1、Nick Garments in case of any variation thereof necessitating amendment of the L/C, the Buyers shall bear the expenses for effecting the amendment. The sellers shall not be held responsible for possible delay of shipment resulting from awaiting the amendment of the L/C, and reserve the right to claim
2、 from the Buyers compensation for the losses resulting therefrom.(4) PRODUCT INSURANCE:Except in case where the insurance is covered by the Buyers as arranged, insurance is to be covered by the Sellers with a Chinese insurance company. If insurance for additional amount and/or for other insurance te
3、rms is required by the Buyers, prior notice to this effect mush reach the Sellers before shipment and is subject to the Sellers agreement, and the extra insurance premium shall be for the Buyers account.(5) INPORT DOCUMENTS:The Buyers are requested to send to the Sellers authentic copy of the Licens
4、e-application (endorsed by the relative bank) filed by the Buyers and to advise the Sellers by fax immediately when the said License is obtained. Should the Buyers intend to file reapplication for License in cases of rejection of the original application, the Buyers shall contact the Sellers and obt
5、ain the latters consent before filing reapplication.(6) INSPECTION:The Certificate of Origin and/or the Inspection Certification of Quality/Quantity/Weight issued by the relative institute shall be taken as the basis for the shipping Quality/Quantity/Weight.(7) FORCE MAJEURE:The Sellers shall not be
6、 held responsible if they owing to Force Majeure cause or causes fail to make delivery within the time stipulated in this Sales contract or cannot delivery the goods. However the Sellers shall inform immediately the Buyers by fax. The Sellers shall delivery to the Buyers by registered letter, if it
7、is requested by the Buyers, a certificate issued by the China council for the Promotion of International Trade or by any competent authority, certifying to the existence of the said cause or causes. Buyers failure to obtain the relative Import license is not to be treated as Force Majeure.(8) DISPUT
8、ES AND ARBITRATION:All disputes arising in connection with the Sales Contract of the execution thereof shall be settled amicably by negotiation. In case no settlement can be reached, the case under dispute shall then be submitted for arbitration to the Foreign Trade Arbitration commission of the Chi
9、na Council for the Promotion of International Trade in accordance with the Provisional Rules of Procedure of the Foreign Trade Arbitration commission of the China council for the Promotion of International Trade. The decision of the Commission shall be accepted as final and binding upon both parties.THE BUYERS: THE SELLERS:Date: Date: Signature SignatureFor and on behalf of Seller For and on behalf of Buyer(Print Name) (Print Name)Passport no.: Passport no.:Issued by: Issued by:
