What is the foreign trade contract

click fraud protection

First of all it should be noted that the foreign trade contract - a basic document of any foreign trade transaction.At the moment, there are a large number of varieties of this document, however, as practice shows, the most common purchase and sale contracts.It is in this form, and we will discuss in this article.

foreign trade contract in the Russian Federation

under foreign trade contracts commonly understood as a special document, which confirms the conclusion between the two parties (residents of different states) the so-called external economic bargain.The subject of this transaction, as a rule, is buying and selling a product.The basic document in the field of international trade law in this case is the UN Vienna Convention of 1980.In the convention spelled out the rule of law, which regulate the procedure of each transaction at the international level.Importantly, the foreign trade contract is considered to be one of the main instruments for direct customs clearance, as well as for monitoring the transaction by the public administration.

addition to the existing international rules and guidelines to enter into such agreements, there are also requirements of the Russian customs legislation.Often, according to experts, foreign lawyers do not understand why to register data on the timing of importation of the goods in contracts with advance payments.

foreign trade contracts, of course, serves as a basis for the conclusion of other transactions, which are necessary for the execution of international transactions.The parties have concluded an agreement for the supply of certain goods, by the above contract must agree on issues related to the definition of terms of delivery, the accompanying documents, the freight forwarding works, as well as direct transport of goods itself.A legitimate foreign trade contract allows the parties involved to successfully implement the economic potential of the deal, and if possible to avoid additional financial costs associated with the direct settlement of secondary issues.

to optimize and standardize the terms of the agreement at the international level, participants use a specific set of rules, also known as "Incoterms".

believed that foreign trade contract must be drawn up by qualified specialist, namely a lawyer, in order to avoid problematic situations.The specialist should be competent in matters of international law, customs clearance and other related fields.The best option in this case is considered to entrust preparation of foreign trade contract lawyers customs representative who will deal directly afterwards Customs declaration of goods.