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Commercial Contract Sample
Commercial Contract Sample
Commercial Contract Sample
This Commercial Contract ("Contract") is entered into on March 10, 2024, by and
between:
Buyer:
Global Importers Inc.
789 Trade Street
Cityville, Countryland
Seller:
International Exports Ltd.
456 Export Avenue
Export City, Exportland
1. Product Description:
The Seller agrees to sell, and the Buyer agrees to purchase the following goods:
- Commodity: XYZ Widgets
- Quantity: 1,000 units
- Price: USD 100,000.00
2. Terms of Delivery:
- Incoterms 2020: CIF (Cost, Insurance, and Freight)
- Place of Delivery: Port XYZ
3. Payment Terms:
Payment shall be made through an Irrevocable Letter of Credit (L/C) in favor of the
Seller.
4. Delivery Schedule:
The goods shall be delivered on or before April 10, 2024.
- Shipment Date: April 5, 2024
- Latest Date of Shipment: April 10, 2024
5. Insurance:
The Seller shall obtain marine insurance covering the CIF value of the goods.
6. Inspection:
The goods shall be subject to inspection by SGS at the port of loading.
7. Governing Law:
This Contract shall be governed by and construed in accordance with the laws of
Countryland.
IN WITNESS WHEREOF, the parties hereto have executed this Commercial Contract as of
the date first above written.