Contract Specimen for FOB Barley
Contract FOB GAFTA Barley
The SELLER undertakes to supply to BUYER, and the BUYER undertakes to accept commodity and to pay.The SELLER undertakes to supply to BUYER, and the BUYER undertakes to accept commodity and to pay. Seller: Represented by Director, acting in accordance with the Articles of Association, on the one part, and Buyer Represented by director, acting on the basis of the Articles of Association on the other hand, have concluded the present Contract as follows: SUBJECT OF THE CONTRACT. The SELLER undertakes to supply and transfer to the BUYER the Barley in bulk GAFTA 49, crop, origin, further called the Goods, and the BUYER undertakes to accept the Goods and to pay it on the terms of the present Contract.
QUALITY OF THE GOODS. Quality of goods final at loading port as per Certificate of Quantity issued by GAFTA member inspection company appointed and paid by Seller in accordance with the following specification: Test weight 61/62 kg/hl, moisture max 14,5%, admix max 2,0%, Other grains max 2%. Sound, loyal, merchantable, free from of infestation and foreign smell. Free from alive insects and free from quarantine weed seeds. QUANTITY OF THE GOODS. PRICE TOTAL VALUE OF GOODS