Import Contract

Import Contract in International Trade

Meaning of Import Contract, according to the Dictionary of International Trade (Global Negotiator): The import contract is suitable when a company is buying goods from abroad by way of import in the course of a business to business transaction. The contract seta out the standard terms and conditions of purchase. This type of contract include clauses covering: price and payment, delivery, sub-contracting, title and risk, packaging, inspection, indemnity, confidentiality, and termination.