The Buyers:The Sellers:The buyers agree to buy and the Sellers agree to sell the following goods on terms and conditions as set forth below:1. Name of Commodity, Specifications and Packing2. Quantity3. Unit Price4. Total Value: ( Shipment Quantity %more or less allowed)5. Time off Shipment:6. Port of loading:7. Port of Destination:8. Insurance; To be covered by the _ for 110% of the invoice value against _ 9. Terms of Payment: By confirmed, inrevocable, transferable and divisible letter of credit in favour of _ payable at sight with TT reimbursement clause _ days' sight/ date allowing partial shipment and transshipment. The covering Letter of Credit must reach the Sellers before _ and is to remain vallid in Sellers reserve the right to cancel this Sellers before_ and is to remain vaild in _ China until the 15th day after the afonesaid time of shipment, failing which the sellers reserve the right to cancel this Sales Contract without further notice and to claim from the Buyers for losses resulting therefrom.11. Shipping Marks.OTHER TERMS:1. Discrepancy: In case of quality discrepancy, claim should be lodged by the Buyers, within 30 days after the arival of the goods at the port of destination, while for quantily discrepancy, claim should be lodged by the Buyers within 15 days after the arrival of the goods at the port of destination. In all cases, claims must be accompanied by Survey Reports of Recognized Public Surveyors agreed to by the Sellers. Should the responsibility of the subject under claim be found to rest on the part of the Sellers, the Sellers shall, within 20 days after receipt of the claim, send their reply to the Buyers together with suggestion for settlement.2. The covering Letter of Credit shall stipulate the Sellers's option of shipping the indicated percentage more or less than the quantity hereby contracted and be negotiated for the amount covering the value of quantity actually shipped. ( The buyers are requested to establish the L/C. In amount with the indicated percentage over the total value of the other as per this Sales Contract)3. The contents of the covering Letter of Credit shall be in strict conformity with the stipulations of the Sales contract. In case of any variation there of necessitating amendment of the L/C. the Buyers shall bear the expenses for effecting the
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