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Sales Contract Export Import

Sales Contract Export Import Template for Singapore

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Key Requirements PROMPT example:

Sales Contract Export Import

"I need a Sales Contract Export Import under Singapore law for shipping electronic components from Singapore to Japan, with specific focus on quality control requirements and payment via letter of credit, to be effective from March 2025."

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What is a Sales Contract Export Import?

The Sales Contract Export Import is essential for businesses engaged in international trade through Singapore. This document serves as the primary agreement between exporters and importers, establishing clear terms for cross-border transactions. It addresses crucial aspects including product specifications, pricing, delivery terms, quality standards, and risk allocation, while ensuring compliance with Singapore's legal framework and international trade regulations. The contract is particularly important given Singapore's position as a major global trading hub and its strict regulatory environment. It incorporates relevant provisions from Singapore's Sale of Goods Act, international trade conventions, and established commercial practices.

What sections should be included in a Sales Contract Export Import?

1. Parties: Identification of buyer and seller with full legal details

2. Background: Context of the trade relationship and purpose of the agreement

3. Definitions: Key terms used throughout the contract

4. Description of Goods: Detailed specifications of products being traded

5. Price and Payment Terms: Pricing, currency, payment method and schedule

6. Delivery Terms: INCOTERMS, shipping details, delivery schedule

7. Title and Risk: Transfer of ownership and risk provisions

8. Inspection and Acceptance: Quality control and acceptance procedures

9. Governing Law: Singapore law provisions and jurisdiction

What sections are optional to include in a Sales Contract Export Import?

1. Insurance: Insurance requirements for shipment - used for high-value goods or when required by INCOTERMS

2. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term contracts or high-risk territories

3. Intellectual Property: IP rights and protections - required when dealing with branded or proprietary goods

4. Confidentiality: Non-disclosure provisions - recommended when sensitive information is shared

5. Warranties: Product warranties and guarantees - important for manufactured goods or specific quality requirements

What schedules should be included in a Sales Contract Export Import?

1. Product Specifications Schedule: Detailed technical specifications of goods

2. Pricing Schedule: Detailed breakdown of prices and quantities

3. Delivery Schedule: Detailed timeline for shipments

4. Quality Standards Appendix: Specific quality requirements and standards

5. Required Documentation Appendix: List of required import/export documents

6. Insurance Certificates Appendix: Copies of relevant insurance policies

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































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Industries

Sale of Goods Act (SOGA): Primary legislation governing the sale of goods in Singapore, defining rights, duties and remedies in sales contracts

Supply of Goods Act: Legislation governing the quality and fitness of goods supplied in commercial transactions

International Sale of Goods (United Nations Convention) Act: Singapore's implementation of the UN Convention on Contracts for the International Sale of Goods (CISG)

Electronic Transactions Act: Legislation governing electronic communications and transactions in Singapore

Unfair Contract Terms Act: Legislation restricting the extent to which civil liability for breach of contract can be avoided

Regulation of Imports and Exports Act: Controls and regulates imports and exports, licensing requirements, and trade documentation

Customs Act: Primary legislation governing customs procedures, duties, and border controls in Singapore

Strategic Goods (Control) Act: Controls the transfer and brokering of strategic goods, including military and dual-use items

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in commercial transactions

INCOTERMS 2020: International Commercial Terms defining responsibilities of buyers and sellers in international trade

Contract Law of Singapore: Common law principles governing formation and enforcement of contracts in Singapore

Limitation Act: Sets time limits for bringing legal actions relating to contracts and other civil matters

Currency Act: Regulates currency matters and monetary transactions in Singapore

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data in commercial transactions

TradeNet Requirements: Singapore's national single window for trade declaration and documentation requirements

Certificate of Origin Requirements: Documentation proving the origin of goods for international trade purposes

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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