TERMS IN CONTRACT
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Contents
2 Features
3 Terms in Contract
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Learning Outcomes
1 Explain the different ways of quality stipulation
2 Outline the quantity measurement units and systems
3 Describe the approaches to weight calculation
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Learning Outcomes
4 Understand functions and features of export packaging
5 Identify marking on the packing of goods
6 Compose quality, quantity & packing clauses properly
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Definition
Contract for the International Sale of Goods
Goods & Documents Basa fish
Deal Money
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Features
Seller/Buyer
Features/
USD
Currency Characteristics
Object
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Contract performance
SELLER CARRIER BUYER
B/L
Documents
Receipt
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INTRODUCTION
PAYMENT DOCUMENTS
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Documents
Finance
Goods Transportation Insurance Documents
Documents Documents Documents
9
Documents
Text
• Commercial Invoice
• Packing List P/L
• Certificate of Origin
• Certificate of Quality
Seller
• Certificate of Quantity
Competence
Valuation control
•Certificate
Seller of Weight
Organization
Company
1
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Documents
• Certificate of Weight
• Phytosanitary Certificate
• Animal product sanitary inspection Certificate
• Sanitary Certificate
• Beneficiary Certificate
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Transportation Documents
van don la gi ? giấy chunwgsnhaan đa xnhanaj hàng đã nhận
hàng do thuyền trg cấp để chứng. nhận là hàng đã dc nhận
Like the contract
diff
Bill of lading
• Ocean Bill of lading
Document
• Airway Bill
Goods
• Railway Bill
Carrier
•TruScekliler
ng Bill
Br/tLbill of lading
• Combined transpo
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Insurance Document
Contract
Insurance Insurance
Buyer Company
Insurance
• Insurance Policy
• Certificate of Insurance
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Law
U can us S law or B law or international law
Country of
Seller
Vietnam commercial
Domestic law law 2005
Country of
buyer
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Law
International Law
Hamburg Incoterms
Brussels Vienna
URC UCP
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Beginning
the closenit relationship,
trust each other
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Content
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Final 16
1
16
Content
Beginning
ü Title
ü Contract No
ü Date/ Place
ü Name of buyer and saler
ü Address, Email, Fax…
ü Bank Account
ü Representative
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Contract name
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No and Date
the contract no up to you to write down
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1
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Buyer and Seller Information
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AGREEMENT
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LOGO
Example
The agreement between the parties to this Contract is
based on the following understadings:
It has been mutually agreed to the sale purchase
contract on the terms and conditions as follows:
It is agreed that the Seller commits to sell and the
Buyer commits to buy the following described goods
upon the terms and conditions hereinafter set forth:
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Content
Điều khoảng cơ bản phải có
Basic Articles Others
Commodity; Quantity Packing and Wrapping;
Warranty: Arbitrator ;
Quality; Price
Force Majeure; Claim;
Delivery; Payment Transportation.
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Final part
ü Numbers of Contract
ü Effective term
ü Signature
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Final part
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1 Commodity/ Name of goods
Cách đặt tên hàng
ü Origin ü Brandname
ü Production year ü Benefit
ü Science name ü HS code
ü Quality
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Example
v Vietnam Robusta coffee beans grade 1, in
2012 -2013
v Vietnam white rice long grain, 5% broken,
crop in 2013
vElectrolux Washing Machine model SWM
vUREA, Fertilizer, Nitrogen 46%min, orgin
Indonesia
vSemi-IQF raw head-on shell-on black Tiger
Shrimps (Pennnues Monodon)
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2 Specification/Quality
quy cách/chất lượng hàng
Main matter
Sample Trade mark
content
Standards of Inspected and
Current show
goods approved
Technique
Description
materials
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Specification/Quality
Sample
• As for sample submitted by the seller, signed and seal
by both parties, each party keeps one. The sample is a
part not separate from this contract
• As for samples no. 278/VN
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Specification/Quality
Benefit Main matter Unbenefit
% MIN % MAX
content
Moisture max 13%
Foreign Matter max 1%
Black & Broken max 5%
Beans Size min 95% Above Screen 13
Beans Size max 5% Below Screen 13
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Specification/Quality
Main matter
content
§ As per catalogue supply by the seller and agreed by
the buyer
§ OMIC’s inspection certificate to be final. The Seller
will send the actual lot sample to the Buyer 14 days
prior to the shipment date.
