True or False: Usance L/C payable at sight provides financing to the importer. ()
- · 有5位网友选择 对,占比62.5%
- · 有3位网友选择 错,占比37.5%
27 ZHONGSHAN ROAD.SHANGHAI.CHINA
TEL:86—21—63218467 FAX:86—21—63291267
SALES CONFIRMATION
No:sT0603ll
Date:Aug.15,2006
TO:SUPERB AIM(HONGKONG)LTD.
RM.504 FUNGLEE COMM BLDG KOWIOON.HONGKONG
We hereby confirm having sold to you the following goods on terms and conditions as stated below.
NAME OF COMMODITY:textile
SPECIFICATION: Twill 2/1 108x54/20×20 59”
PACKING: Packed in cartons of ten meters
QUANTITIY: Total 10 000 meters
UNIT PRICE: USD 54.00 per meter CIFC2 H.K.
TOTAL AMOUNT: USD 540 000.00
(SAY US DOUARS FIVE HUNDRED AND FORTY THOUSAND ONLY.)
SHIPMENT:During Oct/Nov.2006 from Shanghai to H,K.with partial shipments permitted.
INSURANCE:To be covered by the seller for 1 10%of total invoice value against all risks and war risks as per the relevant ocean marine cargo clauses of the PICC dated 198I/01/01.
PAYMENT:The buyer should open through a bank acceptable to the seller an irrevocable L/C payable at 30 days after B/L date to reach the seller 30 days before the month of shipment、ralid for negotiation in China until the 15th day after the date of shipment REMARKS:Please sign and retum one copy for our file.
The Buyer: The Seller:
Alice SHANGHAI TEXTILES IMP.&EXP.CORP.
HONGKONG&SHANGHAI BANKING CORPORATION
QUEENS ROAD CHNTERAL,P.O.BOX 64,H.K.
TEL:822-1111 FAX:810-1112
Advised through:Bank of China, NO.CN3099/714
Shanghai Branch, DATE:Oct.2th,2006 H.K.
To:SHANGHAI TEXTILES IMP&EXP CORPORATION
27 ZHONGSHAN ROAD,SHANGHAI,CHINA
Applicant:SUPERB AIM (HONGKONG)LTD.
RM.450 FUNGLEE COMM BLDG KOWLOON,HONGKONG
Dear Sirs,
We hereby open our irrevocable L/C No.CN3099/714 in your favour for a sum not exceeding about HKD540 000.00(SAY HK DOLLARS FIVE HUNDRED FORTY THOUSAND ONLY)available by your drafts on HSBC at 30 days after sight accompanied by the following documents:
1.Signed commercial invoice in 6 copies.
2.Packing List in quadruplicate.
3.2/3 clean Oil board B/L made out to order notify the above mentioned applicant and marked“Freight Collect”dated not later than October 3 1 th,2006.From Shanghai to Hongkong,partial shipment are not permitted.
4.Insurance policy in 2 copies covering All Risks and War Risks for 150%invoice value as per the relevant ocean marine cargo clauses of the PICC dated 198I/01/01.
5.Certificate of Origin issued by China Council for Promotion of International Trade.
6.A certificate issued by the beneficiary and countersigned by
Date: July 15th, 2009
Sign at: Hongkong
The Buyers: J.B. Lawson & Company Inc.
854 California Street, San Francisco, California, U.S.A. CA94194
The Sellers: Far East Light Industrial Products Imp. & Exp. Corp.
82 Dung Street, Hongkong, P.R.C. 665532
This contract is made by and between the Buyers and the Sellers; whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned goods subject to the terms and conditions as stipulated below:
Commodity Descriptions: Canvas Folding Chairs with Wooden Frame
(light-cream wood, dark-green canvas)
Quantity: 500,000 pieces
Unit price: $ 35/piece
Total Value: $ 17,500,000(Seventeen Million and Five Hundred Thousand US Dollars only)
Packing: In strong cartons
Country of Origin: P. R. C
Payment: By 100% Confirmed, Irrevocable, Transferable and Divisible Letter of Credit to be available by sight draft and to remain valid for negotiation in P. R. C until the 15th day after the aforesaid time of shipment.
Insurance: To be covered by the buyer.
Time of Shipment: August, 2009 Port of Lading: Shenzhen, P.R.C
Port of Destination: San Francisco, U.S.
The Buyers: Lily Brown
The Sellers: Huang Jun
Claims:
Within 45 days after the arrival of the goods at the destination, should the quality, specifications or quantity be found not in conformity with the stipulations of the contract except those claims for which the insurance company or the owners of the vessel are liable. The Buyers shall, have the right on the strength of the inspection certificate issued by the C. C. I. C and the relative documents to claim for compensation to the Sellers.
Force Majeure:
The sellers shall not be held responsible for the delay in shipment or non-delivery of the goods due to Force Majeure, which might occur during the process of manufacturing or in the course of loading or transit.
Arbitration:
All disputes in connection with the execution of this Contract shall be settled friendly through negotiation. In case no settlement can be reached, the case then may be submitted for arbitration to the Arbitration Commission of the China Council for the Promotion of International Trade.
What does this contract mainly deal with?
A.The purchase of specific products from China
B.The bargain result of the commodity price
C.The shipping method of the goods
D.The description of the commodity
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