An export insurance contract is a contract or a legal document which is framed when a party or exporter agrees to sell products to another party but all the items of sale and purchase are insured. Such contracts consist of legal terms and conditions which must be followed by the involved parties in any case scenario.
Sample Export Insurance Contract:
This contract has been made effective as on 3rd March 2011
Duration of contract: 12 months
Termination date: 3rd March 2012
This contract has been made between the parties with the following details:
Name: Mr. Fred Timothy
Address: 12-e, 2nd floor, Mark road, LA
Contact number: 479380580502
The IMPORTER imports computer manufacturing products and parts.
Name: Mr. Paul Harvard
Address: d-89, second floor, Sarito street, London
Contact number: 470384749494
The EXPORTER exports all the products which are insured under product insurance code of the state 23/n. Any damage to the products shall lead the federal state to pay for compensation charges.
Details of payment:
The Importer shall place order and the charges of the parts shall be paid by the importer through cheque mode on receiving the full order in proper condition.
Terms and conditions:
- The IMPORTER must make payments on time to avoid compensation charges.
- The EXPORTER must deliver ordered computer parts within 10 days time.
- Any damage caused due to shipping shall not be the responsibility of the EXPORTER and will entitle him to ask for insurance.
- The shipping charges shall be borne by the IMPORTER alone.
Validation of contract: