Form of contract for the sale of grain Contract No. ...
C.I.F.
......... 19...
Exportno-Importnoje Objedinenije "Rossexport", Moscow, hereinafter referred to as the "Sellers", and Messrs. ..., hereinafter referred to as the "Buyers", have concluded this contract to the effect that the Sellers have sold and the Buyers have bought on the terms and conditions set forth and subject to General Conditions of Sale endorsed hereon, the following goods:
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DESCRIPTION OF THE GOODS AND QUANTITY:............................................................…………………………………………………………………………………………………………………………
metric tons, 10 (ten) per cent more or less, at the Sellers' option, in bulk..
2. QUALITY: The grain intended for shipment must be in sound condition and free from any foreign smell. Natural weight .... kilos per hectolitre. Admixture of foreign substances .... per cent, including dirt up to.... per cent.
3 PRICE ... (...) per metric c.i.f.... in bulk.
4. DELIVERY TIME: Shipment is to be effected during ... 19... from the port/s of the Black Sea and/or Baltic Sea at the Sellers' option. The Sellers have the right to effect partial shipments.
5. TERMS OF DISCHARGE: A. Discharge of the goods out of vessel's holds at the port of destination to be effected by the Buyers at their own expense, free of risk and expenses to the vessel, at the average rate of... metric tons per hatch per weather day, Sundays, official general and local holidays are excepted unless used.
For detention of the vessel over the time allowed for discharge the Buyers to pay to the Sellers demurrage at the rate of... per GRT of the vessel per day and pro rata for any part of a day, and for all lay time saved in discharge the Sellers to pay to the Buyers
dispatch money at the rate of... per GRT of the vessel per day and pro rata for any part of a day.
B. Discharge of the goods shall be at the Buyers' expense, once they have passed the ship's rail. The Buyers must accept the goods from the vessel as quickly as the vessel can deliver them and are responsible for any detention of the vessel being through their fault (particularly for not placing lighters in due time when discharge is being effected into lighters) paying as compensation for detention of vessel in unloading ... per GRT of the vessel per day.
As a compensation for expenses connected with discharge of the goods from ship's rail the Buyers to pay to the Sellers ... per each metric ton of the goods discharged.
6. PAYMENT: A. Payment to be effected in ... at the rate of exchange .... The Buyers to establish by cable an irrevocable confirmed Letter of Credit with the Bank for Foreign Trade of Russia, Moscow, in favour of the Sellers covering the full value of the goods sold under this contract plus 10% margin. The Letter of Credit to be established by the Buyers not later than three days after receipt of the Sellers' cable advice of the readiness of the goods for shipment. The Letter of Credit to be valid ... days. Payment from the Letter of Credit to be effected against the presentation of the following documents:
Invoice/s in ... .
Bill/s of Lading.
Certificate/s of Quality issued by the State Grain Inspection of Russia.
Insurance Policy/ies or Certificate/s of Ingosstrakh.
All expenses connected with the establishment and extension, if any, of the Letter of Credit and any other Bank charges as well as Bank's commission to be for the Buyers' account.
B. Payment to be effected in ... at the rate of exchange ... through ... by cash against cable advice of the Bank for Foreign Trade of Russia, Moscow, stating that the Bank has received from the Sellers the following documents: