International Sale Contracts

International sale contract is a contract which is made between a seller and a buyer from two different countries. Some time there are more than two countries involved is an international sale contracts. In an international sale contract most of the time the transportation of goods  made by Sea.  In a sale contract when the seller exports there should be some elements required.

For instance, there will be the underlying contract of sale which sets out the goods, the mode and place of delivery, the way payment is to be made and other incidents.

Secondly, the carriage contract can be done either by the seller or the by the buyer.

Thirdly, the insurance of the good must be made whilst in transit or voyage.

Fourthly, the export and import authority’s requirement should be fulfilled either by the seller or by the buyer.

Finally, the buyer should make the payment by cash, or by bill of exchange or by documentary credit.