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Terms and conditions for invoice sample for Export

friends welcome back to the course in the last lecture I discussed with you about the performer invoice now I wanted to discuss with you about the commercial invoice but I thought that before I talk to you about the commercial invoice it is very much required that I should talk to you about the export content so in this lecture I will discuss about the export content export contact has to be signed at this point between the buyer and the seller once the performance proposal which means the price which means the packing which means the payment terms the method of payment delivery terms date of delivery the nature of income terms what will be the ecoterms conditions all these things are discussed and agreed between the buyer and the seller once that is done it means you have got the order many times when the business is not very big the buyer simply signs the apartment voice if it contains all the conditions that has been agreed between the buyer and the seller or if it has not been agreed a new performer invoice is created that contains the final details that has been agreed and many times the buyer simply signs and confirms the performance and that acts as the export contract in a case where the nature of the transaction is little complex the value is high it is possible that the exporter and the Importer may agree to sign a comprehensive detailed export contract and bring out and prepare sometimes professionally sometimes by the international lawyers even to come out with a very professional looking detailed Clause by Clause export contract many times it happens so let me share with you one sample of the export contract and let us see what are the common Clauses that are there in an international export contract now let us look into this sample for educational purpose only of one sales contract that is very very similar to the real life situation and this sales contract copy s sample is also available in the resource section for your download so you can download this sales contract and look into the different Clauses and the structure of this sales contract let me explain to you the basic structure of this sales contract and the main Clauses that are there in the sales contract so that you have a good idea how these sales contract looks like in a real life situation herein in this sales contract as you can see here the contact number is given there this is a an example sales contract so it is not the real sales contract but just for an idea that how it looks like this sales contract is entered into the effective date is given there and the place where this contact is signed is also given here then the name of the seller and the name of the buyer is given there but the the address and the contact details of both the parties and uh this has been mentioned here in this sales contract that the buyer and the seller will be referred to as the party or the parties at the different places in this sales contact so this is how it starts if we look at the initial description that is given at the very start of the sales contract some very important information are given here like this contact is subject to bank ability of the seller's product and upon Mutual written agreement some required amendments by the buyer's Bank are allowed jinko is committed to receive technical inspection from a third party the bank technical advisor and has to Bear the relevant costs this inspection has to be carried out by by the date that has been mentioned here once bank has accepted jinko as the seller and the contract amendment is complete seller will issue the commercial invoice and Bank guarantee in the amount of the percentage is given here that what kind of percentage will be given as the bank guarantee of the total contract approximate value by approximate I will explain to you in this contract this contract has multiple shipments those are to be carried out by the seller in different months so what exactly the actual shipments take place in different months that will decide the total value exact value so in this contact the approximate values are given there and I will explain to you all these things again further in this contract you will have a better idea further it says that within 10 working days of the documents issuance certain percentages will be given as the advance payment by the buyer so that percentage is given here the buyer and the seller agree to conduct the following transactions ing to the terms and conditions that are given in this sales contract and certain confidential information has been omitted from this sample so this is how the sales contract starts this particular example is a very detailed sales contact I will not be able to explain each and every line of this but I will take up some important parts of this sales contact that I will describe to you and explain to you here first part of this sales contact product description is given there since this contact is a technical contract therefore you can see here that this different descriptions on a monthly basis are given there in each month what kind of solar cells will be supplied by the seller to the buyer what will be the different technical specs of that what will be the what is of each shipment total what is therefore in this contract the average price per what is mentioned note based on the quantity actually of the solar cells supplied but rather on the total what is that has been supplied here so this is very technical in nature and the requirement of this particular industry and the product as I was explaining to you the prices may vary from month to month so June price is approximate July prices a gas prices September prices are mentioned these are the approximate prices the expected prices that are given there the actual prices May little bit very ing to the description that is explained and given in this sales contract and ingly the prices may vary total quantities of the contract that will be the approximate quantity Because the actual shipment will decide what is the total quantity but some idea is given here in this sales content but will be the total quantity and approximate total price of the contact so what it mentions here the price is in Europe and own inquotum that has been decided is CIF in this case Ravena port in Europe it can also be any European Port because the contact is for multiple shipment and the requirement of the port may vary from month to month and many other details are given here for example how the sales contact will look like for each shipment because this particular sales contract is for the entire year what will happen about the purchase order on month-to-month basis what will be the individual sales contact or export contract of each shipment on a monthly basis all those things has been explained here for example it mentions ing to the shipment schedule the seller shall issue a return performer invoice to the buyer by email or fax email or any other means within 45 days prior to the new shipment date of each month during the contact period and thereafter the buyer shall sign and return the performance within five business days upon receipt all performer invoices sell this back to the terms and conditions set foot in this contact so this is the master contract sales contract and all the monthly performer invoices that will be signed by the seller as well as the buyer will serve as the individual sales contact of each month so this is how it will go further this process will be happening this way in the second Clause that refers to the product technical specifications all the technical information about the products are mentioned here like power tolerance maximum system voltage and any other details it all mentions the details technical details that refers to the product technical specifications in appendix a of this content that specifically deals with the technical specifications so in this third Clause the focus is on the terms of payment and it talks about the info terms that are used and the effective latest income terms that has been used as reference for the any dispute that happens between the buyer and the seller so the latest income terms will be used for the details about the terms of payments are given there for example what will be the percentage of the advance payment how the advance payment will be made by the buyer to the seller all those details are given there the total purchase price for each shipment will be calculated based on the nominal power of the solar module as recorded on the commercial device so as I had mentioned to you that the average what is but what price is given here in this contract and based on that advice based on that reference the actual shipment price will be calculated for each shipment monthly shipment and ingly the commercial invoice will be prepared by the seller Bank information is given there in this third Clause sub Clause 3.4 or what is the opening Bank what is the opening Bank address what is the Swift Code what is the name of the beneficiary what is the address of the beneficiary and what is the bank account number of the beneficiary