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OMB Approval No. 05510007 FAS99 Rev. 1101 U.S. DEPARTMENT OF AGRICULTURE Foreign Agricultural Service CONTRACT TERMS SUPPORTING EXPORT SALES AND FOREIGN PURCHASES NOTE: This report is required by
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How to fill out contract terms supporting export:

01
Start by clearly defining the parties involved in the contract, including their full legal names and contact information.
02
Specify the purpose and scope of the export agreement, outlining the goods or services being exported and the countries involved.
03
Include the terms and conditions for shipping and delivery, such as the agreed-upon Incoterm (International Commercial Terms) and who is responsible for transportation costs and insurance.
04
Outline the payment terms, including the currency and the agreed-upon method of payment (such as letter of credit, wire transfer, or other forms of payment).
05
Address any necessary documentation or compliance requirements, such as export licenses, customs procedures, or any specific regulations or laws that need to be followed.
06
Include provisions for intellectual property rights, confidentiality, and any applicable warranties or guarantees related to the export.
07
Consider including dispute resolution mechanisms, such as arbitration or mediation, to address any potential conflicts that may arise.
08
Clearly state the duration of the contract, any termination clauses, and any renewal or extension options.
09
Seek legal advice or consult with an experienced international trade professional to ensure that the contract terms comply with applicable laws and regulations.

Who needs contract terms supporting export?

01
Exporters: Exporters or companies involved in exporting goods or services need contract terms specifically tailored to support and protect their interests during the export process.
02
Importers: Importers who are purchasing goods or services from an exporter in another country may also require contract terms that support their rights and obligations in the importation process.
03
Governments: Contract terms supporting export are also necessary for governments or governmental agencies involved in international trade, as they often engage in contracts to promote exports or regulate the export of specific goods or services.
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The contract terms supporting export define the terms and conditions of a trade agreement between the exporter and importer, outlining the responsibilities and obligations of both parties.
The exporter is required to file the contract terms supporting export.
Contract terms supporting export can be filled out by specifying the details of the trade agreement, including product details, payment terms, shipping terms, etc.
The purpose of contract terms supporting export is to ensure a clear understanding of the trade agreement between the exporter and importer, mitigating risks and disputes.
The contract terms supporting export must include details such as product description, quantity, price, payment terms, delivery terms, and Incoterms.
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