•Chapter7ConclusionofBusiness(Contracts)•Introduction:•Oneofthedifficultiesinbusinesstransactionistoensurethatthetwosideshaveidenticalunderstandingofwhatiscommunicated.Alldifferencesinterminologyandlanguagecontributetomisunderstandings,nottosaythemistakesmadeintypingandtransmittingmessages.Therefore,itisthemostimportantthingthatwhenthebargainisbeingmadethatthetwosidesshouldmakesuretohaveidenticalunderstandingofthetermstowhichtheyareagreeing.Andthatiswhylettersconfirmingtheconclusionofbusinessarenecessary.•Evenifyouhavetogooverthewholegroundatleasttwice,whenwritingthiskindofletters,makesureeachpointhasbeencorrectedandfullyunderstood.Thisappliesparticularlysoifnativelanguagesarewidelydifferent.•Someimportantadviceformakingoutacontract:•1）BuyersandSellers•2）Commodity•3）Specifications•Type/ModelNo…/Art.No….•20×40yards，YellowandWhiteequallyassorted•4）Quantity:•piece(s)/pcs，set(s)，yard(s)/yds，metricton(s)，case(s)，carton(s)，dozen/dz.•5）UnitPrice•At…per…,includingtradeterms.•AtCAD40perdozenCIFC3Vancouver•6）TotalValue:•CAD30,000(SAYCANADIANDOLLARTHIRTYTHOUSANDONLY)•7）Packing:•In…•In…,eachcontaining…/in…of…each•In…of…each,…to…•8）ShippingMark•“Atbuyers’option”or“atsellers’option”.•（9）Insurance•TobecoveredbySellers/Buyersfor110%oftheinvoicevalueagainstAllRisksandWarRiskwithPICCat2%asperChinaInsuranceClauseofJan.1,1981.（10）TimeofshipmentIn/DuringNovember,2014,withtransshipmentallowedbutpartialshipmentsnotpermitted.（11）PortofShipment（12)PortofDestination（13)TermsofPaymentByconfirmed,irrevocable,transferable,sightL/Ctoreachthesellers30daysbeforethedateofshipmentandtoremainvalidfornegotiationinChinatillthe15thdayafterthefinaldateofshipment.•凭保兑的，不可撤销的，可转让的即期信用证。信用证应于装运期前30天送达卖方，其议付有效期至上述装运期后15天在中国到期。•FillinthecontractforminEnglishwiththefollowingparticulars:•卖方：中国粮油食品进出口公司•买方：温哥华加拿大食品公司•商品名称：长城牌草莓酱•数量：1000箱•...
