CONTRACT
Date:?Contract?No.:
The?Buyers:?The?Sellers:
This?contract?is?made?by?and?between?the?Buyers?and?the?Sellers;?whereby?the?Buyers?agree?to?buy?and?the?Sellers?agree?to?sell?the?under-mentioned?goods?subject?to?the?terms?and?conditions?as?stipulated?hereinafter:
(1)?Name?of?Commodity:
(2)?Quantity:
(3)Unit?price:
(4)?Total?Value:
(5)?Packing:
(6)?Country?of?Origin?:
(7)Terms?of?Payment:
(8)?Insurance:
(9)?Time?of?Shipment:
(10)Port?of?Lading:
(11)Port?of?Destination:
(12)Claims:
Within?45?days?after?the?arrival?of?the?goods?at?the?destination,?should?the?quality,?Specifications?or?quantity?be?found?not?in?conformity?with?the?stipulations?of?the?contract?except?those?claims?for?which?the?insurance?company?or?the?owners?of?the?vessel?are?liable.?The?Buyers?shall,?have?the?right?on?the?strength?of?the?inspection?certificate?issued?by?the?C.C.I.C?and?the?relative?documents?to?claim?for?compensation?to?the?Sellers.
(13)Force?Majeure:
The?sellers?shall?not?be?held?responsible?for?the?delay?in?shipment?or?non-deli-very?of?the?goods?due?to?Force?Majeure,?which?might?occur?during?the?process?of?manufacturing?or?in?the?course?of?loading?or?transit.?The?sellers?shall?advise?the?Buyers?immediately?of?the?occurrence?mentioned?above?the?within?fourteen?days?there?after.?The?Sellers?shall?send?by?airmail?to?the?Buyers?for?their?acceptance?certificate?of?the?accident.?Under?such?circumstances?the?Sellers,?however,?are?still?under?the?obligation?to?take?all?necessary?measures?to?hasten?the?delivery?of?the?goods.
14)Arbitration:
All?disputes?in?connection?with?the?execution?of?this?Contract?shall?be?settled?friendly?through?negotiation.?In?case?no?settlement?can?be?reached,?the?case?then?may?be?submitted?for?arbitration?to?the?Arbitration?Commission?of?the?China?Council?for?the?Promotion?of?International?Trade?in?accordance?with?the?Provisional?Rules?of?Procedure?promulgated?by?the?said?Arbitration?Commission.?The?Arbitration?committee?shall?be?final?and?binding?upon?both?parties.?And?the?Arbitration?fee?shall?be?borne?by?the?losing?parties.
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