2. SALES CONTRACT Whole Doc. No: Date: For Account of: Indent No: This contract is made by and between the Sellers and the Buyers; Whereby the Sellers agree to sell and the Buyers agree to buy the undermentioned goods according to the terms and conditions stipulated below and overleaf: (1) Names of commodity (ies) and specification(s) (2) Quantity (3) Unit price (4) Amount TOTAL: __________% more or less allowed (5) Packing: (6) Port of Loading: (7) Port of Destination: (8) Shipping Marks: (9) Time of Shipment: Within ____________________days after receipt of L/C, allowing transhipment and partial shipment. (10) Terms of Payment: By 100% Confirmed, Irrevocable and Sight Letter of Credit to remain valid for negotiation in China until the 15th day after shipment. (11) Insurance: Covers all risks and warrisks only as per the Clauses of the People's Insurance Company of China for 110% of the in
voice value. To be effected by the Buyer. (12) The Buyer shall establish the covering Letter of Credit before _________; failing which, the Seller reserves the right to rescind this Sales Contract without further notice, or to accept whole or any part of this Sales Contract, non-fulfilled by the Buyer, of to lodge claim for direct losses sustained, if any
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