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- Contract

When selling the company's products or goods to foreign country, a Sales Contract or an Trading Contract are necessary. Those contracts are written in English and it has many technical terms, so leave it to the Expert for accurate translation.

Basic Sales Contract

You might need to create a Basic Sales Contract when exporting the company's products or goods to foreign country.

It is desirable to write to a Contract the terms like below.

  • The Time when the deal will established
  • Cost of freight or insurance
  • Obligees to Assume Risk
  • The Terms of Payment
  • The Validity of the Contract

Trading Contract (INCOTERMS)

Incoterms - International Commercial Terms - are a series of pre-defined commercial terms, showed by three-letter.

A representative terms are as follows.

  • FOB(Free On Board): The seller bears all costs and risks up to the point the goods are loaded on board the vessel.
  • CIF(Cost, Insurance and Freight): The seller is required to obtain insurance for the goods while in transit, and costs the freight.
  • FCA(Free Carrier): The seller delivers the goods, cleared for export, at a named place.
  • CIP(Carriage and Insurance Paid To): The seller is required to obtain insurance for the goods while in transit.

* Source: Wikipedia