(1) About the issue of notification The FOB terms involve two sufficient notices. One is that after the buyer charters a ship, he should give the seller sufficient notice of the ship name, loading time and place; the other is that the seller notifies the buyer when the goods are loaded. In the first case,…
An offer is also called a quotation or a price. It refers to the act of one party proposing various transaction conditions for the purchase or sale of goods to the other party and expressing its willingness to reach an agreement with the other party and enter into a contract based on these conditions. In…
FCA stands for Free Carrier…(named place), which means free carrier (…designated place). It means that the seller handles export customs clearance and delivers the goods to the designated place at the specified time and place for the care of the carrier or transportation agent designated by the buyer, thus fulfilling the delivery obligation. FCA applies…
Acceptance means that after receiving the offer or counter-offer from the other party, the offeree fully and unconditionally agrees to the content of the offer within the validity period, is willing to enter into a transaction with the other party, and promptly expresses this through a statement or behavior. This is called a commitment in…
Legally, “Withdrawal” and “Revocation” are two different concepts. Withdrawal means that before the offer comes into effect, the offeror takes action to prevent it from coming into effect. The Convention provides that: “An offer, even if irrevocable, may be withdrawn if the notice of withdrawal reaches the offeree before or at the same time as…
(1) Regarding the division of costs and risks The division of costs and risks in CIF terms is separated, that is, it contains two key points: The first is the key point of cost division – the designated port of destination. Under CIF terms, the exporter must fulfill the obligation to deliver the goods at…
The main text should have the following characteristics. (1) Straight to the point Don’t introduce yourself and your company in a long speech. Just briefly mention it to show respect for the customer. If the company has outstanding advantages, you can write about it, but it is better to just mention it briefly. For example,…
The general procedure of online transaction negotiation includes four links: inquiry, quotation and acceptance. The most obvious difference between electronic contracts and traditional paper contracts is that the contract must be digitally signed and certified by a third-party authoritative certification agency before the signing function can be realized. 1. Inquiry Inquiry, also known as price…
When you first start writing a salutation, you may find it difficult because you often don’t know the name of the other party when writing a development letter. In fact, you can usually solve this problem in this way. TO: Purchasing Manager/Product Manager or TO: Whom It May Concern (1) Knowing the other party’s name…
The main international exhibitions in China are as follows: (1) Canton Fair The well-known “Canton Fair” is the full name of the China Import and Export Fair (English: The China Import and Export Fair), also known as the Canton Fair in English. Founded in the spring of 1957, it is held in Guangzhou every spring…