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Process of creating an international sale contract of goods - Coggle…
Process of creating an international sale contract of goods
PRODUCT
Industrial refrigerators
Are designed to maintain stored items
below room temperaure, but above the freezing
point of water.
They are designed to keep their contents below
the freezing point of water
Quantity
333
CURRENCY
IMBERA VR- 1.5 1 DOOR
MEXICAN PESO $7,776 for each one
TOTAL= $258, 408
APLICABLE LAW
LEX MERCATORIA
the parties will be bound by any use thay have agreed
by any practice they´ve establishes between them
Unless otherwise agreed, it will be considered that the parties have tacitly made applicable to
the contract or its formation a use of which they are or probable have been aware.
Art. 6 CISG Said that the principle of contractual freedom or internal configuration of sale, bye recognizing the parties the power to exclude or modify its provisions
REGULATION OF THE MEXICAN FOREIGN
Article 16
the representations will communicate with the Mexican authorities
Article 17
It purposes of precende within diplomatic missions and before the authorities of the host country
COURT JURISDICTION
Establish which country´s laws apply to an international contract
including a jurisdiction clause helps to avoid preliminary battles
Parties can also litigate in orther courts
PAYMENT METHOD
Cash in Advance
is getting cash in advance of shipping the goods ordered, whether through bank wire transfers
Letter Credit
guarantee payment from one bank to another on behalf of the buyer and seller.
INCOTERM
FOB
Because we have better control of the cargo and budget
Penalty interest for non-compliance
company must pay a specified sum of money to a public authority
for each instance of non-compliance