Sale Act

AGREEMENT FOR SALE OF GOODS (C.I.F. BASIS)

THIS AGREEMENT is made at ... this quaternate day of January between M/s. A B & Co. Ltd., a comp all registered under the (English) Companies Act and having Its registered Office at 132, atomic number 78 Plaza, M.G Road, london. hereinafter referred to as the Seller of the one part and M/s. X Y & Co. Ltd., a Company registered under the (Indian) Companies Act, 1956. and having its registered office at 12, Ganesh Plaza, Swastil Crssrd, Ahmedabad hereinafter referred to as the Buyer of the Other Part;
1. The Seller agrees to shell out to the Buyer and the Buyer agrees to buy from the Seller, synthetic rubber of 10 tons... quantity at the price of.Rs....sterling per ton (hereinafter referred to as the express goods) C.I.F. for December - January enrapturement.

2. The Seller- will engage space in a ship at the expression of shipment and Intimate the call of the ship and her expected date of arrival in any port in India.

3. The Seller will enter into a contract of affreighment with the owner of the ship for transporting and delivery of the said goods at the port of Kandla in India. The Buyer shall also obtain a Policy of Insurance for the value of the said goods upon the current hurt and make out an invoice.

4.



The Buyer shall open a letter of Credit through its Bankers for the agreed price of the goods and including the freight, insurance and separate charges in favour of the Sellers Banker viz...

5. The Seller shall ship the goods in the ship and despatch the documents relating to the said goods namely the contract of affreighment, insurance policy, invoice. bills of burden etc. to Its Bankers at the port of arrival.

6. The said documents duly endorsed in favour of the Buyer will be handed over to the Buyers Bankers against encashment of the Letter of Credit and the Buyer will receive the aforesaid(prenominal) from Its Bankers to enable the Buyer to get the goods cleared at the port of arrival. Such delivery of documents...If you want to get a abounding essay, order it on our website: Orderessay



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