International_Sales_Contract_CIF

INTERNATIONAL SALES CONTRACT (CIF TERMS)

This Contract is made by and between the Buyer and the Seller, governed by the Civil Code of the People’s Republic of China, for the purchase and sale of goods under CIF terms.

Article 1 Parties & Scope

1.1 Detailed identifications of Seller and Buyer.
1.2 The goods, quality, and technical standards are specified in the annex.

Article 2 Price & CIF Terms

2.1 Unit Price and Total Amount on CIF [Port of Destination, e.g., Los Angeles, USA] Incoterms 2026.
2.2 CIF price includes cost, marine insurance, and freight to the destination port.

Article 3 Shipment & Insurance

3.1 Time of Shipment: [Date].
3.2 Insurance: To be covered by the Seller for 110% of the invoice value against All Risks and War Risk with a reputable insurance company.

Article 4 Payment Conditions

4.1 Payment via 100% confirmed, irrevocable L/C available by sight draft.

Article 5 Shipping Documents

5.1 Full set of clean on board Bill of Lading, Commercial Invoice, Packing List, Insurance Policy, and Certificate of Origin.

Article 6 Force Majeure

6.1 Neither party shall be held responsible for failure or delay in delivery due to events of Force Majeure defined under PRC law.

Article 7 Applicable Law & Jurisdiction

7.1 Governed by PRC law. Disputes settled through friendly negotiation or submitted to competent PRC people’s court or arbitration commission.

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first written above.