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Lesson IV Contract №2

Group_______________________

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1

Objedinenije "Russoimport"» Moscow, hereinafter referred to as the "Seller" on the one part, and Messrs,..., hereinafter referred to as the "Buyer" on the other part, have concluded the present contract whereby it is agreed as follows:

refer to

_________________________

on the one part

_________________________

Messrs

_________________________

have concluded

_________________________

whereby

_________________________

it is agreed as follows

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2

1. SUBJECT OF THE CONTRACT

The Seller has sold and the Buyer has bought c.i.f. (f.o.b., f.o.r.) the goods specified in the enclosed appendix, showing specifications, quantities, prices and delivery times of the goods and constituting an integral part of the present contract.

SUBJECT

_________________________

c.i.f.

_________________________

f.o.b.

_________________________

f.o.r.

_________________________

specify in

_________________________

the enclosed

_________________________

appendix

_________________________

specifications

_________________________

quantity

_________________________

constitute

_________________________

integral part

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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3

2. PRICES

The prices are fixed in US Dollars.

All expenses incurred on the territory of The Buyer

in connection with the present contract (duties, taxes, customs, etc.) are to be paid by the Buyer.

Fix prices

_________________________

expenses

_________________________

incur

_________________________

duties

_________________________

taxes

_________________________

customs

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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4

3. QUALITY

The quality of the goods under the present contract shall be in full conformity either with the State standards existing in Russia or with the technical conditions ruling at the manufacturing works.

under the present contract

_________________________

shall be in full conformity

________________________

State standards

_________________________

technical conditions

_________________________

rule

_________________________

manufacturing works.

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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5

4. TIME OF DELIVERY

The goods sold under the contract shall be delivered within 2 months after the signing of the contract.

The date of the Bill of Lading (or: Railway Bill) shall be considered as the date of delivery.

shall be delivered

_________________________

within 2 months

_________________________ after the signing of the contract.

_________________________

Bill of Lading

_________________________

Railway Bill

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

6

5. DELIVERY AND ACCEPTANCE OF GOODS

The goods are considered to be delivered by the Seller and accepted by the Buyer:

a) in respect of quantity—according to the number of cases and the weight as shown on the Bill of Lading (or on the Railway Bill);

b) in respect of quality — according to the Manufacturer's certificate issued by the manufacturing works or by the Seller.

DELIVERY

_________________________

ACCEPTANCE

_________________________

in respect of

_________________________

according to

_________________________

case

_________________________

Manufacturer's certificate _________________________

Issue

_________________________

manufacturing works

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

7

6. TERMS OF PAYMENT

Payment for the goods to be delivered under the present

contract is to be effected in 10 days in accordance

with the Trade Agreement between the Governments of Russia

and UK.

TERMS OF PAYMENT

_________________________

is to be effected

_________________________

the Trade Agreement

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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8

The irrevocable confirmed Letter of Credit to be opened by the Buyer with the Bank for Foreign Trade of Russia, Moscow, in favour of the Seller within 10 days of receipt of the Seller's notification of the readiness of the goods for shipment. The Letter of Credit to be valid within 10 days.

irrevocable

_________________________

confirmed

_________________________

Letter of Credit

_________________________

in favour of

_________________________

receipt

_________________________

notification _________________________

shipment

_________________________

to be valid

_________________________

within 10 days.

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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9

The payment of the credit is to be made against the following documents:

Invoice.

Bill of Lading (or Railway Bill).

against

_________________________

Invoice

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

10

All expenses connected with the opening of the Letter of Credit are to be borne by the Buyer.

are to be borne by the Buyer.

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________

11

Part shipment and transhipment are permitted.

Part shipment

_________________________

transhipment

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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12

Insurance to be made to the amount of 110 per cent, of the value of the goods.

Insurance

_________________________

value

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

13

PACKING AND MARKING 1

The goods shall be secured and properly packed to withstand both overseas and overland transport as well as transhipment.

PACKING _________________________

MARKING 1

_________________________

Secure

_________________________

to withstand

_________________________

overseas

_________________________

overland

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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14

Each package shall be provided with marking showing the place of destination, name of Consignee, description of goods, contract number, case number, gross and net weight.

Consignee

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

15

8. GUARANTEE

Any part or parts which may prove defective through faulty material or workmanship will be repaired or replaced by the Seller

ci.f.,f.o.b.,f.o.r. free of charge within the period of 2 calendar months of the date of shipment provided the defective part or parts have been returned to the Seller's works for examination, carriage paid.

may prove defective

_________________________

through faulty material

_________________________

workmanship

_________________________

free of charge

_________________________

provided

_________________________

works

_________________________

carriage paid

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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16

This guarantee will be invalidated by the Buyer making, causing or allowing any alterations or repair to the goods without the Seller's consent and also if the damage is due to negligence or improper handling on the part of the Buyer or to any other causes outside the Seller's control including damage in transit from Russia to the place of destination.

To be invalidated

_________________________

alterations

_________________________

without the Seller's consent

_________________________

is due to negligence

_________________________

handling

_________________________

on the part of the Buyer

________________________

outside the Seller's control

_________________________

the place of destination.

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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17

Rapidly wearing parts as well as parts which have suffered from natural wear are excluded from the guarantee.

wearing parts

________________________

natural wear

_______________________

exclude

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

18

9. CLAIMS

Claims which may arise with regard to the quality of the goods owing to their non-conformity with the standards and technical conditions provided for under clause 3 of this contract as well as claims concerning the quantity of the goods will be considered by the Seller only if submitted within 45-days from the date of arrival of the goods at the place of destination shown in the Bill of Lading and in any case not later than within 90 days of the date of delivery of the goods c.i.f., f .o.b. or f.o,r.