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Specification/Quality
Trade mark
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Specification/Quality
Main matter
Sample Trade mark
content
Standards of Inspected and
Current show
goods approved
Technique
Description
materials
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Specification/Quality
Inspected and
approved
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Specification/Quality
Standards of
goods
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Specification/Quality
Inspected and
approved
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Specification/Quality
Current show
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Specification/Quality
Description
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Specification/Quality
Technique
materials
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Quantity/Weight
Unit
Method of determining quantity
Method of determining the weight
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Quantity / Weight
1MT (Metric Ton) 1.000 kg
1 LT (Long Ton) 1 ST 1.016,047 kg
(Short Ton) 907,184 kg
1 LP (pound) 0,45359 kg
1 troy ounce 31,1 gr
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Quantity / Weight
1 inch 2,54 cm
1 foot = 12 inch 0,3048 m
1 bushel 36 liter
1 barrel 159 liter
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Quantity / Weight
Exactly Predict
About, Approximately, From… to…, More or less, ±
Option : at Seller’s option at
Buyer’s option
at Charterer’s option
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Quantity / Weight
klg tịnh cả cái bì
Net weight Gross weight
Gross weight = Net weight + Tare
Quantity: 10,000 MTs (±1% at Seller’s
option) Quantity: 83.968 MTs Net (±1%)
1,400.00 Bags Exactly Quantity:
10,400CTNS (4CNTRS 40 FT)
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Price
Currency Evaluation
Fixed price
Reversible price
Sliding scale price
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Payment
Methods of
Time of payment
payment
Payment
Bank of
Documents
payment
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Payment
• Commodity documents
• Transportation documents
• Insurance documents
• Finance policy
Payment Documents
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Commodity documents
v Commercial Invoice
v Packing List
v Certificate of Origin
v Certificate of Quality
v Certificate of Quantity
v Certificate of Weight
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Transportation documents
Bill of lading
v Ocean Bill of Lading
v Airway Bill of Lading
v Railway Bill of Lading
v Truck Bill of Lading
v Multimodal transport Bill of Lading
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Insurance Documents
Contract
Insurance
Buyer
company
Insurance
v Insurance Policy
v Certificate of Insurance
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Finance documents
Draft
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Delivery/Shipment
Time Place
Other
Notification
regulations
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Delivery/Shipment
Time
ü Schedule
ü No Schedule
ü At Sight
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Delivery/Shipment
Time
• Fixed date: Time of shipment: 26 March, 2013
• Last date: At the latest 26 March, 2013
• Period of date: March, 2013
15 days from the contract signing date 30 days after
L/C opening date
Not later than 45 days after contract
has been signed
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Delivery/Shipment
Place
ü Name: port of loading/ airport…
ü Name: port of destination/ airport…
§ Port of Loading: any port of Vietnam
§ Port of destination: Bangkok, Thailand
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Delivery/Shipment
ü Notify before shipment
ü Notify after shipment
Notification
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Delivery/Shipment
§ Partial shipment: permitted
1st shipment: 40 MT not later than 2 April, 2005
2nd shipment: 60 MT not later than 20 April, 2005
§ Transhipment: not permitted
Other regulations
üPartial shipment
üTranshipment
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Transportations
Rent
Transportations
transportations
Other
Schedule
regulations
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Transportations
Rent
transportations ü Seller
ü Buyer
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Transportations
ü Companies
ü Kinds/ Name of ship Transportations
ü Flat
ü Nationality
ü Age
ü Weight
ü Waterlines
ü Size
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Transportations
Schedule
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Transportations
ü Coming time
ü Loading speech
ü Cost
ü Penalty
Other
regulations
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Packing & Marking
Packing Marking
ü Quality of packing
ü Packing Supply
ü Price
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Packing & Marking
Packing: Standard export seaworthy packing in
20ft container
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Packing & Marking
Marking: BLUE BIRD CO., LTD.
CONTRACT 51/BLU-STC/03
WEIGHT: GROSS/NET
CARTON NO/TTL CARTONS
MADE IN KOREA
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Insurance
Buyer Conditions Insurance agent
Insurance value Indemnify
Insurance:
To be covered by the Seller with ICC(B) for 110% of
invoice value, payable in Vietnam
To be covered by the Seller with AR (All Risks) a6n6 d
SRCC for 110% of invoice value, payable in
Vietnam
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Insurance
Insurance:
To be covered by the Seller with ICC(B) for 110% of
invoice value, payable in Vietnam
To be covered by the Seller with AR (All Risks) and
SRCC for 110% of invoice value, payable in
Vietnam
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Insurance
The Buyer shall be made by telex or cable immediately
after cargo received at destination port and shall be
confirmed in writing delivered to the Seller within 30 days
after such discharge, together with Baoviet
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THE END !
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