____________________days after receipt of L/C, allowing transhipment and partial shipment.
10. Terms of Payment:
By 100% Confirmed, Irrevocable and Sight Letter of Credit to remain valid for negotiation in China until the 15th day after shipment.
11. Insurance:
Covers all risks and warrisks only as per the Clauses of the People's Insurance Company of China for 110% of the invoice value. To be effected by the Buyer.
12. The Buyer shall establish the covering Letter of Credit before_________; failing which, the Seller reserves the right to rescind this Sales Contract without further notice, or to accept whole or any part of this Sales Contract, non-fulfilled by the Buyer, of to lodge claim for direct losses sustained, if any
13. Documents: The Sellers shall present to the negotiating bank, Clean On Board Bill of Lading, Invoice, Quality Certificate issued by the China Commodity Inspection Bureau or the Manufacturers, Survey Rep
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