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If discrepancies arise between inspection certificates and destination/bill of lading documents, arbitration is used to determine the appropriate judgment.",{"name":70,"@type":61,"acceptedAnswer":71},"How is payment handled under the contract?",{"text":72,"@type":64},"Payment is by an irrevocable, confirmed, non‑transferable, auto‑revolving documentary letter of credit (MRDLC), valid for the stated period and issued or confirmed by a top Western Bank, assured for the full contract value.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},282489,1790252687,{"code":4,"msg":82,"data":83},"success",[84,89,93,98,103,108,112,117,122],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":55,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":110,"slug":111},17,40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":109,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":55,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":33,"preview_page_count":4},8796095461610,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","TEMPLATE & DRAFT-SALES AND PURCHASE CONTRACT  \nContract No:  \nTHIS AGREEMENT MADE AND ENTERED INTO ON    \nVALID FOR 5 (FIVE) DAYS  \nBy and between:  \nHerein after called the “seller” with  \nCommento [cg2]: Terms of duration  \nThrough:  \nAnd  \n.  \nReg no.:    \nHerein after called the “buyer” and  Commento [cg3]: Parties   \nWhereas: The seller and buyer, each with full corporate authority, certifies, represents and warrants that each can fulfill the requirements of this agreement and respectively provide the products and the funds referred to  \nherein, in time and under the terms agreed to hereafter;  \nand  \nWhereas: The buyer hereby agrees and makes an irrevocable firm contract to purchase   MT  (  metric tons)   of cement   N or R cost, freight and insurance (CIF) incoterms   20,  \nand  \nWhereas: The seller and the buyer both agree to finalize this contract under the terms and conditions; and the product offered for sale is subject only to the terms and conditions contained in this contract and strictly confidential  \nbetween the buyer and the seller and it is therefore agreed as follows:  Commento [cg5]: premises   \nDraft-2009-EBT  \n1  \n1. PRODUCT  \nSHALL CONFORM TO INTERNATIONAL STANDARD ACCORDING TO, BRITISH STANDARDS   , OR UNITED STATES  \nSTANDARDS or RUSSIAN CERTIFICATION OR EUROPEAN  \n______ ____  \nSTANDARD   2000 Commento [cg6]: conformity   \nSPECIFICATIONS:  \n~~2.  ORIGIN~~  \nSELLERS OPTION Excluding China  \n3. DESTINATION / PRODUCT DISCHARGE:  \n3.1 Destination shall be CIF   (non USA  \nsanctioned port) (see article 26 terms and definitions) subject to sellers receipt of all appropriate permits, permissions and licenses.  \n3.2 The basis of delivery for all other shipments shall be minimum twelve thousand five hundred (12,500) metric ton shipments.  \n3.3 Delivery shall begin thirty to forty (30 -40) days after receipt and confirmation of an operative financial instrument acceptable to theseller, and completed within the stated time.  \n3.4 Minimum discharge rate of fifteen hundred (1,500) metric tons per weather working day (WWD) subject to discharge port offloads capabilities.  \n4. PRODUCT DELIVERY  \n4.1 The date (s) of bill of lading (CIF) shall be considered the date (s)  \n4.2 The first delivery shall begin thirty to forty (30 - 40) days after receipt and confirmation of a letter of credit acceptable to the seller.  \n4.3 The seller shall have the right to deliver earlier than agreed in this contract giving notice to all designated parties as required herein, with the approval of the buyer.  \n4.4 The product shall be shipped to the relevant provisions of this contract with the shipment to be forwarded to destination port/s in minimum shipments of twelve thousand five hundred (12,500) metric tons per lift (+/-5%)  \n–  \nof delivery.  \nCommento [cg7]: incoterms  \nCommento [cg8]: risk passage: incoterms  \nDraft-2009-EBT  \n2  \n4.5 Total shipments shall be according to shipping schedule. (See  \n\"Appendix 2\") minimum is subject to slight and reasonable  \nvariations in schedules due to the customary and usual exigencies.  \nConsecutive shipments shall be shipped by delivering and receiving  \nschedule of buyer, sent to the seller after the first shipment has left  \nthe port as indicated by the SGS certificate. Incoterms 20 / CIF  \n(see article 26 terms and definitions)  \n4.6 The buyer and the seller agree that partial shipments are allowed  \nand transshipment not allowed.  \n5. CONTRACTED QUANTITY  \nThe total quantity of the contract shall be determined by the certifications of weight issued by the inspection authority and by the bill of lading of the shipment that was in effect delivered to the buyer.  \n6. PRODUCT WEIGHT AND QUALITY  \n6.1 The seller guarantees that each shipment of cement 42.5 shall be  \nprovided with an inspection certificate of weight and quality at time  \nof loading and such certificate shall be provided by Société  \n  or similar recognized authority at seller’s expense,  \nand shall be deemed to be final.  \n","cbCain2JIyvciuKz","https://ap.wps.com/l/cbCain2JIyvciuKz","pdf",254212,"English","# TEMPLATE & DRAFT-SALES AND PURCHASE CONTRACT\n## 1. PRODUCT\n## 3. DESTINATION / PRODUCT DISCHARGE\n## 4. PRODUCT DELIVERY\n## 5. CONTRACTED QUANTITY\n## 6. PRODUCT WEIGHT AND QUALITY\n## 7. PACKING\n## 8. QUANTITY\n## 9. PRICE PER METRIC TON\n## 10. CONTRACT AMOUNT\n## 11. PAYMENT TERMS","[{\"question\":\"What delivery terms does the contract use for shipment?\",\"answer\":\"Delivery is defined as CIF to a non‑USA sanctioned port, with additional guidance for other shipment origins and discharges under referenced terms and definitions.\"},{\"question\":\"What are the rules for inspections and determining weight/quality disputes?\",\"answer\":\"Each shipment requires a weight and quality inspection certificate from a recognized authority, and inspections are to follow I.C.C. rules. If discrepancies arise between inspection certificates and destination/bill of lading documents, arbitration is used to determine the appropriate judgment.\"},{\"question\":\"How is payment handled under the contract?\",\"answer\":\"Payment is by an irrevocable, confirmed, non‑transferable, auto‑revolving documentary letter of credit (MRDLC), valid for the stated period and issued or confirmed by a top Western Bank, assured for the full contract value.\"}]","Sales and Purchase Contract - Template & Draft | PDF",1789575926]