Trade Term Sample Clauses

A Trade Term clause defines the specific commercial terms under which goods or services are bought and sold between parties. It typically references standardized terms such as Incoterms (e.g., FOB, CIF), which clarify responsibilities for delivery, risk transfer, insurance, and costs. By clearly outlining these obligations, the clause helps prevent misunderstandings and disputes regarding logistics and financial responsibilities in a transaction.
POPULAR SAMPLE Copied 1 times
Trade Term. CIF Hamburg The above trade term shall be subject to the International Rules for the Interpretation of Trade Terms adopted by the International Chamber of Commerce effective January 1, 2000, including all amendments thereof (“INCOTERMS 2000”).
View Source
Trade Term. 2.1 This contract shall become effective immediately after being signed by both parties. 2.2 The Seller shall ship the equipment to the buyer’s work site and complete the installation within 60 days from the effective date. 2.3 The Seller’s technician shall inspect the power system in the Buyer’s work site and measure the current electricity usage 7 days before the installation. The Seller shall test the Equipment 7 days after the installation to make sure that the minimum energy saving rate of Equipment will reach to 8 %. 2.4 The warranty of the Equipment provided by the manufactory is 10 years. The Seller shall assist the Buyer to contact with the manufactory during that period. 2.5 The manufactory’s warranty shall include: 2.5.1 During the warranty period, the manufactory shall provide free repair or replacement for any damage occurred under normal operation after being inspected and confirmed by the Seller’s technical person.
View SourceView Similar (2)
Trade Term. It is not the intention of the Agreement to go into detailed descriptions of any materials and/or methods commonly known to the trade under "trade name" or "trade term." The mere mention or notation of such "trade name" or "trade term" shall be considered a sufficient notice to CONTRACTOR that it will be required to complete the work so named with all its incidental and accessory items according to the best practices of the trade.
View SourceView Similar (2)
Trade Term. GoerTek agrees to the trade term of: (a) Air 'Free Carrier At'(FCA) Qingdao , as defined by Incoterms 2010, to Plantronics selected logistics provider in Qingdao for air shipment. GoerTek will ship Products by freight collect to the order of Plantronics to the destination specified in Plantronics' purchase order release. (b) Ocean 'Delivered At Terminal' (DAT) Ensenada, Rotterdam or other ports specified by Plantronics , as defined by Incoterms 2010, to via ocean shipment. GoerTek shall pay for freight charges and insurance charges under the term. Insurance coverage is 110% of the value of a shipment. Freight and insurance rate shall be prior agreed by Plantronics. Plantronics shall reimburse GoerTek for the amount of freight charges and insurance charges ('DAT logistics charges') GoerTek paid. If GoerTek ships any Product by a method other than that specified in Plantronics' purchase order release or written instruction, GoerTek will reimburse Plantronics for any increase in the cost of freight over the cost which would have been incurred had GoerTek complied with Plantronics' instructions. Plantronics may make changes in the trade term, shipment method, packing or place of delivery. If Plantronics requests a change that causes an increase or decrease in the cost of or time for delivery, GoerTek will notify Plantronics of the cost or time changes within 3 days from the date of Plantronics' requested change. GoerTek must provide supporting documentation for the cost or time change.
View SourceView Similar (2)
Trade Term. The Transfer Price for Product purchased by Rohto hereunder shall be Free Carrier (“FCA”), Nuo’s Point of Shipment or other trade term the Parties agree.
View Source
Trade Term. FOB Shanghai The above trade term shall be subject to the International Rules for the Interpretation of Trade Terms adopted by the International Chamber of Commerce effective January 1, 2000, including all amendments thereof (“INCOTERMS 2000”).
View Source
Trade Term. CIF Antwerp
View Source
Trade Term. The Transfer Price for Product purchased by Boyalife hereunder shall be Free Carrier (“FCA”), Nuo’s Point of Shipment or other trade term the Parties agree.
View Source

Related to Trade Term

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Term of Engagement (a) This Agreement will remain in effect until April 15, 2010, after which either party shall have the right to terminate it on thirty (30) days prior written notice to the other. The date of termination of this Agreement is referred to herein from time to time as the "Termination Date." The period of time during which this Agreement remains in effect is referred to herein from time to time as the "Term". If, within two years after the Termination Date, the Company completes any private financing of equity or debt or other capital raising activity of the Company (other than the exercise by any person or entity of any options, warrants or other convertible securities other than the warrants issued pursuant to this Agreement) with any of the Investors who were first introduced to the Company in connection with the financing contemplated hereby by ▇▇▇▇▇ and disclosed to the Company in writing prior to its introduction to the Company, the Company will pay to Maxim upon the closing of such financing the compensation set forth in Sections 3(a) as a "Source Fee". (b) Notwithstanding anything herein to the contrary, subject to the two years limitation described in Section 4(a) above, the obligation to pay the compensation and expenses described in Section 3, this Section 4, Sections 5, 7 and 9-17 and all of Exhibit A attached, hereto (the terms of which are incorporated by reference hereto), will survive any termination or expiration of this Agreement. The termination of this Agreement shall not affect the Company's obligation to pay fees to the extent provided for in Section 3 herein and shall not affect the Company's obligation to reimburse the expenses accruing prior to such termination to the extent provided for herein. All such fees and reimbursements due shall be paid to the Placement Agent on or before the Termination Date (in the event such fees and reimbursements are earned or owed as of the Termination Date) or upon the closing of the Offering or any applicable portion thereof (in the event such fees are due pursuant to the terms of Section 3 hereof).

  • License Term The license term shall commence upon the License Effective Date, provided, however, that where an acceptance or trial period applies to the Product, the License Term shall be extended by the time period for testing, acceptance or trial.

  • Contract Term The Contract end date, wherever such reference appears in the Contract, shall be changed from June 18, 2020 to June 18, 2021. The Contract Term may be renewed for one additional one-year period at the discretion of the State. Child Support (Applicable to natural persons only; not applicable to corporations, partnerships or LLCs). Contractor is under no obligation to pay child support or is in good standing with respect to or in full compliance with a plan to pay any and all child support payable under a support order as of the date of this amendment.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.