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 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 : 29th Sep to 13th 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:
- Original signed invoice & packing list covering gross weight/net weight & summary sheet.
- Original Certificate of Origin/GSP Form-A/APTA/ B255E/CCI (if applicable).
- Documents for payments: Shipment/Feeder vessel wise combined Payment Invoice.
- Copy of Original FCR (Sea-air) and Original HAWB (Air) with in 7 days after vessel sailing/flight departure.
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.