(7) Port of Destination:

　　(8) Shipping Marks:

　　(9) Time of Shipment: Within ____________________days after receipt of L/C, allowing transhipment and partial shipment.

　　(10) Terms of Payment: By 100% Confirmed, Irrevocable and Sight Letter of Credit to remain valid for negotiation in China until the 15th day after shipment. 　　(11) Insurance: Covers all risks and warrisks only as per the Clauses of the Peoples Insurance Company of China for 110% of the invoice value. To be effected by the Buyer.

　　(12) The Buyer shall establish the covering Letter of Credit before _________; failing which, the Seller reserves the right to rescind this Sales Contract without further notice, or to accept whole or any part of this Sales Contract, non-fulfilled by the Buyer, of to lodge claim for direct losses sustained, if any

　　(13) Documents: The Sellers shall present to the negotiating bank, Clean On Board Bill of Lading, Invoice, Quality Certificate issued by the China Commodity Inspection Bureau or the Manufacturers, Survey Report on Quantity/Weight issued by the China Commodity Inspection Bureau, and Transferable Insurance policy or Insurance Certificate when this contract is made on CIF basis.

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