III. Prepare a sales contract (No. 96JB-234) for the following export transaction.
Xi’an Global Imp. & Exp. Co. sold to ABC Company in New York, on September 20, 20_ _, 1,000 dozens “White Dove” Brand Women’s wool sweaters, red and green, L-size and M-size are equally assorted in each color at the price of US $30 per dozen, CIF New York, for shipment during November, 20_ _. Insurance is to be effected for 110% of the invoice value against All Risks and War Risk as per the China Insurance Clauses. The deal was closed smoothly without much discussion, except on the question whether partshipments and transshipment could be allowed or not. But the buyers were also quick to agree to the sellers’ request on these points. The goods are to be packed in cartons, 2 dozens to a carton, and the terms of payment are by a sight irrevocable Letter of Credit to reach the sellers 30 days before the time of shipment and to remain valid for negotiation in China until the 15th day after the date of shipment. Shipping marks are to be designed by the sellers.
CONTRACT
No: ___________
Buyers:
Sellers:
This Contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned goods according to the terms and conditions stipulated below:
Commodity:
Specification:
Quantity:
Unit price:
Total Value:
Packing:
Shipping Mark:
Insurance:
Time of Shipment:
Port of Shipment:
Port of Destination:
Terms of payment:
Done and Signed in __________ on this __________ day of __________.
Keys:
No.: JB-234
Buyers: The ABC Company, New York
Sellers: Xi’an Global Imp. & Exp. Co.
Commodity: Women’s Wool Sweaters
Specification: “White Dove” Brand, red and green with L-size and M-size equally assorted in each
color.
Quantity: 1,000 dozens
Unit Price: US$ 30 per dozen, C.I.F. New York
Total Value: US$ 30,000 only
Packing: in cartons, 2 dozens to a carton
Shipping Marks: At Sellers option
Insurance: To be effected for 110% of the invoice value by the Sellers against All Risks and War
Risk as per the China Insurance Clauses.
Time of Shipment: During Nov. 20_ _ with partial shipments and transshipment allowed.
Port of Shipment: Xi’an
Port of Destination: New York
Terms of Payment: By a sight irrevocable L / C, to reach the Sellers 30 days before the time of
shipment and remain valid for negotiation in China till the day after the date of shipment.
Done and Signed in Xi’an on this 20th day of September, 20_ _.
IV. Translate the following into Chinese.
Dear Sir,
We thank you for your Order No.222 received this morning for 8000 dozen cotton shirts, but regret to have to disappoint you.
At present we have no stock of shirts in the size required and do not expect further deliveries for at least another five weeks. Before then you may have been to obtain the shirts elsewhere, but if not we will notify you immediately our new stocks come in.
Yours faithfully,
Keys: (略)
V. Insert the correct words in the appropriate spaces below.
container fire-proof open this end country of origin
fragile padding dimensions inflammable
stencil damage discharge water-proof
forwarding on board weight
Packing is very important in modern shipping. The use of pre-packed (1)_____ has reduced the risk of damage which can be caused by rough loading and unloading, but there are still many risks which packing and (2)_____ agents must be careful about.
In addition to the damage caused by loading and unloading, there are risks from water and fire, as well as other accidents (3)_____ ship. Therefore the containers used today are often strong, (4)_____ and (5)_____ to protect them against rough handling, fire and water respectively.
Although there is less risk today, forwarding agents often have to (6)_____ special signs on the containers, cartons or boxes. For example, they write (7)_____ if the goods can be broken easily, (8)_____ if the goods catch fire easily, and (9)_____ if it is important to open a container so that the goods are standing the correct way when the container is opened.
In addition, the (10)_____ in kilos and the (11)_____ in centimeters are sometimes necessary. Importers also give instructions to suppliers to stencil the (12)_____ e.g. PRODUCE OF THE PEOPLE’S REPUBLIC OF CHINA and the port of (13)_____ e.g. LONDON on the containers.
The materials used are important. Wooden and metal crates and containers are necessary for fragile goods, and waterproof lining is sometimes necessary. To prevent (14)_____ from rough handling of glass bottles, for example, extra (15)_____ is necessary.
If goods are packed carefully, there is less damage and less inconvenience for suppliers, buyers and insurance companies.
Keys:
1. container 2. forwarding 3. on board 4. fire-proof 5. water-proof
6. stencil 7. fragile 8. inflammable 9. open this end 10. weight
11. dimension 12. country of origin 13. discharge 14. damage 15. padding
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