Sales CONTRACT Between Buyer and Manufacturer

Sales CONTRACT Between Buyer and Merchandiser

This is demo sales contract for learner. All information is fake here.  Sales contract is preliminary step of LC – Letter of Credit. Sales contract is a deed between buyer and manufacturer.

Example of Sales Contract

CONTRACT

Contract Ref:AUTO/0024                                                                              Date:01-09-2017 (Adjusted-101)

This irrevocable cortract made between H&M Hennes & Mauritz GBC AB, Master Samuelsgatan 46A 106 38 Stockholm, Sweden  & Auto Garments Ltd., 826- Loker Para, Ghatail, Tangail under the following terms and condition –

Name and Address of Consignee :

H&M Hennes & Mauritz GBC AB, Stockholm, Sweden

H&M Hennes & Mauritz GBC AB, Oslo, Norway

H&M Hennes & Mauritz Netherlands B.V. The Netherlands

H&M Hennes & Mauritz Netherlands B.V. Denmark

H&M Hennes & Mauritz Netherlands B.V. England

H&M Hennes & Mauritz Netherlands B.V. Austria

H&M Hennes & Mauritz Netherlands B.V France

H&M Hennes & Mauritz GBC AB, S – Stockholm , Switzerland

H&M Hennes & Mauritz GBC AB, Germany

H&M Hennes & Mauritz S.L, Spain

H&M Hennes & Mauritz GBC AB, Poland

H&M Hennes & Mauritz LP. USA

H&M Hennes & Mauritz GBC AB. Canada

H&M Hennes & Mauritz GBC AB. Hongkong

H&M Hennes & Mauritz Commercial Ltd Co. China

H&M Hennes & Mauritz GBC AB, Stockholm, Middle East

H&M Hennes & Mauritz Japan K K. Japan

H&M Hennes & Mauritz LLC, Russia

Name and Address of Consignee’s Bank                   :   HSBC in New York, U.S.A.

SL	Order No.	Garments Description	Qty/Pcs	Unit Price	Total Value	Delivery Date
1.	6332-88	100% Organic Ctn 1x1Rib &  95% Org Ctn 5% Vis 1X1Rib 180 Gsm. Basic 2PK T/T OC	4,189  Pk	$ 2/Pk	$  10,148	29th  Sep’14 to 13th  Oct‘2014
		Total Garments Qty-	4,189  Pk		$  10,89.83

Tolerance                                     :   2% +/- in Quantity and Value Acceptable. Garment Description, Garment Quantity, Unit Price and Total Value can be amended as per order sheet.

Quota Category                            :   Non Quota/Quota.

Transport  documents                :   For Sea shipments – Transport documents will be issued by Maersk Logistics to the order of negotiating Bank marked freight collect.

.                                                       :   For Air shipments – House Air Way Bill will be issued by ICL marked freight collect/freight prepaid .

.                                                       :   For Sea-Air shipments made by Maersk Logistics, transport documents will be issued marked freight Prepaid / collect.

.                                                        :  Upon receive the payment, negotiating bank of …………… will              endorse the transport documents in  favour of  H&M Hennes & Mauritz GBC AB and will                                                                       hand over to Mearsk Logistics Ltd / ICL Dhaka Bangladesh (with in 3 days after receiving the payment).

Mode of Shipment                       :  FCA Chittagong by Sea or FCA/CPT  Dhaka/Hamburg by Air or FCA Chittagong / CPT Hamburg for Sea-air shipment. (Applicable one)

Insurance                                       :  to be covered by buyer upon received the cargo by the nominated forwarders.

Latest Date of Shipment             :   29^th  Sep to 13^th Oct’2014.

Expiry of the contract                  :   After 30 days from the date of shipment.

Payment Terms                            :   By TT within 20 days from the required documents submission to Puls Trading Far East Ltd, Bangladesh Liaison Office  mentioning the contract number and the                                                               invoice number, by showing  2%  discount  from the total  alue.

.                                                        :   In case of absence/irregularities or discrepancies in below required documents H&M Hennes & Mauritz GBC AB  will withhold payments until documents are                                                                      corrected.

Name of supplier’s Bank           : Dutch Bangla Bank Ltd., Motijheel Br., Dhaka, Bangladesh. SWIFT # PRBLBDDH005

Account Number                         :  DD-01587455544

Authentication                             : Counter signed by Puls Trading Far East Ltd, Bangladesh Liaison Office bank HSBC in Dhaka.

All Details                                      :   As per Order Sheet & Terms and Conditions of Purchase – As per H&M Standard Purchase Conditions.

Required documents to be submitted to Puls Trading Far East Ltd, Bangladesh Liaison Office:

1. Original signed invoice & packing list covering gross weight/net weight & summary sheet.
2. Original Certificate of Origin/GSP Form-A/APTA/ B255E/CCI (if applicable).
3. Documents for payments: Shipment/Feeder vessel wise combined Payment Invoice.
4. Copy of Original FCR (Sea-air) and Original HAWB (Air) with in 7 days after vessel sailing/flight departure.

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For and on Behalf of :                                                                                          For and on Behalf of :
Auto Trading Far East Ltd, Bangladesh Liaison Office
House 826 , Road No. 43, Ghatail, Tangail, Bangladesh.