Subject of the contract

The Seller has sold and the Buyer has bought CIF (FOB, FOR) 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.

PRICES

The prices are fixed in__________________ and understood CIF (FOB, FOR)____________ export packing and marking included.

All expenses incurred on the territory of ______________ in connection with the present contract (duties, taxes, customs, etc.) are to be paid by the Buyer.

QUALITY

The quality of the goods sold 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.

TIME OF DELIVERY

The goods sold under the contract shall be delivered within ________ 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.

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.

TERMS OF PAYMENT

Payment for the goods to be delivered under the present contract is to be effected in ____________________________ in accordance with the Trade Agreement between the Governments of Russia and ________________________ dated the __________________________ by an 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 _______days

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

1) Invoice; 2) Bill of Lading (or Railway Bill).

All expenses connected with the opening of the Letter of Credit are to be borne by the Buyer. Part shipments and transhipment are permitted. Insurance to be made to the amount of 110 per cent of the value of the goods.

PACKING AND MARKING

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

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.

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.

OTHER CONDITIONS

Neither party is entitled to transfer their rights and obligations under the present contract to third persons without a written consent thereto the other party.

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

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