韩语
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2006120043
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AGREEMENT ON GENERAL TERMS AND CONDITIONS OF BUSINESS
It is hereby beteen JOHNSON&SONS CO.,INC.,NEW YORK,U.S.A.(hereinafter called the "Sellers"),and THE KOREA TRADING CO.,LTD.,SEOUL,KOREA(hereinafter called
the"Buyers),that all business shall be conducted on the following terms andconditions: 1.Business:Both Sellers and Buyers shall act as their own account and responsibility. 2.Goods:Goods,in,business,their unit to be quoted,and their mode of packing shall be stated in the attached list.
3.Prices:Unless otherwise specified in cables,telexes,facsimle messages,or letters,all prices submitted by either party shall be quoted in U.S.Dollars on an F.O.B.New York basis. 4.Firm Offers:All offers shall be considered "firm"subject to a reply reaserching the Sellers within five(5)days from and including the day dispatched.Sundays and offical Bank Holidays are excepted.
5.Orders:Any business closed by cable,telex or facsimile shall be confirmed in riting without delay,and orders thus confirmed shall not be cancelled unless by mutual consent. 6.Letter of Credit:An Irrevocable Letter of Credit shall be established in favor of the Sellers immediately upon confirmation of sale.Credit shall be made available fourteen(14)daye beyond the stipulated in each contract.
7.Payment:Drafts shall be drawn under Letter of Credit at sight,documents attached ,for the full invoice amount.
8.Shipment:All goods sold in accordance with this Agreement shall be shipped to the buyers within the period stimulated.The date of the Bill of Lading shall be taken as a conclusive proof of the day of shipment .Unless expressly agreed upon,the port of shipment shall be at the Seller's option.
9.Marine Insurance:All shipments shall be covered IIC(B) for a sum equal to the amount of the invoice plus the(10) oer cent ,unless any other conditions are specially agreed upon .All polices shall be made out in U.S. Dollars and claims payable on Seoul.
10.Quality:The Sellers shall guarantee all shipments to confirm to samples,types or descriptions,with regard to quality and condition.
11.Force Majeure:The Sellers shall not be responsible for any delay in shipment in any case of force majeure,including mobilization ,war riots civil commotions,hostilities,blockade,requistion of vessels,prohibition of export,fires,floods,earthquakes,tempests and any other contingencies,which prevent shipment within the period stipulated.In the event of any of the aforesaid causes arising,documents proving its occuence or existence shall be sent by the Sellers to the Buyers without delay.
12.Delayed Shipment:In all cases of force majuere provided for in Article No.11,the period of shipment stipulated shall be extended for a period
of fourteen(14) days.In case shipment within the estended period shall still be prevented by a continuace of the causes mentioned in the artcle or the consequences of any of them ,it shall be at
the Buyer's option either to allow the shipment of late goods or to cancel the order by giving the Seller the notice of cancellation.
13.Claims and Arbitration:Claims,if any,shall be submitted by telex or fax within fourteen(14)days,from the date of final discharge of the goods at destination.Certificates by recognized surveyors shall be sent by mail without delay.All claims which cannot be amicably settled between Sellers snd Buyers shall be sudmitted to the arbitration in Korea Commercial Arbitration Board according to the arbitraton rules of said Board.
In witness whereof JOHNSON&SONS CO., INC.have hereunto set their hand in duplicate on the 1st day of April,2002,and THE KOREA TRADING CO.,LTD.have hereunto set their hand in duplicate on the 1st day of June,2002,and none of the Articles in this agreement shall be changed or modified unless by mutual consent.
(Buyers) (Sellers)
THE KOREA TRADING CO.,LTD
JOHNSON&SONS CO.,INC
(Signature) (Signature)
Insu Kim William Johnson
President President
Seoul.May 1,2002 NY,April 1.2002
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