Both parties come to the mutual agreement to sign this contract with the following terms and conditions
1. GENERAL CONDITIONS.
1.1. The seller shall do trade mark of the Buyer on the Product according to the Buyer’s standards or requests.
1.2. The Seller shall provide the Buyer with original technical documents .
1.3. Within 4 days from the B/L date the Seller must send complete set of original shipping documents by express courier to the Buyer after The Buyer pay all payment as follow,
1.3.1. One set of clean on board’ ocean Bill of Lading marked freight prepaid and notify the Buyer
1.3.2. Signed commercial invoice
1.3.3. Detailed packing list
2. THE PRODUCT AND CONTRACT VALUE
3. PAYMENT TERMS
3.1. Down payment of 30% shall be paid by T.T from the Buyer to the Seller according to the below dates of advance payment
3.2. Balance payment 70% of the contract value shall be paid by T.T from the Buyer to the Seller within 7days from the date of delivery and see the copy of original Bill of Lading against each below shippment
4.1 The Seller guarantees the product 13 months from the date of the delivery.
4.2 The Seller is responsible for any defect due to materials or bad workmanship revealed within period of guarantee
4.3 The Seller shall be further responsible for all damages and/or losses arising from the Seller’s fault within and/or after warranty period.
4.4 In case of trouble,the after-sale service will be done by buyer. Spareparts will be offered by seller.
5.1. In principle, any disputes arising under or in connection with execution of this contract shall be settled by mutual discussion between the Buyer and Seller.
5.2. However failure to settle those disputes shall be solved by lawsuit of a District Court located in Hong Kong, China where the production place is, no matter whichever side is liable for.