Claims

_________________________

arise

_________________________

with regard to

_________________________

owing to

_________________________

non-conformity

_________________________

provided for

_________________________

under clause 3

_________________________

consider

_________________________

submit

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__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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19

Claims which arise through faulty material or workmanship as stipulated in clause 8 will be considered by the Seller only if submitted within the guarantee period.

through

_________________________

faulty material

_________________________

workmanship

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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20

The claims should be corroborated by the Buyers' reports drawn up with the assistance of competent organizations.

corroborate

_________________________

drawn up

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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21

No claims put forward in respect of any consignment of the goods can be used by the Buyer as a reason for his refusal to accept the goods and to pay for them.

put forward

_________________________

in respect of

_________________________

consignment

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

22

This applies to both the consignment in respect of which a claim has been raised and to all further consignments to be delivered under the present contract.

apply

_________________________

in respect of

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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23

The date of the postmark on the Buyer's letter containing the claim and addressed to the Seller to be considered as the date of the claim.

postmark

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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24

10. CONTINGENCIES

Should any circumstances arise which prevent the complete or partial fulfillment by any of the parties of their respective obligations under this contract, namely: fire, acts of elements, war, military operations of any character, blockades, prohibition of exports or imports or any other circumstances beyond the control of the parties, the time stipulated for the fulfillment of the obligations shall be extended for a period equal to that during which such circumstances will last.

CONTINGENCIES

_________________________

Should

_________________________

circumstances

_________________________

prevent

_________________________

the complete or partial

_________________________

respective

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namely

_________________________

acts of elements,

________________________

beyond the control of the parties

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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If the above circumstances last for more than six months, each party shall have the right to refuse any further fulfillment of the obligations under the contract and in such case neither of the parties shall have the right to make a demand upon the other party for compensation for any possible losses.

the above circumstances

_________________________

to make a demand upon smb. for compensation

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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The party for whom it becomes impossible to meet their obligations under the contract, shall immediately advise the other party as regards the beginning and the cessation of the circumstances preventing the fulfillment of their obligations.

advise

_________________________

as regards

_________________________

cessation

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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Certificates issued by a respective Chamber of Commerce of the Seller's or Buyer's country shall be a sufficient proof of such circumstances and their duration.

Certificate

_________________________

Issue

_________________________

respective Chamber of Commerce

_________________________

sufficient proof

_________________________

duration

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

11. ARBITRATION

All disputes and differences which may arise out of the present contract and/or in connection with it are to be referred for settlement to the Foreign Trade Arbitration Commission at the Russian Chamber of Commerce in Moscow in accordance with the Rules of Procedure of the said Commission the awards of which are final and binding upon both parties". Application to State Courts is excluded.

ARBITRATION

disputes

_________________________

differences

_________________________

in accordance with

_________________________

final awards

_________________________

binding upon both parties

_________________________

Application

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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12. OTHER CONDITIONS

(1) Neither party is entitled to transfer their rights and obligations under the present contract to third person without a written consent thereto of the other party.

OTHER CONDITIONS

_________________________

Neither party

_________________________

To be entitled to transfer their rights

_________________________

written consent

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

(2)Any alterations and additions to the present contract will be valid only if made in writing and duly signed by both parties.

alterations

_________________________

be valid

_________________________

duly

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

(3)After the signing of the present contract all preceding negotiations and correspondence pertaining to it become null and void.

preceding negotiations

_________________________

pertain to

_________________________

become null and void.

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

LEGAL ADDRESSES OF THE PARTIES

Sellers

Buyers

SELLER

(Signature)

LEGAL ADDRESSES OF THE PARTIES

_________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

__________________________________________

На перевод ( только фразы выделенные серым! ) :

hereinafter referred to as the "Seller"

_______________________________________________________________________________________________________________

on the other part

_______________________________________________________________________________________________________________

have concluded the present contract whereby it is agreed as follows:

_______________________________________________________________________________________________________________

The Seller has sold and the Buyer has bought c.i.f. (f.o.b., f.o.r.) the goods

_______________________________________________________________________________________________________________

the enclosed appendix

_______________________________________________________________________________________________________________

constitute an integral part of the present contract

_______________________________________________________________________________________________________________

The prices are fixed in US Dollars

_______________________________________________________________________________________________________________

All expenses incurred on the territory of The Buyer are to be paid by the Buyer

_______________________________________________________________________________________________________________

duties, taxes, customs

_______________________________________________________________________________________________________________

The quality shall be in full conformity with the State standards

_______________________________________________________________________________________________________________

ruling at the manufacturing works

_______________________________________________________________________________________________________________

The quality shall be in full conformity with the State standards

_______________________________________________________________________________________________________________

ruling at the manufacturing works

_______________________________________________________________________________________________________________

within 2 months after the signing of the contract

_______________________________________________________________________________________________________________

The date of the Bill of Lading (or: Railway Bill) shall be considered as the date of delivery.

_______________________________________________________________________________________________________________

in respect of quantity—according to the number of cases

_______________________________________________________________________________________________________________

in respect of quality — according to the Manufacturer's certificate

_______________________________________________________________________________________________________________

Payment is to be effected in 10 days

_______________________________________________________________________________________________________________

irrevocable confirmed Letter of Credit to be opened with the Bank for Foreign Trade of Russia

_______________________________________________________________________________________________________________

in favour of the Seller

_______________________________________________________________________________________________________________

against the following documents:

_______________________________________________________________________________________________________________

All expenses are to be borne by the Buyer

_______________________________________________________________________________________________________________

Part shipment and transhipment are permitted

_______________________________________________________________________________________________________________

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