ABC CO.

, LTD
Address :
Tel： Contract Date :
Fax： Contract NO. :
E-mail：
SALES CONTRACT
ABC CO., LTD., as seller, hereby confirms having concluded the sales contract with you(your
company), as Buyer, to sell following goods on the date and on the terms and conditions herein- after
set forth. The Buyer is hereby requested to sign and return the original attached.

COMMODITY DESCRIPTION QUANTITY UNIT PRICE AMOUNT

Time of Shipment：
Port of Shipment： Marking
Port of Destination：
Payment：
Insurance：
Packing：
Special Terms & Conditions：
Subject to the general terms and conditions set forth on back hereof：

Accepted by ABC CO., LTD.

(Buyer) (Seller)
(Signature) (Signature)
(Name & Title) (Name & Title)
Date Date
 GENERAL TERMS AND CONDITIONS
All business hereunder shall be transacted between Buyer and Seller on a principal to principal basis
and both parties agree to the following terms and conditions：
⑴ Quantity： Quantity shall be subject to a variation of ( )% plus or minus at seller's option.
⑵ Shipment： Date of bill of lading shall be accepted as conclusive of the date of shipment.
Partial shipment and/or transhipment shall be permitted.
If shipment is prevented or delayed in whole or in party, by reason of Acts
of God, or the consequence of, affecting Seller or any supplier to Seller of the
goods sold hereunder or any manufacturer of the goods sold hereunder or any
supplier to such manufacturer, such Acts of God to include but not limited
to fire, flood, typhoon, earthquake, or by reason of riots, wars, hostilities,
governmental restrictions, trade embargoes, strikes, lockouts, labour disputes
boycotting of Korean goods, unavailability of transportation or any other
causes of a nature beyond Seller's control, then, Seller may, at its option
perform the contract of the unfulfilled portion here of within a reasonable time
from the removal of the cause preventing or delaying performance, or rescind
unconditionally and without liability this contract or the unfulfilled portion
here of.
⑶ Payment： Irrevocable and confirmed letters of credit negotiable at sight draft shall be
established through a prime bank satisfactory to Seller immediately after
conclusion of contract with validity of at least 15 days after the last day of
the month of shipment for negotiation of the relative draft. The amount of
such letter of credit shall be sufficient to cover the contract amount and
additional charges and/or expenses to be borne by the Buyer. If Buyer fails
to provide such letter of credit, Seller shall have the option of reselling the
contracted goods for Buyer's account, holding the goods for Buyer's account
and risk, and/or cancelling the contract and claiming for damages caused by
Buyer's default.
⑷ Inspection： The inspection of quantity shall be done according to the export regulation of
the Republic of Korea and/or by the manufacturers which shall be considered
as final. Should any specific inspector be designated by the Buyer, all
additional charges thereby incurred shall be borne by the Buyer and shall be
added to the invoice amount, for which the letter of credit stipulates
accordingly.
⑸ Packing： Packing shall be at the Seller's option. In case special instructions are
necessary the same should be intimated to the Seller in time so as to enable
the Seller to comply with it.
⑹ Insurance： In case of CIF or CIP basis, 110% of the invoice amount, will be insured
unless otherwise agreed.
Any additional premium for insurance coverage over 110% of the invoice
amount, if so required, shall be borne by Buyer and shall be added to the
invoice amount for which the letter of credit shall stipulate accordingly.
⑺ Increased Costs： If Seller's costs of performance are increased after the date of this agreement by
reason of increased freight rates, taxes or other governmental charges and insurance
rates including war risk, or if any variation in rates of exchange increases Seller's
costs or reduces Seller's return, Buyer agrees to compensate Seller of such
increased cost or loss of income.
⑻ Price： The price stated in the contract is subject to change and the actual price to
be paid will be that of Seller's current price list ruling at the time of dispatch
of the goods. Seller shall notify Buyer in writing or by telex, cable or telegram
of any revised price which shall be applied to goods still to be shipped, unless
Buyer cancels in writing or by cable or telex the undelivered balance within
15 days from such notification.
⑼ Any Claim： Dispute, or complaint by Buyer of whatever nature arising under this contract,
shall be made in cable within 10 days after arrival of the cargo in the
destination port. Full particulars of such claim shall be made in writing and
forwarded by airmail so as to reach Seller within 20 days after cabling. Buyer
must submit with such particulars as Public Surveyor's report when the
quality and quantity of merchandise is in dispute. A claim made after the said
30-day period shall have no effect and Seller shall not be obligated to honor
it. Seller shall not under any circumstance be liable for indirect or
consequential damages.
⑽ Trade Terms： The trade terms used herein such as CIF, CIP and FOB shall be in accordance
with Incoterms 2000. In all other respects, this Contract shall be governed by
and construed in accordance with the laws of Korea.
⑾ Arbitration： All disputes, controversies, or differences which may arise between the parties out
of or in relation to or in connection with this contract or for the breach thereof,
shall be finally settled by arbitration in Seoul, Korea in accordance with the
Commercial Arbitration Rules of the Korean Commercial Arbitration Board and
under the Laws of Korea. The award rendered by arbitrator(s) shall be final
and binding upon both parties concerned.
⑿ Deduction： Buyer may not deduct any amount from the price without Seller's advance
written authorization.
⒀ Patents, Trade Buyer is to hold Seller harmless from liability for any infringement with
marks, Designs, etc.： regard to patent, trademark, copyright, design, pattern, construction, stamp,
etc., originated or chosen by Buyer.
⒁ Force Majeure： Seller shall not be responsible for nondelivery or delay in delivery resulting from
causes beyond its control. In the event of such an occurrence, Seller may at
its option either postpone delivery until removal of the causes, or cancel the
balance of the order in the Contract.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives as of the date first above writen：

For and on behalf of, For and on behalf of,

By： By：
Typed Name： Typed Name：
Title： Title：