Sellers:_________
buyers:_________
The undersigned sellers and buyers have agreed to close the following transactions according to the terms and conditions stipulated below:
1.Articles
2.Specifications
3.Quantity
4.Unit price
WithUnit price% more or less both in amount and quantity allowed at the sellers option
5.total value:_________
6.packing:_________
7.time of shipment:_________
8.loading port & destination:_________
9.Insurance:
□由卖方按中国人民保险公司_________年_________月_________日颁布的海洋运输货物保险条款按发票CIF金额的110%投保一切险和兵险(不包括罢工暴动民变险,如陆运,投保陆上运输险)
□To be effected by Sellers covering All Risks and War Risk(excluding S. R.C.C)as per The Ocean Marine Cargo Clauses of The People's Insurance company of China 1/1/1976 for 110% of CIF Invoice value(If by railway,covering Over land Transportation Risks only)
□To be effected by the Buyers.
10.Terms of Payment:By Confirmed,lrrevocable,Transferable and Divisible Letter of Credit to beavailable by sight draft,to reach_________before_________and to remain valid for negotiation until the 15th day after the afore said time of shipment at loading port
11.Shipping Mark: Sellers shipping Marks:_________
12.Quality, quantity and weight certified by the China Commodity Inspection Bureau or the Sellers, as per the former's Inspection Certificate or the latter's certificate, are to be taken as final.
13.ARBITRATION
Any dispute arising from or in connection with the Sales Contract shall be settled through friendly negotiation. In case no settlement can be reached, the dispute shall then be submitted to _________ for arbitration in accordance with its rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
THE SELLERS(signature):_________ THE BUYERS(signature):_________