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2. Purchase Contract Focal Points Understanding the difference between the sales contract and the purchase contract The principles of writing a purchase contract The basic form of the purchase contract Grasping useful sentences or related words The purchase contract is issued from the standpoint of the Buyer. Contents: Head Body End 1. Name, Specifications and Quality of Commodity: 2. Quantity: ___% more or less allowed. 3. Unit Price: 4. Total Amount: 5. Terms of Delivery:FOB/CFR/CIF _______ 6. Country of Origin and Manufacturers: 7. Packing: The packing of the goods shall be preventive from dampness, rust, moisture, erosion and shock, and shall be suitable for ocean transportation/multiple transportation. The Seller shall be liable for any damage and loss of the goods attributable to the inadequate or improper packing. The measurement, gross weight, net weight and the cautions such as Do not stack up side down, Keep away from moisture, Handle with care shall be stenciled on the surface of each package with fadeless pigment. ?8. Shipping Marks: 9. Time of Shipment: 10. Port of Loading: 11. Port of Destination: 12. Insurance: Insurance shall be covered by the ________ for 110% of the invoice value against _______ Risks and __________ Additional Risks. 13. Terms of Payment: (1) Letter of Credit: The Buyer shall, ______ days prior to the time of shipment /after this Contract comes into effect, open an irrevocable Letter of Credit in favor of the Seller. The Letter of Credit shall expire ____ days after the completion of loading of the shipment as stipulated. (2) Documents against payment: After shipment, the Seller shall draw a sight bill of exchange on the Buyer and deliver the documents through Sellers bank and ______ Bank to the Buyer against payment, i.e D/P. The Buyer shall effect the payment immediately upon the first presentation of the bill(s) of exchange. (3) Documents against Acceptance: After shipment, the Seller shall draw a sig
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