Foreign trade contract The cost of service: is 650 $

Characteristics of foreign trade contracts:

1. Foreign economic transactions must be made in simple written form.

2. Non-compliance with the form may result in the invalidity of the transaction on the territory of the Russian Federation.

3. The need to draw up one document that will be valid for both parties.

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What does a correctly drawn up foreign trade contract represent?

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1. Sequence and interdependence of actions

2. Contract clauses timing

3. A contract is a document of currency, tax and customs control

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What should be written in the contract?

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• Shipping documents: list, type, content, time of delivery, etc;

• Requirements for presentation of documents for letter of credit;

• Points of dispatch and transfer points;

• Time, tariffs and penalties.​

A foreign trade contract has the following structure:

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1. Preamble

2. Object of the contract

3. Quantity of goods

4. Product quality

5. Time of delivery

6. General conditions of delivery (Incoterms)

7. Prices and total contract value

8. Terms of payment

9. Shipment, packaging and marking

10. Delivery acceptance of goods

11. Claims

12. Warranties

13. Insurance

14. Responsibility of the parties

15. Force majeure

16. Arbitration

17. Other provisions

18. Duration of the contract

19. Signatures of the parties

20. Annexes, specifications (if any)